Hyatt just announced another offer for those purchasing Hyatt points. With this promotion, you’ll receive a 40% bonus on all points purchased, up to 55,000 points per year. The only requirement is that you must purchase at least 10,000 points. While I never suggest speculatively purchasing points, if you have an upcoming Hyatt stay, you might actually save money by purchasing points for a “free” night vs. paying the best available rate.
If you go all in, it will cost you $1,320 for 77,000 points. This promotion is valid for purchases through November 27, 2018. This promotion typically happens a few times a year as well, so if right now isn’t a good time to purchase points, I wouldn’t be surprised if we see the promotion again late Winter/early Spring of 2019. The World of Hyatt Credit Card is also another way to increase your point balance as well. Let’s take a few scenarios on how purchasing these points can actually be in your benefit:
Example 1: Andaz Costa Rica
This is 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, well over $500/night. 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 incredibly cheap compared to the going rate. Or, if the Points + Cash option is available (which it isn’t the entire Winter), you can extend your stay even more where a “free” night costs 7,500 points + $100. This can bring your cost down to $232/night. Just keep in mind that this hotel does not offer many standard rooms so if you are looking to make a reservation on points, book early!
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 (which I admit can be hard to find at the Andaz Maui), 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 + another $150/night, meaning it will only cost you $366 a night. This hotel can sometimes be less expensive (although usually not), but remember, the total price includes taxes and resort fee!
Example 3: Hyatt Ziva Cancun
This is one of Hyatt’s all-inclusive properties and costs 25,000 points for 2 guests. More guests require more points! So let’s say you purchase a total of 50,400 points (including the bonus) for $864. This can be used for two nights. During most of the winter it is over $600/night for two guests! Purchasing points would save you close to $400 for the two nights!
Example 4: Grand Hyatt Baha Mar
This new-ish property in the Bahamas is 20,000 points a night and from what I’ve read it is worth every penny! This hotel is usually around $450 a night after taxes and resort fees during peak season. Bahamas has ridiculously high taxes and this property charges a resort fee. So take whatever “base” night you see and add about another $100! So purchasing points can actually be a good deal (during peak season). Let’s say you are looking to go for 3 nights, you can purchase 60,000 points (including the bonus) for $1,032. That comes out to $344 per night which is over $100 off. And when using points you do not pay a resort fee! Now, if points + cash is available (which it typically is at this property), you can do even better! This will require 10,000 points + $125 per night. So the same 3 nights will cost you only $538 to purchase the 30,000 points + $375 on the “cash” portion. So for a total of $913 or $304/night you can stay at this property!
World of Hyatt Credit Card: Earn up to 60,000 bonus points – Earn 40,000 bonus points after you spend $3,000 on purchases within the first 3 months of account opening, plus an additional 20,000 bonus points after you spend $6,000 total on purchases within the first 6 months of account opening.
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. Also, Hyatt is possibly changing how Points + Cash works starting on November 1st. While we still do not have an official notice from Hyatt there has been a lot of speculation around this. I’ll write more about it today.
HT: The Shutterwhale