Chase Sapphire Reserve℠

New Hyatt Visa Offer: 2 Free Nights, $50 Credit, 5k Bonus Points

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The Hyatt Visa from Chase is one of the most solid hotel credit cards out there, and it usually comes with a sign-up bonus of two free nights when you spend $1,000 in three months. However, Hyatt just released a new, better sign-up bonus: Not only do you get those two free nights when you meet the minimum spend, but you also get a $50 statement credit after your first purchase with your new Hyatt card, as well as 5,000 bonus points for adding an authorized user to the account.

The details of the new offer.

This is an offer specifically designed for on property, but here are the other card details:

  • Get 2 free nights at Hyatt properties worldwide – in any Category – after you spend $1,000 in purchases on the card in the first 3 months after account opening.
  • Plus a $50 statement credit after your first purchase with the Hyatt Credit Card
  • Earn free nights faster with unlimited Hyatt Gold Passport points
  • 3 points per $1 spent at all Hyatt properties
  • 2 points per $1 spent at restaurants, on airline tickets purchased directly from the airline, and at car rental agencies
  • 1 point per $1 spent on all other purchases made with your card
  • Get 5,000 bonus points when you add an authorized user to your account and make a purchase with your card during the first 3 months as a cardmember.
  • Exclusive benefits with Platinum status as long as you’re a cardmember
  • No foreign transaction fees on international purchases
  • Chip-enabled technology brings you greater worldwide acceptance and advanced security
  • Protection benefits including Lost Luggage Reimbursement, Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Extended Warranty Protection, and more.
  • 1 free night every year after your cardmember anniversary at any Category 1-4 property.
  • $0 introductory annual fee for the first year, $75 thereafter

Just note that the small print says: “This bonus offer is available to you as long as you have not received a new cardmember bonus for the Hyatt Credit Card in the past 24 months.”

My queen room, which felt very similar to the one I had in 2010.
Those free nights can be worth a fortune at properties such as the Park Hyatt Paris – Vendôme.

The fact that this offer comes with a $50 statement credit and carries no annual fee the first year makes the card even more attractive than it already was. Those two free night certificates can be extremely valuable. For instance, you could use them at the Park Hyatt Paris – Vendôme (where I recently stayed), where rooms go for either 30,000 points or €810 ($882) per night. That’s nearly $1,800 of value from the sign-up bonus alone!

The card also carries some other great value-added benefits, including those dining, airline and car-rental bonus categories, automatic Platinum status (which includes a 15% point bonus on eligible spend, 72-hour room guarantee and expedited check-in) as well as that anniversary free night at a Category 1-4 property.

That last perk might get lost in the mix, but remember: Hyatt’s Category 4 includes some stellar properties, such as the Andaz Peninsula Papagayo in Costa Rica, the Park Hyatt Siem Reap in Cambodia and the Grand Hyatt Berlin — all of which regularly offer room rates in the hundreds-of-dollars range, much more than the $75 annual fee that kicks in on the card after your first year.

Standard rooms start at nearly 400 square feet.
You can use your anniversary free night at great Category 4 properties like the Park Hyatt Siem Reap.

Though not listed in the benefits bullets above, the card also awards you with 2 stays/5 nights credit toward elite status when you spend $20,000 in a year, and a further 3 stays/5 nights with another $20,000 spend (up to a total spend of $40,000 in a year).

The card’s travel protections and other features, such as waived foreign transaction fees and Chip technology, make it a good choice for international travel as well.

Hyatt also introduced a cool little promo this winter where Hyatt cardmembers would get a 20% refund on points redemptions, including award stays and Cash + Points stays, so hopefully we’ll see more offers like that.

How It Compares

As I mentioned, overall, this is a solid product, but I still use my two other Chase cards, the Sapphire Preferred and Ink Plus, rather than my Hyatt card for most things. While it earns 3x points on Hyatt purchases, both my other cards earn 2x points at all hotels (on up to $50,000 with the Ink Plus; unlimited with Sapphire Preferred), and the Sapphire Preferred offers 2x on dining and all travel including airfare and car rentals. And the Ultimate Rewards points I earn with those cards transfer instantly to Hyatt at a 1:1 ratio.

However, if you can maximize those free night certificates — both the sign-up bonus and the anniversary ones — as well as the Platinum elite status, the $50 statement credit and this card’s other benefits, this might be the best sign-up opportunity yet for this card.

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 a 'Best Credit Card' for Travel Rewards by MONEY Magazine
  • 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