Recently we saw a 20% bonus on points transfers from Starwood Preferred Guest to American AAdvantage, which in many cases represented a good deal. That’s because one of the best uses of Starpoints is converting them into airline miles, given that they transfer at a 1:1 ratio, with a 5,000 point bonus for every 20,000 points transferred. That means you can essentially get 1.25 airline miles per Starpoint.
Well, now another hotel chain is offering a bonus on points transfers to American AAdvantage, and I figured I’d look at the value of that.
You can receive a 25% bonus when you convert Hyatt Gold Passport points into American AAdvantage miles between September 15 and October 14, 2016. Bonus miles should be posted to your AAdvantage account within 6-8 weeks of when the transfer is requested.
The catch is that unlike with Starwood, Hyatt points don’t convert into American miles at a 1:1 ratio. Now, in fairness, Starpoints are a bit more valuable than Hyatt points on a per point basis, so that shouldn’t really come as a surprise. Instead, Hyatt points convert into American miles at 5:2 ratio.
That means 50,000 Hyatt Gold Passport points convert into 20,000 American AAdvantage miles, and through this promotion you’d get 25,000 miles instead. That means the best you’ll do through this promotion is a 2:1 transfer ratio, which is not a good deal.
Personally I value both American miles and Hyatt points at 1.5 cents each, so I’d need a better than 1:1 ratio to transfer points.
I’d much rather redeem 25,000 points at the Park Hyatt Maldives
That being said, if you’re in a bind and need American miles, then I suppose it could make sense to take advantage of this promotion. But it’s certainly not how I’d choose to redeem my Hyatt points…