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Hyatt is letting folks know that the signup bonus for the Hyatt Credit Card will be changing on June 29, 2017. Get in while you can.
Currently the offer is 2 free nights valid at any participating Hyatt property in the world after $2000 spend within your first 3 months of cardmembership. They also give you 5000 points after adding an authorized user and having them make their first purchase within that same time period.
The $75 annual fee card also comes with an annual free night certificate valid for stays up to a category 4 property, and Discoverist status (which gets you 2 p.m. late checkout).
According to Hyatt the new offer will be 40,000 points after $2000 spend within your first 3 months of cardmembership.
With 2 nights valid at any Hyatt property you can use them at the Park Hyatt New York, the Park Hyatt Maldives or anywhere else you wish.
Park Hyatt Hadahaa, Maldives
I have and keep the card, the annual free night up to category 4 is more than worth the card’s $75 annual fee. But the reason to *get* the card is the signup bonus and because Chase doesn’t limit approvals to folks with fewer than 5 new card accounts in the last 24 months (‘5/24’).
View of the Petronas Towers from My Room at the Grand Hyatt Kuala Lumpur
There is no question that you can maximize 2 free nights more than you can 40,000 points. Two people get the card and earn the signup bonus and can together earn 4 nights together at the Park Hyatt Maldives.
Park Hyatt Hadahaa, Maldives
However there are reasons to prefer points.
- You have to redeem free nights within a year but as long as you don’t let your account go dormant you can redeem points any time.
- Points are more divisible. Use 40,000 for up to 8 free (category 1) nights rather than limiting you to 2 nights.
- Points can be used for cash and points awards which count towarda status.
- Points can be used towards suite awards, and points (but not free night redemptions) can be upgraded with top.tier elite suite upgrade awards.
- Points reservations can officially be gifted, while free night awards people usually add someone else’s name to the reservation and say that person is checking in first.
- Points can be transferred to someone else for free.
- 40,000 points can be used at the highest end for 2 category 5 hotel nights, versus today using 2 uncapped free nights at places like the Park Hyatt Sydney, Paris, or Tokyo.
Andaz Papagayo Costa Rica, Currently 15,000 Points Per Night (or 24,000 for a Suite)
I suspect that this isn’t really a ‘cut’ from a budgetary perspective. In fact it is likely roughly cost neutral. Free nights aren’t always used for category 7 nights and sometimes expire so are likely booked at far less than the cost of 60,000 points.
This is likely a move to ‘try something else’ is card signups aren’t meeting goals (perhaps another reason that 5/24 limits haven’t been imposed on this product).