UMVA has learned that significant changes are coming to the Chase Sapphire Preferred Card, including a negative one pertaining to Hyatt point transfers, but most of the update is refreshingly positive.
The changes start with a major shift in point transfer ratios to Hyatt, which will now be 4:3 for Sapphire Preferred cardmembers, instead of the previous 1:1 ratio. This means that transferring 40,000 Chase points to Hyatt will yield just 30,000 Hyatt points instead of 40,000, a significant devaluation for travelers who regularly transfer points from their Sapphire Preferred to Hyatt.
However, existing cardholders have some time before the changes kick in, with the new ratio not taking effect until October 1, 2026. New cardholders who apply on or after June 15, 2026, will see the new ratio effective immediately.
In a silver lining, the 1:1 transfer ratio remains intact for Chase Sapphire Reserve cardholders, with no planned changes to transfers from the Sapphire Reserve at this time. This may make the Sapphire Reserve a more attractive option for those who frequently transfer their Chase points to World of Hyatt.
The Sapphire Preferred is also losing its 10% anniversary points bonus, which awarded cardholders a 10% points bonus on their spending each year. While this perk may not have been a game-changer for many cardholders, it's still a notable change.
On the other hand, the Sapphire Preferred is gaining new bonus categories, including 3 points per dollar on purchases at gas stations, EV charging, and vacation home rentals booked through services like Airbnb and Vrbo. These everyday spending categories will likely matter to many cardholders.
The card is also increasing its hotel statement credit from $50 to $100, making this benefit much more meaningful. Additionally, a new statement credit of up to $120 every four years will be added to cover the application fee for TSA PreCheck, Global Entry, or Nexus.
Furthermore, Sapphire Preferred cardholders will be eligible to activate a complimentary one-year Apple TV subscription, and the card is adding enhanced travel protections, including emergency evacuation and transportation protections.
Despite the addition of new and expanded credits, along with more travel protections, the annual fee for the Sapphire Preferred will remain at $95, the same price it has had since launching in 2009.
Overall, the changes to the Chase Sapphire Preferred make it a stronger or weaker card depending on individual needs, but for casual or semifrequent travelers, the card is now even more compelling overall.
