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Last night the Oneworld Mega Do domestic portion kicked off with a party at the Dallas Ft. Worth Airport Hyatt Regency. Hyatt is the hotel sponsor of the event, so naturally Gold Passport head Jeff Zidell addressed the crowd and unveiled their new spring promotion.
I was able to snap a picture before he flipped the slide, but it’s at an angle so here’s the key information:
1) The promo is based on nights, not stays
2) Bonuses are cumulative, so you get each level threshold when you hit those number of nights, plus any prior bonuses
3) You get a 25% bonus if you have the Chase Hyatt Visa
4 nights = 4,000 point bonus plus 1,000 if you have the credit card
8 nights = 8,000 additional bonus points plus 2,000 additional if you have the credit card
12 nights = 12,000 additional bonus points plus 3,000 additional if you have the credit card
16 nights = 20,000 additional bonus points plus 5,000 additional if you have the credit card
Total haul if you do 16 nights would be 44,000 plus 11,000 if you have the credit card
This is a pretty decent promotion, especially compared to the competition. Starwood is currently offering a double/triple promotion through April 8, 2012 that gives double points on stays of 2 nights or less and triple for 3 days or more. The Starwood promotion favors those with expensive stays that stay at least 3 nights in a row, whereas Hyatt is better for those who may have a bunch of different 1 night stays – even at cheap properties.
Hyatt also has lower thresholds for their top hotels – only 22,000 points for their nicest properties including Park Hyatt Paris and Maldives.
This also gives a solid incentive to get the Hyatt Visa, which I was going to apply for anyway during my next round of credit card applications. As a Diamond member, the sign-up bonus is 2 nights in a suite after $1,000 spend within the first 3 months at any Hyatt after my first purchase. Plus, you get an additional 3 Hyatt points per dollar spent at Hyatt and the card does not have foreign transaction fees. It does have a $75 annual fee, but you get a free night at a category 1-4 night every year upon renewal, which more than pays for the annual fee.
Current Platinum members get 2 award nights and two suite upgrades after first purchase.
Non-elites get 1 night free after first purchase and another night after spending $1,000 within 3 months.
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