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Usually the best way to earn miles and points is by doing so via credit card sign-up bonuses or leveraging everyday tasks like shopping, eating, etc. to earn miles without spending anything extra in order to do so. However, sometimes that isn’t always enough for the trip you want, and you can occasionally come out ahead by buying miles and points.
The big caveat to this is that I very rarely recommend speculatively buying points as they usually only become less valuable over time, and you can easily just be wasting money by purchasing points when you don’t have a defined need.
Keeping that in mind, there are two opportunities to buy hotel points at a discount that I want to mention. The first is a deal for Hyatt points that is ending soon and the second is a deal for Hilton HHonors points that just launched today.
Hyatt Hotels – Earn 40% bonus when you purchase 10,000+ points. Offer available until May 31st.
This offer runs through May 31st and awards a 40% bonus when you purchase 10,000 Hyatt Gold Passport points or more. You can purchase Hyatt Gold Passport points in increments of 1,000, up to 55,000 points per calendar year. Assuming you are purchasing 10,000 points per more, that comes to a price of around 1.71 cents per point. I typically redeem my Hyatt points for at least 2 cents per point, and often more than that, so this could be a good deal depending on how you want to use them.
For example, it takes 5,000 points to stay one night at a Category 1 Hyatt property like the Hyatt Regency Wichita. Rates at this property can easily come to $125 a night when you factor in taxes. However, at 1.71 cents per point, 5,000 points would just cost you $85, resulting in a savings of around $40 in that scenario. Of course, you then wouldn’t be earning points or elite status credit on the stay, but that may or may not matter much to your overall strategy.
On the other end of the spectrum, nights at some Category 7 properties such as the Park Hyatt Paris Vendome or Park Hyatt Maldives or Park Hyatt Zurich can literally run $1,000 USD per night on some nights. Now, you may never ever, ever consider spending $1,000 a night to stay anywhere (I wouldn’t), but that is the actual price of some of those spots. However, at 1.71 cents per point you could purchase the 30,000 points required to stay at one of those properties for $513. That still isn’t cheap at all, but does highlight the use of points at that rate on the high end of the spectrum.
Factor in the current 20% points rebate for Hyatt Visa cardholders who registered by March 31st and this could potentially be an even better overall deal as it would eventually bring your out-of-pocket points cost for top category properties down to 24,000 points which costs around $410 at 1.71 cents each.
All that said, for the most part, I think this sale is useful for “topping off to an award threshold” if you don’t quite have all the points you need to book the stays you want.
100% Bonus on Hilton HHonors Points. Offer available until June 17th.
Hilton HHonors points aren’t exactly the belle of the miles and points ball, but that doesn’t mean they can’t be very useful for certain trips – especially for the type of trips that families tend to take. Via this offer that runs through June 17th you can get 100% bonus on your purchased HHonors points. That brings the per point price down to 1/2 a cent each.
Hilton HHonors award nights start at just 5,000 points per night, which at this price would be $25/night for a Cateogry 1 hotel room. The Hilton HHonors award chart goes up to Category 10 properties which range from 70,000 – 95,000 points per night depending on the season. At 1/2 a cent per point that would mean a top tier Hilton property could be had for as low as $350 worth of points during the low season. Some examples of Category 10 properties include Grand Wailea, A Waldorf Astoria Resort and the Conrad Maldives Rangali Island, both of which can cost much more than $350/night. Keep in mind that if you have elite status with Hilton (which you can easily get with a credit card), then you can book five nights for the points price of four. This could mean that a property like the Hilton Orlando could be had for five nights for just 120,000 total points – or $600 at 1/2 a cent per point. You can certainly do better than that some nights of the year via cash, but during pricier times that may be a decent option.
Just like with the Hyatt offer, for most of us this deal is best suited if you just need to add a few HHonors points to your balance before booking the award trip you desire. There are so many credit cards that earn Hilton HHonors points that you probably can come up with a better strategy for getting large numbers of HHonors points than this deal, but you may not come up with any quicker strategy. You can purchase up to 80,000 HHonors points, for a total of 160,000 including the 100% bonus.
Thanks to One Mile at a Time for sharing news of the Hilton points sale.
Are you taking advantage of either purchased points opportunity?