Starting June 15, 2026, Chase upgraded the Sapphire Preferred with 3x gas/EV, 3x vacation rentals, a doubled $100 hotel credit, and a Global Entry credit — same $95 fee. The catches: the 10% anniversary bonus ended (purchases after October 1, 2026 don't earn it) and Hyatt transfers drop to 4:3 on this card.
By Vamsi, RewardsGuru.club. Published June 10, 2026, updated October 2, 2026.
TL;DR: Starting June 15, 2026, Chase upgraded the Sapphire Preferred and kept the $95 annual fee. New: 3x on gas and EV charging, 3x on vacation rentals (Airbnb, Vrbo, and similar), the Chase Travel hotel credit doubles to $100, a new $120 Global Entry/TSA PreCheck/NEXUS credit every four years, Emergency Evacuation coverage up to $100,000, and a year of Apple TV. Two catches: the 10% anniversary points bonus has ended (purchases after October 1, 2026 don't earn it), and Chase points transfer to Hyatt at 4:3 (down from 1:1) on the Preferred specifically.
This is the biggest Sapphire Preferred change in years, and most of it is upside. Here's exactly what's new, what's worth money, and the two downgrades you should know about.
| Category | Points |
|---|---|
| Chase Travel (flights, hotels, cars, cruises, vacation homes, activities) | 5x |
| Dining worldwide, including takeout and eligible delivery | 3x |
| Online groceries (excludes Target, Walmart, wholesale clubs) | 3x |
| Select streaming services | 3x |
| Gas and EV charging | 3x (new) |
| Vacation rentals booked direct (Airbnb, Vrbo, etc.) | 3x (new) |
| All other travel | 2x |
| Everything else | 1x |
Dining stays at 3x — it was never cut. There's also limited-time 5x on Lyft through September 30, 2027, and 5x on Peloton equipment over $150 through December 31, 2027.
1. The 10% anniversary points bonus has ended. Chase: "The 10% Anniversary Bonus Benefit is being discontinued, effective immediately for cardmembers who apply on or after June 15, 2026. For cardmembers who applied prior to June 15, 2026, eligible purchases made through October 1, 2026, will continue to earn the 10% bonus, which will be awarded by January 31, 2027." Purchases made after October 1, 2026 don't earn it on any Sapphire Preferred.
2. Hyatt transfers drop to 4:3, but only on this card. Ultimate Rewards points now move to World of Hyatt at 4:3 instead of 1:1 on the Sapphire Preferred (and the Ink Business Preferred). That means 1,000 points become 750 Hyatt points — roughly 133 Chase points for every 100 Hyatt points. It's effective immediately for new applicants and October 1, 2026, for existing cardmembers.
Here's the part the announcement buries: the Sapphire Reserve isn't on Chase's list of cards that move to 4:3, so it keeps the 1:1 Hyatt transfer. The Freedom cards can't transfer to Hyatt on their own; their points reach Hyatt through a Sapphire Preferred, Sapphire Reserve or Ink Business Preferred, at the rate of the card they're transferred from. So for Hyatt, the card you transfer from sets the rate: 1,000 Chase points become 1,000 Hyatt points from a Reserve and 750 from a Preferred.
For everyday spending, yes. Gas at 3x is the big one — at $250 a month on gas, that's about 9,000 points a year you weren't earning before, worth roughly $180 at our 2¢-per-point valuation. Add the doubled hotel credit (about $50 more a year) and the Global Entry credit (around $30 a year amortized), and you pick up real value with no fee increase. The welcome bonus is unchanged: 75,000 points after $5,000 spend in three months, about $1,500 at our valuation.
The honest trade-off is Hyatt. If transferring to Hyatt is your strategy, the Preferred just got worse at it, and you'd want the Reserve or a Freedom card for those transfers. For everyone else, this is simply a better $95 card.
The Preferred stays the value pick at $95. The Reserve costs a lot more but keeps the 1:1 Hyatt transfer and layers on bigger travel credits and lounge access. If you don't transfer to Hyatt and don't need lounges, the refreshed Preferred is the better deal for most people. See our full Sapphire Preferred vs Sapphire Reserve breakdown for the numbers.
When do the new Sapphire Preferred benefits start? June 15, 2026, for both new and existing cardmembers. Existing cardmembers get an email that day.
Did the annual fee go up? No. It stays $95.
Does the Sapphire Preferred still earn 3x on dining? Yes. Dining stays at 3x worldwide, including takeout and eligible delivery. The refresh added gas/EV and vacation rentals; it didn't cut anything you earn on dining.
What changed with Hyatt transfers? Ultimate Rewards points transfer to World of Hyatt at 4:3 (down from 1:1) on the Sapphire Preferred and Ink Business Preferred. The Sapphire Reserve and Freedom cards keep 1:1.
Do I need to do anything to get the new perks? No, except the Apple TV subscription, which you activate by December 31, 2026. The $100 hotel credit requires prepaying a hotel through Chase Travel.
Sources verified June 10, 2026: Chase's official "Meet the New Chase Sapphire Preferred" announcement (media.chase.com). Annual fee, earn rates, and the hotel credit are drawn from our verified card database. The anniversary-bonus section was updated October 2, 2026, against the same announcement.