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Yesterday Hyatt let me know that they have a brand new Hyatt Credit Card offer available on Hyatt.com for World of Hyatt members who are making a reservation. At first, I got excited that maybe we would see a return of the old offer that awarded two bonus nights, or perhaps a higher number of points than usual. Unfortunately, this new offer is not exactly what I hoped for, though perhaps it will work out better for some.
The new Hyatt Credit Card offer you may find while making reservations at Hyatt.com awards 30,000 bonus Hyatt points after you spend $2,000 on purchases in the first three months + a $150 statement credit after your first purchase.
The current ‘normal’ offer for the Hyatt Credit Card is for 40,000 bonus points after you spend $2,000 in the first three months + you can get 5,000 bonus points for adding an authorized user who makes a purchase with their card in the same three-month timeframe. It is possible the ‘new’ offer with the $150 statement credit also awards 5,000 bonus points to an authorized user. I couldn’t actually get the new offer to display for me on Hyatt.com, perhaps because I already have a Hyatt credit card. Be aware that both offers have a $75 annual fee.
At face value, with this new offer, you would be getting 10,000 fewer initial Hyatt bonus points after hitting the spending requirement, but picking up a $150 statement credit in the process. I value Hyatt points at a bit over 1.5 cents each, so this new offer is not a better choice for me, but obviously, you have to use your own math to determine which is best for your situation.
Overall, I am not at all a fan of what seems to be a growing trend of co-branded cards offering statement credits instead of just adding more points to the bonus. To give another example of this trend, the SPG Amex credit cards are currently not awarding any welcome bonus points and have gone to issuing just a statement credit, although I have been told that is a temporary situation for those cards.
If you happen to prefer statement credits, then be on the lookout at Hyatt.com for this new Hyatt Credit Card offer. Remember that the terms for the Hyatt card indicate that the product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months
What do you think about this new version of the Hyatt offer specifically, and the larger trend of co-branded cards dabbling in awarding fewer points but higher statement credits?
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.