Chase to Hyatt Transfers Drop to 4:3 on October 1: Lock the 1:1 Rate Before Sept 30

One of the best uses of Chase points gets more expensive on October 1. Chase Ultimate Rewards will transfer to World of Hyatt at 4:3 instead of 1:1 for existing Sapphire Preferred and Ink Business Preferred cardholders, so 100,000 Chase points will become 75,000 Hyatt points, a 25% cut on one of the best transfers in the game.

• What is changing: The Chase to Hyatt transfer ratio falls from 1:1 to 4:3. You get 750 Hyatt points for every 1,000 Chase points instead of 1,000.
• What it costs you: A Hyatt night that runs 15,000 points takes 15,000 Chase points today, but 20,000 Chase points after October 1. Every Hyatt redemption costs you 25% more Chase points once the ratio drops.
• Who and when: If you opened a Sapphire Preferred or Ink Business Preferred before June 15, 2026, you keep 1:1 through September 30, then move to 4:3 on October 1. Anyone who applied on or after June 15 already has 4:3.
• Sapphire Reserve is not affected: Chase Sapphire Reserve and Sapphire Reserve for Business keep the 1:1 transfer to Hyatt, with no change announced. Reserve is now the Chase card to use for Hyatt transfers.
• What to do if you use Hyatt: Move your Chase points to World of Hyatt before September 30 to lock the 1:1 rate. This is a rare case where topping up ahead of a deadline makes sense. Hyatt already completed its 2026 award chart overhaul and its annual category changes back in May, and it does not review categories again until spring 2027, so points you bank now are very unlikely to be devalued again soon. Hyatt also holds some of the strongest redemption value out there.
• The one caution: Transfers are one way, so points cannot move back to Chase. Only bank points into Hyatt if it is a program you actually use.
• How to transfer: In the Chase Ultimate Rewards portal, choose World of Hyatt and move points in 1,000-point increments. Transfers are usually instant. Points already sitting in your Hyatt account are not affected, only the transfer ratio going forward.

Bottom line: If Hyatt is part of how you travel, top up your World of Hyatt balance from Chase before September 30 and lock the 1:1 rate while you still can. Hyatt's chart is stable until spring 2027 and its redemptions are strong, so this is a genuine act-before-the-deadline moment. If Hyatt is not your thing, you can skip it.

Frequently asked questions

Does this affect points already in my World of Hyatt account? No. Points you have already moved to Hyatt keep their value. Only the Chase to Hyatt transfer ratio changes, and only going forward.

Which Chase cards are affected? Sapphire Preferred and Ink Business Preferred. Chase Sapphire Reserve and Sapphire Reserve for Business keep the 1:1 ratio.

Should I transfer points now even without a booking? Only if Hyatt is a program you actually use. Hyatt completed its 2026 devaluation in May and does not change categories again until spring 2027, so banking points now is low risk, but transfers are one way and cannot be reversed.

How do I transfer Chase points to Hyatt? In the Chase Ultimate Rewards portal, select World of Hyatt and transfer in 1,000-point increments. Transfers are usually instant.

Does this change the World of Hyatt credit card? No. That card earns Hyatt points directly, so it is not affected by the transfer ratio change.