Save 10% (And More) On Hyatt Stays

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Update: The Business Platinum® Card from American Express OPEN has exciting new benefits, and a great new limited time offer. Learn more about the current offer here.

Update: This offer for The Business Gold Rewards Card from American Express OPEN is expired, but there’s currently an opportunity to earn 50,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership. Learn more about the special offer here.

Hyatt is offering a 10% discount on the purchase of physical gift cards, which can translate into huge savings potential for Hyatt stays with a bit of planning:

Purchasing gift cards

This promotion is open to all Hyatt Gold Passport members, and you can purchase the gift cards directly on the Hyatt website. It doesn’t seem like there’s a limit to how many gift cards you can buy using this promotion.

Hyatt-Gift-Cards-1

To apply the discount, enter GPGIFT14 in the promotional code field. You should then see the 10% discount reflected in your shopping cart:

Hyatt-Gift-Cards-10%

At present, the promotion code only works for physical gift cards, so there’s no way to get around the $6 shipping fee. There isn’t a published expiration date at present, though my guess is this won’t go past December 31, 2014, at the latest.

It’s worth noting that per a Gold Passport representative on FlyerTalk, starting in mid-November they’ll have options for eGift cards and free shipping, so it might make sense to hold off.

Park-Hyatt-Washington-DC-16
Hyatt gift cards are valid at the Park Hyatt Washington DC

Stacking with American Express OPEN rebates

Hyatt participates in the OPEN Savings program, whereby you receive a 5% discount for Hyatt stays of up to $10,000 per year when paying with your American Express OPEN Card:

OPEN Savings® from American Express OPEN

Hyatt Hotels & Resorts® boosts the value you get from your Business Card from American Express OPEN as part of the OPEN Savings® benefit. As a built-in Business Card feature, you automatically receive a 5% discount credited to your American Express statement OR 2 additional Membership Rewards® points for each eligible dollar spent at participating Hyatt Hotels & Resorts in the U.S. up to $10,000 per Card Account in a calendar year. This benefit can be combined with other promotions offered by Hyatt.

This is equivalent to saving 5% on Hyatt stays, and the statement credit means you’re effectively getting cash back on eligible stays.

The four main OPEN cards for travelers are as follows:

Of those, I think the Starwood Preferred Guest® Business Card from American Express and SimplyCash® Business Card from American Express offers the best value here.

By using the SPG card you’ll earn both 5% cash back plus one Starpoint per dollar spent, which I value at 2.2 cents each. So that’s basically a 7.2% return on Hyatt stays.

With the SimplyCash card, you can select one category where you’d like to earn 3% cash back, and hotels can be one of them. So that’s an 8% return on Hyatt stays.

Meanwhile on the Business Gold Rewards Card you have the option between two bonus Membership Rewards points per dollar spent or 5% cash back — the 5% cash back is definitely the better of the two options, in my opinion.

But I value Membership Rewards points at 1.8 cents each, so I still think you’re better off using the Starwood Preferred Guest Business Card than the Business Gold Rewards Card.

There are a couple of restrictions regarding the OPEN Savings program for Hyatt that you should know about:

This really adds quite a bit of value to Hyatt stays if done properly. You basically get a 7.2% return on Hyatt spend, in addition to the points you earn for your stay.

Also, last year Hyatt ran a similar promotion offering a 10% discount on gift cards. For what it’s worth, purchasing them with an OPEN Savings eligible card did trigger the 5% Hyatt discount:

Hyatt-Gift-Cards

I can’t guarantee that will be the case again this year, though I see no reason it wouldn’t be.

If that does work, that’s like a return of ~17% on Hyatt stays without factoring in the points you earn for your stay or from any promotions.

Bottom line

If you know that you’ll have stays at participating Hyatt hotels in the next year this is a no-brainer, in my opinion.

As a side note, the Hyatt Regency in Crystal City and the Hyatt Regency Mission Bay both accept Hyatt gift cards, so if you’re heading to one of the upcoming FTU events this can be a good way to save on hotel costs.

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Comments

  1. If you have an Amex SimplyCash and have hotel selected as the 3% category, you can get 5% from OPEN, 3% from category bonus, and 10% from this rebate. Not too shabby.

  2. But the Hyatt checks work internationally: “Hyatt Gift Checks are redeemable at participating Hyatt-branded hotel locations throughout the world.”

    And I dont see a limit on purchases – here is a ridiculous example i tried: 20.000 checks of $100 each prices just fine with a $200.000 discount.

  3. Just a reminder to all that the topcashback does not work if you you a code to book, i.e. AAA, AARP, or ever the my elite rate.

    FDW

  4. Has anyone used Hyatt gift checks internationally? I’m traveling to Sydney and Melbourne and saving at least 15% on Park Hyatt stays would be amazing. Hyatt’s site says they are accepted at both hotels.

  5. I’m curious about hte checks too — I have a Hong Kong stay coming up on cash + points and would love to cover the cash portion with the checks if it gives me a further 10-15% off!

  6. @Jay

    I got error, called the number displayed and the guy at Hyatt told me that the system is down – they rely on the same system that the public uses via the web, and they don’t have an e.t.a. for when it will be back up.

    Tl;dr – No, it’s not just you, it’s the system that’s broken, and I’ll just try again tomorrow.

  7. Ben, if I don’t have a business thus no Amex open card which card would you use for this? If I have the hyatt visa would this count as Hyatt spend earning me 3 points per dollar?

  8. @ Adam — Yep, would count as Hyatt spend, so that’s triple points. Your best bet if you don’t have an OPEN card.

  9. Ben and One Mile at a Time Readers,

    First off, thanks so much for writing a post about our current promotion offering 10% off Hyatt Gift Cards for Hyatt Gold Passport members. Ben pretty much covered everything that you need to know, but I wanted to add color to a few items:

    1. Use of Hyatt Gift Cards/Hyatt Checks – Presently Hyatt Gift Cards are only accepted in the U.S., Canada and Caribbean. Hyatt Check Certificates are accepted worldwide. If you are trying to maximize your discount, just be advised that the Hyatt Check Certificate is issued in USD. When you present it to a Hyatt hotel outside the U.S., the value will be converted to the hotel’s current exchange rate in the local currency, much like if you were paying with USD dollars notes or travelers checks.

    2. Hyatt eGift Cards with the discount – In the coming weeks, we will launch at new eCommerce site at http://www.hyattgiftcards.com. When launched, Hyatt eGift Cards will be eligible for the 10% discount. Also, free shipping on physical cards will be offered then.

    3. Order processing – We did have an issue with our payment processing over the last 24 hours, but this has since been resolve.

    If you need any further assistance, please feel free to e-mail us any time at chicago.giftcards@hyatt.com

  10. thanks Lucky for the tip. i just purchased $200 gift card with AMEX business gold using your link. i stay at hyatt twice a month so this deal looks like a winner.

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