Act quick: Buy Hyatt points with a 30% bonus
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At TPG, our top priority is providing our readers with the information needed to make educated decisions about travel and rewards-earning strategy. This is not the best time to travel, domestically or internationally. But we are sharing this information to provide value for future travel once coronavirus concerns have subsided.
If your World of Hyatt balance is looking a little low — and you don’t have enough Chase Ultimate Rewards to transfer over — you only have a few days left to get in on Hyatt’s latest buy-points promotion.
Through July 29, 2020, you can receive 30% bonus points when you purchase 5,000 Hyatt points or more.
Without any bonus, Hyatt points sell for 2.4 cents apiece. However, with the 30% bonus, you can get them at a rate of 1.85 cents each. TPG values Hyatt points at 1.7 cents each, though in many cases you can get much more value. So buying Hyatt points during this promotion could make sense.
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Should you buy Hyatt points now?
The world is in the midst of the global coronavirus pandemic and travel is at a near standstill. As a result, there are a couple of extra things you should consider before you take advantage of this promotion or buy hotel points of any type.
Firstly, the entire hospitality industry is struggling financially. We’re confident that Hyatt will make it through this downturn, but in a worst-case scenario where they go bankrupt or insolvent, your newly purchased points could be rendered worthless. You wouldn’t receive a refund for the points in this type of situation either.
Additionally, bear in mind that Hyatt will be introducing peak and off-peak pricing and making some award category changes in 2021. If you want to lock in future stays at the current rates, make sure to familiarize yourself with Hyatt’s change and cancellation policies before you buy the points.
However, if those caveats aren’t an issue for you, then this deal could be worth taking advantage of.
The Hyatt award chart starts at just 5,000 points per night. At the optimal 1.85 cents per point rate, you can buy award nights starting at just $93. And there are some excellent options at just 5,000 points each, such as the Hyatt Regency Kuantan Resort. Additionally, you can now use points toward booking Hyatt suites.
If you already have a redemption in mind, you may be able to save even more on your stay. The World of Hyatt program is currently offering discounts of 15% or 25% for awards through Oct. 8, 2020. Registration is required, but if you have The World of Hyatt Credit Card in your wallet, you’ll enjoy better award rates for stays through the next couple of months.
If you’re looking for more inspiration on how to redeem Hyatt points for maximum value, here are some great options:
- The best U.S. Category 1 Hyatt properties — including Hyatt House properties in Colorado, Philadelphia, Houston and more
- The best international Category 1 Hyatt properties — including an incredible Park Hyatt in India, a Hyatt Place in Cabo and a Hyatt House in the heart of Mexico City
- Family-focused Category 1 to 4 Hyatt properties — including a property in Colorado that offers free ski lift passes and great hotels for road trips
- TPG readers’ favorite Hyatt redemptions — from Hyatt properties in New York City to Hong Kong
- Ways to maximize your Hyatt redemptions — including using points to upgrade to a better room
Remember that you can also redeem as few as 2,500 points plus a cash copay through Points + Cash redemptions. Also, award nights count toward elite status.
Other ways to get Hyatt points
No matter how good of a deal the buy-points promotion is, there are still many other ways to earn Hyatt points. Using a credit card sign-up bonus can be a much cheaper way of stocking up. You can do so directly through The World of Hyatt Credit Card — which is currently offering up to 50,000 bonus points. You’ll earn 25,000 bonus points after you spend $3,000 on purchases within the first three months of account opening and an additional 25,000 bonus points after you spend $6,000 total on purchases within the first six months of account opening.
Also, you can transfer points from Chase Ultimate Rewards to Hyatt at 1:1 ratio. If you’re short on Ultimate Rewards points, the highest sign-up bonus available now is the Ink Business Preferred Credit Card‘s 100,000 bonus points after you spend $15,000 on purchases in the first 3 months of account opening.
You could also earn 50,000 bonus points on the Chase Sapphire Reserve by spending $4,000 on purchases in the first three months of account opening. Meanwhile, the Chase Sapphire Preferred Card offers 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
How to buy Hyatt points with a 30% discount
If you’re interested in taking advantage of this deal, here are the step-by-step directions:
- Visit Hyatt’s Buy Points link.
- Enter your World of Hyatt membership number, name and email address.
- Select the number of points you want to purchase (minimum 5,000 to get the discount), 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.
- Any purchased points will not count toward qualification for any increased or improved status or elite membership in the World of Hyatt program.
Which credit card to use to purchase
Hyatt point purchases are processed by Points.com, so these purchases won’t code as travel. You won’t earn bonus points from cards such as the Chase Sapphire Reserve. (Return percentages based on TPG valuations and not provided by issuer)
Consider using The Blue Business®️ Plus Credit Card from American Express (2x Membership Rewards points on the first $50,000 in purchases per calendar year – a 4% return — then 1x after, terms apply), Chase Freedom Unlimited (1.5% cash back/1.5 Ultimate Rewards points, 3% return) or Capital One® Venture® Rewards Credit Card 2x miles on all purchases, which you can redeem for cash back or 2.8 cents of value toward transfer partners based on TPG valuations).
If you have the Bank of America® Cash Rewards credit card and have chosen online purchases as your category, you can get at least 3% cash back on these purchases (on the first $2,500 in combined choice/category purchases each quarter; then 1%). If you have significant assets with Bank of America and affiliates, you can get up to 5.25% cash back on these purchases.
Related: The best hotel credit cards
Additional reporting by JT Genter.
Featured photo by Jamie Oppenheim / The Points Guy.
Welcome to The Points Guy!
WELCOME OFFER: 60,000 Points
TPG'S BONUS VALUATION*: $1,200
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.