Oct 1, 2026majorChase cuts Hyatt transfers to 4:3
Chase cuts Hyatt transfers to 4:3
1:1 → 4:3
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Chase Devaluations: The Complete Record
Every documented Chase points devaluation — dated, sourced, and graded. Updated automatically.
Chase has made 16 documented changes in the trailing 24 months, most recently Oct 1, 2026. Next scheduled change: Dec 1, 2026. Current risk grade: High Risk.
Cadence: 13 documented devaluations since 2025, averaging 1.5 months apart. (Improvements not counted.)
Upcoming: 3 scheduled changes on the record, next effective Dec 1, 2026. Not counted above until effective.
Questions
How many times has Chase devalued?
13 documented devaluations on our documented record since 2025. Improvements are tracked separately and never netted in.
When did Chase last devalue?
October 1, 2026 on our documented record: 10% anniversary points bonus discontinued.
What was Chase's biggest devaluation?
Chase cuts Hyatt transfers to 4:3 (October 1, 2026) — rated major on our documented record.
Transfer partner changes.
Only the transfer-ratio and partner changes — the “is my bank cutting partners” question at a glance.
Oct 16, 2025moderatebenefit removed
Emirates Skywards removed as transfer partner
The complete record.
Jan 1, 2027minorimprovement
Anniversary Free Night cap raised from 40,000 to 50,000 points for certificates issued from 2027
40,000-point cap → 50,000-point cap
Dec 31, 2026moderatebenefit removed
Aeroplan card's 10% Ultimate Rewards transfer bonus ends December 31
10% bonus on 50,000+ point transfers (25,000/yr cap) → No card transfer bonus
Dec 1, 2026moderatefee increase
Annual fee rises from $95 to $195 at renewals from December 1
$95 → $195
Oct 1, 2026minorbenefit removed
10% anniversary points bonus discontinued
10% anniversary points bonus → no anniversary bonus
Oct 1, 2026majorChase cuts Hyatt transfers to 4:3
Chase cuts Hyatt transfers to 4:3
1:1 → 4:3
Oct 1, 2026minorimprovement
Monthly DoorDash promo rises from $5 to $15 and becomes usable on any eligible order
$5 monthly restaurant-only promo ($25/month total) → $15 any-order promo ($35/month total)
Sep 20, 2026minorbenefit removed
Cell phone protection removed from Freedom Flex
Cell phone protection up to $800 per claim, $1,000 per 12 months → No cell phone protection
Sep 10, 2026minorimprovement
Automatic Aeroplan 25K status added with no spending requirement
25K status required $15,000 annual spend → 25K status automatic
Sep 1, 2026minorbenefit removed
Advance reservations eliminated at Phoenix Sapphire Lounge; walk-up only from September 1
Free advance reservations (14 days–24 hrs out) via Chase app → Walk-up only
Aug 24, 2026moderatebenefit removed
Benefits page rewritten with weaker protections; Guide to Benefits unchanged (unconfirmed)
6-hr delay / $10,000 purchase protection (per guide) → 12-hr / $500 (per marketing page; unconfirmed)
Aug 15, 2026moderatebenefit removed
Priority Pass and LoungeKey access removed; connecting-flight window extended to 5 hours
Aug 10, 2026minorbenefit removed
The Edit credits restricted on back-to-back stays at the same property
Both $250 Edit credits usable on back-to-back stays → Restriction withdrawn as an error — both credits still work on back-to-back stays
Feb 25, 2026moderateimprovement
Wyndham Rewards added as 1:1 transfer partner
No partner → 1:1 permanent partner
Jan 15, 2026minorbenefit removed
Unlimited free lounge guests ends for Ritz-Carlton cardholders
Unlimited free lounge guests → 2 free guests per visit
Dec 22, 2025moderateother
Guaranteed 2-cent Points Boost value at The Edit hotels quietly ended
2.0 cents per point (The Edit, guaranteed) → up to 2.0 cents (variable; 1.65 documented)
Oct 16, 2025moderatebenefit removed
Emirates Skywards removed as transfer partner
Jun 23, 2025majorfee increase
Annual fee rises from $550 to $795
$550 → $795
Jun 23, 2025majorother
Fixed portal redemption multipliers replaced by base 1 cent per point plus selective Points Boost
Mar 24, 2025moderatefee increase
Annual fees rise across the United card lineup; award-ticket upgrades ended
$525 (United Club card) → $695
Aug 26, 2018moderateimprovement
JetBlue TrueBlue added as 1:1 transfer partner
No partner → 1:1 permanent partner
Nov 13, 2017moderateimprovement
Aer Lingus AerClub and Iberia Plus added as 1:1 transfer partners
Indirect/no direct partner → 1:1 permanent direct partners