You Want to Apply for the Hyatt Card By Next Week!

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One of my favorite credit card sign-up bonuses comes via the Hyatt Credit Card as it awards two award nights to use at virtually any Hyatt property around the world after you spend $2,000 on the card in the first three months. This means you can use those nights to stay at properties that would otherwise cost 30,000 Hyatt points per night such as the slope-side Park Hyatt Beaver Creek, the elegant Park Hyatt Paris Vendome, the Park Hyatt New York City, the not-yet-open Park Hyatt St. Kitts, or even the Hyatt Ka’anapali Beach in Maui. These properties can very easily cost more than $500+ per night, so it is simple to get more than $1,000 in retail value out of this one sign-up bonus.

Hyatt Ka’anapali Beach

When I got my Hyatt Card a few years ago, we used our nights at the all-inclusive Hyatt Ziva Cancun with our two children. This property is 25,000 points per night for double occupancy, but there is usually an added points cost per person. However, there wasn’t with the credit card sign-up bonus award nights that we used up to the maximum occupancy of the room. Note that the terms on these award nights stated a maximum of double occupancy at the all-inclusive properties for a while, but I don’t see that term at the moment. 

Hyatt Ziva Cancun

The bad news is this two award nights sign-up bonus offering is ending. I got word from Chase that effective June 29, 2017, all new Hyatt Credit Cardmembers will begin earning 40,000 points as a sign-up bonus after spending $2,000 in the first three months.

That isn’t a bad sign-up bonus, but isn’t nearly as good for most of us as two award nights to use at any Hyatt. It is only better if you weren’t going to use the award night within the first year of earning them, or if you were going to use them at a Category 4 property or lower that goes for 15,000 points per night or less like the Andaz Papagayo in Costa Rica.

Andaz Papagayo Pool

In other words, if you don’t currently have the Hyatt Card and haven’t gotten the sign-up bonus in the last 24 months, you probably want to get it by June 29th. Otherwise, yourr your sign-up bonus won’t be nearly as fun at just 40,000 Hyatt points instead of two award nights.

Park Hyatt Beaver Creek

It is also worth a mention that the card does have a $75 annual fee and awards Discoverist elite status that can match to M life Pearl status which nets you free self-parking at the M life resorts in Las Vegas. The Hyatt Credit Card is reportedly not subject to Chase 5/24 rules, meaning that you can potentially still get it even if you have five or more new credit accounts in the last 24 months.

Are you planning to apply for this card before June 29, 2017?

 

You can learn more about available card offers here. 

Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.

Comments

  1. On the whole, I actually like the change. But, I don’t place any extra value on a Category 6 hotel over a Category 4 hotel. It was far better if you planned to use the free nights in New York. Or London. Or Sydney. Or a specific redemption like the Maldives.

    But, if you are more flexible about destination and category you have gone from 2 free nights anywhere to as many as 5 free nights if you redeem at lowest tier properties. Maybe the “value” you can calculate based on nightly rates is lower. But, you weren’t going to spend that much on a night at a hotel anyway. It’s more practical.

  2. On the whole, I actually like the change. But, I don’t place any extra value on a Category 6 hotel over a Category 4 hotel. It was far better if you planned to use the free nights in New York. Or London. Or Sydney. Or a specific redemption like the Maldives.

    But, if you are more flexible about destination and category you have gone from 2 free nights anywhere to as many as 5 free nights if you redeem at lowest tier properties. Maybe the “value” you can calculate based on nightly rates is lower. But, you weren’t going to spend that much on a night at a hotel anyway. It’s more practical and more flexible, even if not quite as “rewarding” at the high end.

  3. 40k seems below par, I have a hunch there will be a higher bonus later this year, maybe even 60k which would be just a good as two free nights.

    • 60k would be BETTER than two free nights since they don’t expire AND they are more flexible. For example, with points you can use them at lower category properties, use them for upgrades, use them for Cash and Points awards, etc.

      I would even argue that for most people, 40k points will end up being more useful than two free nights as they don’t really look to maximize their rewards. My parents are a good example, as they used them on a category 4 hotel because they were necessary nights that for sure needed to happen.

      In my own personal case, I used them at a Hyatt Zilara because they were expiring within a week and I was on the gun to use them.

  4. I think that 40K is better then two free nights as it gives a longer use period, can be given away and it can be used with Points & Cash awards to stretch out even longer. I think this is a positive change.

  5. Are you saying that if you haven’t gotten the sign up bonus in the last 24 months you could get it AGAIN?
    Is this card under 5/24?

  6. No mommy many of us Don’t want to apply it soon and actually eagerly anticipating the change. given how hard it is to find top-tier Hyatts it’s much more valuable for a typical traveler to be able to break it up and work more nights in a lower and hotel which is still plenty nice. I will personally be getting way more value out of this.

  7. To all you that are happy with the points that is totally a valid point IF the sign up bonus was 60,000 points which is equivalent to 2 nights at the category 7 hotel. Again, happy many like the points but this is clearly a devaluation since if you wanted to use the flexibility of points for 2 category 7 nights the new sign up bonus is not enough. Hyatt keeps going downhill.

  8. I’m thrilled many of you like the idea of 40k points and will keep that in mind. They have been testing this offer for a while so hopefully they learned this is an offer people really want. It is a very valid point that not everyone wants to stay at Cat 7s, though lots of Cat 6 properties are very family friendly and/or in great locations and they are also now harder to attain with this bonus. It’s changing whether we like it or not so I truly am glad this isn’t seen as an across the board negative.

  9. This is bad news for families wanting to visit Ziva properties. Spouses who each open a card with 2 free nights could end up with 4 free all-inclusive nights. 80k points is only enough for 1 night at Ziva Cancun for a family of 4 (50k per night).

  10. Hi All, Do you know how quickly you can reapply for the Hyatt card after canceling it. I got the card three years ago and just canceled it today. Could I get it in time for the 2 free nights?

    • I’d like to know the answer to this. My wife and I both have the card, and have had it for 3+ years. Thinking of cancelling and doing a quick turn-around to get 4 free nights next year. If anyone knows, let me know!

  11. Wife and I both got this [Hyatt Visa] card in 2016, and used the free night certificates to enjoy 4 nights at the Park Hyatt Sydney, which is a fantastic hotel in a fabulous location on the waterfront. It would have been impossible for us to stay at this Category 7 property without the free night certificates, as the cash rate is almost $1,000 per night and the points rate is 30,000 points per night (i.e. 120,000 points for 4 nights).

    A 2 x 40,000 points signup bonus would have netted us less than 3 nights at the Park Hyatt Sydney, although I can certainly see how for non-aspirational properties, 40K points is a more useful signup bonus. Depends on your travel goals and preferences, obviously.

  12. Not to say Hyatt will repeat last year’s offerings, but 40k points and 2 free nights were each separately offered in 2016. Might be a way for Hyatt to appeal to both types of consumer preferences before returning to 2 free nights later in the year? FYI – Hyatt also vacilated on sign-up statement credits in previous years.

    • Pam, you are 100% right that they did both last year, but in hindsight I think that was a test that led them to where we are now. Chase has said that all offers will be for points only beginning next week. Of course, anything can change in the future, but I would not count on dual offers personally (sadly).

  13. Can you get this card now and get the free nights, than close it and in 24 months open another one and get the points?

    • Under the current terms….theoretically. Just don’t close the first one down too soon. I’d personally hold it a year at least.

  14. My husband applied today. We have been planning to take a trip to Paris next year for my 40th birthday and I want to redeem the bonus for the Park Hyatt Paris-Vendome. The two free nights has more value in our situation then the 40K points. Thanks for notifying us of the change early enough to apply.

  15. Does Hyatt not count towards 5/24 if you haven’t reached 5/24 yet? Or, is it just that you can still get the Hyatt card after you’ve reached 5/24? I hope my question makes sense. I’m having trouble phrasing it correctly.

    • The second version of what you said. 😉 Many reports that it is still possible to get this card if you are over 5/24, but it will count towards 5/24 if you are eyeing other Chase cards in the future.

  16. We had one set we used at the Hyatt in Arizona when staying at another hotel (for the pool only because we needed more space with a baby and 3 yo). But since then we’ve used 2 nights at the Grand Hyatt Kauai and 2 nights at the Park Hyatt NYC. Both amazing deals. I’m contemplating grabbing again. I’m actually more upset by the loss of the Fairmont card – it included two free Fairmont nights with no annual fee plus upgraded Fairmont status, which included one third night free certificate, one room Upgrade and one suite upgrade. The suite upgrade was awesome for traveling with kids.

  17. Quick question Summer…what do you think is the better value: $50 statement credit or 5K authorized user bonus. The public links get you the 5K bonus, whereas a dummy booking will get you the $50 credit. Obviously, we could do a straight CPP valuation, but I do wonder if your thoughts change based on hassle of doing authorized user dance. Thanks!

    • So I’m no longer an AU fan for most people. If you only have one or two cards and you want your partner to be on there and/or the perks of adding them are great then go for it. Otherwise, especially with 5/24, I think AUs are a PITA and I personally don’t do them anymore in most situations. On the other hand, I think 5,000 Hyatt points are worth more than $50 for sure.

      • I didn’t think about 5/24 for the AU. Ugh. He’s got more hits than I do so something to think about especially as we look to building UR points leading up to the honeymoon with new Chase apps. Now if I could only find a Hyatt Visa offer that offers both 😉

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