Chase quietly ended its guarantee that The Edit hotels would be available for redemption at 2 cents a point and no longer promises 2 cent Edit hotel redemptions.
There’s been a significant uproar over this. 2 cent redemptions for The Edit hotels is one of the more compelling pieces of the Sapphire Reserve card refresh announced this summer. Now, some Edit hotels are available to redeem at 2 cents while others have seen redemption value drop ~ 17%.
- Points Boost provides redemptions ‘up to’ 2 cents for hotels and airline itineraries
- The 2 cent offers (and 1.5 cent and above offers) will vary
- And that’s a change from the original narrative, where redemption values would vary for things other than The Edit redemptions.
As something of a make-good, Chase told me that they’d rebate points spent on The Edit redemptions to make customers whole on this expectation of 2 cent value for points.
We will proactively honor 2x points value for any customers who book a stay at a property in The Edit through December 22, 2025. Customers will see the points adjustment in their Ultimate Rewards balance.
- This applies to redemptions that have already been made for The Edit hotels at less than two cents
- And it applies to any new redemptions for The Edit hotels through December 22.
I covered this earlier, but it was not clear to some readers and wanted to underscore this development. You can still use your points at all The Edit hotel properties at 2 cents apiece as long as you have enough points to pay current prices.
You’ll get the points difference returned to you later. That only provides a window of a few days to do it, however. (Of course, you can still redeem points through Chase Travel for The Edit hotels including at 2 cents where that’s offered, and many still are.)
The Edit hotels are Chase’s answer to Fine Hotels and Resorts from American Express. These come with early check-in and late check-out along with room upgrades where available and generally include breakfast and a property credit. And, crucially, these reservations (1) still earn hotel points in the chain’s loyalty program, (2) still earn elite credit in that program, and (3) are eligible for a member’s elite benefits as well.
I often find that it requires fewer points to redeem for a Hyatt hotel through 2 cent Point Boost options than transferring points to Hyatt. Plus these are paid stays, where base points earned count towards lifetime elite status too.
You’ll almost always do better redeeming through Points Boost than you will transferring Chase points to Marriott or IHG, since those currencies are generally worth so much less. And that remains true for Points Boost redemptions at 1.67 cents as well.
How can Chase (and Citi) keep botching things, while Amex keeps knocking it out of the park? Like, is it the individuals leading these particular divisions at each respective bank, or sheer luck. Who knows, moving can be stressful, so maybe Chase’s relocation to 270 Park Avenue was distracting. H’woopsie!
“You’ll almost always do better redeeming through Points Boost than you will transferring Chase points to Marriott or IHG…” Umm, yeah, especially IHG, because those points are worth like 0.5 cpp at breakeven, and with Marriott’s recent devaluations, they aren’t much better (down to like 0.6cpp).
Quick correction – it’s a 21.2% devaluation. Yes, 1.65 is 17.5% lower than 2, but it’s the inverse you apply given how CPP are calculated.
$2,000 Edit hotel that used to require 100k points now requires 121,212 points, so a 21.2% deval.