June has been a very busy month for Chase credit card news. Between elevated Chase Ink business card offers, the biggest-ever Sapphire Reserve bonus, Sapphire Preferred updates, and the upcoming Hyatt transfer changes, a lot is happening in the Chase Ultimate Rewards world.
If you collect Chase points, these updates are worth paying attention to because the dates matter.
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Quick timeline of Chase bonus changes in 2026
April 30, 2026: Chase launched the biggest-ever public Sapphire Reserve bonus: 150,000 points after $6,000 spend in 3 months.
June 15, 2026, at 9 a.m. Eastern: The Sapphire Reserve 150,000-point offer is expected to end.
June 15, 2026: New Sapphire Preferred updates begin for new applicants, including the updated Hyatt transfer ratio for new Sapphire Preferred cardholders.
June 2026: Elevated Ink Business Unlimited and Ink Business Cash offers: 100,000 points after $8,000 spend in 4 months.
June 2026: Sapphire Reserve for Business℠ offer: 200,000 points after $30,000 spend in 6 months.
October 1, 2026: The new Chase to World of Hyatt 4:3 transfer ratio applies to existing cardholders, including Sapphire Preferred (if applied before June 15h, 2026) and Ink Business Preferred cardholders.
Chase Ink Business Card Offers: 100,000 Chase Ultimate Rewards points
Chase has just announced NEW elevated offers on two popular no-annual-fee business cards:
Ink Business Unlimited® Credit Card
Earn a $1,000 bonus cash back after spending $8,000 in the first 4 months after account opening.
Ink Business Cash® Credit Card
Earn $1,000 bonus cash back after spending $8,000 in the first 4 months after account opening.
Even though these cards are marketed as cash-back cards, Chase rewards are tracked as Ultimate Rewards points. That means a $1,000 bonus is effectively 100,000 Chase Ultimate Rewards points.
The Ink Business Unlimited is the simpler card because it earns flat cash back on every purchase. The Ink Business Cash is better for people who can maximize bonus categories like office supply stores, internet, cable, phone services, gas stations, and restaurants.
Important Chase Ink eligibility language
This is the part you should not skip. Chase’s current eligibility language says:
“The new cardmember bonus may not be available to you if you have ever had this card or any other Chase for Business card without an annual fee.”
That is important because both the Ink Business Unlimited and Ink Business Cash have no annual fee.
In plain English: if you have had one of these no-annual-fee Chase business cards before, you may not be eligible for the new bonus (aka points offer).
You should also consider your overall Chase profile, including your 5/24 status (unpublished policy where Chase will automatically deny your application for a new Chase credit card if you have opened 5 or more credit cards across any bank in the past 24 months), business information, credit profile, and recent applications. Although business credit cards do not count towards 5/24 themselves, you have to be 4/24 to be approved.
The important detail: Ink Business Cash and Ink Business Unlimited points do not transfer directly to airline and hotel partners on their own.
To unlock airline and hotel transfers, you need to combine those points with a premium Chase Ultimate Rewards card, such as:
Sapphire Preferred
Sapphire Reserve
Ink Business Preferred
Sapphire Reserve for Business
Once points are combined with an eligible premium card, they can be transferred to travel partners. But now, which premium card you transfer from matters more than before because of the Hyatt ratio change.
Who is eligible for Chase Business Credit Cards?
You do not need a large company, employees, or a formal corporation to apply for a Chase business credit card. Many people may qualify with a small business, side hustle, or self-employment income.
You may be eligible to apply for a Chase business card if you are a:
freelancer
consultant
content creator
reseller
online seller
rideshare or delivery driver
real estate agent
independent contractor
small business owner
LLC owner
sole proprietor
person with a side hustle
In many cases, sole proprietors can apply using their Social Security number, even if they do not have an EIN. If you do have an EIN for your business, you may be able to include it on the application, but it is not always required for sole proprietors.
When applying, Chase will typically ask for both personal and business information. This may include your legal name, address, Social Security number, business name, business structure, annual business revenue, estimated monthly spend, years in business, number of employees, and business category.
If you are applying as a sole proprietor, your business name can often simply be your own legal name. For example, if you do freelance work, consulting, reselling, content creation, or another small business activity under your own name, you may be able to apply as a sole proprietor without forming an LLC.
The most important thing is to be accurate and honest on the application. Do not inflate revenue, invent a business, or apply for a business card if you do not have any legitimate business activity.
Sapphire Reserve 150K Offer Ends June 15, 2026
The personal Chase Sapphire Reserve® currently has its biggest-ever public offer:
150,000 Chase Ultimate Rewards points after spending $6,000 in the first 3 months.
This offer is expected to end on June 15, 2026, at 9 a.m. Eastern.
This is important because the Sapphire Reserve keeps the stronger Hyatt transfer setup. While some other Chase cards are moving to a 4:3 Hyatt transfer ratio, Sapphire Reserve cardholders are expected to keep 1:1 transfers to World of Hyatt.
So if Hyatt is one of your favorite Chase transfer partners, the Sapphire Reserve may become even more valuable compared with other Ultimate Rewards cards.
Sapphire Reserve for Business: 200,000-Point Offer
The other major Chase business card offer right now is the Sapphire Reserve for Business℠. Current offer:
Earn 200,000 bonus points after spending $30,000 in the first 6 months after account opening.
This is a much larger minimum spend requirement, so it will not make sense for everyone. But for business owners who can naturally spend $30,000 in 6 months, this is a huge Chase Ultimate Rewards bonus.
Like the personal Sapphire Reserve, the Sapphire Reserve for Business is a premium Chase card and can be very useful for people who want to transfer Ultimate Rewards points to World of Hyatt at 1:1 and airline partners.
Sapphire Preferred changes start June 15, 2026
The Chase Sapphire Preferred® is also getting a refresh starting June 15, 2026.
The biggest downside for points-and-miles people is the World of Hyatt transfer change. For new Sapphire Preferred cardholders who apply on or after June 15, 2026, Chase to Hyatt transfers move from 1:1 to 4:3 immediately.
Chase Sapphire Preferred
You can earn a signup BONUS of 100,000 Ultimate Rewards Points when you sign up for the Chase Sapphire Preferred Credit Card and spend $5,000 in the first three months of card membership. This bonus alone is worth at least $2,000 in travel rewards when transferred to travel partners such as Hyatt!
REWARDS RATE
1x-5x
BONUS VALUE
$2,000
SIGN-UP BONUS
100,000 points
ANNUAL FEE
$95
That means:
10,000 Chase points = 7,500 Hyatt points
For existing affected cardholders, the new Hyatt transfer ratio takes effect on October 1, 2026.
But Chase is also adding several new Sapphire Preferred benefits, so the card is not only getting worse. The refresh includes new bonus categories, a higher hotel credit, and additional travel perks.
New and Updated Chase Sapphire Preferred benefits
The updated Sapphire Preferred card will add:
NEW: 3x points on gas and EV charging
NEW: 3x points on vacation homes, including top brands like Airbnb, Vrbo, and more
UPDATED: $100 Chase Travel hotel credit every account anniversary, doubled from the previous $50 credit
UPDATED: Expanded travel protections, now including Emergency Evacuation and Transportation coverage
NEW: Up to $120 Global Entry, TSA PreCheck, or NEXUS credit every four years
NEW: Complimentary Apple TV subscription for one year when activated by December 31, 2026. Terms apply.
Cardmembers will also continue earning:
5x points on Chase Travel purchases, including flights, hotels, rental cars, cruises, activities, and tours
2x points on all other travel worldwide
3x points on dining worldwide, including takeout and eligible delivery services
3x points on select streaming services
3x points on online grocery purchases
5x points on Lyft rides through September 30, 2027
5x total points on eligible Peloton equipment and accessory purchases over $150 through December 31, 2027
1x point on all other purchases
The card will also continue to offer Points Boost through Chase Travel, where cardmembers can get more value when redeeming Ultimate Rewards points on select hotels and flights, plus complimentary DashPass membership and up to $10 off per month on groceries, daily essentials, and more on DoorDash. Terms apply.
My Take on the Sapphire Preferred Refresh
The new Sapphire Preferred benefits are useful, especially the 3x on gas and EV charging, 3x on vacation rentals, the $100 Chase Travel hotel credit, and the Global Entry/TSA PreCheck/NEXUS credit.
But for people who mainly use Chase Ultimate Rewards points for Hyatt, the new 4:3 transfer ratio is a real downgrade.
So the card may become stronger for everyday earning and Chase Travel users, but weaker for Hyatt loyalists.
Bottom line
June 2026 is a major month for Chase credit card updates, and these offers are strong, but they are not automatic wins for everyone.
The Ink Business Unlimited® and Ink Business Cash® are showing an elevated $1,000 (100,000 Chase Ultimate Rewards points) bonus cash-back offers after $8,000 in spending over 4 months.
The personal Chase Sapphire Reserve® may be worth considering if you want the biggest-ever 150,000-point Sapphire Reserve bonus before it ends on June 15, 2026, especially if you care about keeping 1:1 Chase to Hyatt transfers.
The Sapphire Reserve for Business℠ is also showing a major 200,000-point welcome offer after $30,000 in spending over 6 months, but it only makes sense if your business can meet that spend naturally.
The Chase Sapphire Preferred® refresh is more mixed. The card is adding useful new benefits like 3x points on gas and EV charging, 3x points on vacation rentals, a higher $100 Chase Travel hotel credit, and a Global Entry, TSA PreCheck, or NEXUS credit.
But the new Chase-to-Hyatt 4:3 transfer ratio is a real downgrade for travelers who primarily use Ultimate Rewards points for Hyatt stays. New Sapphire Preferred applicants on or after June 15, 2026, get the new Hyatt transfer ratio immediately, while existing cardholders will see the change on October 1, 2026.
In short, this is not just about chasing the biggest Chase welcome bonus. It is about timing, eligibility, minimum spend, annual fees, transfer partners, and choosing the Chase card that actually matches how you use your points.
