I think it's premature to reach a conclusion. This may be dynamic pricing, and the redemption rates may fluctuate based on what Chase Travel has to pay for the room nights. If the cost increases they can:

1) Raise the price (in both money and points)
2) Lower the Points Boost redemption rate.
3) Remove the property from The Edit listings (for specific dates)

They can mix these approaches to test how cardholders respond. As always, I think consumers need to assess the value compared to other booking sites and to other comparable properties. That said, what this does is discourage accumulating UR points on the assumption that they will be worth anything greater than $0.01 each.

I just checked, I stayed at Hotel Grand Krasnapolsky in Amsterdam a week ago, and used $250 and the rest was paid with points at 2cpp, now it's 1.65cpp.
Not to mention that the price was $151 higher than booking directly with the hotel itself. Now they completely lost me. Will downgrade to CSP when AF hits.

They can’t really raise the price since comparison shopping is not that hard.

Contractual cost is fixed and doesn’t change dynamically or rapidly. So if Chase feels the cost of the program has increased to the point it’s not sustainable and had to devalue systematically, then I don’t think the conclusions reached here is premature.

The conclusion is that Chase has devalued the points without notice within months of introducing the program and updated the terms/marketing to remove any assigned values. That’s a legitimate concern.

I don't think we know if Chase Travel has contracted at fixed or variable rates. We have seen that some EDIT properties are unavailable on specific dates when the properties are not sold out. Chase Travel may be able to provide more consistent availability by lowering the redemption rates during some periods.

Well, back to the AmEx trifecta for routine spend!

Which is?

I actually moved most of my spend over to Chase due to the 2 cpp points boost on first class airfares and Edit hotel bookings, but that is turning out to be a hoax as Chase quietly and stealthily removes most 2 cpp redemptions. This was predicted but I didn't think it would happen this fast :(.

I did the same, 2cpp on all Edit was compelling! But I’ll switch back to Green for dining and travel (the latter no longer bonused with CSR), BBP for other, and CS Plat for 1.1x cash out - cash and FHR seems to be king.

My assumption is that all Chase UR points are worth at least .02 as that is the minimum value that I receive when transferring them to UA or Hyatt (though i often do better). So I was willing to accept .02 when paying for rooms booked thru The Edit in conjunction with the $250 credit. I am NOT willing to accept .01 or even .015 nor do I plan to pay cash for these inflated rates so if that is the deal then $250 credit becomes worthless to me.

Btw, I would not stay at the Lotte Palace Hotel in NY. I just stayed there in August - total dump like 3 star level with 5-6 star prices.

The Edit is one of the least compelling programs. If this is a further devaluation, I feel sorry for everyone who keeps UR points. I send all mine to Hyatt as soon as I earn them as I trust Hyatt over Dimon.

I might keep CSR as I've found my son can use apple tv and music so that might be worth keeping. We'll see. Before finding apple this week is usable for my kid, I was 99.999% likely to cancel.

It's not IF this is a further devaluation, it 100% already is in effect.

I hope you get use out of other card benefits too because I wouldn't keep it and pay $795 just for the Apple one.

This. My wife and I were debating whether we'd get enough value from having individual cards vs. keeping only my account (+/- her as an AU.. probably not for $195), but this devaluation changes the math considerably. Definitely won't be keeping both cards, and almost certainly won't add her an AU. I have a lot of points to burn off my account, but after that, it's now a toss-up as to whether even I keep the card. Previously it was a definite keeper for me.

Why does this change things so much for me? We do a decent amount of "luxury" travel, and I looked at the 2 cpp guarantee on The Edit as a way to secure good value for the points when either 1) the brand didn't offer transferrable point-based bookings (such as Four Seasons), or 2) when I couldn't get the dates/routings I wanted with a transferrable points-based airfare booking (usually first/business). It allowed me to essentially consider the floor value of UR points at 2cpp, but opt for a higher ceiling via transfer when I could. With that gone, it definitely doesn't make sense to amass UR points for me but rather spread points out among transferrable points currencies (Amex, the free WF Autograph card courtesy of BILT, maybe the BILT 2.0 card, and maybe expanding into Citi - though we're DEN-based, so UA>AA for us).

Don't feel sorry for me. I find Chase UR points to be the most valuable as I often get .03-.04 cpp when transferring to UA or Hyatt. I have a large balance with Amex that I have barely touched as I have a harder time finding useful saver award flights with their partners.

As I have repeatedly noted, the Edit credits are mostly worthless to me, so not a major factor in my decisions regarding Chase products. The lack of value does make it more difficult to "recoup" the full amount of the AF, but the travel and stubhub credits are super easy and largely offset the AF.

FWIW, I just checked Vancouver for an upcoming trip...it's still 2 cpp for the three Fairmonts.


https://cimg5.ibsrv.net/gimg/www.fly...6cb0e244ec.png

Yeah some properties still are, but it's no longer guaranteed. That's the issue here, it was a much touted benefit of the refresh that all Edit stays were guaranteed the 2x points boost. Now it's just "up to 2x".

The CSR Edit "benefit" question
 

First, has anyone stayed at the Sunriver Resor in the Bend area?

Second, from reading the posts, is it correct you can only qualify for The Edit benefit by spending $250.00 on the card and the rest can be paid with points? I find i he Edit requirements unnecessarily confusing.