Program newsHyatt World of Hyatt: policy change, announced Oct 15. Read more
Loyalty Program Devaluation Index
Latest prices: October 2026Checked Oct 16 – Oct 21, 2026Site updated Oct 21, 2026Next update: November 2026

Program news

Every change a tracked program or card announced, with how much warning members got. Each one gets a prediction: what the index should show, and in which month.

So far: 10 changes, 9 of them with a date they take effect. Among those, the median warning was 92 days; 3 took effect the day they were announced, and the longest gave 282 days.

Chart 1. From announcement to effect · each bar runs from the day a change was announced to the day it took effect; the white line is today
Bad for membersGood for membersUnclearToday
JunJulAugSepOctNovDecJan ’27FebMarAprMayJun
113 days · Chase UR → Hyatt World of Hyatt
83 days · Wyndham Rewards
same day · Etihad Guest
282 days · Emirates Skywards
same day · IHG One Rewards → Air India Maharaja Club
113 days · Hyatt World of Hyatt + American AAdvantage
93 days · Korean Air SKYPASS
92 days · Hyatt World of Hyatt + Bilt
same day · Hyatt World of Hyatt
  • Oct 15, 2026Announced on blogEffective Oct 15, 2026
    Good for membersPolicy changeNo notice

    Hyatt World of Hyatt

    World of Hyatt launched free online member-to-member points transfers at 1:1, replacing the emailed PDF form, with a 1,000-point minimum, six outgoing transfers and 525,000 points sent/received per calendar year.

    PredictionNot logged yet. The first month that can show the effect is Round 3 (October 2026).
  • Oct 1, 2026Announced on blogEffective Jan 1, 2027
    Bad for membersTransfer ratio92 days’ notice

    Hyatt World of Hyatt + Bilt

    Bilt changes its transfer ratio from 1000:1000 to 4000:3000 for all card tiers.

    PredictionNot logged yet. The first month that can show the effect is the next round.
  • Sep 15, 2026Announced on press releaseEffective Dec 17, 2026
    Unclear for membersPolicy change93 days’ notice

    Korean Air SKYPASS

    Korean Air absorbs Asiaa; Asiana Club folds into SKYPASS with flight-earned miles converting 1:1 and partner-earned miles 1:0.82, Asiana elite tiers matched into Morning Calm plus a new Morning Calm Select tier.

    Negotiations hold award seat availability at or above pre-integration levels and require annual redemption volume 20%+ above both carriers' combined pre-merger total. Asiana balances stay separate and redeemable on the 2024-12-31 Asiana chart for 10 years. The 1:0.82 partner-mile haircut is the negative component but prices Asiana balances, not SKYPASS, so no effect on KE basket rows.

    PredictionNot logged yet. The first month that can show the effect is the next round.
  • Sep 9, 2026Announced on press releaseEffective —
    Good for membersPartner addednull days’ notice

    Hyatt World of Hyatt + Delta Skymiles

    Hyatt and Delta launched a long-term partnership; World of Hyatt elites earn Hyatt points on qualifying Delta airfare and Delta Skymiles can be transferred to Hyatt points for select accounts/flights

    Elite-only at launch. Earning rates, eligibility, and any transfer mechanism undisclosed. Effective date given only as "coming months."

    PredictionNot logged yet.
  • Sep 9, 2026Announced on blogEffective Dec 31, 2026
    Bad for membersPartner removed113 days’ notice

    Hyatt World of Hyatt + American AAdvantage

    American and Hyatt are ending the enhanced tie-up; AAdvantage members lose the ability to redeem miles for Hyatt awards (Loyalty Point Rewards ends).

    PredictionNot logged yet. The first month that can show the effect is the next round.
  • Sep 4, 2026Announced on press releaseEffective Sep 4, 2026
    Good for membersPartner addedNo notice

    IHG One Rewards → Air India Maharaja Club

    IHG One Rewards and Air India Maharaja Club launched a partnership: Maharaja Club members earn 2 points/USD at most IHG brands; IHG points convert one-way to Maharaja Points at 1,000:200 (5:1).

    PredictionNot logged yet. The first month that can show the effect is Round 2 (September 2026).
  • Aug 23, 2026Announced on websiteEffective Jun 1, 2027
    Bad for membersPolicy change282 days’ notice

    Emirates Skywards

    Emirates changed its point expiration policy. Under the old rule, miles earned May 10th, 2024 by a member with a July birthday expire on 31 July 2027; the same miles for a March-birthday member expire March 31st 2028. Under the new rule, points earned May 10th, 2028 for a July birthday would still expire May 10th, 2031. Now it's 36 months instead of a birth month policy

    old rule only helped points expire LATER than 36 months, never before. So, 0-11 months of points validity is now lost. This only applies for miles earned after June 1st, 2027

    PredictionNot logged yet. The first month that can show the effect is the next round.
  • Aug 11, 2026Announced on websiteEffective Aug 11, 2026
    Good for membersPartner addedNo notice

    Etihad Guest

    Etihad added STARLUX as a redemption partner

    Until October, you can only redeem with Starlux; earning Etihad miles via Starlux starts in October

    PredictionNot logged yet. The first month that can show the effect is Round 1 (August 2026).
  • Jun 24, 2026Announced on websiteEffective Sep 15, 2026
    Unclear for membersPolicy change83 days’ notice

    Wyndham Rewards

    Replaced 7,500 point tier with 5000, and added a premium 45k tier

    Live 2026-09-15. Cheapest properties down up to 33%, most expensive up up to 50%. Wyndham never published property-level tier assignments, so the size is only observable by re-pricing. Pre-9/15 WYN prices are stale; re-pull all four WYN basket rows.

    PredictionNot logged yet. The first month that can show the effect is Round 3 (October 2026).
  • Jun 10, 2026Announced on blogEffective Oct 1, 2026
    Bad for membersTransfer ratio113 days’ notice

    Chase UR → Hyatt World of Hyatt

    Chase cuts the Ultimate Rewards to World of Hyatt transfer ratio from 1:1 to 4:3 for many premium cards, while Sapphire Reserve cards keep 1:1.

    ratio change already in effect for cards issued after june 15th

    PredictionNot logged yet. The first month that can show the effect is Round 3 (October 2026).