Some links to products and travel providers on this website will earn Traveling For Miles a commission that helps contribute to the running of the site. Traveling For Miles has partnered with CardRatings for our coverage of credit card products. Traveling For Miles and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone and have not been reviewed, endorsed, or approved by any of these entities. For more details please see the disclosures found at the bottom of every page.
Hyatt has launched a new points sale in which it’s offering World of Hyatt members a 25% discount on the regular price of points through to the end of April. As Hyatt points sales go, this one isn’t too bad and used correctly, could save you quite a bit of money.
- Offer available with purchases made by 11:59 pm on 30 April 2021.
- Purchase 3,000 or more points in a single transaction and get a 25% discount.
- In order to participate in a purchase transaction, you must be a member for at least 60 days.
- 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.
- Price includes all applicable fees.
- GST/HST will be charged to Canadian residents. QST will be charged to Quebec residents.
- Purchased points are not refundable and transactions are non-reversible.
- Purchased points are applicable toward all World of Hyatt awards.
- Points purchased using this option will post within 48 hours.
- Purchased points do not count toward World of Hyatt elite membership tiers
The full terms and conditions have been reproduced at the end of this post and can also be found on the sale page.
Because Hyatt doesn’t mess around with the price of points within a given bonus band, as long as you purchase a minimum of 3,000 points in this sale you’ll be buying points at the cheapest rate available – 1.80 cents each.
The key to understanding where value is to be found is the current World of Hyatt award chart (don’t forget that Hyatt will be introducing seasonal pricing from July 2021):
- Buying points in this sale and using them to book a top-tier Hyatt property (Category 7) would see you pay approximately $540/night
- Buying points and using them to book a top-tier SLH property (Category 8) season would see you pay approximately $720/night
For me, both those scenarios are expensive so I wouldn’t be tempted to buy Hyatt points to book a top-end property. The value is to be found a little further down the award chart by booking mid-tier/upper mid-tier properties (and possibly the occasional low-tier property).
I’m going to use the Andaz 5th Avenue as an example to illustrate what I mean.
This property falls into Category 6 so an award night here will cost 25,000 points/night and, on a random night in June, an entry-level room at this property can cost an eye-watering $637 + taxes/fees…
or 25,000 points:
Once you factor in the taxes and fees, the cash rate for this particular night comes to $780.35 (including the heinous Destination Fee which World of Hyatt members don’t have to pay on award bookings).
Using points to book a room on this particular night would see you get approximately 3.12 cents of value out of each point used, and that’s a pretty great deal if you only paid 1.80 cents per point in the first place.
Effectively you would have paid $450 for a room that would otherwise have cost ~$780 so you would have saved $330 by buying points in this sale.
Just as this property can prove my point that it can be a good idea to buy points in this sale, it can also prove my point that you need to be careful. Buying points and then using them without working out the value you’ll be getting is a great way to lose money.
On a randomly selected date in October, the Andaz 5th Avenue can be booked for ~$310 (including all taxes and fees) or 25,000 points. If you were to use points purchased in this sale to book this particular night, you’d be getting under 1.25 cents of value out of every point you used, and that’s not a good idea if you originally bought those points at 1.80 cents each.
Buying points in this sale can definitely save you money but you need to be selective with your bookings if you’re to guarantee a good return on the money you spend.
Hyatt points sales are processed by Points.com so you’re not going to get a credit card travel/hotel category bonus if you buy points in this sale.
What this means is that this is a good opportunity to use a credit card on which you’re working towards a welcome bonus (like the fantastic bonus being offered by the Chase Sapphire Preferred Card right now)…
…or to use the excellent Chase Freedom Unlimited Card which will earn you 1.5% cash back (or 1.5 points/dollar).
In some cases this sale won’t represent a great deal but, as I’ve shown above, there will be instances where buying points in this sale can save a World of Hyatt member a serious amount of money. I found the example that I gave above with no effort at all so getting value out of this sale shouldn’t be a challenge.
As always, it all comes down to individual circumstances and the math. If you’re planning a stay in the next few months you should check award availability, compare the cash rate to the number of points needed, do the math and see if buying points at 1.8 cents each could save you some money.