Greg recently wrote Rethinking The Edit by Chase Travel℠, a post where he shared his updated thoughts about the value of The Edit hotel bookings when redeeming points if you have a Chase Sapphire Reserve® card.
Well, it appears that he’s going to need to re-rethink his assessment of The Edit.
That’s because someone on Reddit has highlighted that Chase has edited The Edit. It’s no longer guaranteed that you’ll get to credit 2 cents per point (cpp) of value for The Edit which is something that will no doubt lead some Sapphire Reserve cardholders to say fuhgeddabouttheedit.
When Chase first launched The Edit, some readers noticed a couple of instances where redemptions of Ultimate Rewards points at The Edit properties weren’t being calculated at a 2cpp value. We reached out to Chase to highlight the instances where redemptions weren’t being calculated at a 2cpp valuation and those were promptly fixed.
Over the past 24 hours or so, I’d seen a couple of mentions/comments where people had highlighted that The Edit bookings they’d been looking to make weren’t being calculated at 2cpp. I’d initially assumed that these were glitches rather than it being a devaluation of the program fewer than six full months after it was launched, but sadly that’s not the case.
Reader EP150 directed us to this Reddit post. Again, I initially figured that the person who started that thread had simply encountered a one-off property that wasn’t being calculated properly. That is, until I started scrolling down.
For starters, many Redditors shared their examples of not getting 2cpp of value. That was a bad enough sign, but what appears to be the nail in the guaranteed value coffin is that Chase has updated the wording on its website to no longer assure you of 2cpp of value for The Edit bookings.
Grantwwu used the Wayback Machine to confirm that Chase’s website used to state that your points are worth 2x when redeemed for The Edit bookings if you have a Sapphire Reserve card.
Originally, the terms on Chase’s website stated the following (our bolding):
If you have a Chase Sapphire Reserve card and you use Points Boost, your points are worth 2x when you book a hotel that’s part of The Edit℠, and up to 2x when redeemed for both thousands of other top-booked hotels and flights with select airlines through Chase Travel.
However, that same page now states the following (our bolding):
If you have a Chase Sapphire Reserve card and you use Points Boost, your points are worth up to 2x when you book a hotel that’s part of The Edit℠, and up to 2x when redeemed for other top-booked hotels and flights with select airlines through Chase Travel.
See the difference? That page used to say ‘your points are worth 2x,’ but now it says ‘your points are worth up to 2x.’ It’s never good when anything in this hobby says ‘up to’ because it often ends up meaning ‘rarely’ and it most certainly means that 2x isn’t guaranteed.
Based on our initial observations, it appears that while you can still get 2cpp of value for some The Edit bookings, there are many others where you’ll only get 1.65cpp of value. In effect, that’s a 17.5% devaluation for redemptions at those properties.
For example, in the screenshot below you can see two hotels in New York. The Fifth Avenue Hotel costs $3,438 for two nights, or 171,901 Ultimate Rewards points – a 2cpp value. However, the Wythe Hotel costs $,1370 for the two nights or 83,044 points. Although it’s marked as a Points Boost hotel and that it’s part of The Edit, that equates to only 1.65cpp of value.
It would be bad enough if there were more than just a handful of examples of this devalued pricing, but it seems to be even worse than that. When checking hotels in New York, Greg found 18 properties where you could redeem Ultimate Rewards for 2cpp of value, but 23 others that had a lower redemption level.
The fact that you now get less than 2cpp of value at more than half the properties in a major US city using one of the flagship benefits of Chase’s updated Sapphire Reserve card is an incredibly disappointing development, especially coming less than six months after it launched. It definitely gives the impression that they wanted plaudits for the 2cpp guaranteed redemption ability immediately after the card’s revamp, only to hope that the subsequent devaluation would be missed/ignored/forgotten just a few months down the line.
We’ve reached out to Chase about this development, so we’ll update this post if/when we receive some kind of statement.
In the meantime, the Frequent Miler Bonvoyed of the Year awards are coming up in the next week or so and Chase seems to be making a late push for winning that unwanted award. If they manage to snatch it out of the hands of Southwest this year, it’ll be a truly impressive feat.
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We had already given up on using the Edit in 2026, and now this confirms that choice. CSR made sense for us in 2025, given our travel plans, but I think we will be downgrading at renewal in 2026. CSR is a lot of work for very little reward unless you are traveling to very specific locations and prefer luxury hotels.
Most of the time, I am perfectly happy with a Hyatt Place, and for the rare occasion when I was thinking about luxury for 2 nights (Rosewood Kona Village), it wasn’t even part of the Edit.
I just got a Citi Strata Elite card, and while Blacklane is useless for me, the hotel credit and splurge credit are easy to use. And while 6X dining on Friday and Saturday nights only is a little annoying, those are the nights when we normally go out to fine dining.
I don’t count The Edit in my valuation of whether to keep my CSR, because I’m generally not willing to pay $1,000+ (or the equivalent points value) per night for a hotel, and in my experience, it’s only ultra high-end properties that are available for booking.
My main interest in this card was so that I could access the Sapphire Lounges in PHL and IAD. Sadly, my experience with those has been difficult. Example: this past weekend, I was flying through IAD on my way home. Due to a delay, I found myself with a 5-hour layover involving a transfer from United’s dedicated terminal, to the A gates for my final segment. The Sapphire/Etihad lounge is perfectly located for flights from UA’s A-gates at IAD, so I went to the CSR lounge. At check-in I was told there was a waitlist and was quoted 45 minutes. As a CSR, I was bunched in with Priority Pass holders using their once annual visit. I would have expected better… at least prioritization above PP holders. That lounge is not meaningfully better than others available to me (UA club or Turkish due to my *G status). In that case, I just went over to the Turkish lounge instead. FWIW, I did put myself on the wait list, and I got the text, like they said, 45 minutes later while I was enjoying the view, comfortably from the Turkish lounge.
The card is definitely not worth the new $990 annual fee for my wife and me. We’ll be downgrading to at least the Preferred, or perhaps a no annual fee card at renewal.
“In effect, that’s a 17.5% devaluation for redemptions at those properties.”
It’s actually a bit more than that – yes, 1.65 cpp is 17.5% less than 2 cpp, but 2cpp is 21.2% more than 1.65, and that’s how many more points you’ll need.
Example:
$2,000 hotel stay divided by .02 (2cpp) = 100,000 points needed
$2,000 hotel stay divided by .0165 (1.65cpp) = 121,212 points needed, a 21.2% increase
Just checked my list of prospective bookings for 2026 credits and a bunch had been devalued as well.
Definitely disappointing I was really trying hard to like/embrace the EDIT. This definitely sours when the change T&C in the fly – I honestly wonder if it rise to a CARD ACT of 2010 violation with the less than 90 days (but the 1.5X vs 2X Points Boost might be a bit murky and not apply for those holding the CSR for a full year.
But despite the devaluation I’m still sitting on almost 500K that I could still reedem at 1.5X through the portal but the UR have always been far more valuable when xfr to an Airline partner even more so with a xfr bonus.
The EDIT bookings with 2X Points boost have been the first real Chase portal booking we made in years with points and Chase portalnfor that matter.
The CSP $100 portal Credit (extra $50) this year and new Quest Renowned Hotels were the first (but neither involved UR or Airline miles). 1.67x is still higher than the 1.5X (just barely) but with $250, $100 and 4 free breakfast ($100~$160 approx cash face value).
I’m a long term CSR card holder with these changes – doubtful – I (we) have easily gotten an excellent ROI vs the $550 AF – even if we didn’t use any of the 2026 credits. But of course we will use those credits as well – but the Amex Plat is playing for keeps and the CSR is playing games – Minor league vs Major league.
One more thing – I also noticed perhaps an anomaly- I canceled an EDIT booking and rebooked same property but a few days difference. The refunded the points and they reversed the EDIT credit – but never re-applied it to the new booking – 8 days latter (I called and the manual processsed – credit hasn’t posted yet but balance has lowered by $250.
I JUST booked a stay in NYC with The Edit at 2cpp value a few days ago. It was a decent use of points. I just checked the same hotel today, sure enough, 1.65cpp. Just when I was considering keeping the card. At this point almost certainly going to downgrade it to a Preferred in the new year.
I noticed this, too. Also, the booking engine appears to hide certain EDIT hotels (surprise, ones with lower rates) from the search results unless you search BY NAME for the property. I was just about to book a Hyatt property last week, but held off, and even then, value was just barely better than booking through hyatt itself due to edit perks… nope, it’s already showing the devaluation that makes the booking silly now. Cannot wait to dump this card next summer after ive already used what credits I can (not many, especially compared to Amex Plat and Biz Plat). Bait and switch all over the place, Chase. Garbage.
I noticed the hiding even last month – if you weren’t specfic – The EDIT tool that FM posted about was the only reason I even knew to look for specific properties.- Amex FHR doesn’t play these games. Just one more way FHR is superior- with FHR I have noticed price drops close in when they have empty rooms (repriced several times over the years).
This product is going to implode one day.
It seems pretty clear that Chase doesn’t want any customers that expect to get reasonable value from this card. More generally, with all the recent negative changes – most egregiously lifetime language on every card with a meaningful SUB – that Chase is giving a clear message of “f@#& you” to not just maximizers but anyone that wants to get a reasonable return.
This card is awful. Chase clearly doesn’t care about its cardmembers, quietly devalues benefits (if you can access them at all), and hopes people won’t notice. Chase’s customer service is consistently horrid when things go wrong. For a $795 annual fee, getting “up to” what was just marketed as guaranteed is just ridiculous and, sadly, the tip of the iceberg.
Yes, I realized the point changed too when researching the same hotel last week and today!:(
There might be a 5 way tie for the Bonvoy of the year awards. Marriott, Southwest, Wyndham/Vacasa, and I’m sure I am forgetting several other contenders!
No blogger at BA is doing their job. Chase has gutted point boost on airfare and NO ONE is talking about it. Nerd wallet did a great write up and silence here. Been around a long time and sad to see what you all have become.
https://www.nerdwallet.com/travel/news/chase-points-boost-is-a-points-bust
As commented before, was better to pay with cash and earn 8x than get 2cpp with points boost in the first place. Paying with points means forgoing both earning 8x and getting much better value than 2cpp on your points redemption, such as with Hyatt.
If cash rate is so high as to make that unpalatable, then the $250 edit credit is nothing more than a 20% off coupon and not a good redemption anyway.
I encountered this when booking a paid flight via portal the other day. It showed 1.5 cents per point since I have the two year period and I considered using it for that but then realized loss of 8x makes it not worth it. Previously loss of 3x meant I’d occasionally use points that way but now I doubt I use any of my 1.5M stash this way. Problem is travel has fallen off since pandemic and kids.
Trash card keeps getting worse by the day