In short: 14 transfer partner changes at Chase, Amex, Capital One, Citi and Bilt between January and October 2026. Six were additions, eight were cuts or removals, including Hyatt at Chase, Emirates at Capital One and Cathay Pacific at Amex. Checked October 20, 2026.
Transfer partners change more than people think. Here's everything that changed at Chase, Amex, Capital One, Citi and Bilt this year, oldest first.
- Jan 13 Capital One: Emirates cut to 4:3 (worse)
- Jan 25 Citi: Aeromexico removed (worse)
- Feb 25 Chase: Wyndham added at 1:1 (better)
- Mar 1 Amex: Cathay Pacific cut to 5:4 (worse)
- Mar Bilt: Wyndham added at 1:1 (better)
- Apr 18 Citi: Choice cut to 1:1.5, I Prefer cut to 1:2 (worse)
- May 2 Bilt: Spirit gone (the airline stopped flying) (worse)
- Jun 15 Chase: Hyatt 4:3 for new Sapphire Preferred cardholders (worse)
- Jun Bilt: I Prefer added at 1:2 (better)
- Jun 30 Amex: Etihad removed (worse)
- Jul 28 Amex: Leading Hotels of the World added at 4:1 (better)
- Sep 20 Citi: Japan Airlines added at 1:1 (better)
- Oct 1 Chase: Hyatt 4:3 for everyone on Sapphire Preferred and Ink Business Preferred (worse)
- Oct 20 Bilt: JetBlue added at 1:1 (better)
The full list
| When | Bank | What changed | |
|---|---|---|---|
| Jan 13 | Capital One | Emirates cut to 4:3 | Worse |
| Jan 25 | Citi | Aeromexico removed | Worse |
| Feb 25 | Chase | Wyndham added at 1:1 | Better |
| Mar 1 | Amex | Cathay Pacific cut to 5:4 | Worse |
| March | Bilt | Wyndham added at 1:1 | Better |
| Apr 18 | Citi | Choice cut to 1:1.5, I Prefer cut to 1:2 | Worse |
| May 2 | Bilt | Spirit gone (the airline stopped flying) | Worse |
| Jun 15 | Chase | Hyatt 4:3 for new Sapphire Preferred cardholders | Worse |
| June | Bilt | I Prefer added at 1:2 | Better |
| Jun 30 | Amex | Etihad removed | Worse |
| Jul 28 | Amex | Leading Hotels of the World added at 4:1 | Better |
| Sep 20 | Citi | Japan Airlines added at 1:1 | Better |
| Oct 1 | Chase | Hyatt 4:3 for everyone on Sapphire Preferred and Ink Business Preferred | Worse |
| Oct 20 | Bilt | JetBlue added at 1:1 | Better |
The pattern
- Big names got cut. Emirates, Cathay and Hyatt all got worse at one bank or another.
- Additions are mostly hotels and second-tier airlines. Wyndham showed up at two banks.
- Cheaper cards are getting worse ratios than premium cards. The Chase Hyatt change and Citi's American Airlines split both work this way.
By bank
- Chase: 1 better, 2 worse (both Hyatt).
- Amex: 1 better, 2 worse.
- Capital One: 1 worse.
- Citi: 1 better, 2 worse.
- Bilt: 3 better, 1 worse.
Other changes worth knowing
- Citi ended Points Sharing between people on May 17. You can still combine points across your own cards.
- Wells Fargo added Cathay Pacific at 1 to 1 on April 28.
- U.S. Bank Altitude Reserve can now transfer to airlines and Accor (August 11). The card is closed to new applicants.
Coming next
- Bilt to Hyatt goes 4 to 3 on January 1, 2027.
- Chase's old 1.25 and 1.5 cent travel value for older points ends October 26, 2027.
The lesson: don't sit on a big balance waiting for the perfect trip. Ratios can change before you use them.