Should You Transfer Chase Points to Hyatt Before Oct. 1?

The Points Guy writer is deciding whether to transfer Chase points to Hyatt before the transfer ratio drops to 4:3 on Oct. 1. They have top-tier Hyatt Globalist status and tend to keep their Hyatt points balance low, transferring Chase Ultimate Rewards points to Hyatt as needed. The writer usually maxes out the number of Hyatt points they can buy each year, but the impending change leaves them wondering if they should transfer some Chase points to Hyatt at a 1:1 ratio before Oct. 1. They consider the pros and cons of speculatively transferring Chase points to Hyatt, including locking in the 1:1 transfer rate and having a Hyatt balance to use for future stays. However, they also weigh the risks of transferring Chase points to Hyatt without plans to immediately book any award stays, such as not being able to transfer points elsewhere and the possibility of World of Hyatt devaluing.