Replace 10/22/25: Reminder to switch all of your factors over to the Sapphire Reserve card to lock in for 2 years the 1.5% redemption possibility. You’ll even have the two% redemption possibility by way of Factors Enhance as nicely. When you don’t have Sapphire Reserve, you would possibly need to switch factors to Sapphire Most well-liked or INK Most well-liked. Consider, you’ll ideally need the factors transferred onto on a card which you propose on retaining for the subsequent couple of years. 

Observe-up Publish: Utilizing Chase Sapphire Reserve $250 ‘The Edit’ Credit score & $300 Journey Credit score & Factors Enhance

Replace 6/24/25: Just a few issues we’ve mentioned beneath have been verified by Chase media staff (ht to Dansdeals):

• When redeeming factors after October 26, 2025, you won’t be able to decide on which factors get used up. The factors can be used up with a first-in-first-out system, no matter what they’re redeemed for. (E.g. You’ve gotten one bucket of 100k factors which have the 1.5 redemption means and one other 100k which don’t. You switch 100k factors to Hyatt. You received’t have any factors with the 1.5 redemption means anymore for the reason that 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 means till October 2027.
• Playing cards which can 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 means.

Replace 6/23/25: That is now dwell. Evidently 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

Authentic Publish:

Chase is touting a brand new ‘Factors Enhance’ function which is able to permit Sapphire Reserve cardholders to redeem Final Rewards factors by way of the Chase Journey Portal at a redemption charge of as much as 2% (2 cents per level).

Extra notably, to me, is that the financial institution can also be sunsetting the fastened 1.5% redemption charge that Sapphire Reserve cardholders loved on all journey booked by way of the Chase Journey Portal. Beginning late October 2025, you’ll have the ability to: 1) redeem for money at 1%, 2) switch to journey companions, or 3) ebook journey by way of the Chase Journey Portal at a redemption charge of someplace between 1-2%. (PYB is mentioned beneath.) There’ll not be a dependable 1.5% cashout technique with the Sapphire Reserve card.

Equally, Chase Sapphire Most well-liked could have its 1.25% fastened redemption charge eliminated. The Chase Sapphire Most well-liked, INK Most well-liked, and INK Plus playing cards will get a Factors Enhance redemption possibility with the worth of as much as 1.5% on choose lodges and flights, and as much as 1.75% on choose premium cabin flights.

These adjustments 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 hold the fastened 1.5% redemption worth possibility for 2 years by way of October 25, 2027. You’ll additionally get the higher 2% Factors Enhance redemption possibility, when obtainable. The system will robotically provide the higher redemption charge. This function will kick in instantly on June 23, 2025.
  • For factors earned October 26, 2025 and onward you’ll solely have 1-2% variable ‘Factors Enhance’ redemption charge.
• New cardholders who apply on June 23, 2025 or past received’t have the 1.5% function in any respect. They may instantly have simply the 1-2% Factors Enhance redemption possibility.

One level which individuals are asking about is how this may work for factors transferred and for product adjustments. My guess is that somebody who product adjustments to the Sapphire Reserve earlier than June 23, 2025 will get their whole factors stability locked in by way of 2027 with the 1.5 redemption possibility. Likewise, somebody who has an present Sapphire Reserve card and so they obtain a factors switch from a family member by October 25, 2025, my guess is that they’ll hold the 1.5% redemption possibility by way of 2027 as it is going to be bucketed together with factors earned. These are simply guesses.

The opposite query I’m wondering about: what in regards to the Pay Your self Again function? Chase mainly 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 function will stay, and we’ll at the very least have a reasonably dependable 1.25% cashout technique as a ground on Final Rewards factors worth.