For the past few weeks, Hyatt has been 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. If you’ve been considering this offer, note that it expires on Tuesday, August 21, 2018, so this is your last chance to take advantage of the promo.
Buy Hyatt points with up to a 40% bonus
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.
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.
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. On the other hand, if you want to acquire Hyatt points with less of an out of pocket cost, there are many options:
Buying Hyatt points with a bonus can represent an excellent value. If you’ve been holding off on taking advantage of this promotion, this is your last chance to buy points with the current bonus. Assuming you’re targeted for a 40% bonus, 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 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.