Hyatt Points Sale: Up to 20% Bonus on Purchased Points Through June 1, 2014
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Do you need a few extra points to top-up your Hyatt Gold Passport account?Hyatt is running a buy points promotion where you can earn up to a 20% bonus, until June 1, 2014.
How It Works
Link: Hyatt Hotels
When you buy Hyatt points from now until June 1, 2014, you’ll earn the following bonus:
- Purchase 1,000 to 19,000 points – get a 10% bonus
- Purchase 20,000 to 29,000 points – get a 15% bonus
- Purchase 30,000 to 40,000 points – get a 20% bonus
Hyatt charges $24 per 1,000 points, or 2.4 cents per point ($24 cost to buy points / 1,000 points
). With this bonus, you’ll end up paying:
- Purchase 1,000 to 19,000 points – ~2.2 cents per point
- Purchase 20,000 to 29,000 points – ~2.1 cents per point
- Purchase 30,000 to 40,000 points – ~2 cents per point
So the best value is to buy 30,000 to 40,000 points at 2 cents per point.
You can only buy a maximum of 40,000 points per calendar year. And this promotion isn’t valid for giving points as a gift – they have to be for your own account.
This isn’t as good of a sale as previous Hyatt promotions when they’ve offered a 30% bonus (~1.85 cents per point).
And you’ll still get a better deal by using your existing Hyatt points for Hyatt Points and Cash awards, where you can use cash to pay for part of an award stay. Using Points and Cash, you can “buy” points for as little as ~1.3 cents per point.That said, if you just need a few points to top off your account for an award, this could be worth it for you.
Is This a Good Deal?
If you bought points to pay for those rooms, you’d spend $120 for 5,500 points (2.4 cents per Hyatt point X 5,000 Hyatt points + 500 Hyatt points for the 10% bonus). And you’d spend $648 for 31,050 points (2.4 cents per Hyatt point X 27,000 Hyatt points + 4,050 Hyatt points for the 15% bonus).
So for this deal to be worth it, you’d need to find a hotel that costs more per night than the price of the points. I looked at a couple of examples.
1. Category 1 Hotel – Hyatt Place San Antonio Airport / Quarry Market
The Hyatt Place San Antonio Airport / Quarry Market is a Category 1 hotel which costs 5,000 points per night. I picked a random date on the Hyatt website and found the hotel listed for $119 plus tax = ~$139.
It would cost less to buy points with this promotion ($120) and book an award room (if available). But you would NOT earn points for the stay.
I checked Kayak to compare prices. They had the same rate, $119 plus tax. But sometimes Kayak is cheaper.It might also be worth it to check Travelpony for Hyatt hotel deals. Travelpony often has hotels at a significant discount – up to 70% off regular rates.
2. Category 7 Hotel – Park Hyatt Paris Vendome
I checked Hyatt for a night in September. The cash price of the room is 840 Euros including tax (~$1,170).
So if you would have paid cash for a room anyway (although paying ~$1,170 for 1 night is definitely NOT Big Travel with Small Money!) you would be better off buying the points and booking an award room, if 1 is available.
I checked Kayak to see if the price was the same. In this case it was actually more expensive at $1,236 per night.
Before you decide to buy points for an award room, DEFINITELY do the math and see if it’s worth it for you.
And remember, you won’t earn points for an award booking! So if the difference is not much, you might be better off paying for a room with cash and collecting the points.
The best use of this promotion would be to buy points if you’re
a little short of the amount you need for an award night. Otherwise, you’ll be spending a lot of money for points you can get much more cheaply!
Other (Better!) Ways to Get Hyatt Points
Link: Chase Hyatt Visa
Link: Chase Ink Bold
Link: Chase Ink Plus
Link: Chase Sapphire Preferred
I’ve written about all the ways to get Hyatt free nights and points. Instead of buying points, you could earn them through credit card sign-up bonuses and spending with very little out-of-pocket cost.
And we’ve transferred Chase Ultimate Rewards points from the Chase Ink Bold, Chase Ink Plus, and Chase Sapphire Preferred cards directly to Hyatt at a 1:1 ratio. We’ve transferred points to stay at amazing hotels, like the Park Hyatt Milan and the Grand Hyatt Kauai.
Chase recently increased the sign-up bonus on the Chase Ink Bold and Chase Ink Plus cards to 60,000 points after meeting minimum spending. That’s enough for 2 nights at a top-tier Category 7 Hyatt hotel, which could be worth over ~$2,600!
You can earn up to a 20% bonus when you buy Hyatt points, until June 1, 2014.
If you buy the maximum number of points, you’ll pay ~2 cents per point. It could be worth buying points if you would have paid cash for a room anyway (but check 1st to see if it’s cheaper with points), or if you’re short a few points for an award night and need to top-up your account.
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Chase Sapphire Preferred® Card
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
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Either $5 or 5% of the amount of each transfer, whichever is greater.
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