Yesterday I wrote a post about The World of Hyatt Credit Card, and in particular about some of the great perks you receive for having the card. In the comments section there were quite a few questions regarding which benefits are issued on a calendar year basis, and which benefits are issued on an anniversary year basis.
This can be pretty confusing, so I wanted to use this post to clarify that.
Calendar year vs. anniversary year
First let me make a general distinction between calendar years and anniversary years, as it pertains to credit cards.
Credit card issuers will offer some benefits every calendar year, while they’ll offer other benefits every anniversary year. If you were to open a credit card on October 1, 2018:
- Benefits issued each calendar year would be awarded once between October 1 and December 31, 2018, and once again starting January 1, 2018, and so on
- Benefits issued each anniversary year would be issued once between October 1, 2018, and October 1, 2019, and then again the subsequent year, and so on
But different card issuers even define calendar years differently. Some use a strict calendar year (January 1 through December 31), while others award benefits based on your statement closing date in December.
Understanding World of Hyatt Credit Card benefit “years”
The World of Hyatt Credit Card offers the following benefits that are either tied to spend, or tied to the “year:”
- Five elite qualifying nights annually
- Two elite qualifying nights for every $5,000 spent
- A Category 1-4 free night certificate annually
- An additional Category 1-4 free night certificate when you spend $15,000 annually
Five elite qualifying nights every calendar year
The World of Hyatt Credit Card offers five elite qualifying nights towards status every calendar year. That means if you got the card now you’d get those five elite nights for 2018, and then you’d get another five elite nights for 2019, and every subsequent year you have the card.
The terms state that these credits will post within eight weeks of opening the card, and then within eight weeks of January 1 in every subsequent year. However, reports suggest that these actually post much more quickly, often within days.
Two elite qualifying nights for every $5,000 spent
This is probably the one that’s most confusing to people. The World of Hyatt Credit Card offers two additional elite qualifying nights for every $5,000 spent on the card. This benefit isn’t in any way tied to the cardmember or calendar year.
That’s to say that your spend keeps rolling over towards that $5,000 requirement, regardless of your anniversary year or the calendar year.
In other words, if you were at $4,900 of spend in December 2018, and then spent $100 in January 2019, then you’d get those two elite nights in January, once your statement closes. It seems like these credits post within a few days of the statement closing date where you complete the spend, and then the elite nights are backdated to your statement closing date.
That suggests to me that if you complete $5,000 of spend on a statement that closes before December 31, 2018, then the elite nights would count towards 2018 status (which is determined based on a strict calendar year interpretation). Conversely, if most of your spend was in 2018 but the statement closes in 2019, then it should count towards your 2019 qualification year.
A Category 1-4 free night certificate every anniversary year
One of the benefits that makes The World of Hyatt Credit Card most worthwhile is that it offers a Category 1-4 free night certificate on your account anniversary every year.
The terms state that it can take up to 10 weeks after your account anniversary for the free night to post, though in my experience it posts only shortly after your anniversary statement closes. The certificate will be valid for a year from when it’s issued.
A second Category 1-4 free night certificate when you spend $15,000 in an anniversary year
One of the great incentives for spending money on The World of Hyatt Credit Card is that you get a second Category 1-4 free night certificate if you spend at least $15,000 on the card in an anniversary year.
So if you opened the card on October 1, 2018, this would be based on having spent $15,000 on the 12 billing statements between October 1, 2018, and October 1, 2019.
You don’t have to wait until your account anniversary to get this certificate, but rather it should post to your account within 2-3 weeks of the statement where you complete the spend closing. The certificate will then be valid for a year from when it’s issued.
Hopefully this answers any questions you guys may have when it comes to the anniversary year vs. calendar year on The World of Hyatt Credit Card. Though if I missed anything, please let me know!