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I prefer the 40k Chase Hyatt Visa than 2 free nights version
In case you’ve missed the news…Chase looks to be changing their Chase Hyatt Visa card from 2 free nights at ANY Hyatt in the world to 40k points starting June 29th. If you are looking to hit up Category 6 or 7 hotels in the next 12 months…go for the current deal. If you’re like Miles and I…the 40k offer ( which is 45k after you add an authorized user ) is much better. Why? You don’t have to use those points in the next 12 months, and you can use them for Cash + Points bookings.
The Chase Hyatt Visa is a great card. I first got it in 2012. I may sign up for it again.
Yes, Hyatt has made an unforced, uncompetitive error with the introduction of World of Hyatt. That doesn’t mean that there isn’t significant value in the program. Now that the card will offer 40k points…it’s far more enticing to me than was the 2 free nights.
Cash + Points increases the value of your points.
Let’s take a look at the Park Hyatt Saigon, which is incredible. and we visited earlier this year for New Year’s Eve. It’s a category 4 hotel. Rates are nearly $400 a night. So the current offer could get you 2 free nights there. Not a bad deal…worth $800, right? However…cash + points is just 7500 points + $100. Those 40k points could be used for 5 nights. Those 37,500 points would save you $1500. Yes, you’d shell out $500, but you’d get a much better value for your points – even spread that out over other hotels.
If you’re thinking of hitting up a Category 6 or 7 hotel…then this may be the time to do it. Otherwise, if you’re like us, this is a good deal for you.
You can use the charts below to calculate things, but having the ability to now employ Cash + Points is, in my opinion, a great option.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card went through a major refresh in 2026 adding new bonus categories, travel protections, statement credits, and remains one of the best travel starter cards in the market. It earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott. Note that Hyatt is now a 4:3 transfer partner
Welcome Offer
Earn 100,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
Earn
- 5x on all travel purchased through Chase Travel℠
- NEW ACCELERATED EARN CATEGORY: 3x points on gas and EV charging
- NEW ACCELERATED EARN CATEGORY: 3x points on vacation homes at top brands
- Cardmembers will earn 3x points on vacation homes at these top brands: Airbnb, Vrbo, Plu Guide, HomeAway, Homestay.com and Vacasa.
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- 2x on all other travel
- 1x on everyday purchases
- 5x points on Lyft rides Earn 5x total points on eligible Lyft rides including ride share, bike and scooter rides and subscription and membership products through September 30, 2027.
- 5x total points on Peloton equipment Earn 5x total points on eligible Peloton equipment and accessory purchases over $150 through December 31, 2027.
Benefits and Credits
- $100 Annual Chase Travel Hotel Credit via Chase Travel℠
- NEW: $120 Global Entry, TSA PreCheck or NEXUS fee credit Cardmembers will receive one statement credit of up to $120 every four years as reimbursement for the application fee charged to the card.
- NEW: Complimentary Apple TV subscription for one year
- Points are transferrable to 14 Ultimate Rewards partners
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® Card is great starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Chase Ink Business Cash® , Chase Ink Business Unlimited® you can combine the points into the Sapphire Preferred account and transfer into hotel and airline partners
Annual fee remains quite low at $95 a year and if you use the $100 Annual Chase Travel Hotel Credit via Chase Travel℠ you’ll wipe out that annual fee every year. It has great bonus categories and other useful statement credits to enhance your travel.
One thing that is a bummer is Chase lowered the transfer ratio to World of Hyatt from 1:1 to 4:3.
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