Use it or lose it: Redeem your credit card offers before 2020 ends

Some offers mentioned below are no longer available. Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Premium cards often come with a suite of benefits that include money-saving statement credits on travel and dining purchases that can be worth up to $300 annually. But there’s a catch — these credits often expire at the end of each calendar year.

If you have select American Express or Citi cards, time is running out for you to take full advantage of these credits before the new year. Chase cardholders may have more time since the credit resets every 12 months from the first statement date after your account opening anniversary.

While many of these statement credit offers are traditionally for travel-related expenses, some card issuers have temporarily adjusted the list of eligible purchases to include gas stations, supermarkets and/or restaurants.

Here’s a comprehensive list of statement credit offers that are expiring soon, plus how you can use them before you lose them.

• American Express
• Bank of America
• Chase
• Citi

Amex offers annual airline fee credits on many of its luxury cards that can offset incidentals, such as seat upgrades, checked bags and in-flight refreshments. Unlike Citi and Chase, Amex hasn’t adjusted the airline related credit to encompass other types of purchases during the pandemic.

Since there’s little time left in 2020 to use this credit, and the pandemic has upended many travel plans, you can book 2021 flights now and pay to upgrade your seat or add checked baggage with the credit this year.

A one-time enrollment is typically required to activate each of these credits. The airline fee credit only applies to one airline that you designate at the beginning of the year.

• $120 Dining Credit: Earn up to $10 in statement credits monthly at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Terms apply. Enrollment required.
• See rates and fees.

American Express® Green Card

• Wireless phone service credit: Up to $10 on wireless phone service charges made directly with U.S. wireless telephone service providers (valid through 12/31/20).
• See rates and fees.

The Platinum Card® from American Express

• Airline fee credit: Up to $200 annually.
• Uber credit: Up to $20 Uber Cash credit for Uber rides or eats orders ($20 only applies in December, otherwise it’s $15 per month).
• Streaming credit: Up to $20 per month on select U.S. streaming subscriptions (valid through 12/31/20).
• Wireless phone service credit: Up to $20 per month on wireless phone service charges made directly with U.S. wireless telephone service providers (valid through 12/31/20).
• Saks Fifth Avenue credit: Up to $50 toward purchases from July to December.
• See rates and fees.

The Business Platinum Card® from American Express

• Airline fee credit: Up to $200 annually.
• Dell credit: Up to $100 from July to December.
• Shipping credit: Up to $20 per month on U.S. shipping purchases (valid through 12/31/20).
• Wireless phone service credit: Up to $20 per month on wireless telephone services purchased directly from U.S. service providers (valid through 12/31/20).
• See rates and fees.

• Airline fee credit: Up to $50 in statement credits each quarter totaling up to $200 annually on flight purchases made directly with an airline or though amextravel.com
• Hilton Resort credit: Up to a total of $200 in statement credits semi-annually (January through June; and July through December), for up to $400 back annually for eligible purchases made directly with participating Hilton Resorts
• See rates and fees.

• Brilliant Dining Credit: Up to $300 in statement credits per calendar year (up to $25 per month) for eligible purchases at restaurants worldwide.
• See rates and fees.

Bank of America® Premium Rewards® credit card members receive up to a $100 statement credit toward eligible airline incidentals for qualifying purchases. Unlike Amex, you don't have to select one airline at the beginning of the year. You can earn the credit with any eligible airline. Bank of America didn't expand this credit to use for purchases beyond airline incidentals.

The Chase Sapphire Reserve® offers a massive $300 travel credit that can be applied to a wide variety of expenses including airfare, hotel stays, tolls, campgrounds and much more. Check out the full list of eligible travel purchases.

This credit doesn’t expire every calendar year, but instead every 12 months from the first statement date after your account opening anniversary.

Citi Prestige® Card members receive up to a $250 statement credit toward eligible travel purchases, such as airfare, hotels, car rentals and tolls, every calendar year. And now through the end of 2020, supermarket and restaurant purchases count toward the travel credit.

The additional categories give you the flexibility to either use your credit for food or to book future travel with the credit now. Check out the full list of eligible travel purchases.

Information about the Hilton Honors Aspire Card, Bank of America® Premium Rewards® credit card, and Citi Prestige® Card has been collected independently by Select and has not been reviewed or provided by the issuers of the cards prior to publication.

For rates and fees of the Marriott Bonvoy Brilliant® American Express® Card, click here.

For rates and fees of the American Express® Gold Card, click here.