I just applied for the brand new World of Hyatt Business Credit Card, and was pleasantly surprised by the results.
My Hyatt Business Card application
Several days ago Chase and Hyatt launched the new World of Hyatt Business Card, and I decided to apply:
- The card is offering a bonus of 60,000 World of Hyatt points after spending $5,000 within three months (I value World of Hyatt points at 1.5 cents each, so to me, that bonus is worth $900)
- You’re eligible for this card (including the bonus) even if you already have the World of Hyatt Credit Card (review), which is the personal version of the card
- While Chase business cards are subjected to the 5/24 rule (meaning you won’t be approved if five or more new cards show up on your personal credit report in the past 24 months), opening a Chase business card doesn’t count as a further card towards that limit (because the account being opened won’t show on your personal credit report in that way)
I decided to put in my application. To be honest, I wasn’t expecting to get an instant approval, since I don’t think I’ve ever gotten an instant approval on a Chase business card (though I always got approved in the end).
Well, imagine my surprise when I applied and was instantly approved, with a huge credit limit to boot!
How cool! It’s possible I just got lucky, though personally I think it could be that this card is a bit easier to be approved for than Chase’s Ink cards. Why? Co-brand agreements generally come with different standards in terms of the clients they target, and historically some Chase cards have been easier to get approved for than others.
So I’ll wait for more data points, though personally I think the Hyatt Business Card might be easier to get approved for than Chase’s excellent trio of Ink cards, which include the Ink Business Preferred® Credit Card (review), Ink Business Cash® Credit Card (review), and Ink Business Unlimited® Credit Card (review).
My strategy with the Hyatt Business Card
The World of Hyatt Business Card isn’t the same no-brainer that the personal version of the card is. There’s no annual free night certificate, and no elite nights towards status just for having the card. I’m still deciding how this card will fit into my card portfolio long term. Here’s my strategy for now:
- For the time being, I’m going to start spending on the card to earn the welcome bonus, which is definitely worth it
- The primary benefit of this card is that you can earn elite nights at a fast pace with spending, but I’m at nearly 220 elite nights with World of Hyatt for 2021, so there’s zero incremental value to me spending more on the card, since I’ve already earned all World of Hyatt Milestone Rewards
- In early 2022 I’m going to decide what exactly I’ll do with this card, based on my travel plans for the year, and what World of Hyatt does with elite requirements; if I need elite nights through credit card spending, then the Hyatt Business Card may get some of my spending
- I wouldn’t be surprised if we see some offers and promotions targeted specifically at the Hyatt Business Card, which could more than justify the annual fee
- While the card has a $199 annual fee, it offers $100 in Hyatt credits annually, so by my math this card is really costing me under $100 per year, which isn’t a huge amount to spend to essentially “try out” a card with a big bonus
You can read a full review of the Hyatt Business Card here.
The World of Hyatt Business Credit Card offers a nice bonus of 60,000 World of Hyatt points. While the card isn’t quite the slam dunk in terms of value that I was hoping for, I’m certainly happy to give it a try — the bonus is excellent, and the card could prove useful for earning elite status in the long run.
I was surprised to be instantly approved for this card, since I don’t think I’ve ever received instant approval on a Chase business card before. That makes me think (pending more data points) that this card might be easier to get approved for than Chase’s Ink business cards. I’m curious if other readers have a similar experience.
If you’ve applied for the World of Hyatt Business Card, did you similarly have luck with an instant approval?
I applied the Hyatt business card on Oct 2 and approved on Oct 19. Then Chase and Hyatt tell me that I am not eligible for the offer because the card were not approved before Oct 6. Is it true or not ?
I didn't get an instant approval but did notice the card in my account a few hours later. It's my 3rd Chase Business card and I've never gotten an instant approval either. I spend over $250K a year on their cards and can't even get an instant approval haha.
How much would you value status? I assume you're not earning many points with your spend outside of Hyatt spend. So that's potentially Chase or Amex points you're giving up to get those elite nights. Or are you just spending at Hyatt properties?
I'm chase private client and have CSP, freedom, all ink cards and united business + currently 4/24 and got an instant deny on the hyatt busi - kind of surprised...any advice guys on reconsideration line w/chase? Income is over 500k...I feel like Chase customer service/wait times have been super shitty recently, but may just be my experience
for an online small business, you sure have a lot of expenses. i didnt realize this so im actually quite shocked.
220 elite nights?!?!?!!?!??!!? dayummmmmmmmmmmm
Almost the same as Brodie. Credit wise. But always the same answer. I got to recognize they end up approving me.
But never instantly.
Right behind you after my AMEX Green falls off end of month!
With the reduced requirements, I’ve enjoyed Globalist status more this year than expected. I’ll definitely use this card to rack up elite nights quicker since no way will I reach Globalist again without lotsa spend.
Thank you for your thorough & fair review of this card to help me decide.
Thanks for the info!
My application came back "we need to review your request a little longer.' 800 credit score, high wage earner, low credit utilization. I have been flat out declined for Ink cards on two previous request. Let's see what happens.