No, Hyatt (World of Hyatt) is not a direct transfer partner of American Express Membership Rewards. This is a common point of confusion for points-and-miles enthusiasts because Hyatt is a marquee partner of Chase Ultimate Rewards. You cannot move Amex points directly to Hyatt at a 1:1 ratio. However, in 2026, there is a "workaround" that involves transferring Amex points to Marriott Bonvoy or Hilton Honors and then attempting to move those to other partners, but this almost always results in a massive loss of value and is not recommended. If you have Amex points and want to book a Hyatt stay, your most efficient path is to book through the "Amex Fine Hotels + Resorts" or "The Hotel Collection" portal using your points at a value of 1 cent per point, though this won't give you Hyatt "points-style" outsized value. For those whose primary goal is Hyatt stays, the best strategy remains using a Chase Sapphire or Ink card, as the 1:1 transfer from Chase to Hyatt remains the "gold standard" of travel rewards, often yielding values of 2 to 3 cents per point for luxury stays at Park Hyatt or Andaz properties.