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I’m a big fan of The Hyatt Credit Card. It has an annual fee of just $75, and offers all kinds of great perks, including an anniversary free night certificate valid at a Category 1-4 property, Discoverist status for as long as you have the card, a sign-up bonus of 40,000 World of Hyatt points after spending $2,000 within three months, and a further 5,000 points if you add an authorized user and they make a purchase in that same period.
One other great reason to get The Hyatt Credit Card is that they frequently have cardmember promotions. Sometimes these promotions include additional ways to earn or redeem World of Hyatt points, while other times they just have general bonuses for retail purchases. The latest such promotion has just been announced, and is publicly available.
Those with The Hyatt Credit Card can receive a $30 statement credit when they cumulatively spend $300 on purchases at grocery stores and/or drug stores in the US between February 1 and February 28, 2018. Cardmembers must register for the promotion and then spend the $300 in order to receive the credit. The statement credit should post within six to eight weeks of completing the eligible spend. Any combination of eligible spend over the period would qualify, and if you end up short of qualifying, you can always buy a gift card to your favorite grocery store or drug store.
If you have the card, then taking advantage of this promotion is a no brainer, in my opinion. Getting a $30 statement credit on $300 of spend is the equivalent of 10% back. On top of that you earn one World of Hyatt point per dollar spent. I value those points at ~1.5 cents each, so to me that means this is the equivalent of an ~11.5% return on $300 worth of eligible spend.
Otherwise the best card for grocery store spend is the Amex EveryDay Preferred, which offers up to 4.5x points. I value those points at ~1.7 cents each, so to me that’s a return of 7.65%. This is much better.
Do you plan on taking advantage of this bonus on The Hyatt Credit Card for grocery store and drug store spend?