Through August 31, 2012, Hyatt is offering up to a 30% bonus on the purchase of Gold Passport points, with the following bonuses:
Buy 1,000 – 9,000 points and get a 10% Bonus
Buy 10,000 – 29,000 points and get a 20% Bonus
Buy 30,000 – 40,000 points and get a 30% Bonus
You can purchase a maximum of 40,000 points per account per calendar year, so assuming you purchase the maximum number allowed, you’re looking at 52,000 Gold Passport points for $960, which comes out to 1.85 cents per point.
Hyatt charges 22,000 points for a free night at their top tier hotels, so you’re looking at ~$400 for a free night at hotels like the Park Hyatt Sydney, Park Hyatt Paris, etc.
For example, in January rates at the Park Hyatt Sydney start at 855AUD:
While the same room can be had for only 22,000 Gold Passport points per night:
Or on the other extreme take the Grand Hyatt Santiago, which is only a category two hotel.
Revenue rates often start at $275 plus 19% tax for a total of ~$327USD:
The same room can be had for only 8,000 Gold Passport points per night (~$148 worth of points through this promotion):
So while you don’t earn points/stay credit on award stays with Hyatt, keep in mind you also don’t have to pay the ridiculous taxes at some hotels, like the 19% tax at the Grand Hyatt Santiago, which equates to huge savings beyond the base price.
Anyway, in my recent post about the value of hotel points, I valued Hyatt Gold Passport points at 1.6 cents each. Ultimately this purchase price is a bit higher than my valuation, though that’s not to say this isn’t a good deal. For what it’s worth I’d probably take advantage of this if I had stays planned at one of the more expensive Park Hyatts in the next year or so and didn’t have a sizable points balance right now. So while I doubt I’ll be taking advantage of this, it’s definitely an offer worth considering.
Lastly, it’s worth noting that the purchase of points wouldn’t qualify for double points on the Chase Sapphire Preferred or Chase Ink Bold card (or any other card that offers bonus points for hotel purchases). The transaction is processed by points.com and not Hyatt directly, and therefore wouldn’t qualify for the category bonus.