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One of the darling partnerships we talk about so much is between Chase Ultimate Rewards and World of Hyatt. While Chase points have plenty of excellent uses, one of the most valuable is transferring Chase points to Hyatt.
While this partnership isn't going anywhere anytime soon, it's about to lose a little bit of its luster. Chase just announced that select cardholders will soon no longer be able to take advantage of a 1:1 transfer ratio.
Here's when this devaluation takes effect, which cards are impacted, and how to preserve 1:1 transfers once it does.
Which Chase Cards Are Affected?
This negative change will affect two Chase cards that are currently open to new cardholders: the Chase Sapphire Preferred® Card (Rates & Fees) and Ink Business Preferred® Credit Card (Rates & Fees). However, the timelines differ slightly.
Here's the high-level timeline for when each card's transfer ratio will drop from 1:1 to 4:3.
- Chase Sapphire Preferred® Card
- New cardmembers approved on or after June 15, 2026, will receive the new 4:3 transfer ratio immediately.
- Existing cardmembers and those approved before June 15, 2026, will receive the new 4:3 transfer ratio starting October 1, 2026.
- Ink Business Preferred® Credit Card
- New cardmembers approved on or after October 1, 2026, will receive the new 4:3 transfer ratio immediately.
- Existing cardmembers and those approved before October 1, 2026, will receive the new 4:3 transfer ratio starting October 1, 2026.
Just so you can see it on paper, a 4:3 transfer ratio means you'll receive 750 World of Hyatt points for every 1,000 Chase points you transfer. A 25% devaluation hurts. There's really no way around that.
How to Keep 1:1 Hyatt Transfers
Thankfully, it's not all bad news.
For starters, Chase will preserve the 1:1 transfer ratio for its premium cards, including the Chase Sapphire Reserve® (Rates & Fees) and Sapphire Reserve for Business℠ (Rates & Fees).
If you have one of these cards in your wallet, you won't need to worry about the move to a 4:3 transfer ratio. Your ability to transfer points to Hyatt at a 1:1 ratio isn't going anywhere.
If you don't currently have a premium Chase card and the 1:1 Hyatt transfer ratio is something you don't want to lose, you might consider adding one of these cards to your wallet. That's especially relevant now that Chase has amended its application rules, allowing eligible cardholders to have both the Sapphire Preferred and Sapphire Reserve at the same time.
$795Rates & Fees
- 8x points on all purchases through Chase Travel℠
- 4x points on flights and hotels booked directly
- 3x points on dining worldwide
- 1x points on all other purchases
$795Rates & Fees
- 8X points on all Chase Travel℠ purchases
- 5X total points on eligible Lyft rides through 9/30/2027
- 4x points on flights and hotels booked directly
- 3x points on advertising purchases made with social media platforms and search engines
- 1 point per dollar on all other eligible purchases
Alternatively, if you aren't currently a Sapphire Preferred or Ink Preferred cardholder and don't have plans to snag a premium card but want to take advantage of the 1:1 transfer ratio through October 1, 2026, you may want to apply sooner rather than later.
That means applying before June 15, 2026, for the Sapphire Preferred and well before October 1, 2026, for the Ink Preferred.
$95Rates & Fees
- 5X points on Lyft rides through September 2027
- 5X points on travel purchased through Chase Travel℠
- 3X points on dining at restaurants worldwide
- 3X points on eligible streaming services
- 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
- 2X points on all other travel
- 1X point per dollar spent on all other purchases
$95Rates & Fees
- 3X points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year
- 1X point per $1 on all other purchases
Related: Chase Transfer Partners: A Complete Guide to the Best Way to Redeem Ultimate Rewards
Bottom Line
It seems all good things eventually come to an end. Chase is taking a bite out of the World of Hyatt transfer ratio on two popular rewards cards, dropping it from 1:1 to 4:3.
To put it bluntly, this sucks. And more so, this devaluation is coming in the wake of Hyatt's recent award chart changes. Now, cardholders are looking at a future where Hyatt stays cost more points and transferring Chase points to Hyatt requires more points, too. Nope, don't like that at all.
If there's any silver lining, it's that impacted cardholders still have time to preserve access to 1:1 transfers. Sapphire Preferred applicants approved before June 15, 2026, and existing cardholders can continue transferring at a 1:1 ratio until October 1, 2026. Likewise, Ink Preferred cardholders — and new applicants approved before October 1, 2026 — can continue making 1:1 transfers until that date.
While we appreciate the advance notice, we're hoping this doesn't become the blueprint for future transfer partner devaluations. Is this an incentive to add a premium Chase card to your wallet? Sure. But if that's the strategy, it's a frustrating one.
For rates and fees of the cards mentioned in this post, please visit the following links: Chase Sapphire Preferred® Card (Rates & Fees), Ink Business Preferred® Credit Card (Rates & Fees), Chase Sapphire Reserve® (Rates & Fees), and Sapphire Reserve for Business℠ (Rates & Fees)
