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The Ink Business Preferred Is Losing 1:1 Hyatt Transfers, too. Here's Your Deadline.
July 1, 2025
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The Chase Sapphire Preferred® Card refresh got all the headlines this week. But buried in the announcement is a change that hits a different group of cardholders just as hard, and almost nobody is talking about it.
The Ink Business Preferred® Credit Card is also losing its 1:1 transfer ratio to World of Hyatt.
That matters because a lot of people keep the Ink Business Preferred for exactly one reason: it's the cheapest way to keep the Hyatt pipeline open. At $95 a year, it unlocks full Ultimate Rewards transfers without paying for a Sapphire Reserve. That math just changed.
What's Changing
Chase is cutting the Ultimate Rewards to World of Hyatt transfer ratio from 1:1 to 4:3 for these cards:
- Chase Sapphire Preferred
- Ink Business Preferred
- Legacy Ink Plus
- Legacy Corporate Flex
In plain terms, every 4 Chase points you transfer will become 3 Hyatt points. That's a 25% haircut on what has long been the single best transfer partner in the Chase ecosystem.
The Chase Sapphire Reserve® and Sapphire Reserve for Business℠ keep their 1:1 ratio. They are now the only Chase cards that transfer to Hyatt at full value.
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The Dates That Matter
There are two deadlines, and which one applies to you depends on when you got (or get) the card:
If you already hold the card or apply before June 15, 2026, you keep 1:1 Hyatt transfers until October 1, 2026. After that, you're at 4:3.
If you apply on or after June 15, 2026: The 4:3 ratio applies immediately. No grandfathering, no grace period.
So if you've been on the fence about the Ink Business Preferred or Sapphire Preferred specifically for Hyatt access, the window to lock in three and a half months of 1:1 transfers closes June 15.
Why This Stings More Than the Math Suggests
A 25% devaluation is bad on its own. But this lands on top of Hyatt's own award chart overhaul, which expanded pricing tiers and raised rates at many properties. Cardholders are getting squeezed from both ends: points are worth less when they arrive at Hyatt, and Hyatt nights cost more once they get there.
Run a real example. A Hyatt night that costs 25,000 points used to require 25,000 Ultimate Rewards. At 4:3, you'll need to transfer roughly 34,000 points to cover it, since Hyatt transfers move in 1,000-point increments. Over a few redemptions a year, that's tens of thousands of extra points evaporating.
There's also an orphaned points problem. At 4:3, transfers stop landing in clean numbers, which means you'll routinely strand small balances on the Hyatt side.
What to Do Before October 1
1. Transfer points you know you'll use at Hyatt. If you have concrete Hyatt plans in the next year or two, moving points before October 1 locks in the 1:1 rate forever. Transferred points keep their value.
2. Don't panic-transfer everything. Ultimate Rewards points are flexible. Hyatt points are not. Only move what you have a realistic plan to redeem. Hyatt points don't expire as long as your account has activity, but flexibility has value too.
3. Reassess why you hold the card. If the Ink Business Preferred's entire job in your wallet was the Hyatt pipeline, the calculus changed. It still earns 3x on travel, shipping, advertising, and internet/phone, and it still transfers 1:1 to airline partners like United and Southwest. The card isn't dead. Its best trick just got nerfed.
4. Decide if the Reserve is worth it for you. Chase clearly wants heavy Hyatt users to move up to the Sapphire Reserve. Whether that fee makes sense depends entirely on how much Hyatt values you actually generate per year. Don't upgrade out of spite.
Is the Ink Business Preferred Still Worth Keeping?
For most business owners, probably yes. The earning structure didn't change, the airline transfer partners didn't change, and the annual fee didn't change.
But "I keep it for Hyatt" is no longer a complete answer. At 4:3, your effective earn rate on Hyatt redemptions drops 25% across the board. If Hyatt was your only redemption strategy, it's worth comparing against the Sapphire Reserve, or even rethinking which ecosystem earns your business spend.
Keep Track of What Your Points Are Actually Worth
Devaluations like this are exactly why set-it-and-forget-it doesn't work with credit card rewards anymore. Transfer ratios change, award charts change, and the best card for your spending this year might not be the best card next year.
Kudos watches this for you. Connect your cards and Kudos recommends the right card at checkout, tracks your rewards across every program, and helps you make sure you're not leaving value on the table when the rules shift.
Download Kudos free and stay ahead of the next devaluation.
FAQ
When does the Ink Business Preferred Hyatt transfer change take effect?
October 1, 2026, for existing cardholders and anyone who applies before June 15, 2026. For new applicants on or after June 15, 2026, the 4:3 ratio applies immediately.
What is the new Chase to Hyatt transfer ratio?
4:3 for the Sapphire Preferred, Ink Business Preferred, legacy Ink Plus, and legacy Corporate Flex. Every 4 Ultimate Rewards points become 3 World of Hyatt points.
Which Chase cards still transfer 1:1 to Hyatt?
Only the Chase Sapphire Reserve and the Sapphire Reserve for Business.
Should I transfer my Chase points to Hyatt before October 1?
If you have specific Hyatt redemptions planned, transferring before October 1 locks in the 1:1 rate. Only transfer what you'll realistically use, since Hyatt points are less flexible than Ultimate Rewards.
Do other Chase transfer partners change, too?
No. This change only affects World of Hyatt. Airline partners like United, Southwest, and British Airways still transfer 1:1 from all Ultimate Rewards cards.
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