I’m here with some not-so-good news for those of you who, like many of us at TPG, fell in love with Pursuit Point Increase and all The Edit by Chase Travel℠ hotel redemptions at 2 cents per point it offered when it launched in June 2025.
In December 2025, Chase updated their language to note that Boost Points redemptions are worth “up to double when you book a hotel that’s part of The Edit.” At that time, we saw a change in the number of properties maintaining a redemption value of 2 cents per point.
Now, another trend is the number of properties maintaining a surrender value of 2 cents per point.
Here’s what you need to know.
What has changed with Chase Points Boost?
I quickly got hooked on using Points Boost with me Chase Sapphire Reserve® (see rates and fees) to book hotels on the Chase Travel portal by redeeming Pursue ultimate rewards points at a maximum of 2 cents per point. This often saved me a significant amount of points compared to what it would cost to transfer to a program like Marriott Bonvoy and book several high-end hotels, such as those linked to the Westin and JW Marriott brands.
In fact, a two-night stay at the JW Marriott, Anaheim Resort in California in Fall 2025 it cost me 100,000 Chase Ultimate Rewards points and $200 less cash when booking with Points Boost versus transfer points to Marriott from Chase.
Points Boost also made it possible to dream of using a relatively reasonable amount of points on occasion to stay at hotels that cost between $800 and $1,000 per night and that don’t participate in a major points program (like a selection of 1 Hotels properties) when the price is 2 cents per point.
Initially, Chase’s entire curated list of over 1,300 The Edit hotels earned 2 cents per point when using Points Boost.
So while hotels that weren’t part of The Edit weren’t guaranteed to be part of Points Boost (and if they were, they could enter at a rate of, say, 1.65 cents per point instead of the full 2 cents per point), there were hundreds of great hotels on The Edit that could be counted on to earn 2 cents per point day after day. And of course, on top of that, you’d get all the other Edit hotel benefitsThat could keep some cash in your pocket.
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It was a great era to use Chase points in a new and valuable way. But, unfortunately, it was short-lived.
Changes to Chase Points Boost in 2025
About six months after its introduction, we noticed the first major change to Points Boost.
In December 2025, it was no longer consistent for all The Edit hotels to earn 2 cents per point through Points Boost. Instead, our data set of about 150 The Edit hotels showed that in December, it fell from 100% of hotels offering the 2 cents per point value to about 43% retaining the full 2 cents per point redemption value, according to our test searches.
At that time, the average return per point for those 150 test hotels was about 1.8 cents per point. However, it’s still a better redemption value compared to the Chase Travel portal’s flat rate of 1.5 cents per point that was in place for Sapphire Reserve cardholders before the 2025 update. But of course, an average of 1.8 cents per point in exchange is not as good like a constant 2 cents per point.
Changes to Chase Points Boost in 2026
Fast forward to last week. While working on an upcoming article about Points Boost, I noticed that several hotels experienced a pricing change.
Out of curiosity, we checked the rates on the same list of 150 properties we had tracked in December 2025 and, unfortunately, our hunch that another, larger price change had occurred in Points Boost was probably confirmed.
Now, only 27% of those same 150 The Edit hotels offer redemptions at the full rate of 2 cents per point, and the rest at a price of 1.65 cents per point.
| Date | Percentage of hotels at 2 cents per point | Percentage of hotels at 1.65 cents per point | Average value (in cents per point) |
|---|---|---|---|
|
100% |
0% |
2 |
|
|
43% |
57% |
1.8 |
|
|
27% |
73% |
1.7 |
Since this is just a sample data set of 150 hotels clustered in a few major tourist spots, the actual numbers across the portfolio are likely to differ slightly. In fact, a larger data set of Next card shared with TPG showed that 33% of hotels in its data set of 1,104 hotels were in the 2 cents per point value tier before April 23; for the same data set, that figure dropped to just 10% last week.
But the exact percentages or the precise average value per point on The Edit hotels don’t matter much, since the only thing that really matters is how many points it will cost you to book the hotel you want when you want to book it.
In a nutshell
The good news is that despite the decrease in the average value you’ll get from hotels booked through Points Boost, the hotel you want can still be worth the full 2 cents per point. or even more, in selected cases.
And 1.65 cents per point is still a very good return. Not to mention, there’s still all the huge value you can get when you transfer your Ultimate Rewards points to Large selection of Chase hotel and airline partners.
But the flip side of that coin is that if current trends hold, you’re less and less likely to get the full 2 cents per point in huge value using Points Boost with The Edit hotels than you probably would have just a few months ago.
As a result, it’s important to explore all options when planning hotel reservations, as the value you’ll get from your points, especially when using Points Boost, may change once again.
