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The Chase Hyatt Visa card has a pretty incredible sign-up bonus: Two free nights at any Hyatt property in the world after $1,000 spend within the first 3 months– including showstoppers like the Park Hyatt Maldives ($1000+ a night) and the Park Hyatt Paris Vendome (which, as I write this post in the wee hours of August 5, has rooms available using points or credit card nights and the rate for a basic room is 600 euros/ $847).
The Honeymoon Phase
I’ve helped many people book out-of-this-world honeymoons using a combination of these free nights (just think – 2 for the groom/bride, 2 for the bride/groom and even more if you have generous parents/siblings/friends who would get the card and give you their free nights), and either purchased or earned Hyatt points.
Better yet, if you are a Hyatt Diamond and you get the card, your two free nights are in a suite. The lowest-priced suite I could find online (Prestige Suite) at the Park Hyatt Paris is going for 1,840 Euros/ $2,597 a night.
So when it comes to aspirational uses of credit card sign-up bonuses, the Hyatt card can deliver if you know how to use those free nights. However, the question was always “So what do I get after the first year and I still have to pay the $75 annual fee for the card?”
Turns out Hyatt didn’t want to lose those loyal customers, and just answered: a free night at a category 1-4 hotel (their top tier is 6). So while it’s a little disappointing you can’t redeem for another bonanza room for a night, it will be very easy to get at least your annual fee back in value just from the yearly renewal free night.
Hyatt Categories 1-4 Ain’t Bad!
While I think some hotel chains really load their lower/mid categories with undesirable hotels, Hyatt has a number of category 4 propertiesthat I go to frequently or would like to stay at. For example:
-Park Hyatt Melbourne
-Park Hyatt Seoul
-Park Hyatt Saigon
-Park Hyatt Hamburg
-Grand Hyatt Beijing
-Grand Hyatt Shanghai
-Grand Hyatt Doha
-Grand Hyatt Berlin
–Andaz West Hollywood (one of my go-to LA hotels)
-Hyatt Regency San Francisco
–Hyatt Regency Washington
-Hyatt Regency Boston
-Hyatt at the Bellevue (Philadelphia)
-Hyatt at Olive 8 (Seattle)
So overall, I think this is a really good enhancement to one of the top hotel credit cards and one of only a handful of credit cards out there that doesn’t assess foreign transaction fees. (If you want a full rundown of my picks for the top hotel cards, check out this past Sunday’s reader question post on the topic.)
Hat tip View from the Wing.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards