In the interest of full disclosure, One Mile At A Time earns a referral bonus for anyone that’s approved through some of the below links. These are the best publicly available offers that we have found for each card. Please check out our advertiser policy for further details about the partners we work with. Thanks for your support!
Through August 31, 2016, Hyatt Gold Passport is offering a 30% bonus on points.
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.
How does this stack up to Hyatt’s past promotions on the purchase of points?
- In July 2016, Hyatt offered up to a 40% bonus on the purchase of points, though it was targeted
- In March 2016, Hyatt offered up to a 30% bonus on the purchase of points
- In November 2015, Hyatt offered up to a 30% bonus on the purchase of points
- In August 2015, Hyatt offered up to a 30% bonus on the purchase of points
- In July 2015, Hyatt offered up to a 40% bonus on the purchase, though it was targeted
- In May 2015, Hyatt offered up to a 40% bonus on the purchase of points
As you can see, bonuses are typically in the 30-40% range, though it has been over a year since we’ve seen a non-targeted 40% bonus.
This promotion is potentially even better if you have the Hyatt Visa Card and can stack this promotion with the 10% discount on redemptions being offered through October 31, 2016. All types of award stays are eligible for this promotion, as long as the stay occurs by October 31, 2016. Hyatt also offered this promotion last year, so it’s a great to maximize your Gold Passport 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 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:
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
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 that maximizes your return on everyday, non-bonused spend, like the Amex EveryDay® Preferred Credit Card, Starwood Preferred Guest® Credit Card from American Express, Citi® Double Cash Card, etc.
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 (including on a targeted basis last month). 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?