I wrote a post a couple of weeks ago about how to get 5% cash back on US Hyatt stays by using an American Express Small Business OPEN Card. That’s because payment with these cards qualifies for the OPEN Savings program, which earns you 5% cash back in addition to the points you’d usually earn. For example, if you pay for your domestic Hyatt stay with Starwood Preferred Guest® Business Credit Card from American Express (affiliate link) you’d earn 5% cash back plus one Starpoint (which I value at 2.2 cents each) per dollar spent at domestic Hyatts, for a total of 7.2% back.
It seems this may be stackable with another awesome offer. As I also wrote about several weeks ago, Milepoint is selling a premium membership for $49.95, and one of the perks is being able to purchase Hyatt gift cards at 10% off.
You can purchase up to $5,000 in gift cards per Milepoint premium membership, and there’s a $6 cost for shipping regardless of how many gift cards you purchase.
Per a post by Gary, it does seem like Hyatt gift card purchases qualify for the OPEN Savings program.
Let’s crunch the numbers on purchasing $5,000 worth of gift cards. You’d pay a $49.95 fee for the Milepoint premium membership (and that’s assuming you don’t value any of the other benefits) and a $6 fee to have the gift certificates mailed to you, for a total of $5,055.95.
But you’d get $500 cash back (through Milepoint), $225 cash back (5% cash back on $4,500 after the Milepoint discount through OPEN Savings), plus $110 worth of Starpoints (which I value 5,000 Starpoints at). That’s already 16.5% cash back.
On top of that as a Diamond member I earn five Gold Passport points per dollar spent at Hyatt, plus a 30% bonus, for a total of 6.5 Gold Passport points per dollar spent when actually making hotel stays. I value those at 1.6 cents each, so that’s another 10.4% return on Hyatt spend.
So not factoring any promotions, that’s already 27% of “value” back on Hyatt stays. The only major restriction is that gift cards can only be used at Hyatts in the US, Canada, and Caribbean.
As someone that’s considering moving to hotels full time, this offer is extremely tempting.