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Earning via the traditional method (actually staying in hotels) is just one way to accumulate points toward your next free night. Fortunately, hotel chains make it relatively easy to accrue points without traveling, whether through credit card offers or by utilizing shopping portals and dining reward programs. You can also purchase points directly from the hotel.

If you’re looking to book an upcoming stay with World of Hyatt points, Hyatt wants to sweeten the pot if you buy points in the next few weeks. Now through August 9, you’ll get up to a 40% bonus when buying Hyatt points. This is a two-tiered bonus:

  • Buy 5,000-9,000 points to get a 30% bonus
  • Buy 10,000 or more points to get a 40% bonus

At the 40% bonus rate, this brings the price of Hyatt points down to just 1.7 cents per each. This is the best Hyatt buy-miles promotion — outside of Daily Getaways flash sales — that we’ve seen.

Hyatt buy points promo banner July 2017

In his latest points & miles valuations, TPG values Hyatt points at 1.8 cents apiece. When you buy at least 10,000 points through this promotion, you’ll effectively be buying points at 1.7 cents each. So, this promotion is certainly tempting. However, points and miles are a bad long-term investment, so you’re going to want to have a plan for these points before buying.

There are plenty of options To choose from to get good value out of these Hyatt points. Recent TPG examples include the Park Hyatt Maldives (25,000 points/night), Grand Hyatt Tokyo (25,000 points/night)Park Hyatt Mallorca (20,000 points/night), Andaz Napa (20,000 points/night) and the Park Hyatt Hamburg (15,000 points/night).

Points + Cash redemptions options are also tempting. A TPG contributor recently scored the Park Hyatt Toronto for just $81 plus 7,500 Hyatt points.

If you need more Hyatt points to score a great redemption, the The Hyatt Credit Card now offers a 40,000-point sign-up bonus. Also, you have the choice of transferring points from Chase Ultimate Rewards to Hyatt at 1:1 ratio. If you’re short on Ultimate Rewards points, some of the best sign-up offers are the Chase Ink Business Preferred‘s 80,000 sign-up bonus and the Chase Sapphire Preferred‘s 50,000 sign-up bonus. No matter how good of a deal the buy-points promotion is, earning points via credit card sign-ups is a much cheaper way of stocking up on Hyatt points.

You can score up to 77,000 points at the 1.7 cents per point rate.
You can score up to 77,000 points at the 1.7 cents per point rate.

If you’re interested in taking advantage of this deal, here are the step-by-step directions:

  1. Visit Hyatt’s Buy Points link.
  2. Enter your World of Hyatt number, name and email address.
  3. Select the number of points you want to purchase, enter your credit card information and billing address, agree to the terms and conditions and click Purchase Bonus Points.

Keep in mind that the usual restrictions for purchasing Hyatt points apply to these transactions, including:

  • You must purchase points in increments of 1,000 points up to a maximum of 55,000 points per calendar year. In addition, you can also receive 55,000 gifted points per calendar year.
  • Any purchased points will not count toward qualification for any increased or improved status or elite membership in the World of Hyatt program.

Note that the purchase is processed by Points.com, so you won’t get any travel category bonuses from this purchase. Make sure to use the best non-bonus category credit card for your situation. Based on TPG’s valuations, the Blue Business℠ Plus Credit Card from American Express’s 2x Membership Rewards points on the first $50,000 per year; then 1x thereafter or Chase Freedom Unlimited’s 1.5x Ultimate Rewards points would be the most rewarding choice.

H/T: One Mile At A Time

Featured image courtesy of Park Hyatt Sanya Sunny Bay Resort.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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.