diff --git a/plugins/obs-ffmpeg/obs-ffmpeg-nvenc.c b/plugins/obs-ffmpeg/obs-ffmpeg-nvenc.c
index 017d2577c..302a61004 100644
--- a/plugins/obs-ffmpeg/obs-ffmpeg-nvenc.c
+++ b/plugins/obs-ffmpeg/obs-ffmpeg-nvenc.c
@@ -158,6 +158,10 @@ static bool nvenc_update(void *data, obs_data_t *settings)
 		rc = "CBR";
 	}
 
+	/* The "default" preset has been deprecated */
+	if (preset && astrcmpi(preset, "default") == 0)
+		preset = "hq";
+
 	info.format = voi->format;
 	info.colorspace = voi->colorspace;
 	info.range = voi->range;
@@ -384,7 +388,7 @@ static void nvenc_defaults(obs_data_t *settings)
 	obs_data_set_default_int(settings, "keyint_sec", 0);
 	obs_data_set_default_int(settings, "cqp", 23);
 	obs_data_set_default_string(settings, "rate_control", "CBR");
-	obs_data_set_default_string(settings, "preset", "default");
+	obs_data_set_default_string(settings, "preset", "hq");
 	obs_data_set_default_string(settings, "profile", "main");
 	obs_data_set_default_string(settings, "level", "auto");
 	obs_data_set_default_bool(settings, "2pass", true);
@@ -448,7 +452,6 @@ static obs_properties_t *nvenc_properties(void *unused)
 #define add_preset(val) \
 	obs_property_list_add_string(p, obs_module_text("NVENC.Preset." val), \
 			val)
-	add_preset("default");
 	add_preset("hq");
 	add_preset("hp");
 	add_preset("bd");