travel
Sapphire Preferred Got Worse: Does Reserve Pay Off Now?
Chase quietly kneecapped the Sapphire Preferred in mid-2026. The card that millions used as their everyday travel workhorse lost its 10% anniversary bonus on total spend. Worse, World of Hyatt transfers dropped from a clean 1:1 to 4:3 for new applicants immediately and for existing holders after October 1. That's a straight 25% haircut on one of the most valuable transfer partners in the ecosystem.
