Hyatt has just announced a special promotion for those with The Hyatt Credit Card.
Those with Hyatt’s co-branded credit card can receive a 10% discount on points redemptions for stays through October 31, 2016.
Here’s how you can take advantage of the promotion:
STEP 1: Register for this promotion by entering your information to the right before August 31, 2016.
STEP 2: Book a stay – with points or Points + Cash – and complete your stay by October 31, 2016. Keep in mind, free nights at any Category 1 property start at just 5,000 points.2
STEP 3: Get 10% of your redeemed points back. Your points will be deposited directly into your Hyatt Gold Passport account 6-8 weeks after your completed stay.
The 10% points refund should post to your Hyatt Gold Passport account 6-8 weeks after the completion of your redemption, and there’s no limit to how many points you can be refunded through this promotion. Previously booked reservations still qualify for the promotion, as long as the stay occurs during the promo period, so there’s no need to cancel and rebook.
Last year Hyatt had a promotion where they offered 20% off redemptions for those with Hyatt’s co-branded credit card, so while this isn’t quite as generous, it’s still an awesome promotion.
As a reminder, Hyatt’s normal award redemption rates are as follows:
So if redeeming points, you’d get 10% off the points portion cost of your stay, whether you’re redeeming for a free night or a Points + Cash stay. As a Hyatt Diamond member, my favorite use of points in general is Points + Cash bookings, given that:
- You still earn elite stay & night credits for these stays
- You can apply Hyatt Diamond Suite Upgrade Awards to these bookings
- You still earn points for the cash portion of the stay
- These bookings qualify for any global promotions Hyatt is running
So personally I wouldn’t be totally changing my behavior based on a 10% award discount, since it’s not huge. But at the same time it makes any redemptions you were going to make an even better value.
The Park Hyatt Sydney goes from costing 30,000 points to 27,000 points per night, for example.
Or the Park Hyatt Maldives goes from costing 25,000 points to 22,500 points per night.
Be sure you register for this promotion and redeem your points for stays before October 31, 2016, if you want to take advantage of this promotion. I wouldn’t change my behavior too much as a result of it. In other words, this wouldn’t cause me to redeem points for dining or spa awards, which otherwise represent a bad value. But if you’re going to make an award booking anyway, you might as well take advantage of this promotion.