This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available – IHG Rewards Club Select Credit Card

TPG reader Austin sent me a message on Facebook to ask about co-branded credit cards:

“Since Ultimate Rewards points transfer to Hyatt at 1:1, does it make sense to have both the Chase Sapphire Reserve and the Hyatt Visa card?”

When you’re deciding whether to keep or cancel a credit card, it’s important to look at the big picture and think about how each card fits into your portfolio as a whole. You might find that some of your cards come with overlapping benefits, and it’s not worth paying an extra annual fee for coverage you already have. This is true for high-level perks like lounge access and elite status, but it’s also true for simple features like the extra points you earn from bonus spending categories.

Austin’s question provides a great example: The Hyatt Credit Card earns 3 points per dollar at Hyatt properties, and 2 points per dollar at restaurants and on select travel purchases. By comparison, the Chase Sapphire Reserve earns 3 Ultimate Rewards points per dollar spent on travel and dining, and both categories are pretty inclusive, so it’s easy to rack up points quickly. Those points transfer to Hyatt (and other travel partners), so you can actually earn Hyatt points faster by paying with Sapphire Reserve, even at Hyatt properties.

That said, there are good reasons to keep the Hyatt Card even if it isn’t the best option for earning points. For starters, you’ll get a free night at any Category 1-4 property each year after your cardmember anniversary. That night could easily cost you $200 if you paid cash, so I think that benefit alone is enough to justify paying the annual fee. You’ll also get automatic Gold Passport Platinum status, which offers some decent low-level perks like extra points and late check-out.

You can redeem your free night certificate at Category 1-4 properties like the Grand Hyatt Seoul.

I generally favor earning transferable points because they give you more opportunities to maximize the return on your spending. However, I keep a lot of co-branded hotel credit cards for the perks they offer. In terms of Ultimate Rewards transfer partners, I think both the IHG Rewards Club Select Credit Card and Marriott Rewards Premier Credit Card are worth keeping for the annual free nights and elite status. The Ritz-Carlton Rewards Credit Card is a premium card with a higher annual fee, but it offers good value if you can take advantage of the Club Level upgrades, $300 annual travel credit and other benefits.

For more on maximizing hotel and airline credit cards, check out these posts:

If you have any other questions, please tweet me @thepointsguy, message me on Facebook or send me an email at

Featured image courtesy of the Hyatt Regency Atlanta.

2018 TPG Award Winner: Premium Card of the Year
Chase Sapphire Reserve®

SIGN-UP BONUS: 50,000 Points


CARD HIGHLIGHTS: 3X points on all travel and dining, $300 annual travel credit, points transferrable to over a dozen travel partners

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
Intro APR on Purchases
Regular APR
19.24% - 26.24% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each balance transfer, whichever is greater
Recommended Credit
Excellent Credit

Know before you go.

News and deals straight to your inbox every day.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.