Up to 14.5% off Hyatt Gift Cards

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Hyatt is offering 10% off the purchase of gift cards and gift checks which can be great if you have an upcoming trip. And the best thing is if you are making a purchase with an American Express OPEN credit card you’ll get 5% back as a statement credit (up to $10,000 per card per calendar year). So let’s say you purchase a $1,000 plastic gift card, it will cost you $900 (shipping cost aside) and you’ll get $45 back as a statement credit. Instead of the 10% back, you’ll be getting 14.5% off the purchase of gift cards.

This promotion goes through December 31, 2014 and you must use promotion code GPGIFT14 at checkout. There are three different purchase options:

  • eGift card – Gift card is delivered to the recipient via email so there are no shipping charges. These are valid at Hyatt hotels in the U.S., Canada, and Caribbean. International locations do not accept this payment option (at least at this given time). This option is not eligible for 5% statement credit if paying with an Amex OPEN credit card.
  • Plastic gift card – Gift card delivered via FedE and you will need to pay $6 for your entire purchase. Similar to the eGift cards, these are also only currently accepted at Hyatt hotels in the U.S., Canada, and Caribbean. UPDATE: USPS has now been added as a shipping option to give you free shipping! This option is eligible for the 5% statement credit if paying with an Amex OPEN credit card. 
  • Hyatt Checks – Paper gift cards which also come with a $6 delivery fee. These certificates, however, are accepted globally. The major caveat to this is I typically find exchange rates to be horrible at hotels. I get a much better value when they charge my credit card in local currency and then the credit card does the exchange for me. Also, these certificates are a one time use so if your bill is less than the paper check amount, you forfeit the remaining value. This option is eligible for the 5% statement credit if paying with an Amex OPEN credit card

While this is a great deal for those paying for an upcoming stay, you can also maximize if you are using points for a free night! As long as you put all hotel charges on your room (food, activities, etc.), you can pay for those incidentals at checkout with your gift card!

Here is a list of hotels that accept both the gift cards and check. Both options have no expiration date as well.

Will you be taking advantage?

Comments

  1. Keep in mind you are losing $7 every month you hold the $1000 gift card (assuming you could earn 8%). And don’t forget the Amex annual fees of $175-450/yr which must be offset before you get any benefit. Maybe a better deal to use a 2-3% cashback card with no/low fees. Or a Chase Hyatt card.

    • @Boraxo – I definitely wouldn’t recommend anyone to get a high annual fee simply for this savings, but if you already have a card it is great. Also, remember that the Amex SPG Open credit card is $65, so depending on how many gift cards you purchase, it actually could work out in your advantage. It all depends on the benefits you utilize.

  2. I took advantage of this a couple weeks ago, and did the same thing last year, it’s awesome! Question… how long does it take for your Open Savings to post? I had one post in November for a Hyatt purchase in June, and surely it can’t always take 5 months right?

    • @Justin – The last time I made a purchase was in January and I remember it posting fairly quickly. 5 months seems like a long time.

  3. FYI – I bought a $1000 hyatt gc online via their site this past August to use at Andaz Maui (since the OPEN benefit is excluded at this property). I DID NOT get the 5% OPEN savings for the purchase. They now use a different vendor (Vesta? I believe) than before (last year), in which I also bought a gc and got the 5% discount+10%off promo code.

    @Boraxo $65 annual fee for SPG BIZ…. i saved a lot more from amex offers and 5% savings at hyatt

  4. Glad you mentioned the FX issue. I was considering loading up on gift checks for use at foreign Hyatts (where I don’t use my SPG Amex due to its foreign transaction fee) but I would have gotten burnt on the exchange rate for sure.

    • @Sam – Yes, it is a big issue and I would never advise to use a gift card at a hotel charging in their local currency.

  5. Would it be possible to use these gift cards to take advantage of the hyatt 30% point bonus right now? I have never purchased there points but noticed it was through a different website.

    • @jay – unfortunately not. you are purchasing the points through a third party website where you cannot use hyatt gift cards as a form of payment.

  6. can you elaborate on the egift cards not being eligible for Amex open savings? Is the source from Amex or Hyatt? has it been confirmed? Thanks

  7. I purchased a Hyatt egift card and used my Simply Cash AmEx card and received 5% additional savings off the 10% savings of the egift card.

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