Credit Card Statement Credits: The Complete Guide

Statement credits can make or break a premium card's value. Learn how they work, when they reset, and how to make sure you never leave one on the table.

What are statement credits?

Statement credits are reimbursements that card issuers apply to your account when you make eligible purchases. Premium cards like the Amex Platinum, Amex Gold, and Chase Sapphire Reserve offer hundreds of dollars in annual credits for things like dining, travel, streaming, and more. When used strategically, these credits can offset most — or all — of a card's annual fee.