diff --git a/utils/s3/client.cc b/utils/s3/client.cc
index a6b5cb2f9a..8356540410 100644
--- a/utils/s3/client.cc
+++ b/utils/s3/client.cc
@@ -161,8 +161,10 @@ shared_ptr<client> client::make(std::string ep, std::string region, std::string
 
 future<> client::update_credentials_and_rearm() {
     _credentials = co_await _creds_provider_chain.get_aws_credentials();
-    _creds_invalidation_timer.rearm(_credentials.expires_at);
-    _creds_update_timer.rearm(_credentials.expires_at - 1h);
+    if (_credentials) {
+        _creds_invalidation_timer.rearm(_credentials.expires_at);
+        _creds_update_timer.rearm(_credentials.expires_at - 1h);
+    }
 }
 
 future<> client::authorize(http::request& req) {