Hyatt Reducing Credit Card Sign-Up Bonus, Effective June 29
Update: Some offers mentioned below are no longer available. View the current offers here.
We're learning of some disappointing news from Chase and Hyatt today. Effective June 29, 2017, the Hyatt Credit Card sign-up bonus will be dropped from two free nights at any Hyatt property in the world to 40,000 points after meeting the required minimum spend.
The Hyatt Card currently has a sign-up bonus of two free nights after spending $2,000 in the first three months of account opening. That bonus has the potential to be extremely valuable, as the two nights can be used at any Hyatt hotel or resort in the world. When rates at some properties — like the Park Hyatt New York — exceed more than $1,000 per night, the two free nights bonus presents tremendous value.
However, as of June 29, that bonus will be changing to 40,000 World of Hyatt points after spending the same $2,000 within the first three months. Based on TPG's most recent valuations, 40,000 points are worth $720. So, while the points you earn from signing up and bonus points you'll earn from meeting the minimum spend will still put you well on your way to a Hyatt redemption, which start at 5,000 points per night, the two free nights offer potentially more value, since Hyatt's top hotels require 30,000 points per night.
Other card features will remain intact, though. You'll still earn 3x points on Hyatt purchases, 2x points at restaurants, airline tickets purchased directly from the airline and at car rental agencies and 1x points on all other purchases. In addition, you'll continue to get a free night at any Category 1-4 property every year as long as you're a cardholder, complimentary Discoverist status and there will continue to be no foreign transaction fees. Essentially, the only change with this news comes in the form of its sign-up bonus.
If you've been thinking about signing up for the Hyatt Card, it could be best to apply by next Wednesday, June 28, in order to take advantage of the two free night offer. Keep in mind that the Hyatt card doesn't appear to fall under Chase's 5/24 policy. Overall though, it's nice of Chase and Hyatt to give potential new cardholders a bit of notice so you can plan in advance and ensure you're able to get the two free nights if that's what you'd prefer. Of course, if you think the 40,000 points present more value for your situation, it'll be worth waiting a bit until that sign-up bonus becomes available on June 29.
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.