I thought it would be processed as part of the renewal (like the Autopay and refer-a-friend rewards) but I understand that it will be before the next renewal.
@HKTThat sounds better. The next one will appear just befor the next renewal. You might not actually see it in advance of the renewal.
It would be nicer if it showed up earlier though. Could spend it on add-ons in the meantime.
@HKT: Check the wording of the credit. Is it refer a friend or promo?