The Hyatt Credit Card is one of my favorite hotel credit cards, and it’s a card I’ve had for years. I find this to be a card that’s worth holding onto long term, given that it offers an annual free night certificate valid at a Category 1-4 property, Discoverist status for as long as you have the card, and historically gives you access to cardmember only bonuses. I value these benefits at significantly more than the card’s $75 annual fee.
I redeemed my anniversary free night certificate at the Park Hyatt Saigon last year
So this is a card I recommend getting thanks to the long term value it offers, though I also think it’s worth highlighting just how generous the welcome bonus is. Keep in mind that this card isn’t subjected to the 5/24 rule, meaning that you can qualify for the welcome bonus even if you’ve opened five or more new cards in the past 24 months.
The Hyatt Credit Card offers a welcome bonus of 40,000 World of Hyatt bonus points after spending $2,000 within the first three months. On top of that, the card offers a further bonus of 5,000 World of Hyatt points after adding an authorized user and having them make a purchase within the first three months.
So assuming you add an authorized user, you’re looking at a total of 45,000 World of Hyatt points. I value those points at ~1.5 cents each, so to me those points are worth $675. When you subtract the $75 annual fee, your real “reward” from unlocking the welcome bonus is $600 worth of points, which is exceptionally good. I’d argue that’s actually the most generous welcome bonus offered by any hotel credit card at the moment.
Also keep in mind that World of Hyatt is transfer partners with Chase Ultimate Rewards, meaning you can transfer over points earned on cards like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® Card, or Ink Business Preferred℠ Credit Card. That’s great since it means you can easily “right size” your account for the redemption you’re looking for.
How do I come up with the value of 1.5 cents per World of Hyatt point? Ultimately there’s no science to points valuations, and it’s both an absolute and relative exercise. For reference, here’s the World of Hyatt award chart (standard room rewards don’t come with any capacity controls, meaning that as long as a base room is for sale, you can redeem points for it):
At a valuation of 1.5 cents per point I’m suggesting that I could get a minimum of ~$75 of value from a Category 1 free night, a minimum of ~$375 worth of value for a Category 6 free night, etc.
The Park Hyatt Maldives is one of my favorite hotels at which to redeem points
Everyone values free hotel nights differently, but personally I think that’s a conservative valuation, which is usually how I like to approach points. Many will value World of Hyatt points more highly than I do, and I think they’re probably correct for doing so. For example, the Park Hyatt Maldives is a Category 6 property, so getting a free night there for $375 is a steal, given that paid rates can sometimes be more than three times that much.
I’ve long said that the Hyatt Credit Card is one worth getting for the long term benefits, but I think the welcome bonus is exceptional and worth emphasizing as well. Based on my valuation of points, there’s not another hotel credit card with a welcome bonus this generous.