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Through August 9, 2017, World of Hyatt is offering up to a 40% bonus on purchased points. Unlike past promotions, it looks to me like this one is open to all World of Hyatt members.
World of Hyatt members who purchase at least 5,000 points receive a 30% bonus, while World of Hyatt members who purchase at least 10,000 points receive a 40% bonus. If you max out the promotion and purchase 55,000 points you’d receive a total of 77,000 World of Hyatt points. That would cost you $1,320, which is a rate of ~1.71 cents per World of Hyatt point.
How does this stack up to Hyatt’s past promotions on the purchase of points?
- In May 2017, Hyatt offered up to a 30% bonus on the purchase of points
- In October 2016, Hyatt offered up to a 40% bonus on the purchase of points
- In August 2016, Hyatt offered up to a 30% bonus 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
As you can see, this is as good as bonuses on purchased Hyatt points typically get, and this is the best bonus we’ve seen so far this year.
I value World of Hyatt 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.
At the rate of ~1.71 cents per point, you can purchase enough points for a free night at a Category 7 property for~$515, or a Category 6 property for ~$430 , while paid rates at those hotels are often $1,000+ per night.
For example, the Park Hyatt Maldives is a Category 6 property (normally retailing for 25,000 points per night), and rates are often $1,200+ per night:
There’s even a lot of value on the other end of the spectrum. For example, the Hyatt Regency Kathmandu is a Category 1 property (normally retailing for 5,000 points per night), and paid rates are often $180+ per night including the 25% tax and service charge, which you don’t have to pay on an award booking. Meanwhile if buying points you’d pay just ~$80 per night.
You can potentially get even more value out of your points by using Hyatt Points + Cash redemptions.
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 Chase Freedom Unlimited®, 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. There are certainly cases where buying Hyatt points with a 40% bonus could make sense, and this is as good as bonuses on purchased Hyatt points get.
Do you plan on purchasing Hyatt points with a 40% bonus?