We may receive a commission when you use our links. Monkey Miles has partnered with CardRatings for our coverage of credit card products. Monkey Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. We appreciate you using our links!!!
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
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 because it earns 3-5x on select categories + Enjoy 5x on groceries up to $12k a year + $200/20k welcome bonus and no annual fee!
♥ Earn 20k Bonus Points or $200 after $500 Spend in 3 months
♥5x on travel booked with Chase Travel, 5x on rotating quarterly categories ( capped at $1500 per quarter )
♥5x on grocery stores, up to $12k ( no Target/WalMart) on your first 12 months of cardmembership
♥3x on all dining and qualifying delivery apps
♥0% interest on new purchases for 15 months