Brutal! Chase Torpedoes Hyatt’s Transfer Rate On Their Most Popular Cards

Chase To Hyatt Transfer Ratio Devalued

Oh, Chase – what the heck are you doing? The once crowned jewel, put them up on the tallest of pedestals and no doubt about it best points in the business just keeps winning the race to the bottom. That has never been more clear than after the news that the Chase to Hyatt transfer ratio devalued. At least on some of their most popular cards. News flash! Hyatt already did that for you!! If Hyatt is trying to charge you more for their points then they are gaslighting you to the moon. Otherwise, this is just a cost cutting adventure that is trying to drive people to your wildly underperforming (since the refresh at least) flagship card. Let’s get into it.

Transfer Rates To Hyatt Are Changing For Some Cards

The most carried cards in the Chase ecosystem are the ones that are getting hit here. Here are the details on how the Chase to Hyatt transfer ratio is being devalued:

• Chase Sapphire Preferred
  • 1,000 Ultimate Rewards -> 750 World of Hyatt Points
    • This is an immediate change for anyone approved for the Sapphire Preferred on or after June 15, 2026.
    • Current cardholders, and anyone approved before June 15, 2026, will see this change go into effect starting October 1, 2026.
• Ink Business Preferred (Legacy Ink Plus & Corporate Flex Cards Too)
  • 1,000 Ultimate Rewards -> 750 World of Hyatt Points
    • This will be a change for everyone with the card on October 1, 2026.

It is nice that they are giving people a bit more of a heads up for new Ink Business Preferred applications. The Sapphire Preferred changes are likely in place to force applications over the next few days with the card’s refresh (next article). They don’t want to see lukewarm numbers for a second consecutive refresh now, do they.

This Change Adds Value To The Sapphire Reserve Card(s)

With this announcement, there is one thing that isn’t changing – the Chase to Hyatt transfer ratio with the Sapphire Reserve & Sapphire Reserve Business cards. Those will remain at a 1 to 1 ratio.

This reminds me of what we were talking about with the Atmos Summit card’s partner award booking on yesterday’s podcast. Alaska Airlines is raising the fee for partner awards from $12.50 to $20 per person each way. Their new Atmos Summit card waives that fee completely. They created a product that solves a problem, but a problem they created themselves!

This change to the Chase and World of Hyatt partnership feels similar. They made their most premium cards more valuable, but they did it at a cost to their more popular card. In the ever brilliant words of Dodgeball: It’s a bold strategy, Cotton. Let’s see if it pays off for ’em.

Chase To Hyatt Transfer Ratio Devalued: Final Thoughts

This is a sad day, a day we had hoped would never come. The fact that it comes on the heels of World of Hyatt dropping a massive devaluation on us is just salt in the wound.

I really don’t get the thinking by Chase here, outside of wanting to drive more people to the Sapphire Reserve cards (with an increased 150K offer right now). You are doing it at the cost of your most recognizable card product though. The one that really started everything for you in this space.

This is after you have lacked any type of creativity in the program for a decade or more. No, Wyndham doesn’t count! You have lost so much over the last 10 years and done nothing about it. Not to mention that ever major partner you do have has raced to the 1 cent per point bottom. You didn’t even leave the travel portal or pay yourself back options alone for us. Your program is coming closer and closer to a cash back product. Maybe Chase is banking on it not mattering much to the general public. Therein lies the rub…

Let me know your thoughts down below, or over in the MTM Facebook Group.