Bilt Rewards to Drop Hyatt Transfer Ratio to 4:3 in 2027

Bilt Rewards will lower its World of Hyatt transfer ratio from 1:1 to 4:3 beginning January 1, 2027, a change posted on October 1, 2026. Under the new terms, members must transfer 10,000 Bilt Points to receive 7,500 Hyatt points, reducing the value of each redemption.

This is not the only program to devalue Hyatt transfers. On the same date, Chase reduced the transfer ratio for Sapphire Preferred® cardholders who opened before June 15, 2026, to 4:3. However, Sapphire Reserve® cardholders carrying the $795 annual fee still enjoy a 1:1 ratio.

The devaluation marks a significant loss for Bilt point holders. World of Hyatt remains the most valuable major hotel loyalty program, with points worth approximately 1.8 cents each when redeemed for award stays, per NerdWallet’s latest analysis.

Here is how the shift may impact your travel strategy:

What Bilt members should do

Bilt members and cardholders have until year-end to transfer at the current 1:1 ratio. While we generally advise against speculative transfers since they cannot be reversed, this window offers a chance to lock in thousands of points for future Hyatt stays.

Nerdy Tip

Bilt cardholders earning Bilt Cash on purchases can accelerate point accumulation by redeeming Cash for points on housing payments within the next two months. Up to $100 in Bilt Cash rolls over annually.

Award prices are going up, too

Transfer ratios are not the only change. In May, World of Hyatt introduced new award tiers that increased peak-night point requirements by up to 67%. Although pricing jumps have been gradual, the revised structure accommodates further increases.

The contrast is stark when viewed side by side. A standard room at Park Hyatt Tokyo, a Category 8 property, required 45,000 Hyatt points for a peak night earlier this year—a 1:1 transfer from Bilt would cover it. By April 2027, the same room costs 75,000 points, and under the new 4:3 ratio, Bilt cardholders must transfer 100,000 points to book it—more than double the previous requirement.

How Bilt and Chase compare in 2027

The 4:3 ratio reshapes the choice between Bilt and Chase for 2027.

Frequent Hyatt travelers may consider the Sapphire Reserve® for its 1:1 transfer ratio, but should evaluate whether its other benefits—such as credits for The Edit hotels and StubHub—justify the annual fee. Outside bonus categories, the Reserve earns 1x, while the $495 Bilt Palladium Card earns 2x.

Purely on non-bonus spending, the Palladium Card can be more efficient. A Sapphire Reserve® cardholder spends $1,000 to earn 1,000 Hyatt points at 1x, while a Palladium cardholder spends roughly $667 to earn 1,334 Bilt points—enough to transfer 1,000 Hyatt points at the new 4:3 ratio.

About the author

Meghan Coyle is an editor on the Travel Rewards team and the co-host of the Smart Travel podcast. She covers travel credit cards, airline and hotel loyalty programs, and how to travel on points. Meghan is based in Los Angeles and has a love-hate relationship with LAX.

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