Replace 6/24/25: Just a few issues we’ve mentioned beneath have been verified by Chase media workforce (ht to Dansdeals):
- When redeeming factors after October 26, 2025, you will be unable to decide on which factors get used up. The factors might be used up with a first-in-first-out system, no matter what they’re redeemed for. (E.g. You have got one bucket of 100k factors which have the 1.5 redemption capability and one other 100k which don’t. You switch 100k factors to Hyatt. You received’t have any factors with the 1.5 redemption capability anymore because the earlier factors get used up first.)
- Factors transferred from different playing cards to the Sapphire Reserve or Most well-liked earlier than October 26, 2025 will retain the 1.25/1.5 redemption capability till October 2027.
- Playing cards which might be product modified to Sapphire Reserve or Most well-liked from June 23, 2025 and onward won’t have the 1.25/1.5 redemption capability.
Replace 6/23/25: That is now reside. Plainly the two¢ is just for sure airways and lessons. Appears to be restricted to United, LATAM, Emirates, Air Canada, Eva (share any others within the feedback). Hat tip to TDD
Unique Submit:
Chase is touting a brand new ‘Factors Increase’ characteristic which is able to permit Sapphire Reserve cardholders to redeem Final Rewards factors by means of the Chase Journey Portal at a redemption fee of as much as 2% (2 cents per level).
Extra notably, to me, is that the financial institution can also be sunsetting the mounted 1.5% redemption fee that Sapphire Reserve cardholders loved on all journey booked by means of the Chase Journey Portal. Beginning late October 2025, you’ll be capable of: 1) redeem for money at 1%, 2) switch to journey companions, or 3) e book journey by means of the Chase Journey Portal at a redemption fee of someplace between 1-2%. (PYB is mentioned beneath.) There’ll not be a dependable 1.5% cashout methodology with the Sapphire Reserve card.
Equally, Chase Sapphire Most well-liked could have its 1.25% mounted redemption fee eliminated. The Chase Sapphire Most well-liked, INK Most well-liked, and INK Plus playing cards will get a Factors Increase redemption choice with the worth of as much as 1.5% on choose motels and flights, and as much as 1.75% on choose premium cabin flights.
These modifications will go into impact for each the Sapphire Reserve and the Sapphire Most well-liked on the next timeline:
- For present cardholders, which incorporates all who’ve the cardboard earlier than June 22, 2025:
- For factors earned previous to October 26, 2025, you’ll preserve the mounted 1.5% redemption worth choice for 2 years by means of October 25, 2027. You’ll additionally get the higher 2% Factors Increase redemption choice, when out there. The system will routinely provide the higher redemption fee. This characteristic will kick in instantly on June 23, 2025.
- For factors earned October 26, 2025 and onward you’ll solely have 1-2% variable ‘Factors Increase’ redemption fee.
- New cardholders who apply on June 23, 2025 or past received’t have the 1.5% characteristic in any respect. They are going to instantly have simply the 1-2% Factors Increase redemption choice.
One level which persons are asking about is how it will work for factors transferred and for product modifications. My guess is that somebody who product modifications to the Sapphire Reserve earlier than June 23, 2025 will get their total factors steadiness locked in by means of 2027 with the 1.5 redemption choice. Likewise, somebody who has an present Sapphire Reserve card they usually obtain a factors switch from a family member by October 25, 2025, my guess is that they’ll preserve the 1.5% redemption choice by means of 2027 as will probably be bucketed together with factors earned. These are simply guesses.
The opposite query I’m wondering about: what concerning the Pay Your self Again characteristic? Chase principally already stripped away the 1.5% redemption by way of Pay Your self Again some time in the past. However they did go away us with some good choices at 1.25%. Hopefully that characteristic will stay, and we’ll at the very least have a reasonably dependable 1.25% cashout methodology as a ground on Final Rewards factors worth.
