One of the Hyatt enhancements that kicked in a day after the award chart devalued earlier this week was a new “My Elite Rate” that offers 20% off the daily rate of a standard room, subject to availability through 2014. It is available to those with elite status with Hyatt (and all it takes is the co-branded Hyatt credit card to get Platinum status). It is a capacity controlled rate, and many people already had access to AAA, AARP, or other discount codes, so it didn’t seem overly exciting at the time it was announced. However, I have been repricing reservations for the last 24 hours and have saved some real money thanks to this rate.
So far, the “My Elite Rate” seems to be pretty widely available, though certainly not every property on every date. In most cases it has been the cheapest rate available (unless you have a corporate code), but I have ran across at least once instance when it was not the cheapest publicly available rate, so make sure to do price comparisons.
How to Book the Hyatt My Elite 20% Off Rate:
- To book the discounted rate, you either need to be logged into your Hyatt.com account so that it recognizes you are an elite Gold Passport member, or at least be on a computer where it recognizes you without being logged in. Of course, you can request it over the phone as well.
- You must not have any other discount (such as AAA) selected when searching for “My Elite” rates or they currently won’t display. That is pretty annoying for comparison reasons, and I don’t know if it is a bug or not, but it is the case for now. I have also read reports of it not working on the Hyatt app (though I have not tried it myself).
- Some rate rules associated with the My Elite Rate are: You must provide valid Hyatt Gold Passport Membership at time of booking. Valid tiered member must be the registered guest staying at the hotel. Rate valid for Platinum and Diamond members, is non-transferable and is for one room.
- To reprice an existing reservation online, go into the reservation and select “Modify” toward the bottom of the screen. You will then see the details of the reservation and can select “Edit” >>”Selected Rate and Room”. You can then search for a room as you normally would and modify your reservation if you find the “My Elite Rate”. Keep in mind you need to have AAA and other codes deleted to have the “My Elite Rate” pop up.
The “My Elite Rate” is pretty good all on it’s own, but If you want to take the time to go through a few extra steps you can save even more. Much of this is not new information, but it is a good reminder while we are on the subject of saving money on Hyatt stays.
How to Save Even More on Hyatt Stays:
- To save even more go through ebates.com or topcashback.com (my links) to get 2-3% of your room amount in the form of cash back via those sites.
- Pay for your US Hyatt stays with a card such as the Starwood Preferred Guest® Business Amex to get a 5% statement credit at participating Hyatt, Hyatt Regency, Andaz, Grand Hyatt, and Park Hyatt locations via the Amex Small Business OPEN program.
- If you have MilePoint Premium Membership (now sold out), you can also get 10% off Hyatt Gift Cards.
Example of Savings:
Just to put some numbers to this, say that you want to book the Hyatt Regency San Francisco Airport on a night that is selling for $150 via the Daily Rate. For simple math, let’s pretend that is an all-in price. If all the stars align as they should, you should be able to book the hotel for $120, which is 20% off via the My Elite Rate (if available). Additionally, you should get $4.50 in cash back if you book via Top Cash Back at 3% and you should get a $6 statement credit on your SPG Business Amex if you pay with that card. That means by stacking these promos (not counting the Milepoint 10% gift card promotion), you should only be paying about $109.50 by stacking those opportunities when the Daily Rate is $150 at that hotel. That is a savings that can really add up over the course of a year.
Have you been re-pricing some of your existing Hyatt reservations with the “My Elite Rate”? If so, what has your experience been so far with that new rate?
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