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Several weeks ago I wrote about the opportunity to earn huge discounts on Hyatt stays. Basically for buying a Milepoint premium membership for $49.95 you get a coupon code for 10% off Hyatt gift cards. You can purchase up to $5,000 in gift cards per Milepoint premium membership, and there’s a $6 cost for shipping regardless of how many gift cards you purchase. But beyond that, if you pay for the gift cards with The Starwood Preferred Guest Business Card you’d earn 5% cash back plus one Starpoint (which I value at 2.2 cents each) per dollar spent at domestic Hyatts, for a total of 7.2% back. That’s because the Starwood American Express participates in the OPEN Savings program, which Hyatt is a partner of.
That means right off the bat you’re looking at ~17% savings on Hyatt stays.
In addition to the above promotion (which has a cap of $5,000 and requires purchasing a Milepoint premium membership) it appears Hyatt is also running a promotion on the purchase of gift cards through the end of 2013. Gold Passport members can get 10% off a purchase of up to $2,000 in gift cards for entering promotion code GPGIFT at the time of checkout. As above, if you use the Starwood Preferred Guest Business Card you can get an additional 5% cash back plus one Starpoint per dollar spent on the purchase.
In practice the promotion code even seems to work on the purchase of stay certificates, which is potentially extremely valuable. I wrote about stay certificates in this post, which are basically certificates valid for one night at select hotels spread across six categories. They’re capacity controlled but have the potential to be an amazing value.
This all translates into huge savings potential for Hyatt stays with a bit of planning!
(Tip of the hat to Gary)