Points devaluations tracker
Every transfer ratio change, chart restructure, partner removal, and alliance shift affecting US credit card points. Dated, sourced, and cross-linked to the calculator so you can act before the rate goes away.
Upcoming
Effective dates still in the future. Plan ahead and book or transfer before the cutover.
Recent
Already in effect. Use these to retroactively check whether any of your saved transfer paths or sweet spots changed cost.
- Jul 1, 2026ModerateRatio change
HeyMax devalues Accor Live Limitless transfers from 1:1 to 3:2
Effective July 1, 2026, HeyMax will devalue its transfer ratio to Accor Live Limitless from 1:1 to 3:2, reducing the value per Max Mile from approximately 3 cents to 2 cents. Members have until June 30, 2026 to transfer at the current rate.
accor - Jun 30, 2026ModeratePartner removed
Amex Membership Rewards ending Etihad Guest transfers
American Express drops Etihad Guest from Membership Rewards transfer partners effective June 30, 2026. Last day to initiate a transfer: June 29.
etihadAmex MR - Jun 15, 2026ModerateRatio change
Chase cuts Hyatt transfer ratio to 4:3 on two cards
Chase Ultimate Rewards is cutting the transfer ratio to World of Hyatt from 1:1 to 4:3 on Sapphire Preferred and Ink Business Preferred cards, effective June 15 and October 1, 2026 respectively. Premium Sapphire Reserve and Reserve for Business cardholders retain 1:1 transfers.
HyattChase UR - Jun 14, 2026ModerateCategory change
Choice Privileges devalues Japan properties with up to 200% award pricing increases
Choice Hotels has increased nightly award pricing for multiple Japanese properties, with central Tokyo properties rising from 10,000-10,000 points to 20,000-30,000 points per night.
choice - May 20, 2026MajorChart restructure
Hyatt moves to a 5-tier award chart, Cat 8 jumps from 45K to 75K
World of Hyatt replaces its 3-tier (off-peak / standard / peak) award chart with a 5-tier (Lowest / Low / Moderate / Upper / Top) structure effective 8:00 AM CT May 20, 2026. Category 1 floor drops to 3,000 points; the Category 8 ceiling jumps from 45,000 to 75,000, a 67% climb at the top.
HyattChase URBilt - May 20, 2026MajorCategory change
World of Hyatt announces 2026 category changes
World of Hyatt is shifting 136 properties to new award categories on May 20, 2026 at 8:00 AM CDT, with 112 properties (82% of the changes) moving up. The Top tier at Category 8 climbs to 75,000 points (up from 45,000), nine US Category 1-4 hotels lose annual-free-night-certificate eligibility, and five hotels enter Category 8 for the first time. Reservations booked before the cutover lock today's chart.
Hyatt - May 20, 2026ModerateChart restructure
Emirates Skywards devalues awards by 15%, introduces one-way Business Classic tier
Emirates Skywards has devalued award pricing by 15% across its program and introduced a new one-way Business Classic rewards tier.
Emirates - Apr 22, 2026ModerateAlliance change
Hawaiian Airlines joins oneworld
Hawaiian Airlines formally joined the oneworld alliance on April 22, 2026, completing the alliance shift triggered by the Alaska-Hawaiian merger. Hawaiian inventory is now bookable through any oneworld partner currency.
AlaskaChase URAmex MRCiti TYCap1Bilt - Apr 19, 2026MajorRatio change
Citi cuts Choice Privileges and I Prefer transfer ratios
Citi ThankYou Points to Choice Privileges drops from 1:2 to 1:1.5 (2:3); I Prefer drops from 1:4 to 1:2. Both effective April 19, 2026.
choicei_preferCiti TY - Mar 1, 2026ModerateRatio change
Amex MR to Cathay devalues from 1:1 to 5:4
American Express Membership Rewards to Cathay (formerly Asia Miles) transfer ratio dropped from 1:1 to 5:4 effective March 1, 2026. A 20% effective haircut.
Asia MilesAmex MR - Jan 25, 2026ModeratePartner removed
Citi removes Aeromexico Rewards as a transfer partner
Citi ThankYou ended its Aeromexico Rewards transfer partnership effective January 25, 2026. Aeromexico remains valid for Amex MR and Capital One Miles transfers.
aeromexicoCiti TY - Jan 13, 2026ModerateRatio change
Capital One Miles to Emirates devalues from 1:1 to 4:3
Capital One Miles to Emirates Skywards transfer ratio dropped from 1:1 to 4:3 effective January 13, 2026. Roughly a 25% effective haircut.
EmiratesCap1 - Sep 16, 2025ModerateRatio change
Amex MR to Emirates devalued from 1:1 to 5:4 (US)
American Express US Membership Rewards to Emirates Skywards transfer ratio dropped from 1:1 to 5:4 effective September 16, 2025. A 20% effective haircut.
EmiratesAmex MR
How to use this page
Devaluations are the highest-leverage moments in the points hobby. One ratio change can erase the math on a saved redemption overnight. We track these as they happen so you can:
- Lock in pre-cutover rates. When a hotel chart restructures (like Hyatt May 20), bookings made before the cutover usually keep the old chart for the full stay. Acting in the window matters.
- Reroute transfers.When one issuer's ratio drops, another issuer often still has the better rate. We cross-link to alternate paths from the deep page.
- Avoid speculative transfers.Don't move points to a depreciating partner unless you have a booking in hand.
Have an event we missed? Open an issue on our GitHub or DM us on the r/awardtravel launch thread. We update as events surface.