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I’m near taking the bait.
Life is funny. This past weekend I was talking to some friends about how I used to get targeted for Hyatt Residence Club timeshare previews all the time. The biggest difference between then and now was that I had the Hyatt credit card then, and I don’t currently carry it now. I had been targeted several times for both Hawaii, and Sedona, Arizona. My past Sedona offers were the best: $99 a night plus 15k bonus points, and the Hawaii ones were $600 or $700 for 4 or 5 nights. It was like the Universe ( or maybe Facebook, lol) heard me…a couple of days later I received an offer to the Hyatt Regency Maui Resort and Spa: 5 nights, 6 days for $695 AND I would receive 12k World of Hyatt points. All I’d have to do is listen to a 90 minute timeshare spiel. I haven’t been back to Hawaii in ages, and this seems like a great offer to pull the trigger:
The value proposition:
The Hyatt Regency Maui isn’t cheap: Here’s a random weekend in July…5 nights average $450 a night plus taxes, fees, and a daily resort fee of $32.
The offer from Hyatt Residence Club is $695 all in. No resort fees. Plus, I’d earn 12k points. At just 1.5 cents I’m getting $180 back in value, dropping the overall cost to $515. Worst case a savings of over $2k, pro-rated at $140 a night. That’s a great deals
There are caveats:
- Combined income over $125k
- 27+ years of age
- If you don’t go to the seminar…the credit card on file will be charged the daily resort rate during your stay. I.E. you don’t wanna try and scam them and dip out
- Nonrefundable deposit of $500
- Have 12 months to use
- Can change for $100 fee up to 15 days ahead of arrival. Otherwise forfeit the deposit and opporunity.
- Incidentals are you own responsibility
- World of Hyatt benefits aren’t recognized
- I had wanted to use an Explorist upgrade cert…no go
- No upgrades with points to a suite, etc.
My feeling on the offer:
I’m heavily considering taking the plunge. I could hopefully review Hawaiian Airlines business class ( a great redemption of Ultimate Rewards at 60k roundtrip) to get there and back. I’d have to go to a 90 minute presentation, which would be an interesting comparison to timeshare programs my family already own in IHG and Marriott. I doubt I’d ever spend $400-500 a night to stay here as I’d redeem a stay with points when available, but it’s a great rate for 5 nights in paradise. I could also add on a couple of nights with points and cash ahead of time – apply a club upgrade certificate and hope they could just join the reservations. Otherwise…maybe a club upgrade could be negotiated at check-in.
Have you ever taken advantage of one of these offers? Check out the public offers here
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
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 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)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
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® is exceptional 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: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.