As of 2026, American Express Membership Rewards does NOT transfer directly to World of Hyatt. This is one of the most significant "blind spots" in the Amex ecosystem, as Hyatt is a primary partner of Chase Ultimate Rewards. If you have Amex points and want to stay at a Hyatt, your best option is to use the "Amex Travel" portal to book your stay, though this usually yields a lower value (around 1 cent per point) compared to a direct transfer. Alternatively, you could transfer Amex points to Marriott Bonvoy or Hilton Honors (which are direct partners), though Hyatt is generally considered to have a more lucrative award chart. For 2026, "Chase" remains the exclusive credit card partner for direct, 1:1 transfers to World of Hyatt. If you are a dedicated Hyatt loyalist, it is often more strategic to hold a Chase Sapphire or Ink card alongside your Amex cards to bridge this gap in your points-and-miles strategy.