New year, new credits! Well, they are the same old credits — but now you get to use them again! For those of you holding credit cards that charge annual fees, the various statement credits that the cards offer are a great opportunity to offset the overall cost of your card.
Now that it is 2022, many of the credits used last year are now available to be used again. Let’s take a look at the credits offered on many major cards so you can start strategizing on how to best use them this year.
Statement Credits That Renew by Calendar Year
American Express Statement Credits
Several Amex cards offer Equinox statement credits. Image Credit: American ExpressFor better or for worse, American Express is the king of credits. On certain cards, you might even find that you have more credits than you know what to do with. Here is a glance at all of the credits you can start using again, organized by card. Keep in mind that we’ve only included credits that are an automatic benefit, not those that require a certain threshold of spending.
Note: You may need to enroll through your American Express account to activate specific credits.
- $120 Uber Cash: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S.
- $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
- $189 CLEAR Credit: Receive up to $100 per calendar year in statement credits when you pay for your CLEAR membership with your card
$100 Statement Credits for Lounge Access: Use the Amex Green card to purchase lounge access through LoungeBuddy and receive up to $100 in statement credits per calendar year
Business Centurion® Card from American Express
- $200 Airline Fee Credit: Get up to $200 per year in statement credits when incident travel fees on your selected airline are charged
- $1,000 Saks Fifth Avenue Credit: Cardmembers receive up to $250 in quarterly statement credits
- $189 CLEAR Credit: Get up to $189 back per year on your CLEAR membership
- Equinox Destination Access Membership: Get up to $300 back per month on your membership
- $200 Airline Fee Credit: Get up to $200 per year in statement credits when incident travel fees on your selected airline are charged
- $400 Dell Credit: Receive up to $200 in statement credits between January and June and up to $200 in statement credits between July and December
- $360 Indeed Credit: Receive up to $90 in statement credits per quarter
- $150 Adobe Creative Solutions Credit: Get up to $150 per year for select subscription purchases with Adobe
- $120 Wireless Credit: Receive up to $10 in statement credits per month for wireless telephone services purchased with your card
- $189 CLEAR Credit: Get up to $189 back per year on your CLEAR membership
- Annual Fee: $695 (see rates and fees)
- $200 Airline Fee Credit: Get up to $200 per year in statement credits when incident travel fees on your selected airline are charged
- $1,000 Saks Fifth Avenue Credit: Cardmembers receive up to $250 in quarterly statement credits
- $189 CLEAR Credit: Get up to $189 back per year on your CLEAR membership
- Equinox Destination Access Membership: Get up to $300 back per month on your membership
- $250 Airline Fee Credit: Get up to $250 per year in statement credits when incident travel fees on your selected airline are charged
- $250 Hilton Resort Credit: Get up to $250 in statement credits for purchases made directly with participating Hilton resorts
- $100 Hilton On-Property Credit: Book a 2-night minimum stay at hiltonhonorsaspirecard.com and get up to $100 in credits for qualifying charges at participating Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts
- Up to $300 in statement credits per calendar year (up to $25 per month) for eligible purchases at restaurants worldwide.
- $100 Marriott Bonvoy Property Credit: Receive up to a $100 property credit for charges at The Ritz-Carlton or St. Regis when you book direct using a special rate for a 2-night minimum stay
- $200 Airline Fee Credit: Get up to $200 per year in statement credits when incident travel fees on your selected airline are charged.
- $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your card.
- $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your card on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
- $155 Walmart+ Credit: Use your card for a monthly Walmart+ membership and get the full cost back each month.
- $200 Uber Cash: Receive $15 in Uber Cash each month, plus a bonus $20 in December for rides or eats orders in the U.S.
- $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your card. Enrollment required.
- $189 CLEAR Credit: Get up to $189 back per year on your CLEAR membership.
- $100 Saks Fifth Avenue Credit: Receive up to a $50 statement credit from January through June and up to a $50 statement credit from July through December.
- Annual Fee: $695 (see rates and fees)
Bank of America Statement Credits
Each calendar year, the Bank of America Premium Rewards card offers cardholders a $100 annual airline incidental credit for qualifying purchases such as seat upgrades, baggage fees, inflight services, and more (excludes Allegiant Air, Spirit Airlines, and Sun Country Airlines).
As a big brother to the Bank of America Premium Rewards card, the Bank of America Premium Rewards Elite card ups the ante by offering a $300 annual airline incidental credit that can be applied to all of the same qualifying purchases.
Cardholders will also receive a $150 annual lifestyle credit towards rideshares, food delivery, streaming services, and fitness transactions at select merchants.
Chase Statement Credits
Cardholders of the Southwest Performance Business card receive a daily credit that covers the $8 charge to purchase Wi-Fi on your Southwest flight.
Citi Statement Credits
Cardholders receive a $100 annual hotel credit towards a booking of $500 or more made through the Citi Travel portal.
While the card is no longer available to new applicants, the Citi Prestige card offers a $250 annual travel credit that could be used towards airfare, hotels, and car rentals, as well as supermarkets and restaurants through the end of 2022.
City National Bank Statement Credits
Crystal® Visa Infinite® Credit Card
This card offers a $350 annual airline incidental credit that can be used with any U.S. carrier towards purchases like baggage or seat selection fees, onboard charges, and more.
Statement Credits That Renew by Cardmember Year
Barclays Statement Credits
AAdvantage® Aviator® Red World Elite Mastercard®
American Airlines frequent flyers will love that the AAdvantage Aviator Red card offers a $25 annual statement credit per cardmember year towards inflight Wi-Fi purchases with American (roughly 2 uses).
AAdvantage® Aviator® Silver Mastercard®
The AAdvantage Aviator Silver card bumps the credits up a notch by offering a $50 annual Wi-Fi credit per cardmember year, and up to $25 in daily statement credits towards inflight food and beverage purchases.
Even if you do just 1 round-trip flight with American Airlines each month, the food and beverage credit could save you up to $600 each year!
Capital One Statement Credits
The new CapOne Venture X card offers a $300 annual travel credit towards purchases made through the Capital One Travel portal.
Chase Statement Credits
Image Credit: ChaseCardholders can receive a $100 statement credit towards taxes and fees on an economy or premium economy award tickets or a $200 statement credit towards taxes and fees on a business or first-class booking up to 3 times per cardmember year (a $300 to $600 value).
The lone credit offered on the Chase Sapphire Preferred card is a $50 annual hotel credit towards a purchase through the Chase Travel portal.
When it comes to travel credits, there are none that are easier to use than the Chase Sapphire Reserve card’s $300 annual travel credit.
This credit can be applied to virtually any travel-related purchase made with the card, including obvious items like airfare, hotels, and rental cars, along with some not-so-obvious items like tolls, parking garages, public transportation.
Ritz-Carlton Rewards® Card
You can upgrade to this card if you’ve held the Marriott Bonvoy Boundless® Credit Card, or an older variety, for more than 12 months. If you have, it is worth considering upgrading because, not only does the Ritz-Carlton Rewards card come with better benefits, but it also offers a $300 travel credit to offset its $450 annual fee that can be used for baggage fees, seat upgrades, access to your preferred airport lounge and more.
This card offers a $75 annual Southwest statement credit per cardmember year that can be used towards flights, plus 4 upgraded boarding credits per calendar year — a phenomenal option for Southwest flyers.
U.S. Bank Statement Credits
U.S. Bank Altitude™ Reserve Visa Infinite® Card
This card offers $325 each year towards eligible travel purchases, takeout, food delivery, and dining purchases, making it far easy to use than many other credits.
Final Thoughts
It is no secret that most, if not all, of the very best travel rewards credit cards come with an annual fee — some of which can be quite high! Aside from the points you’ll earn and the card benefits you’ll receive, annual card credits offer an excellent way to recoup some of the cash you pay to use your card each year.
In fact, if you’re thoughtful in your use of your cards credits, you might find that you can get more value from them than your card’s annual fee — making the rewards and other benefits you receive the cherry on top!
The information regarding the American Express® Green Card, Business Centurion® Card from American Express, Centurion® Card from American Express, Hilton Honors American Express Aspire Card, Bank of America® Premium Rewards® Elite Credit Card, Citi Prestige® Card, Crystal® Visa Infinite® Credit Card, AAdvantage® Aviator® Red World Elite Mastercard®, AAdvantage® Aviator® Silver Mastercard®, Ritz-Carlton Rewards® Card, and U.S. Bank Altitude™ Reserve Visa Infinite® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
For rates and fees of The Business Platinum Card® from American Express, click here.
For rates and fees of The Platinum Card® from American Express, click here.
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