One of many best ways to redeem Ultimate Rewards points is through high-value Chase transfer partners. However Chase not too long ago introduced it was reducing the Chase-to-Hyatt transfer ratio for choose cardholders. Sadly, the Chase Sapphire Preferred® Card (see rates and fees) is among the many affected playing cards.
As a Sapphire Most popular Card holder, I am bummed concerning the lowered Hyatt switch ratio and wished to quantify the influence of this transformation.
Here is what you need to know concerning the lowered switch ratio and the way it will have an effect on the quantity it’s worthwhile to spend in your card to earn the identical Hyatt stays.
Chase Sapphire Preferred Card: For a restricted time, earn 100,000 bonus factors after spending $5,000 on purchases within the first three months from account opening.
New Chase-to-Hyatt switch ratio
In case you utilized for the Chase Sapphire Preferred Card on or after June 15, you may have already got the lowered 4:3 switch fee for those who transfer Chase points to Hyatt.
However for those who utilized earlier than June 15, you may proceed to get a 1:1 switch fee till Oct. 1, when your Chase-to-Hyatt switch ratio may even drop to 4:3.
Why this issues for Sapphire Most popular Card holders
A lowered switch ratio between Chase Ultimate Rewards and World of Hyatt makes Hyatt awards dearer for Sapphire Preferred Card holders.
For instance, whereas at a 1:1 switch ratio you’d solely must switch 30,000 Chase factors to ebook a 30,000-point Hyatt award, at a 4:3 switch ratio you’d must switch 40,000 Chase factors to ebook the identical award.
Primarily based on TPG’s June 2026 valuations, these extra 10,000 Chase factors you’d must switch are price $205.
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Associated: How many Hyatt points do you need to transfer before the Sapphire Reserve beats the Sapphire Preferred?
Examples of what number of extra Chase factors you may want
For instance the influence of the lowered 4:3 switch ratio for Chase-to-Hyatt transfers, let’s contemplate three stays.
Firstly, let’s contemplate a long-weekend keep on the Andaz Savannah that prices 20,000 factors per night time. With a 1:1 switch ratio, you’d solely must switch 60,000 Chase factors. However beneath a 4:3 switch ratio, you’d must switch 80,000 Chase factors. The additional 20,000 factors you’d must switch are price $410 based mostly on our valuations.
Now, let’s contemplate a redemption I ebook a number of instances annually: a one-night keep at a Hyatt Place in Atlanta (with complimentary airport shuttle service).
If this lodge prices 4,500 Hyatt factors on the night time I want to remain, I might must switch 5,000 Chase factors at a 1:1 ratio or 6,000 Chase factors at a 4:3 ratio (since you will need to switch in increments of 1,000 factors). So, even for a one-night keep at a Category 1 Hyatt hotel, this decreased switch ratio makes a distinction.
Lastly, let’s contemplate a five-night keep at an aspirational Class 7 Hyatt that prices 30,000 factors per night time. With a 1:1 switch ratio, you’d must switch 150,000 Chase factors to Hyatt to ebook this keep.
However, with a 4:3 switch ratio, you’d must switch 200,000 Chase factors. The additional 50,000 Chase factors you’d must switch beneath a 4:3 switch ratio as an alternative of a 1:1 switch ratio are price $1,025 based mostly on our valuations.
What does that imply in on a regular basis spending?
One other means to consider the change is how rather more you may must spend to earn the identical Hyatt trip.
As a reminder, purchases with the Chase Sapphire Preferred earn as follows:
- 5 factors per greenback on all Chase Journey℠ purchases, together with flights, lodges, rental automobiles, trip houses, cruises, actions and excursions
- 5 factors per greenback spent on Lyft rides (by way of Sept. 30, 2027)
- 5 factors per greenback spent on eligible Peloton gear and accent purchases over $150 (by way of Dec. 31, 2027; restrict of 25,000 bonus factors)
- 3 factors per greenback spent on gasoline and EV charging
- 3 factors per greenback spent on trip houses at these high manufacturers: Airbnb, Vrbo, Plum Information, HomeAway, Homestay.com and Vacasa
- 3 factors per greenback spent on eating, streaming companies and on-line groceries (the elevated incomes fee for on-line grocery retailer purchases excludes Goal, Walmart and wholesale golf equipment)
- 2 factors per greenback spent on all different journey
- 1 level per greenback spent on all different purchases
Associated: Is the Chase Sapphire Preferred worth the annual fee? I say yes
Every shopper is completely different, so you may must calculate based mostly by yourself spending habits. However, to see how this performs out, let’s contemplate three completely different spending profiles:
- Single-card person: 5 factors per greenback on 5% of purchases, 3 factors per greenback on 20%, 2 factors per greenback on 10% and 1 level per greenback on 65%
- Bonus class optimizer: 5 factors per greenback on 15% of purchases, 3 factors per greenback on 55% and a couple of factors per greenback on 30%
- 3-points-per-dollar-or-better person: 5 factors per greenback on 30% of purchases and three factors per greenback on 70%
| Spending required | By the single-card person | By the bonus class optimizer | By the 3-points-per-dollar-or-better person |
|---|---|---|---|
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For a 4,500-point Hyatt keep
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For a 60,000-point Hyatt keep
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For a 150,000-point Hyatt keep
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As you’ll be able to see, the distinction between a 1:1 Chase to Hyatt switch ratio and a 4:3 ratio is large in the case of the quantity you may must spend in your Chase Sapphire Most popular for a keep.
Ought to Sapphire Most popular Card holders nonetheless switch factors to Hyatt?
The lowered Chase-to-Hyatt switch ratio makes it a lot much less interesting for Sapphire Preferred Card holders to switch Chase factors to Hyatt.
Whereas it could nonetheless be helpful to switch Chase factors to Hyatt at a 4:3 ratio to high off your Hyatt account for a redemption or snag a high-value Hyatt redemption, Sapphire Most popular cardholders ought to critically contemplate whether or not different Chase switch companions they will nonetheless entry at a 1:1 ratio present extra worth.
In case you utilized for the Sapphire Most popular earlier than June 15, you continue to have entry to 1:1 Chase to Hyatt transfers by way of Sept. 30. However, after that time, all Sapphire Most popular cardholders will face a lowered 4:3 Chase to Hyatt switch ratio.
As you’ll be able to see within the earlier sections, this lowered switch ratio has a big influence. As such, Sapphire Most popular cardholders could wish to contemplate one other solution to earn Hyatt points.
And cardholders who’re accustomed to transferring most of their rewards to Hyatt could wish to add the Chase Sapphire Reserve® (see rates and fees) or the Chase Sapphire Reserve for Business℠ (see rates and fees) to their pockets. You may mix your factors earned on the Sapphire Most popular with these two playing cards and switch them to Hyatt at a 1:1 ratio.
Backside line
The drop from a 1:1 to 4:3 Chase-to-Hyatt switch ratio is a significant devaluation for Chase Sapphire Preferred Card holders who ceaselessly switch Final Rewards factors to World of Hyatt.
Put merely, you may want one-third extra Chase factors — and subsequently considerably extra card spending — to ebook the identical Hyatt awards with a 4:3 ratio as an alternative of a 1:1 ratio.
Hyatt continues to be a worthwhile Chase switch associate in some circumstances, particularly for those who solely must high off your account or discover an particularly high-value award. However Sapphire Most popular Card holders ought to run the numbers extra fastidiously going ahead and contemplate whether or not one other Chase switch associate, a Hyatt credit card or a Sapphire Reserve product affords higher worth.
Associated: Chase Sapphire Preferred vs. Sapphire Reserve: Which is better for you?
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