My preferred hotel chain is Hyatt. I’m not a big fan of the new World of Hyatt program, but their points have remained fairly valuable. Until October 3, 2017, you can earn up to a 40% bonus on the miles you buy. This occurs when you purchase at least 10,000 points or more.
The highest bonus that Hyatt has offered for buying miles is 40%. The maximum amount of miles you can buy is 55,000. With a 40% bonus, you would receive 77,000 miles. This would result in a cost of $1,320 making each mile 1.71 cents.
While points.com facilitates the transaction, it does not seem there are additional taxes applied (which normally occurs with many mileage sales), which is great as Canadians because you can use your domestic address without paying GST/HST. These purchases aren’t classified as travel, so use a card that maximizes everyday spending like the Starwood Preferred Guest American Express.
It seems that Elite members who are not Hyatt cardholders receive a 35% discount, which is also not bad. Since this promotion is targeted, be sure to check whether you are eligible to get a bonus. The best redemptions are those where there are very high rack rates with a fixed amount of points required.
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.
I am partial to Hyatt because of all the fantastic upgrades and treatment I’ve received. One of my favourite Category 7 properties, the Park Hyatt Sydney, is only 30,000 points as opposed to the $800+ nightly rates. A bathtub with views of the Opera House is really something – so is having the biggest suite at a Hyatt property during a loyalty conference.
While this might not be the absolute lowest price for Hyatt, it pretty much is one of the only ways Canadians can earn these points. Even if you aren’t Globalist, you can still take advantage of their benefits thanks to Guest of Honor. Points transfers are free between members, so you can simply transfer the points to an account with Globalist status that can make the reservation for you.