Chase Sapphire Reserve℠
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Question

What Is The Best Credit Card For Hyatt Stays?

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Update: Some offers mentioned below are no longer available. View the current offers here – The Enhanced Business Gold Rewards Card from American Express OPEN

TPG reader Chris asks:

“I have an expensive Hyatt stay coming and I’m not sure which card would be best: Chase Hyatt Visa (3x Hyatt points for Hyatt stays), Sapphire Preferred (2.14x Ultimate Rewards) or the Amex Business Gold (1x Membership Rewards points and either 5% discount or 2x Membership Rewards through OPEN Savings)?”

Amex OPEN Savings allows you to earn points and get a 5% discount
Amex OPEN Savings allows you to earn points and get a 5% discount

In general, I’d use the American Express Business Gold Rewards card which offers 1x Membership Rewards and either a 5% OPEN Savings Discount or 2x Membership Rewards points as the most valuable of the three options. I value Membership Rewards points at about 1.8 cents apiece plus the 5% is a 6.8% rebate.  I wouldn’t choose this option if the stay is at a non-US Hyatt, because the card has a nasty 2.7% foreign transaction fee which would negate 2.7% of those savings.
Hyatt VisaSecond would be the Hyatt Visa at 3x Hyatt points. Hyatt points are valuable because top-tier hotels are only 22,000 points, so I conservatively value Hyatt points at about 1.9 cents a piece, so a 5.7% rebate. The downside here is that you doubling down on Hyatt, but depending on any upcoming promotions you may be able to get even more points and lately Hyatt has been adding extra bonuses for Hyatt Visa cardholders which could easily make this the best option.

Also, the card gives 2 stay credits and 5 night credits toward Diamond status upon spending $20,000 in each calendar year. You can get an additional 3 stay credits and 5 night credits toward Diamond status upon spending $40,000 in each calendar year. So if this stay will push you over either of these thresholds and you’re chasing Diamond status, this may be the best choice. Note: If you make a booking at Hyatt.com, you’ll often get offered the card with the $75 annual fee waived for the first year (usually the fee is not waived).

2x on all travel, which includes hotels, airfare, taxis, parking, public transportation and more
2x on all travel, which includes hotels, airfare, taxis, parking, public transportation and more

Third would be the Sapphire Preferred, which gives 2x points on all travel and then a yearly 7% annual dividend on points earned, so 2.14x points per dollar. I value Chase points at about 2.1 cents a piece because they can be instantly transferred to Hyatt, United, Southwest, British Airways, Virgin Atlantic, Korean Air, Ritz-Carlton, Marriott, Intercontinental and Amtrak. Essentially you’re getting ~4.5% back through this method – more or less depending on how you can leverage those transfer partners.

Chase Sapphire Preferred® Card

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  • 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
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 16.24%-23.24% Variable Introductory Annual Fee of $0 the first year, then $95 0% Excellent Credit