Chase Ultimate Rewards transfers to 10 airlines and 4 hotel programs, and every one of them moves points at 1:1 except World of Hyatt, which now costs Sapphire Preferred and Ink Business Preferred holders 33% more in Chase points than it did before October 1, 2026. Below is the full partner table with current ratios, the Hyatt math explained, and where a transfer actually beats redeeming through Chase’s own travel portal.
The Full Transfer Partner Table
Every transfer requires a minimum of 1,000 Chase Ultimate Rewards points, moved in 1,000-point increments, regardless of partner. Last verified 2026-09-27.
| Partner | Type | Ratio | Typical transfer time |
|---|---|---|---|
| World of Hyatt | Hotel | 1:1 (Sapphire Reserve) / 4:3 (Sapphire Preferred, Ink Business Preferred, as of Oct 1, 2026) | Instant |
| Marriott Bonvoy | Hotel | 1:1 | Instant to 2 business days |
| IHG One Rewards | Hotel | 1:1 | Instant to 2 business days |
| Wyndham Rewards | Hotel | 1:1 | Next business day, up to 7 |
| Aer Lingus AerClub | Airline | 1:1 | Instant to 2 business days |
| Air Canada Aeroplan | Airline | 1:1 | Instant to 2 business days |
| Air France/KLM Flying Blue | Airline | 1:1 | Instant to 2 business days |
| British Airways Executive Club (Avios) | Airline | 1:1 | Instant to 2 business days |
| Iberia Plus | Airline | 1:1 | Instant to 2 business days |
| JetBlue TrueBlue | Airline | 1:1 | Instant to 2 business days |
| Singapore Airlines KrisFlyer | Airline | 1:1 | Instant to 2 business days |
| Southwest Rapid Rewards | Airline | 1:1 | Instant to 2 business days |
| United MileagePlus | Airline | 1:1 | Instant to 2 business days |
| Virgin Atlantic Flying Club | Airline | 1:1 | Instant to 2 business days |
Wyndham is the newest partner on this list, added February 25, 2026 (confirm still active before transferring, as issuer partner rosters do change). Every other partner has been on the roster for at least a year.
The Hyatt Math: What 4:3 Actually Costs You
Before October 1, 2026, every Chase card transferred to World of Hyatt at 1:1: 1,000 Ultimate Rewards points became 1,000 Hyatt points. As of that date, Sapphire Preferred and Ink Business Preferred cardholders transfer at 4:3 instead. That means it now takes 1,333 Ultimate Rewards points to land 1,000 Hyatt points, a 33% increase in the Chase points required for the same hotel night. As an example, a Hyatt property priced at 20,000 points a night used to cost Sapphire Preferred holders 20,000 Chase points to book. After the change, the same 20,000-point night costs roughly 26,660 Chase points, the same 33% increase applied to whatever the actual points price happens to be (Hyatt’s own award chart, not this table, sets that price, and it changed to a 5-tier structure in May 2026, so check the current per-night price at the property you want before doing this math yourself).
Sapphire Reserve is the exception. Reserve cardholders still transfer to Hyatt at 1:1, full stop. If Hyatt redemptions are a meaningful part of how you use Ultimate Rewards, that alone is a real reason to hold the Reserve over the Preferred or the Ink Business Preferred, on top of the fee difference. TRC has separate detail on this exact transition for and Ink Business Preferred holders, including what to do if you were mid-transfer when the window closed.
The Baseline: What You Get Without Transferring
Every partner above is optional. Chase Ultimate Rewards points also redeem directly through the Chase Travel portal, and that rate is the floor a transfer needs to beat:
- Sapphire Reserve, new cardmembers (applied after June 23, 2025): 1 cent per point through the portal.
- Sapphire Reserve, legacy points earned before October 26, 2025: 1.5 cents per point through the portal, and that rate holds until October 26, 2027.
- Sapphire Preferred: 1.25 cents per point through the portal.
If a transfer partner’s award chart doesn’t clearly beat that per-point rate for the specific trip you’re booking, the portal is simpler and carries no risk of a devaluation between the time you transfer and the time you redeem. Points sent to a partner program are gone from Chase for good; they cannot transfer back.
How Multi-Card Households Stretch This Further
Ultimate Rewards pools across cards on the same account, which changes the math for households running more than one Chase card. Cash-back cards like Freedom Flex and Freedom Unlimited earn Ultimate Rewards points too, but those points cannot transfer to any partner on their own; they only unlock transfer value once pooled into a Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred account. A household running a Freedom Flex for bonus categories and a Sapphire Reserve for travel can combine both balances and transfer the full total at the Reserve’s 1:1 Hyatt rate, rather than losing the Freedom Flex points to a 1-cent-per-point cash redemption. Confirm pooling before applying for a card specifically to unlock transfers; it is a real feature, not a workaround, but it requires the accounts to sit under the same Chase login. Applying for that additional Chase card to unlock pooling also means clearing Chase’s 5/24 rule first, since it governs approval for new Chase cards (including Freedom Flex and the Sapphire line) regardless of why you want the card.
Which Partner for Which Redemption
Ratio parity across airlines hides real differences in what each program actually charges for a seat:
- Hyatt (with the caveats above): still widely regarded as the strongest per-point hotel value on this list, especially at category 1-4 properties where cash rates run well above the points price.
- Wyndham: fixed award tiers (7,500 / 15,000 / 30,000 points per bedroom, published by Wyndham) that do not move with cash rates. That makes it the hedge play, most valuable on nights where the cash price has spiked, not the everyday option.
- Southwest Rapid Rewards: Southwest prices its own points at a fairly fixed rate regardless of route, so a 1:1 transfer from Chase points is close to neutral value against the Reserve’s 1 to 1.5 cent portal rate. Transfer here for Southwest’s own change and cancellation policy, not for extra value.
- British Airways Avios and American Airlines-operated flights: Avios prices short-haul domestic AA flights (under 650 miles) in the low five figures of points one-way, well below what a longer route costs, but American’s post-2024 dynamic pricing means the exact number varies by date and route. Check the live price before assuming a specific figure.
- Aeroplan, United, Flying Blue, Virgin Atlantic: the go-to group for long-haul partner awards without the fuel surcharges some other programs add. Aeroplan prices a one-way business class seat to Europe on a Star Alliance partner airline in the 60,000-point range and lets you pay any remaining taxes with a cash co-pay instead of an all-points-or-nothing rule. United MileagePlus awards on United’s own domestic routes start around 12,500 points one-way in economy. Flying Blue runs monthly “Promo Rewards” that discount specific published routes by 25 to 50% for a limited window, which is worth checking before booking any Flying Blue award at the standard price.
- Marriott Bonvoy: standard transfers are 1:1, but Chase periodically runs bonus-transfer promotions on top of that rate. The most recent one, a 70% bonus, ran through October 15, 2026 and has now ended, so transfers are back to the standard 1:1 rate as of this writing. Chase has repeated 50 to 70% Bonvoy bonuses several times in 2026, so check for a live promotion before transferring rather than assuming the base rate is final. A promotional bonus is only worth acting on if you already have a specific Bonvoy redemption in mind, since Bonvoy points are one-way and cannot transfer back once moved.
Bottom Line
Check this table before every transfer decision rather than assuming last year’s ratio still holds. If you carry the Sapphire Preferred or Ink Business Preferred and Hyatt is your main use case, the 4:3 change is worth weighing against the Reserve’s higher fee. For everything else, 1:1 is still the rule, not the exception.
If you don’t yet hold a United-earning card at all, it’s worth pausing before you transfer: Chase raised the welcome offers across the entire United card lineup on October 1, 2026 (see our ), so opening the right card first may be worth more than any single transfer into an existing MileagePlus balance.
FAQ
Q: Does the Chase Sapphire Reserve still transfer to Hyatt at 1:1?
A: Yes. The 4:3 ratio applies only to Sapphire Preferred and Ink Business Preferred cardholders, effective October 1, 2026 for existing accounts. Sapphire Reserve is unaffected.
Q: Is there a minimum amount required to transfer Chase points?
A: Yes, 1,000 points, and transfers must be made in 1,000-point increments for every partner on this list.
Q: Can I transfer points back from a partner program to Chase?
A: No. Once points transfer to an airline or hotel program, the transfer is final and cannot be reversed.
Q: Which Chase hotel partner is newest?
A: Wyndham Rewards, added February 25, 2026, transferring at 1:1 with fixed award tiers of 7,500, 15,000, or 30,000 points per bedroom.
Q: Is 1:1 always a good transfer ratio?
A: Not automatically. It only beats the Chase Travel portal rate (1 to 1.5 cents per point on Reserve, 1.25 on Preferred) if the partner’s award chart prices your specific redemption above that per-point rate. Compare the actual award cost before transferring.