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This summer, Amtrak announced significant changes to its Guest Rewards program, included revenue-based points earning and vastly different redemption rates. Essentially, all redemptions will be based on the cost of the ticket (and the type of train), come January 24, 2016. Shortly after that announcement, Amtrak shared the news that it would no longer be partnering with Chase on a co-branded credit card — that card will become unavailable as of this Wednesday.

Unfortunately, Amtrak just shared more bad news today. As of December 8, you’ll no longer be able to transfer Ultimate Rewards points to Amtrak. A company representative shared the following on FlyerTalk this morning:

Effective December 8, 2015, the option to transfer points from Chase Ultimate Rewards to Amtrak Guest Rewards® will be discontinued. Eligible Chase Ultimate Rewards customers can transfer points into Amtrak Guest Rewards through December 7, 2015. To see if your Chase card is eligible or to transfer your Chase Ultimate Rewards points to Amtrak Guest Rewards, visit http://www.chase.com/ultimaterewards.

In many cases, it may make sense to move your points over. , and Amtrak points at 2.5 cents each. Once the new rates kick in, you’ll be able to redeem Amtrak points for between 2.5 and 2.9 cents each, depending on the train (2.5 cents for Acela), however prices will be based on prices in the “Value” category or above — deep-discount “Saver” tickets won’t be available for redemptions.

In many cases, it may make sense to move your points over. TPG values Chase points at 2.1 cents apiece, and Amtrak points at 2.5 cents each. Once the new rates kick in, you’ll be able to redeem Amtrak points for between 2.5 and 2.9 cents each, depending on the train (2.5 cents for Acela), however prices will be based on prices in the “Value” category or above — deep-discount “Saver” tickets won’t be available for redemptions.

The good news is that we have a fair amount of notice — you still have 10 weeks to transfer points from Chase to Amtrak, such as those earned with the Sapphire Preferred Card. Additionally, points post instantly, so you could even wait until December 7 to initiate a transfer if you need to.

H/T: FlyerTalk

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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.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel 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
N/A
Regular APR
17.49% - 24.49% 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

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