# Chase Reduces Chase-to-Hyatt Transfer Ratio to 4:3 for Sapphire Preferred Cardholders

_Jun 22 19:00_

Tags: Hyatt, World of Hyatt, Chase Ultimate Rewards, Chase Sapphire Preferred, Chase Sapphire Preferred Card, Ink Business Preferred, Chase, loyalty program, policy change, hotel

Chase is lowering the transfer ratio from Chase Ultimate Rewards to World of Hyatt from 1:1 to 4:3 for Chase Sapphire Preferred Card holders. Existing cardholders see the change on Oct 1, while new applicants since June 15 are already affected

## Summary

Chase is reducing the transfer ratio between Chase Ultimate Rewards and World of Hyatt for select cardholders, specifically impacting the Chase Sapphire Preferred Card. **The Change:**
* **New Ratio:** 4:3 (4 Chase points = 3 Hyatt points).
* **Effective Date:** For cardholders who applied on or after June 15, 2026, the reduced ratio is already in effect. For those who applied before June 15, the 1:1 ratio continues until **October 1, 2026**, when it drops to 4:3. **Impact on Redemptions:**
* A 30,000-point Hyatt award now requires 40,000 Chase points instead of 30,000.
* The additional 10,000 Chase points are valued at approximately $205 based on TPG's June 2026 valuations.
* Even small redemptions are affected; for example, a 4,500-point Hyatt Place stay requires 6,000 Chase points (transferring in 1,000-point increments) rather than 5,000. This change makes Hyatt awards more expensive for Sapphire Preferred holders compared to those with the 1:1 ratio (typically Sapphire Reserve or Premier Plus holders)

Sources add:
• Miles to Memories: What's Chase Thinking?

## Why it matters

Spans 2 hotel programs (Hyatt, World of Hyatt). Card-issuer angle via Chase. Likely a devaluation — book before any cutoff if applicable.

## What each source adds

- **Miles to Memories**: What's Chase Thinking?

## Sources cited

- [The Points Guy](https://thepointsguy.com/credit-cards/sapphire-preferred-spending-hyatt-reduced-transfer-ratio) — How much more will Chase Sapphire Preferred Card holders need to spend for the same Hyatt stays?
- [Miles to Memories](https://milestomemories.com/hyatt-transfer-devaluation) — What the Hyatt Is Chase Thinking?

## Related signals

- [Chase adds 70% to Ultimate Rewards transfers to Marriott to Oct 15](https://thetravelsignal.com/s/chase-ultimate-rewards-to-marriott-bonvoy-70-transfer-bonus-through-october-15-2.md)
- [Chase cuts Preferred and Ink Hyatt transfers to 4:3 on Oct. 1, 2026](https://thetravelsignal.com/s/last-call-for-1-1-hyatt-transfers-for-select-chase-cardholders-should-you-conver.md)
- [Chase devalues Hyatt transfers 25% for Preferred cards on October 1](https://thetravelsignal.com/s/last-call-chase-ultimate-rewards-to-world-of-hyatt-transfer-devaluation-on-octob.md)
- [Targeted: $250 Chase credit for $1,000 Alila or Miraval stays](https://thetravelsignal.com/s/chase-offer-for-sapphire-reserve-cardholders-get-up-to-25-back-at-alila-and-mira.md)
- [Chase cuts Hyatt transfers from 1:1 to 4:3 on Oct. 1, 2026](https://thetravelsignal.com/s/should-you-transfer-chase-points-to-hyatt-before-oct-1-heres-how-im-deciding-wha.md)

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