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There are many approaches that can be taken to fly in premium class on planes and stay in fancy hotels. One such approach is simply buying points of the loyalty program of the airline or hotel.
Well, World of Hyatt has just announced a new promotion for buying points. World of Hyatt members can purchase points with a 40% bonus through October 18th, 2019. To receive the 40% bonus, you have to buy 10,000 or more Hyatt points.
IS BUYING POINTS A GOOD DEAL?
With a simple google search, you will find a jillion “travel bloggers” telling you that Hyatt points are, generally, worth 1.7 cents per point. And while that does offer a good guideline to understanding what your points are truly “worth” (I’ll write a blog about this soon), I offer a simple example.
Every Hyatt Hotel is categorized by level. A Category 1 hotel are your lower end hotels (e.g. Hyatt Place, Hyatt House, etc.) and a Category 7 hotel are your premium hotels.
Note: At the moment, Category 7 is the highest level you can book.
EXAMPLE… EXAMPLE… EXAMPLE…
Let’s say that you are going to splurge and ball out for a dream vacation. You decide that you are going straight to the top and staying at the Park Hyatt Sydney (Category 7) in Sydney, Australia…
Looks pretty good to me! So how much does this cost?
Again, it’s a category 7 hotel, which costs 30,000 points per night…
Referencing the table at the beginning of the article, you could could buy the 30k points for $528. In other words, $980 or $528 for the same room? I’ll take the 46% discount by buying points!
HOW DO I BUY POINTS?
Hyatt makes it simple to buy points. Again, you have to be a Hyatt member to purchase points. If you’re not a member, CLICK HERE and sign up. It will take 2 minutes to complete. If you are a member, follow these steps:
- Direct link to BUY HYATT POINTS
- Enter your Hyatt membership number, name, and email address
- Select the number of points you want to purchase
- Enter your credit card information and billing address
- Check the box to agree to the ‘Terms and Conditions’
- Click “Purchase Bonus Points”
$528 is still NOT a drop in the bucket, but it shows you the possible value that could be obtained by buying points. Perhaps, you’re just interested in a simple stay-cation at Category 1. Compare the values of booking directly vs buying points.
The World of Hyatt Credit Card is also another alternative to obtain even more Hyatt Points. The card has a $95 annual fee that isn’t waived for the first year but you can add additional cardmembers to your account at no extra cost.
This annual fee is well worth it even if you don’t spend money on the card, since you get an anniversary free night certificate.
There’s value to be had at all levels of the chart but as a general rule of thumb, I try to redeem at properties where I’m getting more than two cents of value per point.
In other words, I’d redeem points at a Category 1 hotel when the paid rate is $100+, I’d redeem points at a Category 7 hotel when the paid rate is $600+, etc.
Hyatt has been adding a lot of AMAZING HOTELS throughout the world and a simple search of the hotels in Bali and Tokyo will have you drooling.
Do you plan to take advantage of this Hyatt promotion?