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As I first wrote about in late April, through May 23, 2018, World of Hyatt is offering up to a 40% bonus on purchased points. In this post I wanted to remind people of this potentially valuable promotion, as you have just under a week left to take advantage of it. Below is a summary of the deal, as well as the circumstances under which it can make sense to buy points.
How much is Hyatt charging per point?
This promotion is publicly available, meaning that all members should be eligible for the same offer. With this promotion you can receive a 30% bonus if you buy 5,000-9,000 points, and a 40% bonus if you buy at least 10,000 points in one transaction.
If you max out this promotion you can purchase a maximum of 77,000 World of Hyatt points at a cost of $1,320, which is a rate of ~1.71 cents per World of Hyatt point.
Hyatt offers a bonus on purchased points several times per year, and when they do, a 40% bonus is typically as good as it gets. As a result, if you do buy points, you’ll want to do it during a promotion like this.
Is it really worth buying Hyatt points for 1.71 cents each?
Here’s the World of Hyatt award chart, which shows the cost of both free night redemptions as well as Points + Cash redemptions:
At a rate of ~1.71 cents per point, that means you’d be paying the following amounts for a free night at each of these categories:
- Category 1 — $85
- Category 2 — $137
- Category 3 — $205
- Category 4 — $255
- Category 5 — $342
- Category 6 — $427
- Category 7 — $513
Some examples of good deals
Chances are you’re not going to get amazing value from this by deal just redeeming at random properties in the off-season. Instead you’ll get value out of this promotion by redeeming during peak season, where the potential is huge. So while I wouldn’t recommend proactively buying points at this rate, with a use in mind you can get a lot of value here. Let’s look at a few examples.
The Park Hyatt Maldives is regularly over $1,000 per night in peak season, while it’s only a Category 6 property, meaning you can buy enough points for a free night for $427, which is way cheaper than you’ll otherwise ever see this hotel.
Or take the Park Hyatt St. Kitts, which is a Category 7 property, meaning that a free night costs 30,000 points per night. In peak season rates here are $1,000+ per night (including taxes and fees over $1,300, and you don’t have to pay those fees on award stays).
Even lower end hotels can represent a great deal. The Hyatt Place St. Petersburg is a Category 1 hotel, and paid rates there are regularly $200+ per night, so that’s a great value as well.
Other things to keep in mind
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®, Citi® Double Cash Card, etc.
Also remember that World of Hyatt is transfer partners with Chase Ultimate Rewards, so you can transfer over points earned on cards like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® Card, or Ink Business Preferred℠ Credit Card. That would be my preferred way to acquire World of Hyatt points, though obviously a lot of people don’t have access to US credit cards, and/or don’t have big Ultimate Rewards balances.
While I wouldn’t recommend buying World of Hyatt points without a specific use in mind, there are tons of circumstances under which it could make sense to buy Hyatt points, especially for stays during peak season.
As you can see above, in many cases buying points can score you over half off the cost of a stay. So crunch the numbers for yourself, and then you can decide whether or not this promotion is for you. Just don’t take too long, as the promotion ends in less than a week.
Under what circumstances do you think it makes sense to buy Hyatt points for ~1.7 cents each?