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Through December 10, 2014, Hyatt is offering Gold Passport members a 30% bonus on all points purchases of at least 5,000 points.
If you max out the promotion and purchase 55,000 points you’d receive a total of 71,500 points at a cost of $1,320, which is ~1.85 cents per point. Earlier in the year, Hyatt increased the maximum number of Gold Passport points you can purchase per year from 40,000 to 55,000.
How does this stack up to past promotions on the purchase of points?
- In September, Hyatt offered up to a 30% bonus on the purchase of points
- In August, Hyatt offered up to a 40% bonus on the purchase of points, though it was targeted at elite members
- In May, Hyatt offered up to a 20% bonus on the purchase of points
- Last November, Hyatt offered up to a 30% bonus on the purchase of points
I value Hyatt Gold Passport points at ~1.5 cents each, though they can definitely be redeemed for a lot more than that. I just think that’s a “fair” number. In this case there are some circumstances under which it can be really lucrative to purchase points.
For example, at the rate of ~1.85 cents per point, you can purchase enough points for a free night at the Park Hyatt Maldives (which is a Category 6 property, making it 25,000 points per night) for ~$460, while paid rates are $1,000+ per night.
You can potentially get even more value out of your points by using Hyatt Points + Cash redemptions.
As a Gold Passport Diamond member, Points + Cash redemptions are especially awesome because:
- Confirmed Diamond suite upgrades can be applied on Points + Cash reservations
- Points + Cash reservations are eligible for elite stay & night accrual, as well as points accrual
- Points + Cash reservations count as qualifying nights for the purposes of promotions
Using the same Park Hyatt Maldives example, pending Points + Cash availability (which is capacity controlled), you could redeem for a free night for just 12,500 points plus $150. The 12,500 points could be purchased for ~$230, so that’s like paying ~$380 for a night at the Park Hyatt Maldives.
On the other end of the spectrum, it can also make sense to purchase points for some lower category hotels. For example, I’ve stayed at the Grand Hyatt Santiago, which is a Category 2 property going for just 8,000 points per night.
That means you could purchase enough points for a free night for ~$150. Meanwhile sometimes paid rates at this hotel are more than double that.
As a reminder, Hyatt points purchases are processed by points.com, so wouldn’t count as hotel spend for the purposes of credit card spend.
Also, do keep in mind that Hyatt Gold Passport is an Ultimate Rewards transfer partner, so if you’ve earned points through the Chase Sapphire Preferred® Card or Ink Plus® Business Credit Card, you can transfer those points to Hyatt Gold Passport instantly. In general I’d rather redeem Ultimate Rewards points than spend 1.85 cents per point, though I also realize not everyone has access to Ultimate Rewards points.
As is always the case in this hobby, you should crunch the numbers and see if this promotion works for you.
Personally I won’t be taking advantage of this promotion since I have a healthy balance of Gold Passport points, and I rarely purchase points as a “long term investment.” That being said, if you have a specific redemption in mind, this promotion could definitely be worthwhile.
This bonus is among the better ones we’ve seen, so if you do want to buy points, I wouldn’t be holding out for a better offer.