# Chase Sapphire Preferred Cuts Hyatt Transfer Ratio to 4:3, Sunsets Anniversary Bonus

_Jun 10 12:17_

Tags: World of Hyatt, Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Sapphire Reserve for Business, Ink Business Preferred, Chase, loyalty program, policy change, hotel, credit card

Chase Sapphire Preferred will change its World of Hyatt transfer ratio from 1:1 to 4:3 effective Oct. 1, 2026 (immediately for new applicants from June 15). The card also sunsets its 10% anniversary points bonus

## Summary

Chase is implementing two key changes to the Chase Sapphire Preferred card. First, the point transfer ratio to World of Hyatt is changing from 1:1 to 4:3. This means 40,000 Chase points will yield 30,000 Hyatt points. The change takes effect Oct. 1, 2026, for existing cardholders, but immediately for new applicants on or after June 15, 2026. This also applies to Ink Business Preferred, legacy Ink Plus, and legacy Corporate Flex cards. Sapphire Reserve and Sapphire Reserve for Business retain their 1:1 ratio. Second, the 10% anniversary points bonus on spending is being sunsetted, effective immediately for new applicants from June 15, 2026

Sources add:
• One Mile at a Time: Big Chase Sapphire Preferred Card Changes Unveiled: They're A Mixed Bag The credit card space is incredibly competitive, and nowadays we see card changes with a frequency that’s much higher than in the past

## Why it matters

Relevant for World of Hyatt elites and award redeemers. Card-issuer angle via Chase.

## What each source adds

- **One Mile at a Time**: Big Chase Sapphire Preferred Card Changes Unveiled: They're A Mixed Bag The credit card space is incredibly competitive, and nowadays we see card changes with a frequency that’s much higher than in the past

## Sources cited

- [The Points Guy](https://thepointsguy.com/news/chase-sapphire-preferred-refresh-2026) — Chase Sapphire Preferred adds new perks and bonus categories, cuts Hyatt transfer ratio
- [One Mile at a Time](https://onemileatatime.com/news/chase-sapphire-preferred-changes) — Big Chase Sapphire Preferred Card Changes Unveiled: They’re A Mixed Bag

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- [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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