Chase is doubling The Edit hotel credit on the Sapphire Reserve Business card to $1,000 annually, while capping one bonus spending category.
thats hilarious because TPG/Brian Kelly has touted how great the advertising earnings are, and he's one of the few people impacted by the $1M cap lol
Did you see TPG is ‘beta’ testing comments, again? Only on select articles, though, like their detailed review of Taco Bell’s loyalty program… remember, pro-business toxic-optimist talking points only! *facepalm*
thats hilarious because TPG/Brian Kelly doesn't run their ads anymore. He's just there as a PR sock puppet.
Chase is becoming a master at offering value to their marketing team to promote products without actually offering value to the end users. As you say, they know that these credits are too hard to use and that they basically just take the Edit's inflated prices back down to earth.
They can probably get away with this for a number of years given that Chase is the market-leading bank in the United States. But at some point competition is the great equalizer. Something about when banks compete, you win comes to mind. Let's hope they actually decide to compete.
yeah its very revealing that they keep adding credits unprompted since the refresh a year ago. that almost never happens, yet they keep adding more and more to entice people. clearly the signups arent where they wanted.
Further irony: They launched that beta 'price-match' tool for The Edit, but only for certain users. Like, they know they're price-gauging via that platform. Difficult for them to save-face at this point, but I guess they're sorta, kinda, maybe trying, though, like, not really that hard.
The real value of The Edit isn't the $250. If you stay more than 2-3 nights, the inflated price eats it completely. But if you stay 2 nights, you still probably save $50-$150. Then you also get breakfast for 2 for 2 days, which can be expensive at a nice hotel. You also get $100 credit that can be used for dinner, spa, etc. That is the value in my opinion. Nice breakfast, $100 credit, per night price still slightly lower than booking direct.
Yep, but you can book via Amex FHR or any program like Virtuoso/Marriott Stars/Hyatt Prive etc to get similar or better benefits (eg guaranteed upgrade or guaranteed late checkout vs Edit's "subject to availability).
Also, I don't understand why Edit's selection is so eclectic - it often misses main luxury hotels in a city... A few months ago I looked at Taipei and there was nothing on the Edit list (and all usual suspects were on FHR...).
This and the fact that usually Chase Edit prices are far higher than bookings via other channels, makes this program pretty useless for me. And no, I don't have time to go through price-match after booking.
I don't have the card so I'm not sure how the credits work; does it have to be 4 separate bookings of 2 nights each for it to trigger the full $1000 credit?
lol more unnecessary spend to stay at an overpriced “luxury” hotel that you didn’t really need to stay at, to feel good about using the credits all of which you have to do every 3 months. Good god… no thanks.
So this card got upgraded to meh status for most people.
I would have given it more credit if it was $500 every 6 months or there was no 2 night limit as in FHR. At this point i do not want to pay a massive annual fee to Chase upfront and than put in the work.
4 Edit credits plus 250 IHG and 300 travel credit is great deal. Throw in 2 $50 food gift cards as well. More than twice the cost.
Problem is that a two night stay is required. Many of the CSR benefits overlap with other cards anyway.
We recently had an Edit property, Kimpton Pittman in Dallas, add on a phony $300 charge after check-out, negating use of the Chase credit. The GM wouldn't get back with either us or IHG Corporate in 2 weeks to discuss, but Chase reversed the invoice charge based on their own investigation. This so far has been a one-off for us after multiple Edit stays between 3 Reserve cards (including 1 CSRB) but worth bringing to everyone's attention if this kind of hassle on the back-end is now part of using "curated" Edit properties & Chase benefits.