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I am currently debating on whether or not to apply for the Hyatt co-branded credit card from Chase. The main reason is because if you have this credit card then you get a 20% rebate on ALL point stays between February 17 and July 31, 2015. I recently stayed at the Park Hyatt Beaver Creek and redeemed a total of 120,000 points. This means if I had the Hyatt credit card I’d get 24,000 points back into my account which would be awesome!
Now, the main problem and the reason why I’ve been holding out on getting this card is the sign up offer. Right now the sign up offer is 2 free nights after you meet the minimum spend requirement + a $50 statement credit (related blog post detailing out how to apply for the best offer – which is better than the publicly available offer you see on Hyatt.com’s homepage. While this is great for those that have a high end stay coming up, the certificates expire 12 months after they are credited to your account and quite honestly I am not sure if I will get the best use out of them right now. Word on the street is that there is an offer out there somewhere for 50,000 points and I’d much prefer that offer. My assumption is sometime in the next year or so we will see a more public version of this offer (although no guarantee!). While 2 free nights can theoretically be valued at 60,000 points I’d prefer the flexibility of points that have no expiration date.
Although, at the the rate I am going, I’ll continue to put off applying for this this card and never reap the benefits! So maybe I just take the plunge now even if I do not get the best redemption value for the two free nights. This is a card I want to keep for awhile because of the yearly anniversary bonus where you get a free category 1-4 certificate. While the annual fee is $75, I will definitely get my moneys with the free night certificate. The card also gives Platinum status, but that status isn’t worth much.
Another pro of getting the card now is that it seems as though many of their promotions are catered around having the Hyatt credit card. While this is the first offer we’ve seen thus far that was only for folks with the credit card, offers in the past have given credit card holders a bump in the bonus offered.
So what would you do?