Chase Sapphire Preferred Changes 2026: What's New and What's Gone
⏱ 6 Min Read
Credit card information was independently collected by Hawaii Reward Travel and not reviewed or provided by the issuer.
In This Article
Here is the short answer. On June 15, 2026, the Chase Sapphire Preferred is getting one of its biggest refreshes in years, and the annual fee is staying at $95. You earn more on gas, EV charging, and vacation rentals, the hotel credit doubles, and you pick up a Global Entry credit and a year of Apple TV. The trade-off is two losses for points purists: transfers to World of Hyatt drop from 1:1 to 4:3, and the 10% anniversary bonus goes away.
For most folks here at home, this is a net upgrade. If you lean on Hyatt for your mainland and international stays, it stings. Let me walk you through all of it, then give you the practical move, because there is a real reason the next few days matter.
The quick version: before vs after
Here is the whole refresh in one table. Everything in this list applies to both new and existing cardmembers starting June 15, 2026.
| Benefit | Before | After (June 15, 2026) |
|---|---|---|
| Annual fee | $95 | $95 (no change) |
| Gas & EV charging | 1x points | 3x points |
| Vacation homes (Airbnb, Vrbo, Vacasa & more) | 2x if it codes as travel | 3x points |
| Chase Travel hotel credit | Up to $50 / anniversary year | Up to $100 / anniversary year |
| Global Entry / TSA PreCheck / NEXUS credit | None | Up to $120 every 4 years |
| Apple TV | None | 1 year free (activate by Dec 31, 2026) |
| Travel protections | Included | Adds Emergency Evacuation & Transportation, up to $100,000 |
| Chase Ultimate Rewards → World of Hyatt | 1:1 | 4:3 (a 25% haircut) |
| 10% anniversary points bonus | Included | Discontinued (for cardmembers who apply on or after June 15, 2026; cardmembers who applied before June 15 continue earning on eligible purchases made through October 1, 2026) |
Source: Chase newsroom, June 10, 2026.
The earning categories you already use are not touched. You keep 5x on Chase Travel, 3x on dining, 3x on select streaming, 3x on online groceries, 2x on all other travel, and 1x on everything else. No foreign transaction fees and complimentary DashPass stay too.
What is new and actually useful
A few of these are real upgrades for how locals actually spend, not just filler perks:
- 3x on gas and EV charging. Gas has always been a weak spot on this card, so this is a meaningful one when island gas prices climb.
- 3x on vacation homes. Booked direct through Airbnb, Vrbo, Plum Guide, HomeAway, Homestay.com, or Vacasa. Great for family trips and longer stays where a rental beats a hotel. Book the same stay inside Chase Travel and it earns 5x instead.
- $100 Chase Travel hotel credit. Doubled from $50, on a card that still only costs $95. Book one prepaid hotel night a year through Chase Travel and the card more than pays for itself.
- $120 Global Entry, TSA PreCheck, or NEXUS credit. Every four years. Rare on a sub-$100 card, and worth it for anyone who flies out of HNL more than once or twice a year.
- One year of Apple TV. Activate by December 31, 2026. Nice if you already pay for it, not a reason to get the card on its own.
- Emergency Evacuation and Transportation coverage. Up to $100,000 if you get hurt or sick 100 miles or more from home. For inter-island and mainland trips, that is genuinely useful peace of mind.
The catch: Hyatt transfers and the 10% bonus
Now the part that matters if you actually optimize your points. Chase Ultimate Rewards has long transferred to World of Hyatt at 1:1, and Hyatt is one of the best uses of these points anywhere. The new ratio is 4:3, which is a 25% cut to how far your points stretch on Hyatt award nights.
| Chase Ultimate Rewards points | Hyatt points (old 1:1) | Hyatt points (new 4:3) |
|---|---|---|
| 10,000 | 10,000 | 7,500 |
| 20,000 | 20,000 | 15,000 |
| 40,000 | 40,000 | 30,000 |
| 60,000 | 60,000 | 45,000 |
| 100,000 | 100,000 | 75,000 |
Transfer math per Chase's example: 1,000 points becomes 750 Hyatt points.
The other loss is the 10% anniversary points bonus. Under the old benefit, you earned bonus points equal to 10% of your prior year's spending. That is being discontinued. This one is not a surprise to us, we had been expecting it to go away for a while, so the official end date is really just confirmation of what we saw coming. It mattered most to heavy spenders who ran everything through this card, and honestly, most people will happily trade it for the new credits.
One thing worth knowing: the Chase Sapphire Reserve keeps its 1:1 Hyatt transfers. So if Hyatt is the entire reason you collect these points, the higher-fee Reserve becomes the card that protects that strategy going forward.
Honestly, I think a lot of us saw this coming. Back on May 20, World of Hyatt overhauled its own award chart, going from three pricing tiers to five, and the majority of the hotels that shifted moved up to pricier levels. That was already a quiet devaluation on the redemption side. Now Chase is trimming the transfer ratio on top of it, which is the part that stings. If you book a Hyatt night through Chase points, you can feel both changes on the same reservation: the night may already cost more points than it did in the spring, and your Ultimate Rewards now buy fewer Hyatt points to begin with. That is the double whammy, and it is why this one lands harder than the headline numbers suggest.
Good to Know
The 4:3 Hyatt change is not just a number. If a Hyatt night used to cost you 30,000 points, you now need 40,000 Ultimate Rewards points to cover it. For Hyatt loyalists, that is the real story of this refresh, not the new credits.
Should you apply before June 15?
This is where timing gets interesting, and it is the one genuinely urgent piece. Anyone who already holds the card, or who applies before June 15, 2026, gets all the new benefits on June 15, while temporarily keeping the two perks that are going away. Here is the split:
| Apply before June 15, 2026 | Apply on or after June 15, 2026 | |
|---|---|---|
| All the new benefits | Yes, starting June 15 | Yes, immediately |
| 1:1 Hyatt transfers | Kept through Oct 1, 2026 | 4:3 right away |
| 10% anniversary bonus | Earns on purchases through Oct 1, 2026 | Gone |
Pre-June-15 anniversary bonus is paid out by Jan 31, 2027.
So for a short window, June 15 through October 1, 2026, an existing or early-applying cardholder runs a kind of best-of-both-worlds version: new credits plus the old 1:1 Hyatt ratio and the anniversary bonus still ticking.
Quick Tip
As of today, June 15 is just a few days out. If you were already planning to pick up this card and you care about Hyatt or the anniversary bonus, applying before June 15 locks the legacy perks through October 1, 2026. If you do not chase Hyatt and already have Global Entry elsewhere, there is no rush, just wait.
What this means for flying out of Hawaii
Cards are the engine here, so let me bring it back to the practical move for us. This card earns Chase Ultimate Rewards, which are some of the most flexible transferable points out there, and that flexibility is exactly what you want when you are leaving the islands. The new 3x on vacation homes and gas makes it a stronger everyday earner, while 5x on travel booked through Chase Travel keeps it useful for trip spending.
The honest move depends on who you are. If you are an everyday spender who wants simple value, the refreshed card is better than before, full stop. If you build award trips around Hyatt, factor the 4:3 cut into your plans, or look at whether a higher-tier card protects your strategy. Either way, the points only matter if you know what they are worth, so it pays to understand your points value before you transfer anything, and to keep an eye on transfer bonus windows that can stretch them further.
If you are still figuring out which points-earning card actually fits how you travel off-island, that is exactly the kind of call worth getting a second opinion on before you apply for anything.
Scottie's Take
I like this refresh more than I expected to. Holding the annual fee at $95 while adding 3x gas, 3x vacation homes, and a doubled hotel credit is a genuinely good deal for the everyday traveler, and the Global Entry credit on a sub-$100 card is the kind of perk you usually only see on the premium tiers. For a lot of kamaʻāina, this card just got easier to justify.
That said, I am genuinely bummed about the Hyatt change, and I will admit I am not shocked by it. After Hyatt reworked its own award chart back in May and quietly pushed most of the shifting hotels into pricier tiers, a transfer-ratio trim felt like the next shoe to drop. Now it has, and the 1:1 to 4:3 move is a 25% haircut on what was one of the best redemptions Chase points had. Stack it on top of the May chart changes and Hyatt-via-Chase value takes a real hit. Seeing annual fee tiers start to dictate transfer ratios is a trend I will be watching closely, because once programs find that lever, they tend to keep pulling it.
So here is my bottom line. If Hyatt is your thing, run the numbers before October 1, and if you have been on the fence about this card anyway, the next few days are the cleanest time to grab the old perks before they sunset. For everyone else, the refreshed card is a better everyday earner than it was, and I have no problem recommending it.
What is your read? Are the new credits enough to offset the Hyatt cut for how you travel? Drop a comment or reach out, I would love to hear how you are playing it.
