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Hyatt is currently selling their points with a 30% bonus which equates to 1.85 cents a piece through 05/30/22. Why would you 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
One thing to note is Hyatt limits the number of points you can purchase to 55k. Hyatt runs two different kinds of promotions: discounts and bonuses.
This particular sale is a bonus, meaning you’re capped at 55k base points, but a 30% bonus is applied so you can earn more than the 55k points. The alternative is a discount, where you may pay a bit less, but the most you can add to your account is 55k
The Chase World of Hyatt Credit Card
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Bonus vs Discount
So you can see the difference:
Here’s a look at the pricing with a 30% bonus ( the current offer or 1.84 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.
And here it is with a discount…the most recent was 30% discount or 1.68 cents
Is this the best price?
We’ve seen a 40% bonus, roughly 1.7c per point, so this is a bit less than that. And, from the example up above, the 30% discount is 1.68 cents per point.
Maxing the deal out
As I mentioned before, the maximum you can buy is 55k points. Something to consider is whether you want more points or a cheaper price. However, in the past, unless its a 40% bonus, the price per point is higher for a bonus vs discount
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.
- 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.
Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers.
A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
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♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary
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