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Hyatt is currently selling their points for a very competitive price: 1.85 cents a piece until 2/22. The whole idea around buying points is that you do it to shore up your account for a booking you want to make, or you do it to completely pay for a trip you want to take where the price of buying points is less than the rate you’d pay in cash. I’d never advise speculatively buying points just to buy points, but it can make a lot of sense used strategically. Let’s take a look at some examples.
Here’s a look at the pricing:
The strategy: Buying Points < Paid Rate.
Peak Season travel is EXPENSIVE. Occupancy is high, rates even higher. But that doesn’t mean hotels always block award space. In fact, if you’re savvy, and have some flexibility, you can arrange your trip around award avail, and stay in the best spots at the best times of the year.
For example: I stayed at the Park Hyatt Saigon and loved it.
Rates can get pricey – here’s a look at March where the rate prior to taxes and fees is $344. That’ll be $400+ when you check out.
But guess what…you can nab it for 15k points a night. Or $276 with this sale. Nearly $125+ savings per night.
That’s obviously an example that is far away for a lot of people based in the States, but what about other desirable locations like Augusta, Georgia during the Masters? I wrote an entire post about this, but we were able to stay for 12k points a night when paid rates were $1000. Obviously an extreme example, but the strategy is the same.
Don’t forget the World of Hyatt Credit Card also provides a free category 4 night every year
In addition to a healthy welcome bonus, the World of Hyatt credit card from Chase gives you a free night at any Category 4 ( 15k ) hotel in the world. In fact, that’s how I stayed one of the nights at the Park Hyatt Saigon in 2017; the other night was booked with points. Had I not wanted to transfer in the points from my Chase Sapphire Preferred, I could have purchased them to extend the trip and created a weekend trip.
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.