# Chase Devalues Ultimate Rewards to World of Hyatt Transfers by 25%

_Jun 10 12:44_

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

Chase is reducing the transfer ratio from Ultimate Rewards to World of Hyatt from 1:1 to 4:3 for Sapphire Preferred and Ink Business Preferred cards, effective October 1, 2026

## Summary

Chase is devaluing the transfer of Ultimate Rewards points to World of Hyatt for two specific card products. The standard 1:1 conversion ratio will change to 4:3 (meaning you get 0.75 Hyatt points for every 1 UR point). **Affected Cards:**
* Chase Sapphire Preferred
* Ink Business Preferred **Effective Dates:**
* **Sapphire Preferred:** Effective immediately for new cardmembers who apply on or after June 15, 2026. For existing cardmembers who applied prior to June 15, 2026, the change takes effect on October 1, 2026.
* **Ink Business Preferred:** Effective October 1, 2026, for both existing and new cardmembers. This devaluation makes transferring UR points to Hyatt less attractive compared to the previous parity, impacting the value proposition for cardholders who rely on this transfer path for hotel stays

## Why it matters

Spans 3 hotel programs (IHG One Rewards, Marriott Bonvoy, World of Hyatt). Card-issuer angle via Chase. Likely a devaluation — book before any cutoff if applicable.

## Sources cited

- [LoyaltyLobby](https://loyaltylobby.com/2026/06/10/chase-ultimate-rewards-to-world-of-hyatt-conversions-devalued-by-25-on-october-1-2026-2-cards?omhide=true) — Chase Ultimate Rewards To World Of Hyatt Conversions Devalued By 25% On October 1, 2026 (2 Cards)

## 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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