10% Discount On Hyatt E-Gift Cards

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In early November I wrote about how Hyatt is offering a 10% discount on gift card purchases through December 31, 2014. You simply have to enter promo code GPGIFT14 when purchasing the gift card.

The best part is that there’s no limit to how many gift cards you can buy during the promotion (though there’s a limit to how many you can purchase per transaction). As someone that lives in hotels full time, that’s basically like a 10% savings on my living expenses. 😀

At the time, however:

  • There was no option for free shipping on Hyatt gift cards
  • Hyatt e-gift cards weren’t eligible for the 10% discount

I figured I’d post a couple of updates, as there have been improvements on both fronts:

Free shipping on Hyatt gift cards

Previously the cheapest option for shipping gift cards was $6 with FedEx. However, you can now get free shipping of gift cards with USPS Priority Mail.

Hyatt-Gift-Cards-1

Not that the $6 was a huge deal given the savings, but…

10% discount on Hyatt e-gift cards

Possibly most exciting is that Hyatt now also has e-gift cards available, and you can receive a 10% discount on them with promotion code GPGIFT14. The terms are virtually the same as for the physical cards, except you don’t have to wait for them to ship or worry about if they’ll get lost.

Hyatt-Gift-Cards-2

Maximizing points on Hyatt gift card purchases

Historically Hyatt gift card purchases qualify for the Amex Open Savings program, whereby you get 5% cashback on select Hyatt purchases.

Hyatt-Gift-Cards

The four main OPEN cards for travelers are as follows:

If you use the Starwood Preferred Guest® Business Card from American Express, you’d earn 5% cashback plus one Starpoint per dollar spent. I value Starpoints at ~2.2 cents each, so that’s like a return of ~7.2%, in addition to the 10% discount for the purchase of gift cards.

The next best option is the The Hyatt Credit Card, as you’ll earn triple Hyatt points on the purchase. I value them at ~1.5 cents each, so that’s like an additional return of ~4.5% on your purchase.

If you don’t have either of those cards, then any card which offers bonus points on hotel spend is your best bet. For example, the Chase Sapphire Preferred® Card and Ink Plus® Business Credit Card offer double points on hotel spend.

Park-Hyatt-Chicago-38
Use your Hyatt gift cards at the Park Hyatt Chicago

Bottom line

This deal is pretty tough to beat, especially since the gift cards don’t have an expiration date. If you stay at Hyatt properties with any frequency, I’d highly recommend taking advantage of this offer.


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Comments

  1. @ Heather — I can’t guarantee it since technically only certain hotels are eligible for the OPEN Savings program discounts, but in practice they have been posting as such.

  2. I purchased $500 worth of Hyatt Checks (for my upcoming stay at the Park Hyart Maldives). Used the Starwood Business card and received the 5 percent Open savings. Well worth it!

  3. Can the e-gift cards be used when checking out of a Hyatt? Is so, what the best way to handle that transaction?

  4. I don’t know why anyone would buy gift cards with all there restrictions vs. gift checks. Aren’t gift checks good almost anywhere while the gift cards are only used in the US?

    Also, while I used gift checks very successfully at the Maldives, they charge in $$. I would think you would lose 5% at a standard foreign hotel, as the hotel conversion of local currency into dollars is at a much worse rate than your bank will give you.

  5. @ beachfan — The downside to the gift checks is that they can only be applied to a single purchase, as opposed to being able to carry residual balances.

  6. @ Joe — You can only use gift checks for international stays. Still worth it, though gift checks can only be applied towards a single reservation, and are applied using the hotel’s conversion rate (so you’ll lose a few percent in the process).

  7. @ Lucky: Where you say “You can only use gift checks for international stays,” that can be parsed two different ways. I think you mean “For international stays, you can use only gift checks, not gift cards” (rather than “Gift checks can be used only for international stays, not for domestic stays”).

    I bought a bunch of $100 and $50 gift checks with the intent of using them for international stays. I figured, I can use them up to the next lower multiple of $50, so that I’m getting 10% off on all but the last $0 to $49.99. Good thought in principle, but … I just stayed at the Hyatt Regency Paris-Etoile. The hotel’s exchange rate, which is what the certificates would have been accepted at, was *awful*: 1 EUR = 1.4421 USD, versus the rate at which my Hyatt credit card converted the bill, 1 EUR = 1.2532 and change. The fact that the Hyatt’s rate was more than 10% worse meant that using a $100 gift check, I would have gotten less in value than the $90 I paid for it!

    The moral of the story is, check the hotel’s exchange rate. If it’s more than 10% worse than the actual exchange rate, don’t use the gift check or you will be losing, not saving, money.

  8. Thanks Lucky! Staying at GH SF and saw your post, purchased the eGift card, and went downstairs to check out and redeemed it right off my iPhone. An easy 10% savings – thanks!

  9. Right, so international stays seem to be a no-go, which is what I currently have planned on Hyatt. Maybe I will stock up a little for future domestic travel. Do the cards or cheques expire?

  10. Also thinking of stocking up on these for PH NY cash and points booking for Feb and PH Sydney in March. Saving $30/night ain’t bad!

  11. Can gift cards be used for room charges like frequent traveller university next weeken in Md? Thought I saw something in the t&c that prohibited this ?

  12. Hi, Ben: I’ve never used Hyatt gift cards before. Could you explain how it would work?
    “Hyatt eGift Card Recipient: To redeem value of your Hyatt eGift Card from a mobile device, show the gift card number from the mobile device to the Hyatt front desk agent, restaurant server or spa associate.

    If I make a reservation at ‘My Elite Rate’ can I still show this card when checking out at their properties?

    Thanks

  13. @ Terence — Yep, you sure can use it. You just show the gift card when you check-out and they use the gift card number to process the payment. It’s a straightforward process.

  14. @ Terence — All the restrictions are stated in the terms. They’re pretty straightforward for domestic US stays.

  15. Hey Ben! Just found deal from my PRG’s Amex Offers, $50 off $150 at Hyattv Place; not available in the other Amex cards of mine. Not a bad one!

  16. No luck getting 5% OPEN savings with eGift card. Must code as different type of charge than physical gift cards.

  17. @Lucky,

    The Hyatt Gift Card T&C says, “Card also not valid for negotiated rates, including volume, group, contracted, and any other rates that have been previously negotiated and agreed to in writing (whether paid by a group or on an individual basis).”

    It’s not clear to me what that refers to but it sounds like corporate rates would fall under that clause (negotiated rates)?

  18. A follow-up: It’s a bit late to cause people to buy from last year’s sale, but this may be useful for future reference. Some hotels have a very fair rate. A few days ago I used gift checks at the Grand Hyatt Shanghai. The exchange rate from Google Finance was 6.2225; the hotel’s was 6.1369, less than 1.4% worse that the nominal exchange rate and about the same as I would have gotten on the Hyatt credit card directly. So I used Hyatt gift checks to pay most of my room charges. In my experience, hotels in China and Japan give pretty fair rates, so it’s not a foregone conclusion that Hyatt gift checks are not worth using overseas.

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