Earn 7,500 Wyndham points (enough for a free night at many hotels) after 2 stays

Update: Some offers mentioned below are no longer available. View the current offers here.

Wyndham Rewards has just launched a promotion called "Make Your Break," which offers 7,500 points (worth $82.50 according to TPG valuations) after two stays.

Wyndham is marketing this promotion as a free night after two qualifying stays, but that's not exactly true. This limited-time offer will net you enough points for a free night at Wyndham's lowest-category hotels. Wyndham charges as much as 30,000 points per night at their more upscale properties.

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Here's what you need to know about this deal:

• Register here
• Book two qualifying stays with Wyndham by April 26, 2020
• Complete two stays by May 21, 2020
• You'll earn bonus of 5,500 points (worth $60.50 according to TPG monthly valuations) after your second stay is complete (one bonus per account)

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One stay includes all consecutive nights at the same participating property, regardless of check-ins or check-outs. In other words, two consecutive nights at the same hotel will count as one stay, not two — even if you make two separate reservation.

Wyndham guarantees you'll earn at least 1,000 points per stay. That means you'll have earned at least 2,000 points after completing two stays. Add that to the 5,500 bonus points you'll earn for achieving this promotion, and you'll have a total of at least 7,500 points, which is enough for a stay at Wyndham's lowest-category hotels.

Related: The best hotel credit cards

Is this a good deal?

With 9,000+ properties worldwide, Wyndham hotels are everywhere. They include brands such as Days Inn, Ramada, Microtel, Super 8, Travelodge, TRYP and many more. That means this promotion is easy to achieve, and the points are easy to spend.

The Wyndham award chart is split into three tiers:

• 7,500 points (or 1,500 points + cash)
• 15,000 points (or 3,000 points + cash)
• 30,000 points (or 6,000 points + cash)

You can use the points you earn from this promotion for a free night at low-tier hotels, but keep in mind they can also be dirt cheap with cash. Perhaps the smarter play would be to continue to accrue your points for a higher-category hotel, like the Waikiki Marina Resort at the Ilikai. The hotel costs 15,000 points per night, but it can easily cost $250 in cash. That mean you'll receive a value of 1.67 cents per point.

Related: Wyndham sweet spot properties that now cost fewer points

Remember, you can also accrue Wyndham points quickly with cards like the Capital One Venture Rewards Credit Card. You can transfer Capital One miles to Wyndham at a ratio of 2:1.5 (1,000 Capital One miles = 750 Wyndham Rewards points). Plus, the card currently comes with 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months.