Through September 30, Hyatt Gold Passport is offering a 20% bonus on purchased points. Through this promotion points end up costing exactly two cents per point. You can purchase points in increments of 1,000, with a maximum of 40,000 purchased points per account per calendar year.
In other words, the maximum number of points you can purchase is 48,000 (40,000 points, plus the 8,000 bonus points) for $960.
Generally speaking I don’t value Gold Passport points that high, probably closer to 1.5 cents per point. That being said, admittedly not everyone has a sizable points balance with Gold Passport.
If you have a specific redemption in mind, this could be a fantastic deal. Category six hotels, which are the highest award category, cost 22,000 points per night. Through this promotion you could buy enough points for two nights at a category six hotel, at a cost of $440 per night. It’s by no means cheap, but if you’re thinking about staying at the Park Hyatt Paris, Park Hyatt Maldvies, etc., it’s less than half the cost of a revenue room night.
The math can work out favorably at lower end hotels too. Just take a look at Hyatt’s award chart and you might just come out ahead, even if you don’t usually stay at Hyatt hotels.
(Tip of the hat to Hunter)