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This is a quick reminder that through tomorrow, December 10, 2014, you can get 30% 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. The cost to purchase points is 2.4 cents/point and the maximum amount that can be purchased each year is 55,000 points (you used to only be able to purchase 40,000 points a calendar year, so I’m glad they raised the maximum amount). The minimum number of points required for the bonus is 5,000 points. You can purchase points here.
So ultimately, with this promotion you are purchasing points at 1.85 cents per point. While this is still high for a speculative purchase, if you have any upcoming stays, it actually might be cheaper for you to purchase points then pay the current cash rate. Of course, you’ll need to do the math to see what works out best for your particular stay.
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 47,000 points with a 14,100 bonus (thus netting you 61,100 points) for $1,128. These 61,100 points can be redeemed for 4 free nights, costing $282/night – much cheaper than the going rate of $500/night! Or, if the Points + Cash option is available you can purchase 24,000 points with a 7,200 bonus which will cost you $576. For a category 4, a Points + Cash redemption night costs 7,500 points and $100. So four nights with this option will only cost you $244/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 Hadahaa
This 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! You can purchase 40,000 points plus an 12,000 bonus and it will cost you $960. This is less then $500/night! And, similar to the example before, if Points + Cash is available, you can do much better as this option requires 12,500 points + $150/night. You could purchase up to 5 nights worth of points with this current promotion – it will cost you $1,152 to purchase the points then another $150/night, meaning it will only cost you $380.40 a night! That is an incredibly cheap option to stay in the Maldives. Unfortunately though, you cannot check availability online for cash and points and so you must call 1-800-228-3360.
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 at the beginning of the year, I do not foresee any big changes in the near future – but you never know!
Now, if purchasing points is not your thing, check out this post on “How to Accrue Hyatt Points to Stay at Amazing Resorts.”