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The only thing constant in the credit card offer world is that offers change. The Hyatt Chase credit card offer was updated today. It introduced a minimum spending component for new and existing Gold-level Hyatt Gold Passport members which isn’t good, but the changes weren’t all bad (especially for existing Platinum members). In fact, my recommendation, if possible, would be to achieve Platinum status before applying for the card. Achieving Platinum status requires five stays at a Hyatt in a calendar year.
The old offer (which still seems to be available here – take screen shots of the offer page if you plan to try and get in on the previous offer) required you to make one purchase and then receive two free nights at any Hyatt worldwide no matter what your status was with Hyatt. If you were a Diamond member, those two nights were in a suite. Since some Hyatt’s can be extremely expensive, those two nights could easily be worth over $1000!
Here are the details on the new offer:
- Free night upon first use of the card for new and existing Gold-level Hyatt Gold Passport members.
- Second free night after spending $1000 on the card in three months for the above mentioned members (no minimum spending requirement for existing Platinum and Diamond level members).
- Rewards will be deposited to your Gold Passport account within 10 days.
- If you are a Platinum member when you get the card, you get two suite upgrades to use with paid nights in addition to your two free nights upon first purchase. This is a perk that was traditionally reserved for Diamond members, but it is a great bonus for Platinum members who get the Chase card. Note that you cannot use these upgrades on free nights – just on paid nights. Each award is good for a maximum of seven consecutive days. There is no minimum purchase requirement for Platinum members.
- If you are a Diamond member when you get the card, you get two free nights in a suite. This is unchanged from the old offer. There is no minimum purchase requirement for existing Diamond members.
- You will be awarded Platinum status for as long as you have the card. This was a benefit on the old offer as well.
- Upon your first year anniversary with the card (and subsequent anniversaries), you will receive one night in any available standard room within 12 months from issuance at any Hyatt Hotel or Resorts designated as Category 1 through 4 under the Hyatt Gold Passport program. There are lots of choices in those categories, so I would personally value this free room anywhere from $150-$200. It definitely helps off-set the $75 annual fee.
- Earn 3 points per dollar charged at Hyatt Hotels and 1 point per dollar everywhere else.
- No foreign transactions fees.
- If your account is not open for at least 3 months, Hyatt and Chase reserve the right to deduct the Free Night Award(s) from your Hyatt Gold Passport account.
I think this is a really solid credit card offer, even with the minimum spending component for Gold and new Hyatt Gold Passport members. $1000 in three months is very reasonable for most families, and two free nights is fantastic. Even more fantastic if you can use them in a suite! Since Chase can be a little stingy towards applying for multiple rewards cards, this card isn’t going to be in my wallet in the immediate future, but I do hope to get it one day while I am still a Diamond and can enjoy the free nights in a suite. 🙂
What do you think of the offer and the recent changes?
Thanks to this useful Flyertalk thread for altering us to these changes!