Hyatt Is Offering A Mystery Bonus On Purchased Points

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Through August 21, 2018, World of Hyatt is offering a mystery bonus on purchased points. You need to log into your World of Hyatt account here to see what kind of an offer you’re eligible for.

Buy Hyatt points with up to a 40% bonus

As far as I can tell, the best bonus seems to be for 40% off when purchasing at least 5,000 points in one transaction.

If you’re targeted for this offer you can purchase a maximum of 77,000 World of Hyatt points at a cost of $1,320, which is a rate of ~1.71 cents per World of Hyatt point.

Hyatt offers a bonus on purchased points several times per year, and when they do, we typically see bonuses in the range of 30-40%. So if you are targeted for a 40% bonus, that’s as good as it gets.

Stack this with Hyatt’s 10% off promotion

If you have The World of Hyatt Credit Card, you can receive 10% off points redemptions for stays between August 1 and September 30, 2018, regardless of when you redeem. That’s potentially pretty exciting, since it means you could buy points, redeem them for a stay in the coming months, and then get 10% of them refunded.

Is buying Hyatt points with a 40% bonus a good deal?

I value World of Hyatt points at ~1.5 cents each, though they can definitely be redeemed for a lot more than that. I just think that’s a fair number.

At the rate of ~1.71 cents per point, you can purchase enough points for a free night at a Category 7 property for ~$515, or a Category 6 property for ~$430, while paid rates at those hotels are often $1,000+ per night.

For example, the Park Hyatt Maldives is a Category 6 property (normally costing 25,000 points per night), and cash rates are often $1,200+ per night.

There’s even a lot of value on the other end of the spectrum. For example, the Hyatt Regency Kathmandu is a Category 1 property (normally retailing for 5,000 points per night), and paid rates are often $180+ per night including the 25% tax and service charge, which you don’t have to pay on an award booking. Meanwhile if buying points you’d pay just ~$80 per night.

You can potentially get even more value out of your points by using Hyatt Points + Cash redemptions.

Hyatt-Cash-Points1

None of that math even factors in the potential 10% refund in redeemed points.

Other ways to earn World of Hyatt points

There are lots of circumstances under which it could make sense to buy World of Hyatt points. If you want to acquire Hyatt points with less of an out of pocket cost, I’d recommend applying for The World of Hyatt Credit Card, which is offering a welcome bonus of 40,000 World of Hyatt bonus points after spending $3,000 within the first three months, plus another 20,000 bonus points after spending a total of $6,000 within the first six months

World of Hyatt is transfer partners with Chase Ultimate Rewards, so you can transfer over points earned on cards like the Chase Sapphire Preferred® CardChase Sapphire Reserve® Card, and Ink Business Preferred℠ Credit Card. That would be my preferred way to acquire World of Hyatt points.

Bottom line

As is always the case, you should crunch the numbers and see if this promotion works for you. This offer is as good as bonuses on the purchase of World of Hyatt points get. At the moment it’s potentially even more rewarding than usual, given that you can get a 10% refund if you redeem points for a stay in the next couple of months.

Just remember that there are also other ways to earn World of Hyatt points, like with The World of Hyatt Credit Card, or by transferring over Chase Ultimate Rewards points. However, not everyone has access to US credit cards, and/or has the ability to earn points that way.

What kind of a mystery bonus were you targeted for with Hyatt’s buy points promotion?

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Comments

  1. Lucky,

    You post a lot about buying miles and points… When dealing with a stack of miles you buy instead of earn through “natural activity,” do you have a higher threshold for redeeming them? For example, if I earn 50,000 Hyatt points entirely through paid business trip stays (no co-branded credit card spend or sign up bonuses, no personal money spent, just stays), I will feel differently about them if I bought through promotions like these.

    I purchased a stack of AA miles through the most recent promotions, and I feel more “stressed” about maximizing them than actual earned miles.

  2. I have the new World of Hyatt credit card, and got the 40%. Any other data points from those with the cc?

  3. No intention of buying, but my offer was 30%. Here are relevant stats: Globalist (x5 years), Have CC, 60+ stays this year, No points redeemed this year (so far), >500k points banked, have not previously purchased points.

  4. Lucky,

    I have the old card, my offer was 30%.

    On a related subject, I want to get the new card with the 40k/60k points. Since I have the old card, I recognize that I need to cancel it prior to applying for the new card. I earned the Hyatt bonus on the old card back in September of 2015 (almost 3 years ago), so the 24-month rule should not prevent me from getting the bonus again.

    My questions are: How long must I not be a Hyatt card holder before I apply for the new card with the expectation of getting the 40k/60k points? That is, how long after I cancel the old card should I wait before I apply again?

    Also, I have Explorist Status currently, a points balance in excess of 50k, and have 3 Club Access Awards in my account, and a 4th Club Access Award already redeemed for an upcoming cash-stay in January 2019. Will ANY of my current points, or Club Access Awards, be at risk by cancelling the old card, waiting to apply for the new card, and then hopefully be approved for it?

    Thanks.

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