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.

Hyatt is changing the award categories for nine of its hotels with very little notice. At 12:01am Central Time on December 13, 2017, one hotel’s category is dropping while the other eight are increasing.

Here are the hotels affected with the current and new categories:

Hotel Current
Category
New
Category
Hyatt Place Orlando Airport 1 2
Hyatt Place Orlando/Lake Mary 1 2
Hyatt Place St. Paul 1 2
Hyatt Place Shenzhen 1 2
Hyatt Place Augusta 2 3
Hyatt Place Santa Cruz 2 4
Highlands Inn, a Hyatt Hotel 6 7
Hyatt Place Long Island/NYC 2 3
The Confidante Hotel, Miami 6 4

Note that these changes go into effect for stays in 2018. The rates for the remainder of 2017 are supposed to stay the same.

The most tempting option for booking now may be the Hyatt Place Long Island City. Despite being just outside NYC, somehow this hotel has maintained a category 2 status. Before midnight, award nights will cost 8,000 points. At current TPG valuations, that’s $144 in value per night for a hotel a short ride from Manhattan.

For this hotel, I’m finding nights for off-peak dates in January at $126 per night (AAA rate, including taxes), so this isn’t as good of a deal for all dates. But, you’ll get good value out of your Hyatt points — or transferred Chase Ultimate Rewards points — for spring and summer travel to NYC. If you need to top off your World of Hyatt account, transfers from Chase to World of Hyatt are instantaneous.

If you’ve already booked a reservation for The Confidante Hotel for 2018, Hyatt is saying that “Customer Service will proactively deposit the point difference into a member’s account.”

While not the worst round of category changes we’ve seen from a hotel, it’s really disappointing that Hyatt is giving such short notice for these changes. If you’re interesting in booking any of these hotels for stays in 2018, make sure to book now.

H/T: View From The Wing

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.