Chase Sapphire Reserve $500 Hotel Credit With The Edit: How It Works

The Chase Sapphire Reserve will shortly be undergoing a full refresh. The card’s annual fee is increasing to $795, but the card is also getting a slew of new benefits. On top of that, we’re going to see the launch of the new Chase Sapphire Reserve Business.

Among other things, both of these cards will offer up to $500 in annual hotel credits, valid with The Edit by Chase Travel. In this post, I want to take a closer look at how that works, as there’s a bit of nuance to using these credits, and some hoops to jump through.

What is the Chase Sapphire Reserve $500 hotel credit?

With its refresh, the Chase Sapphire Reserve will offer up to $500 in hotel credits annually. Note that this benefit applies as of June 23, 2025, for new cardmembers, and as of October 26, 2025, for existing cardmembers. On top of that, this same benefit applies on the new Chase Sapphire Reserve Business.

So, how will this benefit work, exactly? In total, the card will offer up to $500 in statement credits annually for prepaid bookings made via The Edit by Chase Travel:

• The card will offer an up to $250 statement credit semi-annually, once in January through June, and once in July through December
• The credit can only be used on stays of two nights or more, when using the “Pay Now” feature
• The credit can be used by the primary cardmember or authorized users, though authorized users don’t get extra credits
• You don’t earn points for the portion of the stay covered with the credit
• It can take six to eight weeks for statement credits to appear on billing statements

What is The Edit by Chase Travel?

The Edit by Chase Travel is essentially Chase’s luxury hotel program, currently consisting of over 1,000 properties around the globe. Think of this as being Chase’s equivalent of Amex Fine Hotels + Resorts®. Why would you want to book through The Edit by Chase Travel?

For one, eligible bookings with The Edit by Chase Travel come with extra perks, including daily breakfast for two, a $100 property credit once per stay, a room upgrade subject to availability, and early check-in and late check-out subject to availability. Nowadays there are all kinds of luxury hotel programs out there, not just with credit card issuers, but also otherwise (like Virtuoso).

Generally speaking, hotel rates through The Edit by Chase Travel should be similar to the “best available” rates you’ll find directly with a hotel. To be clear, I put that in quotes because I’m talking about the flexible rate (often marketed as the “best available), and that doesn’t include member rates, AAA rates, senior rates, etc. So in many situations, you may find cheaper rates elsewhere, but there are also valuable perks.

Note that if you’re booking a property that belongs to a major global hotel loyalty program through The Edit by Chase Travel, you’ll typically still earn points with that loyalty program.

There are a couple of other things that might make The Edit by Chase Travel interesting:

• With the Chase Sapphire Reserve changes, you can earn 8x points on eligible spending with The Edit by Chase Travel
• With the new Chase Sapphire Reserve Points Boost feature, you can redeem Ultimate Rewards points for 2.0 cents each toward hotel stays belonging to The Edit by Chase Travel

How useful is this Chase Sapphire Reserve hotel credit?

To start, I think it’s worth discussing the economics at play here. All the major credit card companies are trying to grow their volume of travel bookings, and essentially take on the traditional online travel agencies. There’s a lot of money to be made, given that these companies can get a commission on hotel bookings.

So the incentives here are clear. Chase will give a $250 credit twice per year, each valid toward a booking of at least two nights. Presumably Chase hopes this will influence behavior, and get people to book their luxury hotels this way. If you end up booking a stay that costs $500, Chase probably won’t come out ahead, while if you end up booking a stay that costs $10,000, Chase comes out way ahead. Makes sense, right?

With that in mind, is using The Edit by Chase Travel worth it, and is it worth using the $250 credit? As you’d expect, the answer is “it depends.” The pricing of the 1,000+ hotels belonging to the collection are all over the place, though generally, they’re priced at the high end of the market. That’s not to say that there aren’t deals to be had, though.

For example, want to spend two nights at the Taj Dubai in August? It’s bookable for just $125 per night plus taxes and fees, so comes out to a total of $311. You could then use the $250 credit, and end up spending just $61. Of course that’s a great deal, but that requires wanting to go to Dubai in August, and wanting to stay at this hotel.

Conversely, if you were to book a two night stay at Cheval Blanc Paris, that would cost $2,422 per night, or $4,844 for two nights. So while $250 in savings is nice, we’re talking about a return of under 5%, which isn’t exactly massive. For that matter, you could get better benefits booking the same hotel through Virtuoso. In addition to The Edit by Chase Travel perks, you’d also receive roundtrip transfers to the airport, with a meet & greet service. To many people, that’s worth way more than the savings.

Personally, I’d put this benefit in the category of “worth being aware of,” though I wouldn’t really add this perk to my math on deciding whether or not this card makes sense. Instead, I view this more as a creative way for Chase to increase its market share in the luxury travel space, and this is a smart incentive for encouraging that.

Of course you should always compare rates across booking platforms, and not assume that you’re getting the best overall deal just because you’re getting a $250 statement credit.

Bottom line

The Chase Sapphire Reserve is getting a new $500 annual hotel credit, in the form of a semi-annual $250 credit for prepaid bookings with The Edit by Chase Travel. This perk is obviously intended to increase interest in Chase’s luxury hotel collection, which is a smart thing for Chase to incentivize.

I think this benefit is worth being aware of, though personally, I wouldn’t necessarily place a large dollar amount value on this. Overall, I’m sure The Edit by Chase Travel will be getting a lot more attention, between the 8x points on cash bookings, and the ability to redeem points for 2.0 cents each toward hotel stays.

Just keep in mind that The Edit by Chase Travel currently only has a little over 1,000 hotels, so it’s primarily going to be pricey luxury hotels (with some good deals to be had as well).

What do you make of the Sapphire Reserve $500 hotel credit?