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Hyatt has been running its current points sale since the middle of July but today is your last chance to take advantage. When this sale first launched it wasn’t particularly exciting (the 40% sales are the ones we normally look out for) but, since then, Hyatt has started to offer a rebate of up to 25% on award stays made by 8 October. For anyone looking to travel in the next few months that makes this sale considerably more attractive.
Buy Hyatt Points – Headline Rules
- Offer available with purchases made between 12:01 am ET June 17, 2020 and ET 11:59 pm July 29, 2020.
- Purchase 5,000 or more Bonus Points in a single transaction and receive 30% additional Bonus Points.
- Bonus Points will be awarded upon completion of individual transaction.
- In order to participate in a purchase transaction, you must be a member for at least 60 days to purchase or receive Bonus Points*
- Bonus Points can be purchased in increments of 1,000, up to 55,000 points per calendar year.
- Members can receive points in increments of 1,000, up to 55,000 points per calendar year.
- Additional Bonus Points awarded under this offer do not count towards these maximums.
- Offer may be withdrawn or changed without notice.
- Offer cannot be combined with any other offer.
- Only purchases made online are eligible for the promotion.
Full terms and conditions can be found via the promotion page.
*This looks like a change to the usual t&c’s – the old conditions stated that accounts had to be open for just 30 days before points could be purchased.
The good news is that as long as you buy at least 5,000 points in this sale, you will be buying World of Hyatt points at the best rate this promotion offers.
Whether you buy 5,000 points…
….or 55,000 points (the maximum allowed)…
….the cost per point doesn’t change – it remains at ~1.85 cents/point.
Should You Buy Hyatt Points In This Promotion?
It should go without saying that if you don’t have an immediate need for Hyatt points you shouldn’t be considering this sale – that has always been the case but it’s more true now than ever before (my one essential rule to follow when buying miles and points applies here). Having said that (and as I mentioned earlier), the rebates Hyatt is currently offering make the economics of this sale a lot more traveler-friendly.
Ignoring The Rebates
If you have no plans to travel by 8 October then the rebates are meaningless to you and, at first glance, this sale probably doesn’t appear to be particularly attractive. However, as I’ll now demonstrate, there will be times when points purchased in this sale will save you money – possibly quite a bit.
The first thing you should know is that this probably isn’t going to be the highest Hyatt bonus we’re likely to see in 2020. The best offer we’ve seen from Hyatt in recent times is a 40% bonus and it’s a pretty safe assumption that this offer will turn up at some point this year.
As always, the key to deciding on the merits of this promotion is the World of Hyatt award chart (which will not be devaluing until 2021):
Top-tier Hyatt Properties cost 30,000 points/night (the 40,000 point properties are all SLH properties) so, if you want to buy enough points in this promotion to book such a property it would cost you approximately $554.
If you’d like to use points purchased in this promotion to book the top-tier Small Luxury Hotels properties (40,000 points/night) the night would cost $740.
I consider $554 – $740 to be an incredible amount of money for a single night at a hotel and I can only imagine paying that in very, very special circumstances…and not for a long stay either!
But that’s just how I feel. The value may be there for others so, if you think $554 – $740 for a room at a top Hyatt/SLH property is ok or if you can see that it would save you money on a cash rate currently being charged, then this promotion may be of some interest.
If like me, you’re thinking that $554 – $740 for a hotel night is more than a little excessive it’s time to consider if this promotion can work elsewhere.
Using 1.85 cents as the cost of a World of Hyatt point this is how much Hyatt properties outside of the top two categories cost:
- Category 1 – $93
- Category 2 – $148
- Category 3 – $222
- Category 4 – $278
- Category 5 – $370
- Category 6 – $463
Looking at those prices I can see that there *will* be times when buying points in this promotion will save you some cash….but those occasions may not be all that plentiful.
Take the Hyatt Regency San Francisco Airport as an example.
On a random night in October the cheapest cash rate at this property $323:
Once you factor in all the taxes and fees this room will cost $362 for the night.
As this is a Hyatt Category 3 property, an award night for the same date can be booked for 12,000 points…
…and in the current points sale 12,000 points would cost ~$222.
Buying points and using them for this hotel on this particular date would save a guest $140.
This sort of math can work at mid-tier properties too.
The Grand Hyatt San Francisco is a Category 5 property and at various points of the year will only cost around $270 + taxes for a standard room.
Clearly buying enough points in this promotion to book a standard room at the Grand Hyatt when rates are that low is a bad idea as the 20,000 points needed would cost you $370…but there will be times when points will definitely save you money.
At busier times room rates at the Grand Hyatt San Francisco can go up a LOT and it’s at times like these that’s the math looks very different.
On the same night as the Hyatt Regency SFO costs $362, the Grand Hyatt in the heart of San Francisco costs at least $437 + taxes and fees:
The total cost for this night comes to $536.97 when taxes and fees are added in:
The same night can be booked for just 20,000 points…
….which, in this sale, would cost $370.
Unless you have top-tier status you’ll have to pay the abhorrent destination fee that this property charges whether you’re booking a cash rate or an award rate but, even when that fee is stripped out, an award booking made with points bought in this sale would still save a guest approximately $138.
That’s a saving that’s definitely worth having!
Consider The Rebates
Hyatt is offering all World of Hyatt members a rebate of at least 15% on award bookings made by 8 October while Hyatt co-branded credit card holders will receive a rebate of 25% (click for more details). That’s impressive…and it opens up some great opportunities for anyone happy to travel in the next few months.
The Park Hyatt Chicago, for example, is charging $357 + taxes for a randomly selected Saturday night in September…
…which comes to a total nightly cost of a little over $418:
The same room on the same night can be booked for 25,000 points (before any rebate):
Hyatt-co-branded cardholders would get a 25% rebate on this booking which would give them the option of paying $418 or 18,750 points. 18,750 points in this sale cost approximately $347.
Where before it was hard to get great value out of the high-end Hyatt properties using points purchased in this sale, now, thanks to the rebate, the value is clear to see.
You can take things even further when booking suites.
On the same night, an entry-level suite at the Park Hyatt Chicago costs 40,000 or $909.84 ($775 + taxes). With a 25% rebate, this suite will effectively cost just 30,000 points which, when purchased in this sale, would cost approximately $555. What would you rather pay for this suite: $909.84 or $555? 🙂
Hyatt sells its points through Points.com so there’s no scope to earn a travel/hotel bonus by using a credit card that offers bonus points for shopping in either of those categories. This makes this a good opportunity to use a credit card on which you’re working towards a welcome bonus (like the bonus currently available on the World of Hyatt credit card) or a card that earns you points that you value highly (I would choose to use my Blue Business Plus Credit Card from American Express which would earn me 2 Membership Rewards Points/dollar spent).
If you’re someone who prefers to earn cash back over miles and points, the Citi Double Cash credit card (2% cash back) is the card that offers the best value
In some cases, this promotion isn’t a very good deal at all, but there are plenty of examples that I could cite in which buying Hyatt points in this sale and then using them to book an award could save someone a lot of cash. The rebates Hyatt is offering through 8 October make things even better and open up a number of great opportunities to book high-end properties (and rooms) that may otherwise be out of reach.
As always it all comes down to individual circumstances and the math – don’t buy points without working out if it makes sense.