This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

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.

An Amtrak conductor waving goodbye to all of your accumulated points. Joseph Sohm /
An Amtrak conductor waving goodbye to all of your accumulated points. Joseph Sohm /

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

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

The Points Guy Assessment:

The Chase Sapphire Preferred is a great pick for the beginner and the frequent traveler. The CSP has superb travel benefits, double points on certain purchases, and a 50,000 point sign up bonus. The $95 annual fee is waived the first year so this puts it as one of the less expensive cards, while still allowing you to earn one of the most valuable point currencies.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
17.74% - 24.74% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.