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Chase is continuing to refresh the welcome offers on its range of credit cards and the latest card to be updated is the World of Hyatt credit card. The new welcome offer goes live today and not only does it give new applicants a choice of bonuses they can earn, but it also gives them 10 elite night credits for 2020 and a further 10 elite night credits in 2021.
New World Of Hyatt Credit Card Welcome Offer
As of today, 16 October 2020, everyone who successfully applies for the World of Hyatt credit card will be able to choose between the following two offers:
- Earn 25,000 bonus points after spending $3,000 within the first 3 months from account opening and earn an additional 25,000 bonus points after spending $6,000 (in total) within the first 6 months of account opening.
- Earn a $200 statement credit after making a single purchase (of any value) with the World of Hyatt Credit Card and earn 1 free night at any Category 1-7 hotel worldwide after spending $3,000 on the card within the first 3 months of account opening.
Note: This news is going out at the very moment that Hyatt is announcing this new welcome offer so there may be a delay between the announcement and all links showing the new welcome bonus choices.
In addition to the above, new World of Hyatt credit card holders who apply and are approved for the card by 31 December 2020, will receive 10 Tier-Qualifying Night credits toward tier status in 2020 and 2021. This is an increase on the 5 Tier-Qualifying Night credits that this card usually offers every year.
Note: The World of Hyatt credit card is not available to either (i) current Cardmembers of any Hyatt Credit Card, or (ii) previous Cardmembers of any Hyatt Credit Card who received a new Cardmember bonus within the last 24 months.
Other World Of Hyatt Credit Card Key Facts
- 4 points/dollar at Hyatt properties worldwide
- 2 points/dollar at restaurants worldwide
- 2 points/dollar on airfare booked directly with airlines
- 2 points/dollar on local transit and commuting spending
- 2 points/dollar at fitness clubs and gyms
- 1 point/dollar on all spending in all other categories
- World of Hyatt Discoverist status for as long as you hold the card
- 5 elite night credits every year (10 nights in 2020 and in 2021 for successful applications made by 31 December 2020)
- Earn 2 elite night credits for every $5,000 spent on the World of Hyatt credit card
- Get a free night certificate valid at Category 1 – 4 properties every year
- Earn a bonus free night certificate valid at Category 1 – 4 properties when you spend $15,000 during your cardmember anniversary year
- No foreign transaction fees
Welcome Offer Choices
The two offers that new World of Hyatt cardholders can choose from are offers that have been around for a while, but this is the first time that I’ve seen them both published in the same credit card offer. The decision as to which offer to choose will depend on how you value World of Hyatt points, how much spending you think you’ll be doing in the next 3-6 months, and how likely you are to travel in the next year.
I value World of Hyatt Points at 1.4 cents each (based on the value I know I can get out of them without having to make much effort) so the first option is worth $700 to me ($350 + $350). This is, however, an option that requires a new cardholder to spend $6,000 in the first 6 months of card membership.
The second option gives new cardholders a $200 statement credit and a free night certificate worth up to 30,000 points after just $3,000 of spending (in the first 3 months) so, at 1.4 cents/point, I value this at a maximum of $620.
Both options have their merits and their downsides.
Option one offers up to 50,000 points which will not expire (unless you allow your World of Hyatt account to go dormant for 2 years) but requires $6,000 of spending. Option two looks good because it offers an easy path to a $200 statement credit (which will cover the annual fee for 2 years) and only requires a cardholder to spend $3,000 to trigger the free night certificate. However, what shouldn’t be ignored is the fact that the free night certificate is less flexible than the points that option one offers, and it will expire if unused within a year.
It’s impossible to say which option is best because there’s no one-size-fits-all answer here. For some, the additional spending required to earn the full bonus of option 1 will be a deal-breaker while for others, the relative inflexibility of the free night certificate in option 2 will be offputting.
There’s no right or wrong answer here as a person’s individual circumstances will dictate which of the two options will work best for them.
10 Elite Night Credits In 2020 & 2021
Regardless of which of the two options (discussed above) that new cardholders choose, all new applicants who are approved for a World of Hyatt credit card by 31 December 2020 will be given 10 elite night credits in 2020 (they’ll post within 8 weeks of a new account being opened) and 10 elite night credits in 2021 (they’ll post within 8 weeks of 1 January 2021). This is a very nice added bonus with which to end the year.
Hyatt may have already extended everyone’s status into 2022, but that doesn’t mean that people should pause their elite night earnings. Apart from the fact that you can improve on the status you currently have by earning more elite night credits this year (don’t forget that Hyatt is currently offering bonus elite credits for 2020 and 2021 on stays made through 4 January 2021), elite nights are also the key to earning Hyatt’s milestone rewards (something which the status extensions do not offer).
The 10 elite night credits that the World of Hyatt credit card will bestow upon new cardholders in 2020 could easily be the final push that someone needs to reach a milestone reward this year, and the 10 elite night credits bestowed in 2021 will give new cardholders a great head start on earning status and milestone rewards in 2021.
A key thing to remember here is this:
If you happen to be in a position to stay with Hyatt before the end of the year, every night you stay will earn you an elite night credit for 2020 and an elite night credit for 2021 (that’s on top of the 3x or 4x points that you’ll also be earning).
Combining the World of Hyatt credit card with 10 nights at Hyatt properties before the end of the year would see a new cardholder earn the following:
- 2 Club Access Awards in 2020 (for earning 20 elite nights in 2020)
- 2 Club Access Awards a the beginning of 2021 (for earning 20 elite nights in 2021)
It would also put a new cardholder just 10 nights away from the following:
- Explorist elite status in 2021
- 2 further Club Access Awards (issued at 30 elite nights)
- A free night certificate for a stay at a property in Category 1 – 4 (issued at 30 elite nights)
Booking Hyatt stays for 2020 may not be a viable option for a lot of people right now (it’s hard to ignore the pandemic), but for those who can travel and who are able to travel, combining a new World of Hyatt credit card application with a few nights at Hyatt properties before the end of the year could make a lot of sense.
The welcome offer on the World of Hyatt credit card has been refreshed and new applicants now have a choice of two rewards for hitting predetermined spending targets. On top of this, all successful new applicants who get the World of Hyatt credit card by 31 December 2020 will be credited with 10 elite nights in 2020 and 10 elite nights in 2021.
Whether you’re looking to earn status with Hyatt for the first time or if you’re looking to improve the status you have, requalify for a status you have, or simply make progress to the next milestone reward, the new welcome offer on the World of Hyatt credit card is definitely worth a closer look.