At the beginning of June I posted that Hyatt was running a promotion where you’d get up to a 30% bonus when purchasing Hyatt Gold Passport points. This is a promotion I see a few times a year and one that can definitely be beneficial depending on any upcoming travel you are planning. You’ll receive the following bonus depending on the number of points you purchase:
- Purchase 1,000 to 9,000 points and receive a 10% bonus
- Purchase 10,000 to 29,000 points and receive a 20% bonus
- Purchase 30,000 to 40,000 points and receive a 30% bonus
Every 1,000 base points will cost you $24, and you can purchase up to 40,000 points in any given transaction. While I probably wouldn’t purchase points out of pure speculation, this can really save you some money for some hotel stays rather than paying the full cash amount. Keep in mind though, when using points you are not able to use your suite upgrades (if you have Diamond status) and you will not earn points – so keep that opportunity cost in mind.
A few examples though where purchasing points for a “free” night can possibly be a deal:
- The Hyatt Escala Lodge (at the base of the Canyons Mountain in Park City) is a category 4 hotel, which requires 15,000 points per night. If you are looking to stay for 3 nights, you can purchase 35,000 points for $840. With the 30% bonus you’ll end up with a total of 45,500 – the perfect amount to redeem for a 3 night stay (with 500 points left to spare). While $840 might sound like a lot, this really comes down to $280 night (and no extra fees for taxes!). A typical night here goes for at least $300/night + tax during ski season and can be as much as $500/night + tax.
- The Park Hyatt Maldives Hadahaa is a category 6 hotel requiring 22,000 points a night. A two night stay requires 44,000 points which you’d be able to purchase for $816 (purchase 34,000 points and with the 30% bonus you’ll get a total of 44,200 points). One night here costs a bare minimum of $700/night, so this could really work out in your favor.
Keep in mind that those are just two examples, but there are many others out there where you’ll get a great ROI. Tokyo and Paris are two others. Just remember, points can devalue over time so be pretty positive you’ll be able to use the points in the near future.
Now, I absolutely DO NOT suggest purchasing points out of speculation as this is not a fabulous deal, but only worthwhile for particular stays based on your money saving calculations. Also, points can devalue over time, so only purchase points if it economically makes sense for an upcoming reservation.
Also, you are purchasing points through points.com so this will not be tagged as a travel purchase if you are using a credit card that gives X bonus points on travel purchases. This is always a question that comes up with purchasing points promotions (for many programs), so I wanted to let you all know in case you were wondering.