Hi, I search all over the place, and read through countless pages. but I can't seem to find a firm answer.

I am planning a trip for April 25-May 10 2015 to Europe.
I just received my Chase Fairmont and Chase Hyatt Card (both sign up on 2/16/2014).

My Fairmont statement close on 11th of the month, while the Hyatt close on the 25th.

I am planning to complete the spend for both card on 4/30. When does the free nights get issued, and it's 1 yr from what date?

I read somewhere that the free nights will be issued on the day you complete the 1k min spend, not when statement close (like for points,etc).

Off topic: info on the Citi Hilton Reserve 2 free nights would be much appreciated.