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Through January 31, 2015, you can get a 40% bonus when purchasing Hyatt Gold Passport points. The one kicker of the program is that to qualify for the bonus, you must have purchased points in 2014. Unfortunately, if you did not purchase any points in 2014 (which is probably most people), you will not be eligible for the 40% bonus. You can enter your Hyatt Gold Passport number in the purchase points page to see if you are in fact eligible. If you are eligible, here are my thoughts on the promotion. 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 55,000 points (plus the bonus).
So let’s say you go all in and purchase the full 55,000 points you will end up with 77,000 points for a total cost of $1,320. If you just want to purchase a few points, you will still get the 40% bonus which is great. This is actually the best promotion we’ve seen in a really long time and it is not tiered, which is great. The last promotion late in 2014 was an “up to 30% bonus.”
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 43,000 points with a 17,200 bonus (thus netting you 61,100 points) for $1,032. These 60,200 points can be redeemed for 4 free nights, costing $252/night – much cheaper than the going rate of $500/night! Or, if the Points + Cash option is available you can purchase 22,000 points with a 8,800 bonus and those 30,800 points will cost you $528. 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 $232/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 – remember though, this hotel is increasing to a category 7 hotel on January 22! Related post
This property in the Maldives is currently 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 a 60% discount on two nights! You can purchase 36,000 points plus a 14,400 bonus and it will cost you $864. This is less then $500/night! 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 up to 6 nights worth of points with this current promotion – it will cost you $1,296 to purchase the points then another $150/night, meaning it will only cost you $366 a night! That is an incredibly cheap option to stay in the Maldives. Unfortunately though, you cannot check availability online for a Cash + Points reservation so you must call 1-800-228-3360.
Overall… If you know of any upcoming plans, I would absolutely look into the option of purchasing points (if you are eligible) 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, I do not foresee any big changes in the near future – but you never know!
Thanks to View from the Wing for sharing this promotion!