The Edit by Chase Travel℠ is a luxury hotel booking program available to JP Morgan Reserve and Chase Sapphire Reserve® cardholders. When booking hotels through The Edit, cardholders enjoy a suite of valuable benefits and, in most cases, will also qualify for elite credit, rewards, and perks when staying at chain hotel properties. The Edit stays usually include:
- Daily breakfast for 2
- $100 property credit per stay (such as dining or spa credits)
- Room upgrade at check-in (based on availability)
- Early check-in and late check-out (based on availability
- Complementary wifi
Via Point Boosts, Chase initially advertised that cardholders would get 2 cents per point (cpp) value when redeeming points through Chase Travel℠ for hotels that are part of The Edit, later walking it back to say that some properties would have a lower redemption rate (usually 1.65cpp).
This week, Chase began temporarily raising rates at certain properties to as high as 2.5 cents per point; a potentially very exciting use for Ultimate Rewards points. However, it might also be masking a turn for the worse in the program overall.
Over the last couple of months, I’ve been noticing that many of the properties that I’ve looked at on The Edit are showing the 1.65cpp redemption rate, while properties at 2cpp have become harder and harder to find.
I hadn’t realized exactly how hard to find they had become until we were contacted by the folks at EditMaxxer, a tool that tracks the prices, locations, and availability of The Edit properties. Between late-January and April 21, EditMaxxer picked up ~350 Edit hotels that showed a redemption value of 2.0 cents per point. On April 22nd, that number was down to 110, a reduction of nearly 70%.
So, at the same time that Chase added the new 2.5cpp to a handful of Edit properties, it seems to have devalued redemptions at hundreds more.
Indeed, it currently appears that the most common rate for The Edit hotel redemptions is 1.65 cents per point. Of the 1,084 properties EditMaxxer currently shows as available, only 119 are at 2+ cents per point, or ~11%. In contrast, 89% are at 1.65cpp (see below):
Bottom Line
When Chase relaunched the Sapphire Reserve cards, it indicated that bookings with The Edit could be made at 2 cents per point. When we received notices of properties below that level, Chase said that the 2cpp rate was meant to be a promotion, and that it wouldn’t be honored for all properties after December 22nd, 2025:
Some of our Chase Travel content marketing the 2x points boost promotion for The Edit remained in market longer than intended. 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. As a reminder the terms outlining the Points Boost program are available here*
Now, it appears that getting 2+ cents per point on an Edit booking is by far the exception, and not the rule. While 1.65 cents per point is still a decent deal, it’s significantly mitigated by the high prices of properties on The Edit, even when compared to Fine Hotels + Resorts.
I’ve personally been having a much harder time finding good values with The Edit, and I still have a $250 credit from our Sapphire Reserve® card staring me in the face to prove it. Our annual fee for the card is due in about two months, and we’ll almost certainly downgrade it to a Sapphire Preferred®. As a result, we’ll lose access to The Edit, but I can’t imagine we’ll notice it in the least. What once seemed like a promising program now feels increasingly crippled; much less appealing than its American Express counterpart.
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Early after the CSR refresh, when the product and platform saw changes in quick succession . . . and seemed less anchored . . . I sensed that whatever the CSR was becoming was not going to be a fit. I didn’t need to wait and see. I didn’t need to wait for the annual renewal for a change. It’s been seven months and haven’t looked back
Something has fundamentally changed at Chase. Acknowledge it, accept it, and stop being Chase’s apologist. Lose the obsession with travel protections, find another solution, and get on with life.
Unfortunately CSR has evolved into garbage like Bilt as well. Sad. Not gonna dance around it worshipping its credits. No need to be a slave to it and getting beaten by every secret devaluation. Not getting it. Moving on. Super super excellent article. Great read.
I noticed this recently – I had been watching Four Seasons Whistler at 2X Points boost and the cart keet showing the booking price dropping “this property has dropped $53.xx since you added to cart and continued- I was waiting to lock in the Hyatt we are going to book before May 20th but was on fence about Booking Secrets AI in Aruba for 30K or just booking Hyatt Aruba Airport for 12K for arrival/departure this has the best bang for UR vs cash.
So today instead of FS Whistler- I pivoted and used last EDIT credit (using the bonus $250 this weekend at a Kimpton – also booked it before 2X disappered and I booked last years and this years Edit Credit with 2X points boost.
That said will be PC our CSR cards to a Freedom sometime after AF posts – we PC Freedom cards for P1/P2 just before launch of refresh last June. And October renewal was $550 so we have gotten great mileage out od the coupons for year 1 of the Refresh.
Amex Plat has been slow rolling/curbing/closing loopholes i.e. Airline credits. The Personal Plat is still a keeper in short term – I just wishe I had banked UA TB back in January ( I normally do – ot was just a busy month of travel).
Also planning on downgrading multiple cards with higher AFs this year.
This is what happens when you let marketing people control your product. You get stuff that looks good in headlines but is dogsh*t in reality. Some of the most dishonest and misleading stuff imaginable was dreamed up by marketers and PR jerks and this new “oh wow up to 2.5 cpp boost!!” is no different. Marketers give you a starburst with one hand while they kick you in the crotch.
Literally days after I said the points boost at 2.0 cpp was potentially valuable, Chase makes me eat my words. There’s got to be someone on their team whose goal is to explicitly remove all sweet spots left in their program until the best redemption is just to use points to pay your annual fee.
yeah I’m canceling mine as soon as I get home from Vegas. I have a few weeks left to cancel to get my $800 back.
I can’t even justify “oh maybe redemption rates are down because summer is coming and people don’t travel much in the winter”
lol the Edit bc chase can’t stop editing the program- good one!
Can’t wait to cancel CSR, time is money and paying chase to waste my time is not a deal I’m willing to take. CSR will bite the dust in my household
I haven’t really considered redeeming points for Edit properties because I’ve gotten better value recently transferring to United and Hyatt, and I did not otherwise want to forego the 8x points earned paying cash. That being said, my problem with the Edit is that the rates are usually way overpriced compared to what the hotel charges or how much it is on other programs (such as AMEX FHR), making it hard to justify using the credit.
Have been lucky enough to find good value for the 3 Edit credits I’ve had access to so far, and I’m done for 2026. My AF comes up next month, and while I probably will get enough value to justify keeping the card, it is so much harder vs AMEX Plat and other cards, so I will be requesting a retention offer or downgrading to CSP. I have the Ritz-Carlton card for lounge access so I’m not missing out there.
Now I know why Chase calls its hotel program The Edit. They can’t stop changing it.
Tim, thank you for writing this, and thanks also to the folks at Editmaxxer who gave you the data to support it.
It’s all very useful information. But even more important, like Stephen’s coverage of Bilt 2.0, it’s one more demonstration that your team is not afraid to inform its community even when doing so risks irritating partners who might help keep the lights on.
Respect!
Much respect. Not a shill like that big fruit the Point Guy.
A piece of crap!
I’ve lost a lot of trust in the Sapphire rewards program. Chase doesnt seem to be focused on improving the experience and keeps devaluing things without communication.
The Edit continues to be a joke. It’s a limited selection of properties that has wildly inflated pricing. Often FHR will have rooms at pricing that Edit shows as unavailable. One of my credits is also staring me at the face, the other booking was only defensible because I combined it with the 1x $250 IHG credit. It’s just not that good of a program, and Chase seems intent on promoting 2.5cpp at 11 properties versus providing a program that has depth and value.
Meanwhile Amex Platinum continues to lead the way with credits that can be used both at FHR as well as Hotel Collection properties.
CSR lounges are great. Can I still make the CSR coupons work? Sure, but it’s much more of a pain than before, and they are all much harder to use than Amex coupons. But, the CSR lounges are great, and the Chase points ecosystem is still a good one (never look a gift horse like a 20% transfer bonus to Aeroplan in the mouth).
They took a no brainer daily driver card and made it one that I still use but now dislike. That perception adds up over time. But when you’re the largest bank, maybe they just don’t care.
I think it’s more that we’re the minority.
The other day I overheard someone bragging about how they “got Explorist status from their Chase Sapphire Reserve card” and how they “got upgrades in Japan” as a result.
I don’t think most people even know what these statuses mean, or what an “upgrade” really means. I think they just see that it’s attached to the CSR and 75k spend and think that it’s got to be meaningful.
Hoping they repeat the “Hotel” credit in 2027.