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For the next two weeks through October 25, 2016, you can receive up to a 40% bonus when purchasing Hyatt Gold Passport points.
- Purchase 5,000 – 9,999 Points = 30% bonus
- Purchase 0,000 – 55,000 Points = 40% bonus
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 looking to redeem your points by October 31, 2016 and are a Hyatt credit card holder, you’ll receive 10% of your points back (although you must have previously registered for this promotion)! You can learn more about the 10% rebate promo here.
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. This is typically the highest offer you’ll see for purchasing points.
Let’s take a few scenarios on how purchasing these points can actually be in your benefit:
Example 1: Andaz Costa Rica
This is supposedly a beautiful resort right on the ocean in Costa Rica and is only a category 4 hotel! That means it only costs 15,000 points to redeem for a free night. Throughout the year, and especially during peak season, this hotel can easily cost a ton of money. 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 – which is typically must cheaper then the going rate. Or, if the Points + Cash option is available (which it isn’t this entire Winter), 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!
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!