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Through June 1, 2014, you can get up to a 20% bonus when purchasing Hyatt Gold Passport points. Typically, I do not think purchasing points is worth it, but with this bonus and at a few select hotels, it can absolutely save you a boat load of money. To purchase points cost 2.4 cents/point and the maximum amount that can be purchased each year is 40,000 points. With this promotion, you will receive the following bonus:
- Purchase 1,000-9,000 points –> get a 10% bonus
- Purchase 10,000-29,000 points –> get a 15% bonus
- Purchase 30,000-40,000 points –> get a 20% bonus
Purchase points here.
Let’s take a few scenarios on how purchasing these points can actually be in your benefit:
Example 1: Hyatt Escala Lodge
This Hyatt property at the base of the Canyons Mountain in Park City, UT is a category 4 hotel (which means 15,000 points to redeem for a free night). During ski season, this hotel cost about $500/night – which I do think is expensive for this property. Instead you can purchase 38,000 points with a 7,600 bonus (thus netting you 45,600 points) for $912. These 45,600 points can be redeemed for 3 free nights, costing $304/night – much cheaper than the going rate of $500/night! Or, if the Points + Cash option is available, you can purchase 20,000 points with a 3,000 bonus (remember at this level you are only getting a 15% bonus) and those 23,000 points will cost you $480. For a category 4, a Points + Cash redemption night costs 7,500 points and $100. So three nights with this option will only cost you $260/night. And the best thing about Points + Cash is that you can use a diamond suite upgrade and the stay counts for all promotions and towards status.
Example 2: Park Hyatt Maldives Hadaha
This new-ish property in the Maldives is a category 6 hotel (which means 25,000 points to redeem for a free night). I checked a bunch of random nights and found the average night to cost about $1,000! With a high nightly cost, using points will essentially get you a buy one, get one! While you will not be able to purchase enough points to get you two nights, if you have at least 2,000 points already in your account if will work. You can purchase 40,000 points plus an 8,000 bonus and it will cost you $960. This is less then $500/night! If you currently have a zero balance you can always purchase the points now and come January 1, purchase the remaining 2,000 points required for $48. And, similar to the example before, if Points + Cash is available, you can do much better – this option requires 12,500 points + $150/night. You could purchase almost 4 nights worth of points with this current promotion.
If you know of any upcoming plans, I would absolutely look into the option of purchasing points and see if it worth it. However, I would probably steer away from purchasing points without having a redemption destination in mind. The reason for this is, as we all know, categories can change at any times, thus requiring more points. Although, since Hyatt just did a pretty massive change to their program, I do not foresee any big changes in the near future – but you never know!