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Chase Ultimate Rewards points are one of the most valuable transferable points currencies on the market, but (and that’s a big BUT) only if you know the best ways to use them.
If you’re just getting started with mile and points, I hope you took my advice and started with an Ultimate Rewards credit card. With valuable cards like the Chase Sapphire Reserve, Chase Sapphire Preferred, and Ink Business Preferred Credit Card, many readers are more likely to have Chase points than any other transferable currency.
While redeeming Chase points directly for travel through the Ultimate Rewards Travel Portal yield decent value, you can get INCREDIBLE value by transferring to Hyatt hotels.
Today we’ll take a look at an amazing hotel redemption sweet spot.
CRAZY EXPENSIVE (aka The Best) HYATT HOTELS
Chase has many travel partners but they have a particularly close relationship with Hyatt and that is great news for anyone collecting Chase points.
Compared to its competitors, the World of Hyatt award chart is incredibly cheap. Given that Chase points transfer at a 1:1 ratio, it’s easy to book Hyatt’s top-tier properties at very cheap rates.
While Hyatt has added an 8th tier to accommodate some of the new SLH properties that it has added to the portfolio, “true” Hyatt properties have topped out at Category 7.
In other words, the fanciest, most posh, and crazy expensive Park Hyatt properties in the entire portfolio, can be book for a mere 30,000 points a night.
Let’s take a look at two properties that I know routinely sell for $1,000 per night (but can be even more expensive during peak season).
Park Hyatt Sydney
I searched for the cheapest night available at the Park Hyatt Sydney two months from now and found it for the low low price of $882 per night.
The Park Hyatt Sydney is a Category 7 hotel. Per the chart (above), it should costs 30,000 points per night. When attempting to redeem points, I verified that it was indeed 30,000 points…
Park Hyatt New York
Again, I searched for the cheapest night available at the Park Hyatt New York two months from now and found it for the low low price of $745 per night.
The Park Hyatt New York is also a Category 7 hotel and indeed was 30,000 points…
I’m a numbers guy and this is basic math. By obtaining the current welcome bonus on the Chase Sapphire Preferred (60,000 points) you have enough points for 2 nights at some of the most expensive hotels on the planet.
If super fancy hotels aren’t really your speed, take a step back. If one welcome bonus is ‘worth’ 2 nights at the most expensive hotels, how many nights can you obtain staying at a lower-tier Hyatt hotel (i.e. Category 1, 2 or even 3)?
Yes, you’ll generally get the most outsized returns from Category 6 and 7 properties but imagine going on vacation for a week and not having to pay a dime for accommodations by staying at a lower-tier hotel.
Did you sign up for this card yet? What are you waiting for?