# Chase cuts Preferred and Ink Hyatt transfers to 4:3 on Oct. 1, 2026

_Sep 28 19:00_

Tags: Chase, World of Hyatt, hotel, credit card

Type: Program change

## Summary

Ultimate Rewards transfers to World of Hyatt fall from 1:1 to 4:3 on October 1, 2026 for Sapphire Preferred and Ink Business Preferred accounts. Sapphire Reserve and Sapphire Reserve for Business continue to transfer at 1:1.

A balance of 100,000 Ultimate Rewards will convert to 75,000 Hyatt points rather than 100,000. The same Hyatt award will cost 33% more Chase points, so 60,000 Hyatt points will require 80,000 Ultimate Rewards. The Points Guy says Sapphire Preferred cards opened before June 15 are among those affected. September 30, 2026 is the last day to transfer at 1:1 on those cards.

Points sent to Hyatt cannot come back to Chase. Transfer only with a Hyatt stay already planned; otherwise keep the points in Ultimate Rewards or combine them into a Sapphire Reserve.

## Key facts

- **Starts**: Oct 1, 2026
- **Ends**: Sep 30, 2026
- **Numbers**:
  - 1:1 ratio: current Ultimate Rewards to World of Hyatt transfer ratio
  - 4:3 ratio: new Ultimate Rewards to World of Hyatt transfer ratio
  - 25%: reduction in Hyatt points received per Ultimate Rewards point
  - 100,000 points: example Ultimate Rewards balance before the ratio change
  - 75,000 points: Hyatt points received from 100,000 Ultimate Rewards after the 4:3 ratio
  - 33%: extra Chase points needed for the same Hyatt award after the change
  - 80,000 points: Chase points needed for 60,000 Hyatt points at 4:3
  - 24 months: Hyatt points inactivity expiration
- **Who qualifies**: Chase Sapphire Preferred and Ink Business Preferred cardholders lose 1:1 transfers; The Points Guy says Sapphire Preferred accounts opened before June 15 are affected. Sapphire Reserve and Sapphire Reserve for Business keep 1:1.
- **Takeaway**: Transfer to Hyatt by September 30, 2026 only if you have a planned redemption; otherwise keep points in Ultimate Rewards or pool them to a Sapphire Reserve.

## Sources cited

- [AwardWallet Blog](https://awardwallet.com/news/chase-ultimate-rewards/hyatt-transfer-ratio-last-call) — Last Call for 1:1 Hyatt Transfers for Select Chase Cardholders — Should You Convert Points Now?
- [The Points Guy](https://thepointsguy.com/news/chase-hyatt-transfer-ratio-change-october-1) — Last call: Who should (and shouldn't) transfer Chase points to Hyatt before Oct. 1

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