{"id":245404,"date":"2026-06-10T12:00:15","date_gmt":"2026-06-10T12:00:15","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/06\/10\/chase-sapphire-preferred-cuts-hyatt-transfer-value-adds-new-perks-the-points-guy\/"},"modified":"2026-06-10T12:00:15","modified_gmt":"2026-06-10T12:00:15","slug":"chase-sapphire-preferred-cuts-hyatt-transfer-value-adds-new-perks-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/06\/10\/chase-sapphire-preferred-cuts-hyatt-transfer-value-adds-new-perks-the-points-guy\/","title":{"rendered":"Chase Sapphire Preferred cuts Hyatt transfer value, adds new perks – The Points Guy"},"content":{"rendered":"


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After weeks of rumors, it’s official. Changes are coming to the Chase Sapphire Preferred\u00ae Card<\/a><\/span> (see rates and fees<\/a><\/span>) \u2014 including a negative one pertaining to Hyatt point transfers<\/a><\/span>.<\/p>\n

And while the Hyatt news is undeniably bad for some travelers, most of the update is refreshingly positive. Plus, existing cardholders have some time before the changes kick in.<\/p>\n

There’s a lot to unpack, so here’s what’s happening with the Chase Sapphire Preferred.<\/p>\n

Chase is changing Sapphire Preferred point transfer ratios to Hyatt<\/h2>\n

One of the biggest strengths of Chase Ultimate Rewards points<\/a><\/span> has long been the program’s simple 1:1 transfer ratios to its 14 hotel and airline partners<\/a><\/span>.<\/p>\n

But now, Chase is changing the transfer ratio to the World of Hyatt program from 1:1 to 4:3 for Sapphire Preferred cardmembers.<\/p>\n

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Park Hyatt Kuala Lumpur. ERIC ROSEN\/THE POINTS GUY<\/figcaption><\/figure>\n

In practical terms, this means transferring 40,000 Chase points to Hyatt will yield just 30,000 Hyatt points instead of 40,000. That’s a significant devaluation for travelers who regularly transfer the points from their Sapphire Preferred to Hyatt.<\/p>\n

The good news? Current Chase Sapphire Preferred cardholders won’t experience this change until Oct. 1, 2026. New cardholders who apply on or after June 15, 2026 will see the new ratio effective immediately.<\/p>\n

This change also applies to the Ink Business Preferred\u00ae Credit Card<\/a><\/span> (see rates and fees<\/a><\/span>), the legacy Chase Ink Plus and the legacy Corporate Flex card.<\/p>\n

No planned transfer ratio changes for Sapphire Reserve cardholders<\/h3>\n

For those who frequently transfer their Chase points to World of Hyatt, a silver lining from today’s announcements is that the 1:1 ratio remains intact for Chase Sapphire Reserve\u00ae<\/a><\/span> (see rates and fees<\/a><\/span>) and Chase Sapphire Reserve for Business\u2120<\/a><\/span> (see rates and fees<\/a><\/span>) cardholders.<\/p>\n

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Chase shared with TPG that “there are no planned changes to transfers from the Sapphire Reserve at this time.”<\/p>\n

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TANNER SAUNDERS\/THE POINTS GUY<\/figcaption><\/figure>\n

If this transfer change is particularly painful for your travel style, you may want to consider the Sapphire Reserve now.<\/p>\n

In fact, due to a relatively recent change in card eligibility rules<\/a><\/span>, having the Sapphire Preferred does not automatically disqualify you from getting the Sapphire Reserve and its bonus.<\/p>\n

And travelers considering the jump should note that the Sapphire Reserve is currently offering its highest-ever public welcome bonus<\/a><\/span> of 150,000 points after spending $6,000 on purchases in the first three months from account opening.<\/p>\n

Related: Am I eligible for the Chase Sapphire Reserve’s 150,000-point bonus?<\/a><\/span><\/strong><\/p>\n

10% points anniversary bonus is ending<\/h2>\n

The Sapphire Preferred’s 10% anniversary points bonus, which awarded cardholders a 10% points bonus on their spending each year, will be sunsetted. This essentially added 0.1 points per dollar spent on the card.<\/p>\n

For many cardholders, this perk likely sounded more valuable than it actually was. Even if you put $50,000 per year on the card, that would only amount to 5,000 bonus points.<\/p>\n

This will be effective immediately for those who apply on or after June 15, 2026. If you applied before that date, purchases through Oct. 1, 2026 will continue to count toward your final 10% anniversary bonus \u2014 which will be deposited by Jan. 2027.<\/p>\n

Chase Sapphire Preferred card adds new bonus categories<\/h2>\n

The Sapphire Preferred<\/a><\/span> is getting some new bonus categories.<\/p>\n

Starting June 15, 2026, new and existing cardholders will earn 3 points per dollar on purchases at:<\/p>\n