Chase points boost crash: redemption values plummeting, leaving travelers in the red
The promise of lucrative Chase Points Boosts, once a cornerstone of Travel rewards strategy, is rapidly dissolving. For many, including those at TPG, the allure of earning up to two times the value on select hotel redemptions through The Edit program has evaporated, replaced by a growing sense of financial disappointment.
A sudden and steep decline
Just a few months ago, over 1,300 hotels within Chase’s ‘The Edit’ collection offered a consistent 2 cents per point redemption value when leveraging Points Boost. Now, a sobering reality is taking hold: a mere 27% of those same properties remain offering that coveted rate. The remaining 73% are settling for a paltry 1.65 cents per point – a significant downgrade that demands immediate attention.
The numbers tell the tale
Let's examine the data. As of April 26th, 2026, the situation is stark: 27% of The Edit hotels are yielding 2 cents per point, while 73% are providing only 1.65 cents. This represents a drastic shift, underscored by an average return of just 1.7 cents per point across the sampled dataset. A more comprehensive analysis by Nextcard revealed an even more concerning trend – 33% of their 1,104-hotel dataset offered a 2-cent redemption in June 2025, plummeting to a mere 10% last week.
A frustrating shift
The initial excitement surrounding Points Boost – particularly when booking stays at high-end properties like the 1 Hotel Hanalei Bay – was palpable. The ability to accumulate relatively few points for luxuryexperiences, often costing upwards of $800 or $1,000 per night, was a game changer. A two-night stay at the JW Marriott, Anaheim Resort, previously costing 100,000 Chase Ultimate Rewards points and $200 in cash, now demands a considerably greater investment – a stark reminder of the diminishing value.
Navigating the new landscape
While the average return has decreased, savvy travelers shouldn’t abandon Chase points entirely. Transferring to partner programs like Marriott Bonvoy can still unlock substantial value, particularly for those seeking access to premium properties that don’t participate in The Edit. However, it’s imperative to meticulously evaluate each redemption opportunity, acknowledging that the days of consistently earning 2 cents per point are, for now, firmly in the rearview mirror. The future of Chase Points Boost remains uncertain, and travelers must adapt their strategies accordingly – a lesson learned the hard way.