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Buy Hyatt points with a 25% bonus until 08/11/23
Hyatt is currently selling their points with a 25% bonus which equates to 1.92 cents a piece through 08/11/23. This is a pretty good deal; however it’s not the best we’ve ever seen on price, but they have increased the maximum amount you can buy to 110k from 55k. If you’re low on Hyatt points…this could be worth it.
Why would you ever want to buy Hyatt points? Great question.
Buying any kind of point whether it be Hyatt or another brand is done strategically. The idea is that you can often buy points to redeem for a specific hotel or flight that will end up costing you less than the cash rate.
Before you plunge into a points purchase, the first step is making sure your desired hotel has award availability, and then to make sure the points purchase would price less than the cash rate. If it does…voila, pull the trigger.
Hyatt limits point purchases to 55k This promo 110k
Hyatt points are the most valuable hotel points out there, and we have seen in the past the cap being raised to 110k total. Also note, that Hyatt runs two different kinds of promotions: discounts and bonuses.
This particular sale is a bonus meaning the most you can buy is 110k, and you’d get the 25% bonus those 55k points
You can see how the bonus works below:
Can you show me the difference between a Bonus vs Discount
So you can see the difference:
Here’s a look at the pricing with a 30% discount ( 1.68 cents )
Often times bonus points, regardless of the program, will tier the offer with large purchases getting the biggest bonus. This one…starts at just 5k points. Low bar and we like it.
This is a prior 30% discount = 1.68 cents – the best pricing I can recall
And the 110k offer which was 1.8c per point with a discount
Is this the best price?
We’ve seen a 40% bonus, roughly 1.7c per point, and a 30% discount puts pricing at 1.68 cents per point.
Maxing the deal out
If you’re looking for the best price…this isn’t it. But, if you’re looking for the most Hyatt points that you could buy…this is pretty appealing.
Merging points for a booking
This is something you should definitely consider and would allow you to purchase more than 55k points across multiple accounts, and then combine them for a booking. Two members may combine points using this form, but may only do so once per 30 days. In my experience if you cancel a booking, the points stay in the account that was used for the booking, or in other words, the account that received the points.
Additionally, you can transfer points from your Chase Ultimate Rewards account to shore up your balance.
As I mentioned, When Buying Points < Paid Rate =
you should pull the trigger
I purchased points for a trip I took in August of 2020. I actually had enough Chase Ultimate Rewards to transfer in, so why did I buy?
I’d already transferred 60k Ultimate Rewards into my Hyatt account, and would rather save the 30k needed to another night for a future premium flight redemption.
I’ll walk you through my thinking, and how it gave me roughly double in value.
The Alila Villas Uluwatu has entry level rooms that measure 3k sq ft, all have private pools, and starting rates are roughly $1k a night ( it says $830 but after fees and taxes…$1k+)
I used a 40% bonus, when it was running last summer, to buy 30k points for a little over $500. Currently, those same 30k would equal $540, but you’d be getting close to $1k in value.
It doesn’t to be uber high end properties either. In 2021, recently redeemed points for a Hyatt Place stay in Knoxville, Tennessee. The reason I did this was because the going rate was nearly $250 a night and that didn’t include parking or taxes. The point rate was 8k, or $144. While I had points in my account, the decision is always based off of what kind of value am I extracting and what is my replacement cost. It was hands down the coolest Hyatt Place I’ve ever stayed at.
You still earn Status on award stays.
If you didn’t already know this, by using points, you aren’t sacrificing those elusive Elite Nights that you need to gain/retain status for next year. Hyatt now counts award nights towards status. In fact, most of your Elite benefits are extended to you when staying on an award night. Pretty sweet if you ask me.
Recap
- Do you need points?
- Can you get more value for the points than your purchase price?
- If so…this could be a great deal for you.
You can buy 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.