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What this credit is
One statement credit every four years
This credit is worth $120.
Set against the card’s $95 annual fee, using this one credit in full covers 126% of it.
How the one-time reset works
It does not reset. A one-off. Once it is used, or once the offer period closes, it is finished — so this one belongs on a calendar rather than in a habit.
Cardful tracks this credit to the cent, shows how much of the current offer period is still unclaimed, and reminds you before the window closes — which is the whole reason the app exists.
Where people lose this one
- Once every four years. Using it resets a four-year clock, so it is worth timing against whoever else in the household needs it.
The rest of the Chase Sapphire Preferred credits
- Apple TV Credit — $156 annual
- Hotel Credit — $100 annual
- DoorDash Credit — $10 monthly
See the full Chase Sapphire Preferred breakdown →
Related reading
- Travel perks and card insurance, explained
- What your points are actually worth
- How statement credits really work
- Is the annual fee worth it?
Terms last verified against the issuer’s published page on . Card terms change without notice — always confirm on the issuer’s site before applying.