Chase Sapphire Preferred Cuts Hyatt Transfers to 4:3 as $95 Card Adds $100 Hotel Credit
Updated
Updated · The Points Guy · Jun 10
Chase Sapphire Preferred Cuts Hyatt Transfers to 4:3 as $95 Card Adds $100 Hotel Credit
3 articles · Updated · The Points Guy · Jun 10
Summary
June 15 marks a broad Sapphire Preferred overhaul: new applicants lose Hyatt’s 1:1 transfer rate immediately, while existing cardholders keep it until Oct. 1, 2026.
The biggest hit is Hyatt transfers dropping to 4:3—40,000 Chase points will become 30,000 Hyatt points—and the card’s 10% anniversary points bonus is also ending for new applicants.
Chase paired the devaluation with richer perks, adding 3x points on gas, EV charging and select vacation rentals, plus raising the Chase Travel hotel credit to $100 from $50.
The $95 annual fee stays unchanged even as the card adds up to $120 every four years for TSA PreCheck, Global Entry or Nexus, a one-year Apple TV subscription and stronger travel protections.
The changes make the card less attractive for Hyatt-focused points users, while preserving a stronger value pitch for casual travelers who use credits and everyday bonus categories.