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!
Since mid-July, Hyatt has been offering up to a 40% bonus on purchased points. If you’ve been considering taking advantage of this promotion, this is your last chance to do so. The promotion expires at 11:59PM ET tonight, August 9, 2017.
A 40% bonus is as good as Hyatt’s promotions on purchased points get. On top of that, keep in mind that if you have the Hyatt Visa and have registered for the promotion, you can get a 10% refund on redeemed points for stays through September 5, 2017.
Through this promotion 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.
Put another way, if you have the Hyatt Visa and redeem those points for stays by September 5, you’d get 7,700 points back, meaning you’d really be acquiring 84,700 points, which is ~1.56 cents per point.
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 (or less), 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.
If you’ve been considering buying Hyatt points with a 40% bonus, this is your last chance to do so. Bonuses on purchased Hyatt points don’t get bigger than this, and if you can stack this with the 10% refund on redeemed points, you can get an even better deal.