Back in April Hyatt announced a great promotion where you could purchase their points with up to a 40% bonus. While I wouldn’t suggest buying the points just to buy them, if you have a hotel stay in mind, do the math to see if purchasing points is a better deal then paying the cash rate. This promotion ends today, May 23, 2018.
- Purchase 5,000-9,000 points receive a 30% bonus
- Purchase 10,000-55,000 points receive a 40% bonus
If you go all in, it will cost you $1,320 for 77,000 points. As I mentioned above, there are some scenarios that can actually save you a boat load of money. While I’ve shared my personal experience of purchasing points through this blog post and this podcast, here are some other scenarios:
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 typically much cheaper then 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.
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 pints (including the bonus) for $864. This can be used for two nights. I was just looking up this property and 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! Real my personal experience at purchasing points to save money at this hotel: blog post and podcast
Example 4: Grand Hyatt Baha Mar
This new 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!
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.