Buy Hyatt Points With A 30% Bonus — Good Deal?

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Through March 7, 2016, Hyatt Gold Passport is offering up to a 30% bonus on the purchase of points.

Hyatt-Bonus-Points

We haven’t seen a promotion on the purchase of Hyatt points for a few months now, the last one being last November (which was also for a 30% bonus).

The 30% bonus applies to Gold Passport members purchasing at least 5,000 points in one transaction. If you max out the promotion and purchase 55,000 points you’d receive a total of 71,500 Gold Passport points. That would cost you $1,320, which is a rate of ~1.85 cents per Gold Passport point.

Hyatt-GP

How does this stack up to Hyatt’s past promotions on the purchase of points?

As you can see, bonuses typically range in the 30-40% range, though it has been about nine months since we’ve seen a non-targeted 40% bonus.

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 lucrative to purchase points.

At the rate of ~1.85 cents per point, you can purchase enough points for a free night at a Category 7 property for~$555, or a Category 6 property for ~$463 , while paid rates at those hotels are often $1,000+ per night.

For example, the Park Hyatt Maldives is a Category 6 property, and rates are often $1,200+ per night:

Park-Hyatt-Maldives

Park-Hyatt-Maldives-3

You can potentially get even more value out of your points by using Hyatt Points + Cash redemptions.

Hyatt-Cash-Points1

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

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 retailing for just 8,000 points per night.

Grand-Hyatt-Santiago

That means you could purchase enough points for a free night for ~$150. Sometimes paid rates at this hotel are more than double that.

Grand-Hyatt-Santiago-Rate

Keep in mind that Hyatt points purchases are processed by points.com, so wouldn’t count as hotel spend for the purposes of your credit card. That means if you buy points you’ll want to use a card which maximizes your return on everyday, non-bonused spend, like the Amex EveryDay® Preferred Credit Card or Starwood Preferred Guest® Credit Card from American Express.

Bottom line

As is always the case in this hobby, you should crunch the numbers and see if this promotion works for you. A 30% bonus is good, though we’ve certainly seen bigger bonuses in the past. I would still decide if/when to buy points based on when you have the need for them, though, as opposed to based on the specific offer.

While it’s perhaps not an offer I’d personally take advantage of just for the purposes of hoarding points (given that I have a large Gold Passport points balance already), with a specific use in mind it can be a great deal.

Do you plan on purchasing Hyatt points with a 30% bonus?

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Comments

  1. Ben:

    I was just on the Hyatt site this morning, and saw this offer, so headed on over to see if you had mentioned it on your blog.

    I could really use some advice! I’m a Hyatt Platinum member (NOT Diamond). I have been thinking about staying for 3 nights at the Park Hyatt in Sydney in September. If I book with points, or a combination of cash & points, I’m booking a “Park King” room, NOT a “Harbour King” room. When I stayed last year, I used my two free nights, and got a Harbour King room, which I loved.

    I’m reluctant to spend all this money (be it points or points & cash) and NOT get a harbour view room. Does my platinum level guarantee any kind of upgrade (I understand not to a suite).

    If there is no guarantee that I will get a harbour view room, I’ll probably just book & pay cash for a guaranteed harbour view room.

    Do you have any thoughts of my ability to get a harbour view as a Platinum member?

  2. Hi Ben,

    I remembered that Hyatt Maldives doesn’t make reward room available very often. Is it still true?

  3. @susan – Having Diamond status doesn’t even guarantee an upgrade. I am also platinum, and just stayed there in Dec and Jan, and received no upgrade on either stay (given, that is their busiest time of year).

  4. @Jodi:

    Thanks! I wasn’t looking so much for an upgrade of room per as – just location – I want a Harbour King, not a Park King.

    I guess I’ll just have to temper my expectations!

  5. @Susan I booked through Virtuoso for the first stay, and even with the “room upgrade on arrival” as a perk, there as nothing available. Second stay was C&P, but luckily for us, I booked that when the Harbour view rooms were still an option, so the only thing we couldn’t fully see was the Opera House. I don’t think September is their busiest time of year, so you could always reach out to them, and see if there is anything they can do to upgrade you. Otherwise, if you’re going to pay, try booking through Virtuoso!

  6. @Jodi: Thanks! I sent an email to them last night, and they were most accommodating! I’ve booked myself into a Harbour View Delixe. So stoked!

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