Chase Sapphire Preferred Overhaul: Fresh Perks, Hyatt Transfer Drops to 4:3

Chase Sapphire Preferred keeps a $95 annual fee and adds perks like 3x points on gas/EV charging and vacation home rentals, up to a $100 hotel credit, a year of Apple TV, up to $120 in Global Entry/TSA PreCheck/NEXUS credits, and emergency evacuation coverage. However, the World of Hyatt transfer ratio drops from 1:1 to 4:3, and the 10% anniversary points bonus is being removed. Positive changes take effect June 15, 2026 for new accounts; existing cardholders or those who apply before then see the negatives on Oct 1, 2026. The Hyatt devaluation is the biggest hit, potentially outweighing new perks for some. If Hyatt transfers matter, alternatives like Bilt Rewards offer 1:1 Hyatt transfers but come with complexity; otherwise the card remains a strong, versatile travel option for many.