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Now through the end of 2013 Gold Passport members can purchase Hyatt gift cards at a 10% discount when they enter the promo code GPGIFT at checkout. You can purchase up to $2,000 in gift cards, and the promo code even appears to work on stay certificates as well, which can be potentially very valuable since some of them can be used across a wide variety of properties and mean huge potential savings, though capacity controls can be tight.
You can find out more about stay certificates here, but in the meantime a 10% discount is still a good deal, especially if you have some last-minute Hyatt stays coming up in an elite status qualification (or requalification) sprint for the end of the year.
Not only that, but remember that if you have an Amex OPEN card, like the Business Gold Rewards, Business Platinum or even the Starwood Preferred Guest card for Business, you get an additional 5% rebate on Hyatt purchases, bringing your overall savings to 15%. But then you can factor in the Membership Rewards points or Starwood Preferred Guest points you’re earning and your return on spending is upped another 2% or so.
TopCashBack is also offering a 3% rebate on Hyatt bookings when you click through their page, so all in all you’re looking at a savings of about 20% factoring everything in.
Granted, this will all take a bit of advanced planning and a lot of clicking, and you’re limited to $2,000 in certificates or gift cards, but if you can maximize this promo and you know you’ll be spending the money on Hyatt stays anyway, you could be saving up to 20% of your spend and still getting all the Hyatt and other points as well as elite status qualification for your Hyatt stays, all while spending less money than you would just booking hotels as normal.