Chase Hyatt Transfer Ratio Cut to 4:3 for Select Cards
Chase has officially devalued transfers to World of Hyatt, one of its most valuable transfer partners. Ultimate Rewards points will transfer to Hyatt at a 4:3 ratio, replacing the long-standing 1:1 transfer ratio. This change applies to Chase Sapphire Preferred and Ink Business Preferred credit cards.
The change goes into effect immediately for those who apply for one of these cards on or after June 15, 2026. For those who already have the card, or apply before that date, the new transfer ratio will go into effect on October 1, 2026.
The change means that cardholders will now receive fewer Hyatt points when transferring Ultimate Rewards points, reducing the value of one of Chase’s most popular redemption options.
What Changed?
For years, Chase Ultimate Rewards points transferred to World of Hyatt at a 1:1 ratio, meaning 1,000 Chase points became 1,000 Hyatt points.
Under the new transfer ratio:
- 1,000 Chase points = 750 Hyatt points
The new 4:3 ratio effectively represents a 25% reduction in the number of Hyatt points received from Ultimate Rewards transfers. Hyatt has long been considered the most valuable hotel transfer partner in the Chase ecosystem thanks to its award chart (which also had a devaluation of its own) and somewhat reasonable redemption rates. For many, Ultimate Rewards points would exclusively be used for Hyatt stays. And that will now surely change.
Guru’s Wrap-up
This is disappointing news for Chase Sapphire Preferred and Ink Business Preferred cardholders. Hyatt has consistently been viewed as the best hotel transfer partner available through Ultimate Rewards, and a move from a 1:1 ratio to 4:3 significantly reduces the value if you only have one of those two cards.
You will now need one of the high end cards such as Sapphire Reserve (150K bonus ending soon) and Sapphire Reserve for Business, in order to get 1:1 transfers. Those cards come with a $795 annual fee. So you will either have to apply, or maybe just upgrade temporarily to do a 1:1 transfer.
If you’re planning a Hyatt redemption, it’s worth paying closer attention to the numbers and comparing alternatives such as paying cash or booking through Chase Travel.
