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Booking a Hyatt Points + Cash Award — Reader Success Story

April 13, 2018
4 min read
Grand Hyatt Baha Mar
Booking a Hyatt Points + Cash Award — Reader Success Story
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Today I want to share a story from TPG reader Garrett, who maximized his return after weighing a few different hotel award options. Here's what he had to say:

I recently returned from a wonderful four-night stay at the brand new Grand Hyatt Baha Mar resort in the Bahamas. The resort was on my wish list since it opened last year, and I wanted to take my fiancée for her birthday. We each had a few days from work open up at the last minute, but the total would have been almost $2,100 after taxes and resort fees — more than I was hoping to pay.

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We focus on earning Chase Ultimate Rewards points (we both have the Chase Sapphire Reserve and Chase Freedom Unlimited, and I also have the Chase Freedom card, which is no longer available to new applicants). As an avid TPG reader, I know you can get great value in some instances by transferring points to Hyatt, so I looked into booking awards instead.

My options were to pay 80,000 points for four nights (a redemption rate of about 2.6 cents per point), or to book the Points + Cash rate of 40,000 points and $803 (for a redemption rate of about 3.2 cents per point). I transferred my 40,000 points instantly and booked the Points + Cash option. In the past, I've only redeemed for flights using the Ultimate Rewards portal at 1.5 cents per point. It was definitely nice to get more than double the value from this redemption. As for the trip, we had an amazing time!

Like all awards, it's helpful to consider the return you get when you book with a mix of points and cash. As Garrett explained, he scored a redemption value of 3.2 cents per point, which is well above my valuation for Hyatt points, and more importantly for Ultimate Rewards points (since he had to transfer from Chase). That's clearly a better option than redeeming through the Chase Travel Portal, but the redemption value doesn't tell the whole story.

To fully assess a Hyatt Points + Cash award (or the equivalent in another program), you have to also consider what you're getting in return for the cash component. Garrett spent about $800 to save himself 40,000 Ultimate Rewards points, so he effectively paid 2 cents apiece for those points. That's a fair price, so booking the mixed award was a good move if he wanted to conserve his points for even more lucrative redemptions. If he had points to burn and preferred to keep cash costs down, then booking the standard award would have made more sense despite the lower redemption value.

I love this story and I want to hear more like it! To thank Garrett for sharing his experience (and for allowing me to post it online), I’m sending him a $200 airline gift card to enjoy on future travels, and I’d like to do the same for you. Please email your own award travel success stories to info@thepointsguy.com; be sure to include details about how you earned and redeemed your rewards, and put “Reader Success Story” in the subject line. Feel free to also submit your most woeful travel mistakes. If your story is published in either case, I’ll send you a gift to jump-start your next adventure.

Safe and happy travels to all, and I look forward to hearing from you!

Photo courtesy Grand Hyatt Baha Mar

Featured image by (Photo courtesy of Grand Hyatt Baha Mar)

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  • Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.
  • 6x points at hotels participating in the Marriott Bonvoy® program.
  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
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Terms & restrictions apply. See rates & fees
Best Marriott card for Business Owners
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
3 / 5
Go to review

Rewards Rate

6X6x points at hotels participating in the Marriott Bonvoy® program.
4X4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
2X2x points on all other eligible purchases.
  • Intro Offer
    Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.

    Earn 100,000 points
    75,000 points
  • Annual Fee

    $125
  • 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.

    670-850
    Excellent/Good

Why We Chose It

The Marriott Bonvoy Business Amex is a stacked card with a rewards rate that will help you earn bonus points on everyday and business-related purchases. You'll earn 15 elite night credits each calendar year, and receive automatic Gold elite status. Finally, the free night award certificate with a redemption level of 35,000 points or less can get you hundreds of dollars in potential value each year.

Pros

  • 6x points on eligible purchases at hotels participating in the Marriott Bonvoy program
  • 4x points at restaurants worldwide, U.S. gas stations, wireless telephone services purchased directly from U.S. service providers and U.S. shipping
  • 2x points on all other eligible purchases
  • Earn a free-night award each card renewal month (up to 35,000 points)
  • Receive 15 elite night credits to jump-start status
  • Transfer Marriott points to 40+ airlines

Cons

  • Airline points transfer ratios are poor
  • Must spend $60,000 in a year for second free-night award
  • Limited Time Offer: Earn 100,000 Bonus Marriott Bonvoy Points after spending $4,000 in purchases on your new Card in your first 3 months of Card Membership. Offer expires 11/2/22.
  • 6x points at hotels participating in the Marriott Bonvoy® program.
  • 4x points for purchases made at restaurants worldwide, at U.S. gas stations, on wireless telephone services purchased directly from U.S. service providers and on U.S. purchases for shipping.
  • 2x points on all other eligible purchases.
  • Receive a 7% discount off standard rates for reservations of standard guest rooms at hotels that participate in the Marriott Bonvoy program when you book directly. Terms and Conditions Apply.
  • Receive 1 Free Night Award every year after your Card renewal month. Plus, earn an additional Free Night Award after you spend $60K in purchases on your Card in a calendar year. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
  • Enjoy Complimentary Marriott Bonvoy Gold Elite Status with your Card.
  • Terms apply.
  • See Rates & Fees