Chase Ink Business Preferred loses the 1:1 Hyatt transfer too, dropping to 4:3 on October 1, 2026
The Hyatt transfer cut is not Sapphire-Preferred-only. Chase Ink Business Preferred, Ink Plus and Corporate Flex also move from 1:1 to 4:3 on October 1, 2026, a roughly 25% haircut. Only Sapphire Reserve keeps 1:1.
When Chase cut the Sapphire Preferred's World of Hyatt transfer ratio, the early framing was that it was a consumer-card story. It is not. The same cut hits the Ink Business Preferred, and business owners sitting on Ultimate Rewards points from company spend are exposed to exactly the same 25% loss.
What changed
- The Ink Business Preferred to World of Hyatt transfer ratio drops from 1:1 to 4:3.
- Ink Plus and Corporate Flex cardholders are cut to 4:3 as well.
- New applicants on or after June 15, 2026 already get the reduced ratio.
- Everyone who applied before June 15, 2026 keeps 1:1 through September 30, 2026, then moves to 4:3 on October 1, 2026.
- The Sapphire Reserve and Sapphire Reserve for Business keep 1:1. This cut spares only the Reserve line.
What the haircut costs
Under 4:3, four Chase points become three Hyatt points, so you lose a quarter of every point you move.
| Hyatt points needed | Chase points at 1:1 | Chase points at 4:3 |
|---|---|---|
| 15,000 | 15,000 | 20,000 |
| 20,000 | 20,000 | ~26,667 |
| 30,000 | 30,000 | 40,000 |
A night that costs 20,000 Hyatt points used to cost 20,000 Chase points. After October 1 it costs roughly 26,667 Chase points to end up with the same 20,000 in your Hyatt account.
Who is hit
Ink Business Preferred holders who funnel business spend into Ultimate Rewards and cash out through Hyatt, the single richest Chase redemption for most people. If Hyatt is your endgame and you are not on a Reserve card, your points are about to buy 25% less hotel.
What to do
If you have a specific Hyatt stay in mind and points to cover it, transferring before October 1, 2026 locks the 1:1 rate. Do not speculatively strand points in Hyatt with no booking; they are worth more sitting in Chase until you need them. Compare where every card's points still pull their weight on the transfer partners matrix.
Sources
Every claim on this page is backed by a primary or reputable source.
Cards affected
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