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Update: This offer for the Starwood Preferred Guest® Business Credit Card from American Express is expired. The current offer allows you to earn 2 Free Nights at participating SPG® Category 1-5 hotels & resorts worldwide after you use your new Card to make $5,000 in purchases within the first 3 months Learn more about the special offer here.
Hyatt is offering 10% discounts on the purchase of Hyatt gift cards via two methods at the moment:
- Through the end of the year Gold Passport members can receive a 10% discount on the purchase of up to $2,000 worth of gift cards by using promotion code GPGIFT
- If you buy a Milepoint premium membership for $49.95 you get a coupon code for 10% off the purchase of Hyatt gift cards, up to $5,000 worth of Hyatt gift cards
That’s a pretty amazing value for any frequent Hyatt guest, though as I wrote about back in October, Hyatt also participates in the OPEN Savings® from American Express OPEN program. Through this program you earn a 5% discount at select US Hyatt properties when paying with a card eligible for the OPEN Savings program, which includes many small business American Express cards. That discount is limited up to $10,000 of spend per calendar year. The most lucrative eligible card is The Starwood Preferred Guest Business Card, which offers one Starpoint per dollar spent in addition to the 5% cash back.
Anyway, there were some questions as to whether the 5% discount would actually post when purchasing gift cards online, given that technically this only applies for purchases directly with select Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency and Hyatt hotels within the U.S. Anyway, to make sure gift card purchases would be eligible (as had previously been reported), I decided to purchase a $2,000 Hyatt gift card with my Starwood Preferred Guest Business Card using the GPGIFT coupon code. Hyatt charges $6 for shipping, so the total came out to $1,806.
The gift card purchase posted the following day, as expected.
And then three days later the 5% Open Savings discount posted.
This brought down the total cost of my $2,000 gift card purchase to $1,715.70. That’s a 14.2% discount. I also value Starpoints at about 2.2 cents each (I earned one per dollar spent), adding further to the value of this promotion.
Anyway, for anyone that was skeptical as to whether the OPEN Savings program works on the above promotion, there ya have it!