Hyatt Points + Cash Awards Now Available Online
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Hyatt began offering award nights with a combination of Gold Passport points and cash beginning early last year, but you could only book these award stays by calling Hyatt — you couldn’t even check availability online. Fortunately (or unfortunately, depending on who’s asking), Points + Cash stays can now be searched and booked on Hyatt’s website.
Here’s how to do it:
To start, search for the city or property you’d like to visit. When the paid rates appear, select the “Show Hyatt Gold Passport Points & Awards” option. You’ll see the base rooms listed, along with the points requirement.
You can click over to “Points + Cash” to see the availability for redeeming with that combo. Note that while all-points awards can be booked whenever a standard room is available, Points + Cash requires special inventory. In the Grand Hyatt New York example above, you can either redeem 25,000 points or save half the number of points per night when you add in some cash. In this case, you’re offsetting 12,500 points with just $150, so you’re essentially “buying” 12,500 points for $150, or 1.2 cents per point.
As you can see above, the amount of Points + Cash you’ll need to pay varies depending on the hotel category. Additionally, the cash co-pay doesn’t quite match up with the standard points redemption amount.
In the Category 5 hotel example above, you’re paying 1.2 cents per point, but if you look at some of the categories in the chart above, you’ll be paying more than that in some cases. Take Category 7, for example, which includes properties like the Park Hyatt Sydney and Park Hyatt Tokyo. You’ll be cutting the redemption amount in half by adding cash, but saving 15,000 points will require spending $300, or 2 cents per point. That’s not nearly as good of a deal.
Of course, it’s very important to check the full-cash rate as well. For example, on the same date that you’ll redeem 25,000 points or 12,500 points + $150, you can book a room for just $219. Considering TPG values Hyatt Gold Passport points at 1.8 cents each, that’s a much better deal than either of those options.
Note that if you’re short on Hyatt points, you can instantly transfer Ultimate Rewards at a 1:1 ratio. You can easily earn Ultimate Rewards points with cards like the Chase Sapphire Preferred or Ink Plus, both of which are currently offering generous sign-up bonuses.
H/T: One Mile at a Time