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For the next two weeks through July 31, 2015, you can receive a 40% bonus when purchasing Hyatt Gold Passport points. I found out about this promotion from View from the Wing, and he is reporting that this is only valid for those with elite status unfortunately).
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. Additionally, if you are at Hyatt credit card holder and you’ve already registered for the 20% rebate offer when redeeming points, you can double dip in both promotions for an extra savings. If you were to purchase points now to stay by July 31, 2015, you’ll get the 40% discount as well as the 20% rebate!
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. While this is the same offer as the previous purchase point offer, it is still typically the highest we see.
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: Grand Hyatt Kauai or Andaz Maui
Both these properties in Hawaii are category 6 hotels (which means 25,000 points to redeem for a free night). You can purchase 36,000 points plus a 14,400 bonus and it will cost you $864. If Points + Cash is available, you can do pretty good as this option requires 12,500 points + $150/night. You could purchase up to 6 nights worth of points with this current promotion. This will cost you $1,296 to purchase the points then another $150/night, meaning it will only cost you $366 a night. This hotel can sometimes be less expensive or more expensive, but remember, the total price includes taxes and resort fee! Also, if you are staying between now and July 31st, you’ll get back 15,000 points which is enough to redeem at a category 4 hotel!
Overall… 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, I do not foresee any big changes in the near future – but you never know!