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Just last week, we reported on a new Amtrak Guest Rewards program that goes into effect January 24, 2016. After that date, you’ll still qualify for status using Tier Qualifying Points (TQPs), but the way you earn redeemable miles will change significantly – and as you could have guessed, the odds are not in your favor.
Today, sorry to say, we’ve got more bad news for you: As of September 30, Amtrak and Chase are severing their credit card partnership. As to what card members can expect after that date, Anthony Rizos, Amtrak’s Director of Member Experience Solutions, posted this on FlyerTalk:
After September 30, your account will be replaced with a Chase Freedom card and you will begin to earn points on your Chase Freedom Account. If you have an eligible Chase Card with Ultimate Rewards, you can continue to transfer points to Amtrak Guest Rewards until further notice.
It looks like Ultimate Rewards transfers are not yet on the partnership chopping block, but it’s pretty safe to speculate that changes will be coming there, too – and again, not for the better. So if you have plans to redeem for Amtrak travel, move those points over now.
You can currently transfer points from Chase Ultimate Rewards at a 1:1 rate, so the 40,000 bonus points you’ll earn after spending $4,000 in the first three months with the Chase Sapphire Preferred Card will get you $1,159 in value under the new program.
H/T: Points with a Crew
Chase Sapphire Preferred® Card
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||See Issuer's Terms||Introductory Annual Fee of $0 the first year, then $95||0%||Excellent Credit|