My preferred hotel chain is Hyatt. I’m not a big fan of their new elite tier benefits or the World of Hyatt branding one bit, but one thing that has remained is how valuable the points are. Right now, Hyatt currently has a promotion where you can buy points with a 40% bonus ending tonight, at 11:59 ET. As a Globalist, these points go even further because you get resort fees AND parking waived. Hyatt is the only program that waives parking at all for elite members, which can be a huge value in cities where daily valet rates can run upwards of $50 a night.
This a pretty good as it is the highest bonus ever offered. The last 40% promotion was back in October 2016, so these are not as common as I’d like. You get a 30% bonus when buying between 5,000 and 9,000 points, and a 40% bonus for anything more than that. The maximum number of points you can buy during this promotion is 55,000.
While points.com facilitates the transaction, it does not seem there are additional taxes applied, which is great as Canadians because you can use your domestic address without paying GST/HST. The total cost for buying the maximum 77,000 miles (55,000 + 22,000 Bonus) is $1320. This puts the cost of each mile at 1.71 cents.
The best redemptions are those where there are very high rack rates while the points redemption cost is fixed. One of the best examples to take is with the Park Hyatt Maldives. A three night stay will run you at least $1125 at the non-refundable rate, and $1500 for their best flex rate.
On the other hand, this Park Hyatt is a Category 6 property, requiring only 25,000 points. This works out to $428 a night.
For a three night stay, you save over over $2000 by buying points that’ll cost you $1300 as opposed to the total $3375 cash rate. This is the same scenario with plenty of expensive luxury city hotels that run $800+ a night, like Sydney, New York, and Paris. For me, it’s worth every penny.
There are two additional reasons I would recommend buying Hyatt points. One, there are no credit cards in Canada that allow you to earn Hyatt points. The only other way is through staying, which is a much slower accumulation process. Furthermore, even if you aren’t Globalist, you can still take advantage of their benefits thanks to Guest of Honor. Since points transfers are free between members, you can simply transfer the points to your friend who has Globalist status, and then s/he can book the reservation for you.
If you don’t know anyone who’s Globalist, I may be able to help. 🙂
Purchase Hyatt Points with a 40% Bonus – Ends Tonight!