Chase points now transfer to World of Hyatt at 4:3 for Sapphire Preferred and Ink Business Preferred cardmembers. On October 1, 2026, the rate reached older Sapphire Preferred accounts and every Ink Business Preferred; Sapphire Preferred cardmembers who applied on or after June 15, 2026 have been at 4:3 since they applied. Chase's own example is blunt: transfer 1,000 Ultimate Rewards points and you get 750 World of Hyatt points.
Chase's June 15, 2026 announcement also names existing Ink Plus and Corporate Flex cardmembers, effective October 1, 2026. What we suggested before the 1:1 rate ended is in our last-call piece on the September 30 deadline, and our Chase transfer partners guide covers what the rest of the list pays.
What Changed on October 1, 2026
Chase states the new rate on the Sapphire Preferred product page in one sentence: "Your Ultimate Rewards points will transfer to World of Hyatt at a rate of 4:3. That means if you transfer 1,000 Ultimate Rewards points, you will get 750 World of Hyatt points."
The same page sets the cutoff for existing cardmembers: "If you opened your card account prior to June 15, 2026, your points will transfer to World of Hyatt at a rate of 1:1 through September 30, 2026."
The Ink Business Preferred page carries the change in the same terms, dated: "Starting October 1, 2026, your Ultimate Rewards points will transfer to World of Hyatt at a rate of 4:3."
So there were two dates, set by when your account opened rather than by anything you did. Both have now arrived, and Chase's pages give 4:3 for Sapphire Preferred and Ink Business Preferred accounts.
Which Chase Cards Are Affected
Chase states the 4:3 rate on two product pages: Sapphire Preferred and Ink Business Preferred. Its June 15, 2026 announcement gives two different dates. For the Sapphire Preferred, the change is "effective immediately for new cardmembers who apply on or after June 15, 2026, and effective October 1, 2026, for cardmembers who applied prior to June 15, 2026." For the Ink Business Preferred, it is "effective October 1, 2026, for existing cardmembers and for new cardmembers who apply on or after October 1, 2026."
The announcement's questions and answers list the cards the change covers: "This update will apply to Sapphire Preferred cardmembers, new and existing Ink Business Preferred cardmembers and existing Ink Plus and Corporate Flex cardmembers, effective October 1, 2026."
That gives these groups:
- Opened a Sapphire Preferred before June 15, 2026, or hold an Ink Business Preferred. You transferred at 1:1 through September 30, 2026, and you transfer at 4:3 from October 1. For the Ink Business Preferred, the date the account opened makes no difference.
- Applied for a Sapphire Preferred on or after June 15, 2026. You have been at 4:3 since you applied. October 1 didn't change your Hyatt rate.
- Hold an existing Ink Plus or Corporate Flex. Chase's announcement puts you at 4:3 from October 1, 2026.
- Sapphire Reserve. A Sapphire Reserve transfer screen showed World of Hyatt at 1,000 to 1,000 on September 2, 2026. See the next section for what Chase's pages say about the Reserve.
What Chase Says About the Sapphire Reserve and World of Hyatt
Chase's Ultimate Rewards transfer list, viewed on a personal Sapphire Reserve account on September 2, 2026, showed World of Hyatt at 1,000 points to 1,000 points. All fourteen of that card's partners were at 1:1 on that screen, ten airlines and four hotel programs. That screen sits behind a cardholder login, and it is a reading from September 2.
Here is what Chase's public pages say about the Reserve and transfers. Its transfer partners explainer says "Sapphire Reserve, Sapphire Preferred and Ink Business Preferred are the cards that offer Chase cardmembers the ability to transfer points to travel partners." The Sapphire Reserve card page says "Transfer your points to leading airline and hotel loyalty programs." The announcement's list of cards covered by the 4:3 change, quoted above, names Sapphire Preferred, Ink Business Preferred, Ink Plus and Corporate Flex.
The Sapphire Reserve for Business page mentions World of Hyatt for Explorist status after $120,000 in purchases in a calendar year, which is a different benefit from transfers.
If you hold either Reserve, your own transfer screen is the authoritative answer for your account, and Chase points you there itself. Its Ink Business Preferred page says to "log in to the Chase Ultimate Rewards portal to see transfer rates for all partners." Check it before you transfer.
What a Chase to Hyatt Transfer Is Worth on Each Side of the Date
Use Chase's own numbers rather than anyone's arithmetic. The table covers Sapphire Preferred accounts opened before June 15, 2026 and the Ink Business Preferred; Sapphire Preferred accounts opened since then have been at 4:3 from the start.
| Older Sapphire Preferred and Ink Business Preferred | Through September 30, 2026 | From October 1, 2026 |
|---|---|---|
| Rate | 1:1 | 4:3 |
| Chase's example | 1,000 points transfer as 1,000 | 1,000 points transfer as 750 |
That is the whole of it, and it is deliberately the whole of it. What a given balance becomes, and whether the change matters to you, depends on the balance you hold and the redemption you had in mind. Those are your numbers, not ours.
Two of Chase's rules apply to every transfer. Chase's transfer partners explainer says "all points transfers are final," and its Sapphire Preferred rewards agreement says "Any transferred points become subject to the terms and conditions of the frequent travel program."
What to Check Before You Transfer
Three things, and none of them is advice about whether to move points.
Which card you actually hold. Sapphire Preferred, Ink Business Preferred, Ink Plus and Corporate Flex are the cards Chase's announcement names for the 4:3 rate.
The live rate in your own portal. Chase directs cardmembers there for partner rates, and it shows what your account actually gets rather than what a product page describes in general.
Whether Hyatt is where your points were going anyway. Chase transfers to a long partner list, and Hyatt is one line on it. Our Chase Trifecta guide covers how the three cards work together, and the Sapphire Preferred review covers what the card does beyond transfers.
What We Are Not Telling You
We are not telling you to transfer to Hyatt now, or to hold. Moving points is irreversible and the right answer depends on a redemption you have found and we have not.
What we will say is that Chase publishes the change on its own pages, and on October 1, 2026 it reached older Sapphire Preferred accounts, the Ink Business Preferred, and existing Ink Plus and Corporate Flex cards. The rate is the fact. The decision is yours.
Updated 2026-09-23: corrected the Ink Business Preferred date. Chase's June 15, 2026 release gives October 1, 2026 for all Ink Business Preferred cardmembers, not June 15 for new ones. Checked against Chase's release and both product pages on 2026-09-23.
Updated 2026-09-28: Chase says Sapphire Preferred and Ink Business Preferred points transfer to World of Hyatt at 4:3: already for Sapphire Preferred accounts opened since June 15, 2026, and from October 1, 2026 for older ones and the Ink Business Preferred. We corrected where this article gave only the October date. We also added the Hyatt exception where the article listed Chase partners at 1:1.
Updated October 1, 2026: Chase points now transfer to World of Hyatt at 4:3 for Sapphire Preferred and Ink Business Preferred cardmembers, so we moved this article to the present tense, added the Ink Plus and Corporate Flex cards Chase's announcement also names, and replaced our notes on the Sapphire Reserve with what Chase's pages say.
