Like last year, 2016 and in 2015, Hyatt is offering co-brand credit card cardmembers a rebate on points redeemed.

They’re giving all Hyatt cardmembers 10% back on redemptions made between August 1 and September 30, 2018. Registration is required by August 31, and Avis car rental certificate redemptions and points transferred to airline miles aren’t eligible. The rebate applies to free night awards, cash and points, suite upgrades, and dining and spa redemptions.

Last year there was a three month period for the 10% rebate. The year before it was nearly four months. And in 2015 it was nearly 5 months and a 20% rebate. So the offer isn’t as generous as in the past, but it’s certainly welcome.

It’s worth registering now. They promise rebates will post 6-8 weeks after redemption, however in the past they’ve posted more quickly than that for me.

Park Hyatt Sydney

Crucially you do not have to have had the Hyatt co-brand card prior to the start of the promotion to register and become eligible, if you get the card prior to registration cut-off and register you’ll still be eligible for the rebate. And pre-existing award reservations count for this promotion, there’s no need to cancel and rebook.

This offer makes transfers to Hyatt — already the best hotel partner use of Ultimate Rewards points — an even better use of your Chase Sapphire Preferred, Chase Ink Business Preferred Credit Card, and other eligible Chase card points.

Park Hyatt Hadahaa Maldives

I don’t have major award stays to make over the next few months, but at the margin this offer will:

• Tip the scales towards cash and points where available on my paid bookings, since those are even a bit cheaper than usual. Of course I’m trying to book cash and points for most non-work category 2 through 6 stays anyway. And cash and points, award stays, and free night certificates now count towards status, too.

• Encourage me to gift some award nights during the promotion period, considering Hyatt’s benefit where top tier elites booking awards for friends gift their status for the stay to those friends.

Even with this rebate remember that it’s never a good idea to spend your points in-hotel on dining or spa.

Terms and conditions:

TThis promotion is valid only for Hyatt Credit Cardmembers and World of Hyatt Credit Cardmembers who register for the promotion between 7/16/2018 and 8/31/2018. To qualify for this offer, account must be open at the time of fulfillment. Only points redeemed between 8/1/2018 and 9/30/2018 will be eligible for this promotion. If a redemption is connected to a stay, the entire stay must be completed by 9/30/2018. You will receive 10% Bonus Points back on the World of Hyatt points you redeem for award stays, points + cash, suite upgrades, dining and spa services during this period. Points redeemed for Avis car rental certificates or points transferred to airline partners are not eligible for this promotion.

Please allow 6-8 weeks after your point redemption has been completed for your Bonus Points to be loaded into your World of Hyatt account.

Hyatt is wholly responsible for the provision of or failure to provide the stated benefits and services. Bonus Points will post directly to your World of Hyatt account and will not appear on your credit card statement.

For details on redeeming World of Hyatt points, please visit worldofhyatt.com and see the World of Hyatt terms and conditions, available at worldofhyatt.com/terms.

Points redeemed for a Points + Cash award will be taken out of your World of Hyatt account at the time of booking. Any paid portion of a Points + Cash award will be charged directly to the member by the hotel at the time of checkout. Refer to worldofhyatt.com for complete terms and conditions of the World of Hyatt program.

Hyatt reserves the right to alter or withdraw this promotion with a suitable substitute offer of equal value (if legally required) at any time due to actual circumstances.