Chase Sapphire Preferred Just Got Better Without Costing You More: Every 2026 Change Explained

Chase Sapphire Preferred adds new perks in 2026 — 3x points on gas and vacation rentals, a $100 hotel credit, $120 Global Entry credit, and free Apple TV+ — all at the same $95 fee. But Hyatt transfers drop 25%. Full changes and deadlines inside.

Quick summary if you're short on time : Starting June 15, 2026, the Chase Sapphire Preferred adds new bonus categories (3x on gas, EV charging, and vacation rentals), doubles its hotel credit to $100, adds a $120 Global Entry/TSA PreCheck credit, throws in a free year of Apple TV+, and upgrades its travel insurance — all while keeping the annual fee at $95. The trade-off: Hyatt point transfers get 25% worse, and the 10% anniversary bonus is ending for new applicants. For most people, the card is now better. For Hyatt loyalists, there's an important deadline below.

What Is Changing, Exactly?

Here's the complete list of changes, side by side, so you can see the full picture at a glance:

Everything else about the card stays the same: 5x on Chase Travel bookings, 3x on dining, streaming, and online groceries, and 2x on other travel.

What This Means for You

The same change can be great news or bad news depending on how you use the card. Find yourself below.

If you drive regularly

This is your biggest win. The card never rewarded fuel before — now every fill-up or EV charging session earns 3x points. If you spend, say, $200 a month on gas, that's 7,200 points a year instead of 2,400. At a typical valuation of 2 cents per Chase point, that's roughly $144 in annual value from gas alone.

If you book Airbnbs or Vrbos

Vacation rentals jump from 2x to 3x. A $2,000 Airbnb trip now earns 6,000 points instead of 4,000. Modest on paper, meaningful over a few trips a year.

If you book hotels through Chase Travel

The annual credit doubles from $50 to $100, and it works flexibly — you don't have to use it in one booking. Helpful detail for current cardholders: if you already used your $50 credit this year, you get another $50 after June 15.

If you don't have Global Entry or TSA PreCheck yet

The new $120 credit covers the full Global Entry application fee (which includes TSA PreCheck). This perk used to exist only on cards charging $400+ a year. Just pay the application fee with the card and the credit applies automatically.

If you transfer points to Hyatt — read this carefully

This is the one genuinely bad change. Hyatt has long been the single most valuable transfer partner for Chase points, and the ratio is dropping from 1:1 to 4:3. In plain numbers: 10,000 Chase points used to become 10,000 Hyatt points. Soon they'll only become 7,500.

Your deadlines :

• New cardholders (applying on or after June 15, 2026): the worse ratio applies immediately.
• Existing cardholders: you keep the 1:1 ratio until October 1, 2026. If you've been saving points for a Hyatt redemption, transfer them before this date.

If you valued the 10% anniversary bonus

It's going away for anyone who applies on or after June 15, 2026. If you applied before that date, you'll keep earning it through October 1, 2026, with points posting by January 31, 2027. If you've been considering this card and want the bonus, applying before June 15 locks it in for a few more months.

The Math: Is $95 Still Worth It ?

Adding up just the easy-to-use credits:

• $100 hotel credit (annual)
• $120 Global Entry credit (worth $30/year averaged over 4 years)
• Apple TV+ for a year (currently $9.99/month, so ~$120 if you'd pay for it anyway)

So Who Wins and Who Loses?

You come out ahead if : you're an everyday traveler who books hotels, drives, uses Airbnb, and redeems points through Chase Travel or for flexible travel. The experts who view this refresh positively point to exactly this — more value, same price.

You come out behind if : your entire points strategy was built on Hyatt transfers. Losing 25% of your transfer value is real, and some loyalty-industry analysts have called the refresh a net negative for serious points collectors for this reason. Your options: move points before October 1, pair the card with a Sapphire Reserve, or accept the lower ratio.

Frequently Asked Questions

Do I need to do anything to get the new benefits?

Mostly no. The new earning rates and credits apply automatically. The two exceptions: Apple TV+ requires activation by December 31, 2026, and the Global Entry credit triggers when you pay the application fee with the card.

I'm an existing cardholder. Does the Hyatt change hit me on June 15?

No — you have until October 1, 2026. Only people who apply on or after June 15 get the new ratio immediately.

Does the Sapphire Reserve have the same Hyatt downgrade?

No. The Reserve (and the Reserve for Business) keeps the 1:1 Hyatt ratio. The downgrade applies to the Sapphire Preferred and the Ink Business Preferred.

Should I cancel the card over the Hyatt change?

For most people, no — the added perks outweigh the loss unless Hyatt transfers were your primary use of points. Run your own numbers based on how you actually redeem.

Is the annual fee really staying at $95?

Yes. Chase confirmed the fee is unchanged, which is unusual — issuers typically raise fees when they add benefits, as Amex and others have done repeatedly.

Sources

This article is based on Chase's announced changes as reported in June 2026 by Upgraded Points, Thrifty Traveler, Afar, and Travel and Tour World. Benefit terms described here reflect information available as of the publication date.

Disclaimer

This article is for informational purposes only and is not financial advice. Card benefits, credits, transfer ratios, and terms are set by the issuer and can change at any time — always verify current terms directly with Chase before applying or making decisions based on this information. If this site contains affiliate links, we may earn a commission when you apply through them, at no extra cost to you.