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Now through December 10, 2014, Hyatt Gold Passport is running a promotion offering up to a 30% bonus on purchased points. While a 30% bonus is pretty standard for Hyatt buy-points promos, the current offer is better than past promotions, since the bonus isn’t tiered based on how many points you purchase. You can score the 30% bonus when buying as few as 5,000 points.
Normally, Gold Passport points cost 2.4 cents apiece, but with this promotion, the cost per point drops to 1.85 cents. If you wanted to max out this promo by purchasing 55,000 points (the maximum you can now purchase in a single calendar year), you would end up with 71,500 points for a total of $1,320.
I value Hyatt points at about 1.8 cents apiece, which is pretty much in line with this promo value. However, keep in mind that Hyatt Gold Passport is an instant 1:1 transfer partner of Chase Ultimate Rewards if you have the Sapphire Preferred or Ink Plus cards. If you’re have some upcoming Hyatt redemptions, transferring points might be a better option.
As with all buy-points promos, its value depends on how you plan to redeem your points. Hyatt has some amazing top-tier properties around the world, such as the newly opened flagship Park Hyatt New York City.
Rates there in January start around $608 or 30,000 points per night. That’s a value of about 2 cents per point. If you purchased points for a redemption through this promo, you would spend about $550 – only an incremental savings.
Another of Hyatt’s exclusive Category 7 properties is the luxurious Park Hyatt Beaver Creek. If you wanted a little ski getaway this January, you would end up paying rates starting at $999 or 30,000 points per night.
Again, buying points for that redemption with the 30% bonus promotion would cost you $550, so in this case you’d save nearly half.
The lower and mid-tier categories also present some great opportunities. For example, the Andaz Papagayo in Costa Rica (where I stayed last year) has rooms for about $500 per night in January. It’s only a Category 4 hotel, which means award nights start at 15,000 points (and there is availability).
If you purchased points for an award stay through this promo, you’d be spending about $277.50 per night, which is again a discount of almost 50% off standard room rates. You’d be subject to award availability, but if you play your points right, you can come out way ahead.
Note that these transactions are processed by Points.com, so they don’t count as travel or hotel purchases if you have a card that offers a spending bonus in those categories.
Here are the rest of the T&C:
Offer available for purchases made between 12:00 am ET November 10, 2014 and 11:59 pm ET December 10, 2014. Bonus points will be awarded upon completion of individual transactions. Offer only available when points are purchased for the purchaser’s account. Offer not valid for transactions gifting points. Offer may be withdrawn or changed without notice. Offer cannot be combined with any other offer. Only purchases made online are eligible for the promotion.
Price includes all applicable fees. GST/HST will be charged to Canadian residents. This transaction is completed by Points.com. Purchased points are not refundable and transactions are non-reversible. Purchased points are applicable toward all Hyatt Gold Passport awards. Points purchased using this option will post within 48 hours. Purchased points do not count toward Hyatt Gold Passport elite membership tiers. All Hyatt Gold Passport Terms and Conditions apply. With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.
With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.