How Much Is The Hyatt Credit Card Welcome Bonus Worth?

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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® CardChase 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.

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Comments

  1. @Lucky I just noticed that KrisFlyer awards on UA are now available online. Must have just happened in the last day or two.

  2. In regards to @Janeway’s post, it’d be helpful to have a post on the relative value/sweet spots of the star alliance award charts (&transfer times) after devaluations from Krisflyer & United and Citi adding Avianca as a transfer partner. Between those three plus Aeroplan & ANA there are a lot of choices for people with transferable currencies but not a simple source to identify the best value.

  3. Got the card right before they changed the bonus from 2 nights to 40,000 points. Used for 2 nights at the Park Hyatt Milan which cost €690 each night on the nights I booked. Thus, getting around $1,700 from the card was well worth in my opinion.

  4. I’m waiting for the 2 free nights anywhere to return. Those are worth much more to me(50,000-60,000) points at the hotels im thinking. Given this is more flexible, but the ability to get two free at the park Hyatt Sydney, PH NY, PH Zurich, PH Beaver Creek, PH st. Kitts etc. is too much to pass up for some flexibility. Love to know if you have any info about this coming back.

  5. Hi Lucky,
    What do you think about IHG card which annual fee is $49 and the annual free reward has no cap that you can use anywhere in the world. I have Hyatt card already and love it but I’m also interested in getting IHG card and want to know what do you think about that card.

    Thank you.
    [email protected]

  6. If you have had this card in the past but cancelled the card can you reapply and get the sign up bonus again?

  7. @Jack – I know you’re waiting for the 2 free night offer to come back. I’ve actually been waiting for Ritz-Carlton’s 140,000 point offer to come back from several years ago. My hunch is we’ve seen the last of the Hyatt 2 free night offer for a long long time.

  8. @ Martha — You can only get approved for the card if you don’t currently have the card, and haven’t received a welcome bonus on the card in the past 24 months. So you could still be eligible if that describes you.

  9. “…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.”

    Anyone who can manage to get a monetary value of only $675 out of 45K WoH points, when, e.g., “just” 30K points would get one a $950/night room at Park Hyatt Paris-Vendôme, isn’t playing the game with a “full deck” and should having it up. Same goes for claims that 100K HH points are worth $400-500, when “just” 95K points would get one a room costing $1000 or more per night.

    Just something to think about to ensure that one is not playing fast & loose with numbers…

  10. Hi – My husband and I just signed up for the card (he did, and added me as an authorized user) and I just put a $2k purchase on my card (again, i’m not the primary account holder). Will this make us qualify for the 40k rewards points, or does the $2k spent in the first 3 months need to be on his card? Any idea?

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