With the huge changes<\/a> made to the Chase Sapphire Reserve\u00ae<\/a><\/span> (see rates and fees<\/a>) and the introduction<\/a> of the all-new Chase Sapphire Reserve for Business\u2120<\/a><\/span> (see rates and fees<\/a>), there has been a lot happening in the world of Chase credit cards<\/a> recently.<\/p>\n In this avalanche of changes, Chase has announced an important change to how you redeem Chase Ultimate Rewards<\/a> points. Chase has long been known for its valuable redemptions of Chase Ultimate Rewards points<\/a> (ranging from 1.25 cents to 1.5 cents) through Chase Travel\u2120,<\/a> but the issuer is phasing out this unique perk in favor of a new feature: Points Boost. This perk now allows eligible cardholders to redeem points for up to 2 cents per point, depending on the card and the redemption.<\/p>\n But is this a positive change or a negative one? Now that the new benefit is live, let’s compare these options to see which one offers more value.<\/p>\n Chase is removing the ability to redeem points with the 25% to 50% bonus for cardholders of select premium cards. As the new standard, all cards will offer 1 cent per point for eligible purchases through Chase Travel.<\/p>\n However, despite this being a major negative development, this change will occur gradually for existing cardholders. If you’re an existing cardholder whose account was opened before June 23, the points you earn prior to Oct. 26 of this year can still be redeemed at the current rates until Oct. 26, 2027.<\/p>\n Conversely, points earned on new accounts opened from June 23 can only be redeemed for 1 cent per point, unless the purchase is eligible for the new Points Boost perk.<\/p>\nBenefit to be axed: Fixed redemption value<\/h2>\n
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