There is a rumor circulating on Chase that as part of the Chase Sapphire Reserve changes Chase will be removing the ability to redeem points for 1.5¢ per point via the Chase travel portal. Points earned before the cut off date will be eligible to be redeemed until sometime in 2027. I haven’t been able to confirm these changes with any of my own sources with Chase so it’s unclear how reliable this information is.
You may also like
Maximize Fine Hotels & Resorts Benefits With MaxFHR.com
[Rumor] Bank of America Alaska Airlines $395 Annual Fee Card (100k Bonus) & Full Details
New American Express Platinum $600 FHR Credit Coming ($300 Semi Annual)
American Express Sends Out Survey On Marriott Changes (Three Cards)
Best Posts Last Week: 80k JetBlue Offers, Capital One $1,000 Business Checking & More
In the original reddit leak that proved to be true about the Reserve’s refresh the elimination 1.5 cpp travel redemptions was posted in the comments by someone who claimed they had also done the training. Likely true.
Delete
This is almost certainly true. There’s no way they’re going to be able to give a $500 “The Edit” credit and a $300 dining credit through their reservation system with a $795 AF and still give 1.5cpp redemptions through their travel portal. No way.
They’ve basically come up with a whole new card but kept the name the same.
The Edit credit will have incredible breakage. The cheapskates will have trouble finding hotels that are reasonably priced, even after the credit. The spendthrifts will use it, but spend way more than $250 per stay. And remember Chase gets a big commission: 20%+. So they’ll net break even or even make money depending on their cut, even after 8x points rebate. This is probably why they reduced the hotels earn rate
*vomit*
Well, as long as they keep the $300 travel credit…
*sharts*
This is pretty surprising as it would make the card…*checks notes* worthless. Amex points generally have the same or higher value for redemptions/partners and have a 35% rebate vs the CSR effective 33.3% discount. I would pay no more than a $95 AF, just like any other mid tier card like the Strata or CSP
Considering switching to the BofA stack now, the coupon book-ification of premium cards in general is getting quite tiresome.
By “BofA stack” are you just referring to getting Preferred status? If not, what are you referring to?
Right, just getting Platinum Honors and a Premium Rewards / PR Elite card with a CCR for the quarterly categories. Compared to Chase or Amex it’s really boring, but there’s consistent value. Just have to decide if it’s worth giving up Schwab customer service for my IRA in favor of Merrill for better credit card rewards.
I would recommend that you go for it. For the most part, I’ve had decent CS with Merrill.
So much of the time, the “1.5x” benefit isn’t 1.5x. Maybe 1.2-1.4x, such as Priceline’s “VIP” rates, Expedia’s enhanced tiers.
Dropping the “1.5x” benefit might be the nail in the coffin for me. So many other cards offer enhanced earning rates on travel.
still better than most miles and rewards
I use it on cheap cruises. Some offers and pricing as elsewhere. Amazing benefit. I’m likely out if this is gone.
The high AF travel cards in a race to see who can make the most expensive, useless coupon book card makes me glad I mostly optimized for cashback. They just need to one-up Amex with a $10 Krispy Kreme monthly credit.
“Points earned before the cut off date will be eligible to be redeemed until sometime in 2027”. This is a very important and vague statement. What about points that were earned a while ago on other Chase cards, but we only combine them and move them to the CSR after the cutoff date- will those be considered old or new points? Might make sense to move over all of your points to a CSR now just in case.
That’s what I’ve been doing all along. I see no reason to leave them elsewhere. They’ve made it more difficult to transfer points, now requiring a code for every transfer. Guys, if I’ve just shown you that I’m me for my transfer from card A, why do I have to do it again when I transfer from card B two minutes later?
Because a product manager didn’t find the improved user experience worthy enough to prioritize in a feature like that.
Maybe they’ll replace it with a $5 Chipotle coupon for each booking so they can announce it as an “Exiting New Benefit!”
My biggest concern is this gives US Bank the idea to kill 1.5cpp redemptions on the USBAR.
Don’t speak that out loud.
I think it’s more likely US Bank just kills the card if that’s their concern. If they have to start putting a lot of effort into tinkering with benefits when it’s no longer available it would seem to be more cost effective to discontinue it entirely.
I hope they don’t – I love my USB AR.