Chase no longer issues the co-brand Amtrak credit card. Alongside Amtrak’s new revenue-based loyalty program comes a new co-brand credit card partner, Bank of America. Here are details of the new Amtrak credit cards.
Under the new program points are worth 2.5 to 2.9 cents apiece… kind of. That’s less than a 6% rebate for paid Amtrak travel, but represents good value for points transfers or credit card earning.
Last month both Chase and Amtrak said that Ultimate Rewards points would continue to transfer to Amtrak “until further notice” which I took to mean that such transfers would indeed be ending. (Amtrak did use different language regarding transfers from Starwood, saying those ‘would not be impacted’ at this time.)
I also tend to think that if you’re interested in using Chase points with Amtrak, it might be worth proactively transferring some. I won’t be doing that, but I could imagine some will want to.
We now know that December 7 is the last day to transfer points from Chase to Amtrak. December 8 it will no longer be possible. According to Amtrak,
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.
I don’t view this as a great loss for the Ultimate Rewards program. I’ve never used the option, and far prefer transfers to Singapore Airlines, Korean Air, United, and Hyatt.
But for those that used the transfer options it’s a loss (December 7 will be a day that lives in infamy?). And I’m hoping that Chase sees it as a loss, such that:
- They’re wary of making any other cutbacks to their premium Ultimate Rewards cards
- They feel the need to aggressively go after another transfer partner