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The new World of Hyatt Business Credit Card isn’t a game-changer and I think because the card is new and because it’s from Hyatt it’s being judged against an almost impossible standard. Here’s my full review.
It’s a great card to get for the up front bonus. In fact, if you’re eligible for new Chase cards and can get a business card, that’s a rich enough reward to make applying almost a no-brainer. The card is reasonably rewarding for spend, and has some interesting benefits.
I thought I’d lay out what I think are the (5) reasons to get the card, and see if these match with your goals.
- Initial bonus. The World of Hyatt Business Credit Card has the biggest points-based initial bonus offer I’ve seen for a Hyatt card: 75,000 points after $7500 spend within 3 three months from account opening.
I value Hyatt points at 1.4 cents apiece, making the initial bonus worth over $1000. In fact they’re probably worth even more than that to me (revealed preference) since I find Hyatt is the Chase Ultimate Rewards partners I transfer to most
- Doesn’t add to 5/24. Since it’s a Chase card you’re not likely to be approved if you’ve had 5 or more new cards in the past 24 months. However since it’s a Chase business card it should add to your 5/24 total, meaning that it may not trade off with other cards you’ll want to get.
- Most efficient way to spend for elite status. Spending on the card for elite status is more lucrative than with The World Of Hyatt Credit Card, though (which earns 2 elite night credits for each $5000 spent): the World of Hyatt Business Credit Card earns 5 elite qualifying nights with each $10,000 in spend on the card in a calendar year. That’s 25% more elite credit per $10,000 spent, though of course you may strand more spend reaching for it than when elite nights are awarded in $5000 spend increments.
Hyatt’s top tier of elite status (Globalist) is the most rewarding generally accessible elite loyalty tier of any chain in my view, but you actually get rewards at every 10 elite nights earned in the program, up to 100 nights each year.
# Nights Or Benefit 10 25k base points or 3 meetings Discoverist 20 35k base points 2 club lounge access awards 30 50k base points or 10 meetings Explorist, 2 club access awards, cat 1-4 free night 40 65k base points 5k points or $100 Hyatt gift card or 10k points off FIND experience 50 80k base points 2 confirmed suite upgrade awards 60 100k base points or 20 meetings Globalist, 2 suite upgrade awards, cat 1-7 free night, concierge 70 N/A 10,000 points or suite upgrade award 80 N/A 10,000 points or suite upgrade award 90 N/A 10,000 points or suite upgrade award 100 N/A 10,000 points or suite upgrade award
- Annual Hyatt credit and points rebate make annual fee worthwhile Each anniversary year cardmembers receive $100 in Hyatt credit in the form of two $50 statement credits (spend $50+ at a Hyatt property and receive a $50 statement credit up to two times each anniversary year).
Spending $50,000 or more on the card in a calendar year entitles cardmembers to receive a 10% rebate on points redeemed for the rest of that calendar year, up to 20,000 points back each year (at 1.4 cents apiece, worth up to $280).
- Waived requirements for the Hyatt Leverage program. The Hyatt Leverage program is a small business room discount program that provides legitimate savings on stays (can be cheaper than member advance purchase rate or AAA rate without advance purchase), and its terms say you need to credit 50 nights a year to remain in the program so having the card is a great way to access it at lower volume since the 50 night requirement is waived for cardmembers. Staying in the Leverage program alone can drive real savings to small businesses that use Hyatt.
I want the up front bonus, and I probably need the card for its more powerful earn towards status tiers. So the World of Hyatt Business Credit Card is one of the cards that is now at the top of my list (that I do not already have).