54 devaluations, launches and rule changes, each dated and sourced.
BWH Hotels is folding Best Western Rewards and WorldHotels Rewards into one program, WorldHotels Rewards, from 5 January 2027. Points keep their value and still do not expire; the tier rules arrive on 16 November 2026.
Effective 5 Jan 2027
Chase's no-annual-fee Freedom Flex no longer charges a foreign transaction fee, per Chase's own card page. The same change, dated 20 September 2026 by AwardWallet, removed the card's cell phone protection. The refreshed card is now live with new card art.
Effective 20 Sept 2026
Navy Federal Credit Union's new Flagship Premier Visa Signature earns 4x points on travel and 3x on dining, carries a $95 annual fee and a $100 annual airline credit, and opens with 50,000 bonus points after $4,000 spend in 90 days. Existing Flagship Rewards cardholders were told a $95 fee applies from 2 November 2026.
Effective 3 Nov 2026
Since 2 November 2026, Capital One miles transfer to Copa Airlines' ConnectMiles at 1,000 to 750. A 30% launch bonus lifts that to 1,000 to 975 until 11:59pm ET on 1 December 2026. Citi already transfers to Copa at a better rate.
Effective 2 Nov 2026
From 1 February 2027, Pay Over Time on US American Express cards that have it is permanently set to Active and the setting can no longer be changed. Charge cards gain a Minimum Payment Due. Here is what to check before then, starting with AutoPay.
Effective 1 Feb 2027
Delta confirmed on 22 October 2026 that Medallion Qualification Dollar thresholds stay at $5,000, $10,000, $15,000 and $28,000 for 2027 activity. MQDs still reset on 1 January, and Delta Amex holders keep their Headstart.
Effective 1 Jan 2027
American Express announced on 29 October 2026 that Reward Dollars can go straight to an Amex deposit account at 1:1. Blue Cash cards pay into a High Yield Savings Account and the Graphite Business card into Business Checking.
Effective 29 Oct 2026
Bilt is retiring its 4% Flexible Bilt Cash mode for new cardholders from 1 January 2027, turning the Palladium and Obsidian hotel credits into Bilt Cash, and limiting Bilt Cash hotel redemptions to twice a year. Existing cardholders can keep 4% by opting out before their card anniversary.
Citi and American Airlines are refreshing the AAdvantage Platinum Select and Business World Elite Mastercards: 3x on AAdvantage Hotels and Cars, new 2x categories, a $100 inflight credit and a Global Entry/TSA PreCheck credit. The annual fee rises to $150 at renewals after 24 January 2027.
Effective 24 Jan 2027
Airbnb homes are now bookable on Amex Travel. Platinum and Business Platinum earn 5X Membership Rewards on prepaid Airbnb stays, the $600 hotel credit becomes a Lodging Credit that covers Airbnb Luxe, and a $250 Airbnb Experiences credit unlocks after a Luxe booking. Fine Hotels + Resorts bookings need two nights from 1 Jan 2027.
Effective 22 Oct 2026
Since 25 October 2026, Citi ThankYou points transfer to Copa Airlines' ConnectMiles. Strata Elite, Strata Premier and Prestige points move 1:1; Double Cash, Custom Cash and other no-annual-fee cards get 700 miles per 1,000 points.
Effective 25 Oct 2026
From 25 October 2026, Citi AAdvantage Executive cardmembers get up to $200 a year in dining credits through the inKind app: $100 for January to June and $100 for July to December. Citi confirmed it to View From The Wing. You have to add the card to inKind and pay through the app.
From 17 February 2027 the American Express Business Platinum Card earns its 2x shipping bonus only on purchases made directly with seven named shippers, and the up to $10 monthly wireless credit only on bills paid directly to 11 named US carriers. It is the same narrowing Amex announced for the Business Gold a week earlier.
Effective 17 Feb 2027
Since 15 October 2026, World of Hyatt members can send points to another member online at 1:1 and no fee, replacing the old paper form. Limits: 1,000-point minimum, one transfer a month, six a year, 525,000 sent and received per calendar year.
Effective 15 Oct 2026
From 20 October 2026, Bilt Rewards points transfer to JetBlue TrueBlue at 1:1 in 1,000-point increments. Bilt was the last major US transferable currency without a JetBlue route. No transfer bonus has been announced.
Effective 20 Oct 2026
From 22 October 2026, US Business Platinum and Corporate Platinum cardholders get unlimited ZO Clubhouse access, 4 guest passes a week, 4 Studio day passes a month and up to $500 a year in ZO credits. No enrollment with Amex; the annual fee is unchanged.
Southwest announced on 15 October 2026 that, from 2027, credit card welcome bonuses, bonus-category points, anniversary points, referrals and partner earning no longer count toward the Companion Pass. Card spend still earns 1 TQP per dollar. Cards approved by 2 December 2026 keep a path for their welcome bonus.
Citi ends the Barclays-era benefits on converted AAdvantage Platinum Select and Globe cards from 25 October 2026: Wi-Fi credits, the Globe's 2x hotels and car rentals and daily food credit, and the Companion Certificate after one final earn.
Chase's DashPass terms for co-brand cards now give a $10 non-restaurant DoorDash discount every month if you first activated DashPass on or after 1 September 2026. Earlier activations stay quarterly. Freedom and Slate remain quarterly per DoorDash.
Effective 1 Sept 2026
American Express's October 2026 Membership Rewards terms say a new card now gets its own rewards account instead of joining your existing points balance. You can still combine them through Manage Connections. Cards you already hold are not affected.
From 17 February 2027 the American Express Business Gold Card earns 4x on advertising only when you buy directly from Meta, Google, Amazon, Microsoft, GoDaddy or Yelp, and on wireless only when you pay one of 11 named US carriers. The top-two-category structure and the $150,000 yearly cap do not change.
From 1 January 2027, United MileagePlus Premier status is earned on Premier Qualifying Points alone. The flights-plus-points path ends, 1K rises from 28,000 to 32,000 PQP, and the United co-brand cards become a bigger part of how status gets earned.
American Express has ended its Lufthansa lounge agreement. From 1 October 2026, Platinum and Centurion cardmembers can no longer use Lufthansa Business, Senator or First lounges on a same-day Lufthansa Group flight. Here is what you still have.
Effective 1 Oct 2026
From 15 October 2026 you can book an eligible Air India or Singapore Airlines flight between India and Singapore on the other airline's site without pairing it. Reciprocal Maharaja Club and KrisFlyer elite perks follow in Q2 2027. No award prices change.
U.S. Bank's new Business Essentials Visa (no annual fee) and Business Essentials Plus Visa Signature ($295) cards launched on 28 September 2026. Both earn 2% everywhere; the boosted rates depend on balances held in a qualifying U.S. Bank business checking account.
Effective 28 Sept 2026
From 1 October 2026 the American Express Business Gold Card's flexible business credit no longer covers FedEx. UPS.com shipments now qualify instead, alongside Grubhub and US office supply stores. Enrollment is still required, and UPS Store counters do not count.
Chase's IHG One Rewards cards were refreshed in October 2026. The Premier's fee rises from $99 to $150 and its automatic status drops from Platinum to Gold Elite, the Business card rises from $99 to $200 and keeps Platinum, and a new $350 Premier Select card carries Platinum Elite.
Bilt Rewards will transfer to World of Hyatt at 4:3 from 1 January 2027, so 1,000 Bilt points become 750 Hyatt points. 31 December 2026 is the last day at 1:1, and the cut applies whatever your Bilt status or card.
Citi made Japan Airlines Mileage Bank a ThankYou transfer partner on 20 September 2026. Annual-fee cards such as the Strata Premier transfer 1:1, no-fee cards such as the Double Cash transfer 1:0.7, and a 30% launch bonus runs through 24 October 2026.
From 15 November 2026 the Sapphire Reserve for Business earns 3x on social media and search advertising only on the first $1 million per account anniversary year, then 1x. The Edit hotel credit doubles to $1,000 from 1 January 2027.
Effective 15 Nov 2026
Alaska Airlines said on 29 September 2026 that customers with eligible Bank of America card products will be able to transfer points into Atmos Rewards in 2027. Which cards and at what ratio are not announced yet.
Citi quietly changed the terms on the Strata, Strata Premier and Strata Elite cards around 20 September 2026: the new account bonus is not available if you currently have or previously had that account. The old rule looked back 48 months from the last bonus.
Chase announced on 16 September 2026 that Ultimate Rewards points from Sapphire, Freedom and Ink cards can be redeemed for cash to invest in an eligible J.P. Morgan Self-Directed Investing account or an advisor-managed taxable account. The rate is 100 points to $1, the same as a plain cash redemption.
Effective 16 Sept 2026
From 15 September 2026 Wyndham Rewards moves from three flat award tiers to four, adding a new 45,000-point top band for its most expensive hotels while dropping the entry tier to 5,000 points. Book the top properties before the switch.
Effective 15 Sept 2026
Hyatt is ending its American Airlines AAdvantage tie-up and starting a new Delta SkyMiles partnership. Announced 9 September 2026, with a 15 November linking deadline and earning wind-downs into 2027. Here is the timeline that matters.
From 10 September 2026 Amex lifted the welcome bonus on all four Hilton Honors cards, adding a free night reward to three of them and pushing the Aspire to a record 200,000 points. The elevated offers run through 13 January 2027.
Effective 10 Sept 2026
From 25 September 2026, Wells Fargo Rewards can no longer be gifted to another Wells Fargo customer, automatic redemptions end, and points stop combining into a single balance across your cards. Moving points between your own accounts survives.
Effective 25 Sept 2026
From 15 August 2026, Chase Sapphire Lounge by The Club locations are no longer part of the Priority Pass or LoungeKey networks. The once-a-year complimentary visit and the discounted walk-in rate are both gone for members who do not hold a qualifying Chase card.
Effective 15 Aug 2026
US Bank Altitude Reserve points now move 1:1 to Flying Blue, Qantas, Ethiopian ShebaMiles and Avianca LifeMiles, and 2:1 to Accor. Avianca was added on 30 August. The card itself has been closed to new applicants for some time.
Effective 30 Aug 2026
Since 1 February 2026 authorised users on the Venture X get no lounge access unless you pay $125 each, guests cost $45 at Capital One Lounges, and Priority Pass guests cost $35. Complimentary guests come back only at $75,000 of annual spend.
Effective 1 Feb 2026
Since 2 April 2026 MileagePlus members without a United card earn 3 miles per dollar instead of 5, and basic economy earns nothing for general members. Cardholders earn 6x and get at least 10% off award flights. We also found the Explorer's annual fee had moved and corrected it.
Effective 2 Apr 2026
From 27 May 2026 the Avios price of a British Airways reward flight is unchanged, but the cash co-pay rose roughly 10% to 33% depending on the route. It is the second cash-element increase in five months, after the December 2025 change.
Effective 27 May 2026
American Express refreshed the Gold Card on 30 April 2026 for its 60th anniversary: prepaid hotels booked through Amex Travel now earn 5x (up from 2x), car rentals and cruises earn 2x, and the annual fee stayed at $325. A rare enhancement in a year of cuts.
Effective 30 Apr 2026
From September 8, 2026 Air France and KLM award tickets book in three tiers. Light keeps today's mileage price but drops the checked bag, seat selection, lounge access and any right to change or refund. Paris to New York business goes from 60,000 miles to 75,000 for the ticket you get today.
Effective 8 Sept 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.
Hyatt's first award-chart restructure in five years replaced Off-Peak, Standard and Peak with five tiers on 20 May 2026. A Category 8 night at the top tier rose from 45,000 points to 75,000, a 67% increase, and 112 of 136 repriced hotels moved up.
Effective 20 May 2026
American Express removed Etihad Guest as a Membership Rewards transfer partner across every major market between 15 June and 1 July 2026, shut the Mumbai Centurion Lounge on 1 July, and from 8 July admits only one guest, travelling on the same flight.
Effective 1 Jul 2026
The Citi AAdvantage Executive's annual fee rises $100 to $695 on 23 August 2026. New AA Vacations and inflight credits, a bigger Lyft credit, and two new Loyalty Point tiers are the offset.
Effective 23 Aug 2026
Preferred Rewards became BofA Rewards on 27 May 2026. The 75% credit card earnings boost moved to a new $1M tier, and the $100k to $1M band drops from 75% to 50%.
Membership Rewards now transfers to LHW's Leaders Club: 1,000 points become 250 Leaders Club points, entry free nights start at 16,000 MR, and Amex Platinum holders get Sterling status.
Effective 28 Jul 2026
A broad Marriott Bonvoy award-price increase of roughly 5–10% was spotted in July 2026, a rare all-at-once devaluation since Marriott went fully dynamic. What it means for your transferable points.
Effective 10 Jul 2026
After the Capital One and Discover merger, Discover accounts began moving to Capital One's app and website on July 27, 2026, in waves that run into 2027. Rewards stay the same. Here's what actually changes.
Effective 27 Jul 2026
Chase is reducing the Sapphire Preferred's World of Hyatt transfer ratio to 4:3. Existing holders keep 1:1 only until Oct 1, 2026, so transfer before the deadline if you're sitting on points.
The Amex Platinum's annual fee rises to $895. It's effective immediately for new cardmembers and from Jan 2, 2026 for existing ones. Is the card still worth it?
Effective 2 Jan 2026