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5 reasons why I went all in on this hotel credit card

June 26, 2020
10 min read
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Since I opened my first credit card nearly a decade ago, I have had a number of different cards -- from cash-back cards to airline cards to premium travel cards -- but it wasn't until last year that I actually opened my first cobranded hotel credit card.

I had never been much of a hotel loyalist (however, airline loyalty is another matter). Airbnb was my preferred platform and when I did stay at hotels, I typically chose based on price, not brand. Besides, my The Platinum Card® from American Express already came with Hilton and Marriott Gold status (enrollment required).

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However, by recently adding the World of Hyatt Credit Card to my arsenal, I realized I was going all in on hotel cards. In particular, while I've always known the value of Hyatt points -- which you can transfer from Chase Ultimate Rewards -- I finally decided to go deeper into the World of Hyatt program.

Ironically, it was the lack of travel that helped me reevaluate my portfolio of credit cards. Here are five reasons why I decided to apply for this hotel card, in the midst of a global pandemic.

Card sign-up bonus and benefits

A major reason why I decided to apply for the World of Hyatt card last month -- instead of waiting -- was because of the sign-up bonus and extra elite nights for new card applicants through August 31, 2020.

Sign-up bonus

Here's the news on the sign-up bonus front: 30,000 Bonus Points after spending $3,000 on purchases within the first 3 months from account opening. Plus, up to 30,000 more Bonus Points by earning 2 Bonus Points total per $1 spend on purchases that normally earn 1 Bonus Point, on up to $15,000 in the first six months of account opening. Those 60,000 Hyatt points are worth up to $1,020 according to TPG’s most recent valuations.

Extra elite nights

Hyatt Regency Grand Reserve Puerto Rico (Photo by Chris Dong / The Points Guy)
Hyatt Regency Grand Reserve Puerto Rico (Photo by Chris Dong / The Points Guy)

Then, there are elite nights. Hyatt has five levels of elite status: Member, Discoverist, Explorist, Globalist and Lifetime Globalist. You’ll get Discoverist status simply by having the World of Hyatt card, which comes with benefits such as late checkout, preferred rooms and a 10% points bonus on eligible purchases.

And by applying for the card now through August 31, 2020, you'll receive 10 elite night credits (double the usual) as part of the welcome bonus. This is a handy perk to have if you’re a few nights shy of earning the next status level or want to quickly earn elite status.

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Typically, I wouldn't care too much about hotel elite nights. But since I had a few Hyatt stays (with points) under my belt before the pandemic, the accelerated earnings likely would bump me up to Explorist status (30 elite nights) and edge me closer to Globalist status (60 elite nights) by the end of the year.

Free night certificate

In my opinion, this is the best perk of them all. The World of Hyatt card gives you an annual free-night certificate at a Category 1-4 Hyatt property which you’ll receive every account anniversary. This alone can be worth way more than the card’s $95 annual fee.

Related reading: The best hotel credit cards that come with an annual free night

Using points and certificates at local hotels

With no flights planned in the next couple of months, I'll be traveling locally -- and exploring all of my accommodation options.

Just last weekend, I stayed at a fantastic Hyatt Place on the East End of Long Island right on the water. While it's a Category 4 and eligible for a free night certificate, cash rates were reasonably priced. And as a Discoverist by virtue of holding the World of Hyatt card, I received a preferred room with a river view and 2:00 P.M. late checkout.

(Photo courtesy of Hyatt)
(Photo courtesy of Hyatt)

I have sights set on other Hyatt properties in the Northeast US, too. TPG's Zach Griff raved about the Topping Rose House in the Hamptons, part of Hyatt's Small Luxury Hotel of the World collection.

Then, there's the Hyatt Regency Chesapeake Bay Resort, an under-the-radar Category 4 property that's only a few hours drive from my home in New York City.

Related reading: How I earned Hyatt Globalist status for $0 out of pocket

Plenty of airline miles, not enough hotel points

(Photo by The Points Guy)
(Photo by The Points Guy)

Since I haven't flown in months -- and don't have imminent plans to do so, -- my airline miles balances remain pretty full. I also didn't want to apply for an airline card, and just have additional miles sitting in my account, ripe for a devaluation.

That's why I thought now was the ideal time to accumulate hotel points. One can make the case that sitting on any loyalty currency might not be the wisest choice, but that won't be the case here. I plan on earning and burning my Hyatt points this summer and fall -- and continue to rack up more elite nights.

Related reading: Best ways to earn points with the World of Hyatt program

Complements my Chase points and American miles

Newly remodeled wing of the Hyatt Regency Maui. (Photo by Clint Henderson/The Points Guy)
The newly remodeled wing of the Hyatt Regency Maui. (Photo by Clint Henderson/The Points Guy)

Earning on a cobranded hotel card can only go so far. That's why I like that you can transfer Chase Ultimate Rewards points to the World of Hyatt program. Even if I didn't have enough points for a redemption purely within my Hyatt account, I can instantly move points over from Chase to book a hotel stay.

And as a Hyatt elite member, you’ll also earn 1 point for every $1 you spend on qualifying American Airlines flights -- and 1 American mile for every $1 you spend on Hyatt purchases -- when you link your two loyalty accounts. I'm an American frequent flyer so mutual earnings with both programs are an ideal scenario.

I was eligible to apply

Last but certainly not least, I wouldn't even be able to apply for this card if I hadn't fallen below Chase's 5/24 rule. The World of Hyatt card is subject to this restriction, so you won’t be approved if you’ve opened five or more credit cards from any bank in the last 24 months. I had just dropped under that threshold in April so I became eligible to apply.

After weighing which Chase-issued card to apply for, I ultimately went with the Hyatt card. I also considered other valuable Chase cards such as those that earn Ultimate Rewards points.

Bottom line

Hotel credit cards weren't my thing for years. I'd use Airbnb, book through an online travel agency, or transfer points to hotels whenever I needed to pad my loyalty program balances for a redemption. However, other the past year, things have changed. And in the midst of the pandemic, I reevaluated my credit card strategy and saw how much it made sense to apply for the World of Hyatt card.

Related reading: The best hotel credit cards for 2020

Featured image by (Photo by Summer Hull / The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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TPG featured card

Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

2 - 10X points
10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day

Intro offer

75,000 bonus miles
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

Annual Fee

$395

Recommended Credit

740-850
Excellent
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
2X2 Miles per dollar on every purchase, every day
  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

    75,000 bonus miles
  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
    Excellent

Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023