The Short Version (Updated for 2027)
| Credit Card | Ratio (Current) | Ratio (After Jan 1, 2027) |
|---|---|---|
| Chase Sapphire Reserve | 1:1 | 1:1 |
| Chase Sapphire Preferred | 4:3 | 4:3 |
| Chase Ink Business Preferred | 4:3 | 4:3 |
| Bilt Mastercard (all tiers) | 1:1 (until Dec 31, 2026) | 4:3 |
What Happened?
Two changes hit in fall 2026:
- Chase cut the Sapphire Preferred and Ink Business Preferred ratio from 1:1 to 4:3 effective October 1, 2026 (existing cardholders who applied before June 15, 2026). The Chase Sapphire Reserve kept its 1:1 ratio.
- Bilt announced its ratio will drop from 1:1 to 4:3 starting January 1, 2027. This applies to all Bilt cards, including the $495 Palladium tier.
After January 1, 2027, the Chase Sapphire Reserve ($550 annual fee) is the only consumer card left with 1:1 Hyatt transfers.
Is the Chase Sapphire Reserve Worth It Just for the 1:1 Ratio?
It depends on how often you transfer to Hyatt. Here's the math:
Example: You plan to book a 5-night Hyatt stay at 25,000 points/night = 125,000 Hyatt points total.
- With Sapphire Reserve (1:1): Transfer 125,000 Chase UR → 125,000 Hyatt points
- With Sapphire Preferred (4:3): Transfer 166,667 Chase UR → 125,000 Hyatt points
- Difference: 41,667 Chase UR saved
At ~1.7 cents per Chase UR point, that's $708 in value saved on one 5-night booking by holding the Reserve instead of the Preferred.
The Reserve's net annual fee after the $300 travel credit is ~$250/year. One or two Hyatt bookings per year can justify the cost if you value the 1:1 ratio.
Related Reading
Full breakdown with examples, timelines, and when to transfer
Calculate whether to move Bilt points to Hyatt before Jan 1, 2027
Full card review with the 4:3 Hyatt ratio factored in