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