Chase Sapphire Preferred 2026 Refresh: What Changed
What got better
The refreshed card keeps its $95 annual fee and adds several genuine perks. New bonus categories earn 3x on gas and EV charging and 3x on vacation rentals such as Airbnb and Vrbo, the annual hotel credit through Chase Travel doubled from $50 to $100, and the card now includes a Global Entry or TSA PreCheck credit of up to $120 every four years plus one complimentary year of Apple TV if you activate by the end of 2026. For a mid-tier card, that is a meaningful bump in everyday value. See are annual fees worth it.
What got worse
Two changes sting. The transfer ratio to World of Hyatt, long one of the best reasons to hold a Sapphire card, fell from 1 to 1 to 4 to 3, meaning 4,000 points now become 3,000 Hyatt points instead of 4,000. New applicants felt this on June 15, 2026, and existing cardholders are affected from October 1, 2026. The 10 percent anniversary points bonus, which added points equal to 10 percent of your prior year spending, was also removed. See is it worth transferring Chase to Hyatt.
The honest verdict
For most cardholders the added categories and credits roughly offset or beat the lost anniversary bonus, so the everyday value holds up. The Hyatt cut is the real loss, because a 25 percent worse ratio directly reduces the currency's best redemption. If Hyatt was your main reason for holding the card, the math is genuinely weaker now, though Chase points still transfer to Hyatt at a ratio no other bank except Bilt can match. See best points for Hyatt.
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