Transferable points for hotels in 2026: Hyatt split by card, Wells Fargo at 1:2, portal cpp is not the whole map

What happened

Hotel-side transferable points did not sit still in 2026 while a third-party cents-per-point table got redrawn. Issuers and hotel programs moved the pipes. Chase split Hyatt by card. Wells Fargo posted Wyndham at 1:2. Citi already cut Choice and I Prefer. Amex added LHW Leaders Club. Hyatt replaced a three-tier award chart with five.

What transferable points are, versus cobrand miles, is a separate explainer: What are transferable points. This note is only the lodging exits: pay in a travel portal, or send points into a hotel program and book an award night.

Portals: Boost has a ceiling, Bilt has a floor

Chase Travel’s Points Boost page says eligible cards can get extra value on marked top-booked hotels and select flights. The same terms still price ordinary Chase Travel redemptions at about 1 cent per point under the Ultimate Rewards agreement.

The high end is written mainly for Sapphire Reserve and J.P. Morgan Reserve: up to about 2x on qualifying The Edit hotels, which is about 2 cents per point. Sapphire Preferred copy sits closer to about 1.5x. Offers rotate. It is not every hotel in Chase Travel. Media checks have also shown that the share of The Edit stays that still clear a full 2 cents per point can shrink, with more hotels landing in the middle.

Bilt is a different floor. A Bilt newsroom note prices Travel Portal redemptions at 1.25 cents per point. The Points Guy uses the same hotel number. Unlike Chase Boost, that rate is commonly the portal rate on hotels, not a subset with a rocket icon.

If you hold a Sapphire Reserve and you are using The Edit as a cash credit, that is a separate ledger from burning points on Boost. See 2026 CSR The Edit.

Chase to Hyatt: 1:1 is now a card perk

The Points Guy’s Sapphire Preferred refresh is the public write-up: World of Hyatt is no longer 1:1 across the Ultimate Rewards transfer cards.

• Chase Sapphire Reserve and Chase Sapphire Reserve for Business stay 1:1.
• Chase Sapphire Preferred and Ink Business Preferred (plus some legacy Ink cards named in that coverage) move to 4:3. Send 40,000 Ultimate Rewards, land 30,000 Hyatt.
• Timing: new applications about 15 June 2026 see 4:3 immediately. Existing cards commonly keep 1:1 through 1 October 2026.

The usual workaround is to combine Freedom-family balances onto a Reserve account, then transfer. Preferred holders without a Reserve pay 4:3 after October.

Hyatt’s own prices moved too. The Points Guy award chart says that from 20 May 2026, standard rooms use five labels (Lowest, Low, Moderate, Upper, Top) instead of Off-Peak / Standard / Peak. Category 8 Top is publicly listed at 75,000 points a night. The old Peak was commonly 45,000. Hyatt is still one of the last big US chains with a published chart. The old “peak is 45k” memory is not the default.

Bilt to Hyatt is still publicly 1:1, same ratio as Reserve. If you have Bilt and no Chase premium card, that hotel pipe was not split to 4:3.

Wells Fargo at 1:2, after Citi already cut

Wells Fargo’s release (15 April 2026) adds Wyndham Rewards at 1:2 for eligible Rewards cards, with no minimum balance and no waiting period. The Points Guy notes Chase, Citi, Capital One, and Bilt still commonly send to Wyndham at 1:1, which is why 1:2 stands out on that partner.

Choice Privileges is the other midscale pipe. Citi moved first. The Points Guy report: from 19 April 2026, annual-fee ThankYou cards (Strata Elite / Premier and similar) drop Choice from 1:2 to 1:1.5, and I Prefer from 1:4 to 1:2. Public roundups still commonly list Wells Fargo to Choice at 1:2. The live transfer page wins.

Independent luxury: Amex 4:1, Citi 5:1

US Amex Membership Rewards now lists Leaders Club at The Leading Hotels of the World. The public ratio is 4:1 (1,000 MR → 250 Leaders Club), often with a 1,000-point floor. Citi ThankYou to the same program is commonly 5:1. Do not mix that pipe with Platinum Sterling status. Full note: Amex to LHW.

Bilt to Accor Live Limitless is publicly 3:2. Citi and Capital One to Accor are more often 2:1. Accor prices awards in a fairly fixed euro offset. The ratio only matters against that night’s cash rate.

Wells Fargo · Wyndham 1:2 release Chase · Points Boost TPG · Preferred to Hyatt at 4:3 TPG · Hyatt award chart

Carddoger take

For hotels in 2026, split three paths. Do not treat a third-party average cpp ranking as a fact.

1. Portal floor. Bilt hotels commonly pay 1.25 cents per point across the catalog. Chase Boost can print a higher ceiling, only on marked offers, and Reserve versus Preferred caps differ.
2. Transfer ratios. Hyatt now follows the card. Reserve and Bilt stay 1:1. Preferred is 4:3. Wells Fargo uses 1:2 on Wyndham (and, on public lists, Choice) to add hotel depth. Citi’s Choice and I Prefer pipes are thinner. Amex’s LHW route beats Citi’s ratio and is still 4-for-1.
3. The hotel’s own chart. After Hyatt’s five tiers, a peak night can cost more than the number in your head. Confirm space, then transfer.

Transfers usually cannot be reversed. Freedom points need to sit on a Reserve account before a 1:1 Hyatt send. If you do not hold the card in someone else’s screenshot, the ratio on your login wins.

Issuer transfer pages, live Chase Travel / Bilt Travel quotes, and each hotel program’s calendar win. This is a public-note roundup. It is not apply or redeem advice.