Chase Ultimate Rewards Transfer Partners (2026): The Full List, Ratios and the Hyatt Catch

Chase Ultimate Rewards has 14 travel transfer partners in 2026: ten airline programmes and four hotel programmes. Almost every one of them moves points at a flat 1:1 ratio, in blocks of 1,000. The exception is World of Hyatt, and which side of that exception you land on depends on the card in your wallet.

That is the whole article in a paragraph, but the details are where the money sits. Below is the current roster, the ratios, the transfer times you can actually plan around, and the Hyatt change that has quietly broken the assumption most Chase guides are still built on.

The 2026 roster at a glance

Chase does not publish a partner list on a public page. The transfer table lives behind the login, inside the Chase Travel portal, which is why third-party roundups vary so widely and why several of them are wrong. Chase's own education page is explicit that you need to sign in and find the "Transfer to Travel Partners" section to see who is on the list and at what rate. The roster below reflects the position as at publication.

Two structural changes explain why the count has moved. Emirates Skywards left the programme in October 2025, taking the airline list down to ten. Wyndham Rewards arrived in February 2026 as the fourth hotel partner, bringing the total back to fourteen. Any guide still showing Emirates, or still counting three hotel partners, is stale.

Airline transfer partners (10)

Three of those ten run on the same currency. British Airways Club, Iberia Plus and Aer Lingus AerClub all earn and spend Avios, and Avios move between them, which gives you three different booking engines pointed at one pool of points. That matters more than it sounds: the same partner seat can price very differently depending on which of the three you book it through, and one programme will sometimes show availability another does not.

The domestic side of the list is unusually strong. United, Southwest and JetBlue between them cover most of the United States, and United's Star Alliance access makes it the default long-haul workhorse for a lot of Chase holders. On the international side, Aeroplan and Flying Blue are the two that consistently reach the widest set of partner airlines.

One name is missing that used to be there. Chase ended its Emirates Skywards partnership on 16 October 2025, and evergreen guides that still list it have simply not been updated. If Emirates is central to your plans, the funding route now runs through American Express Membership Rewards or Capital One, not Chase.

Hotel transfer partners (4)

Wyndham was added as the fourteenth partner on 25 February 2026, and it is a genuinely useful addition for anyone who travels through smaller American towns or uses the Vacasa vacation-rental inventory, where Wyndham points behave unusually well. It is not, for most people, a headline partner. World of Hyatt is, which is exactly why the next section matters.

A note on the IHG line. You will sometimes see IHG quoted at 1:1.7 or similar. That is a live transfer bonus, not the base rate. The base rate is 1:1, and bonuses come and go.

The Hyatt catch, and why it is card-dependent now

For years the reliable move was Chase to Hyatt at 1:1. In June 2026 that stopped being universally true. Chase's own announcement of the refreshed Sapphire Preferred states that Ultimate Rewards points will transfer to World of Hyatt at a rate of 4:3, which means 1,000 Ultimate Rewards points become 750 World of Hyatt points. That is a 25 per cent haircut on the single partner most award travellers reach for.

The change does not hit every card, and the timing splits two ways.

The split is worth stating plainly because most coverage has framed it as a Sapphire Preferred story. It is not. Frequent Miler's reporting confirms the Ink Business Preferred is on exactly the same schedule, and The Points Guy reports that the legacy Ink Plus and Corporate Flex products go the same way. From 1 October 2026, the Sapphire Reserve and Reserve for Business are the only Chase cards that still send points to Hyatt at full value.

The practical read depends on how you actually spend. If Hyatt is where most of your Chase points end up, and you hold only the Preferred, the maths on your best redemption route has quietly got a quarter worse, and the higher annual fee on the Reserve is now buying something concrete rather than a list of perks. If Hyatt is occasional for you, 4:3 is an annoyance rather than a reason to change cards. Either way it makes speculative transfers to Hyatt a bad idea: move points when you have a specific booking in front of you, not before. Our guide to World of Hyatt status tiers covers what those points buy once they land.

Which cards can actually transfer

Not every card that earns Ultimate Rewards can move them out. Chase's education pages name the Sapphire Reserve, Sapphire Preferred and Ink Business Preferred as the cards offering transfers, and the Sapphire Reserve for Business joins them. Several closed products keep the ability, including the legacy Ink Plus, Ink Bold and the J.P. Morgan Reserve.

Everything else earns points that are stuck until you move them. Freedom Flex, Freedom Unlimited, Freedom Rise, Ink Business Cash and Ink Business Unlimited all accrue Ultimate Rewards, but those points cannot reach a travel partner directly. The workaround is standard and instant: move them into the Ultimate Rewards account attached to a transfer-eligible card first, then transfer out from there. Point-to-point moves between your own Chase accounts are free and unlimited.

One card that looks like it belongs on the list does not. The Ink Business Premier earns cash-back-denominated rewards and cannot transfer to travel partners at all, even if you hold a Sapphire card alongside it. If a guide tells you otherwise, check the portal before you plan around it.

The rules that catch people out

Transfers are one-way. Once points leave Ultimate Rewards for an airline or hotel account, Chase cannot pull them back. The discipline this demands is simple and almost universally ignored: find the award space first, confirm it is bookable, then transfer. Our guide to booking award flights with credit-card points walks through the sequencing in detail.

The minimum is 1,000 points, in 1,000-point increments. You cannot shave off an odd 200 points to top an account up to an exact award price, which means most transfers leave a small orphan balance behind in the partner programme.

Household transfers work, with conditions. There are two separate things here and conflating them causes most of the confusion. Moving points between two Chase Ultimate Rewards accounts is allowed for one member of your household, and after the first time it can usually be done online. Transferring Ultimate Rewards straight into someone else's airline or hotel account is narrower: that person must be a household member and an authorised user on one of your card accounts, and once you designate them, they are the only external loyalty account you can send points to. The name on the receiving account has to match, and small variations do cause failures.

Speed varies more than the marketing suggests. Most partners are effectively instant, but KrisFlyer, Marriott and Wyndham commonly take a day or more, and Chase's own terms commit only to next business day with an outside window of seven business days. If you are chasing a seat that may not survive the wait, either hold the award where the programme allows it, or accept the risk knowingly.

What about redeeming through Chase Travel instead?

The old rule of thumb, 1.5 cents per point on the Reserve and 1.25 on the Preferred through the travel portal, no longer applies and should be treated as obsolete. Chase replaced those flat multipliers with Points Boost, which pays a variable rate on selected inventory: up to 2x on the Sapphire Reserve for hotels in The Edit and selected top-booked hotels and flights, and up to 1.5x on the Sapphire Preferred. Everything outside the boosted inventory redeems at one cent per point.

There is a grandfathering wrinkle worth knowing if you have held the Reserve for a while. Points earned before 26 October 2025 keep a 1.5-cent floor on Chase Travel bookings until late October 2027, and the system applies whichever of the two rates is better. Points earned after that date get the new baseline plus whatever Boost applies.

Pay Yourself Back still exists but has been cut repeatedly through 2026, and most of its remaining categories carry expiry dates. The broad conclusion has not changed: for anyone with the time to search award space, transferring beats the portal on almost every long-haul premium-cabin booking and most Hyatt stays. The portal earns its place when you need a specific flight on a specific day and award space simply is not there.

Which partners earn their keep

Leaving aside cents-per-point arithmetic, which changes with every award search, a few partners reliably give Chase points a longer reach.

• World of Hyatt remains the strongest hotel route even at 4:3, and on the Reserve at 1:1 it is in a different league from the other three.
• Air Canada Aeroplan and Air France-KLM Flying Blue for award flights across Europe, the Atlantic and beyond, both with broad partner access and reasonable availability.
• Virgin Atlantic Flying Club for a small number of specific partner sweet spots that have survived several rounds of repricing.
• The three Avios programmes for short-haul and distance-based redemptions, where three booking routes into one currency give you genuine optionality.
• Singapore Airlines KrisFlyer for premium cabins on Singapore Airlines itself, which no other Chase partner can book at saver levels.

The right partner is the one that prices the trip you actually want. That is the whole game with transferable points, and it is why holding them flexibly for as long as possible beats picking a favourite programme in advance.

Keeping track of it

The awkward part of holding a currency like Ultimate Rewards is that the useful view is never your Chase balance on its own. It is your Chase points plus whatever you have already moved into KrisFlyer, Flying Blue, Hyatt and the rest, set against the trips you have booked and the status you are trying to hold. By default that is a dozen logins and a spreadsheet. A tracker such as Miles Mosaic pulls those balances into one view without asking for a programme password, which makes it easier to see when a transfer genuinely makes sense. The free Explorer tier is ad-supported and Pro is $14.99 a month.

Whatever you use, the discipline is the same. Know the fourteen partners, respect the 1,000-point minimum, confirm the seat before you transfer, and check which side of the Hyatt line your card sits on before you assume 1:1.