Yesterday, Hyatt made an announcement about a new promotion that was available immediately to their co-branded credit card holders, offering 20% of redeemed points back on free-night awards. The promotion was a pleasant surprise and it’s certainly lucrative and exciting.
I’ve been a Hyatt Credit Card holder for a few years now, and it’s one card I have no problem paying the $75 annual fee for, since the annual free night certificate is worth it in itself. In fact, this hotel credit card is one card that will never leave my wallet, along with the Club Carlson Premier Rewards Visa Signature® Card, IHG® Rewards Club Select Credit Card, and the Marriott Rewards® Premier Credit Card (related post).
The promotion is only available to Hyatt GoldPassport members who have the Hyatt Credit Card (good news is that you can even elect to get the card today and still be eligible for this promotion). More good news: you don’t have to cancel and rebook your existing award bookings to receive the 20% back in points.
The terms of the promotion state that you have to register by 3/31/15 and book and complete your points stay by 7/31/15. I personally thing a 20% “rebate” is extremely generous, and it has me thinking of ways to spend my points!
Below is the current Hyatt award chart. Using the promotional period as a time to take advantage of award bookings might make your aspirational award bookings more of a reality. As an example, a top-tier category-7 room normally prices at 30,000 points per night, is now only 24,000 points per night. Or you can look at it this way – you get a free night on 5-night stays.
Park Hyatt Maldives
The Park Hyatt Maldives is probably one of the most “aspirational” properties to visit using points. I visited this hotel in June 2013 before it increased from 22,000 points to Hyatt’s new category-7 at 30,000 points per night. At time time, I booked 3 nights for a total of 66,000 points. Under Hyatt’s current award pricing chart now, those same 3 nights would cost 90,000 points.
I am glad I had a chance to experience the resort at a lower price, and with this promotion, the redemption rate would be 24,000 points after the rebate (which is probably the lowest you’ll see this property ever offered for from here on out). You can find my review about my experience here.
Hyatt Zilara Cancun
My husband and I just came back from an amazing 4-night stay at the Hyatt Zilara Cancun, which can be booked for 25,000 points for two adults (all inclusive). Even at 25,000 points a night, I think it’s an incredible deal – having a 20% off rebate (making it 20,000 points a night), just adds icing to the cake.
Below is the award chart for all of the current Ziva/Zilara properties. Even if you don’t end up choosing Cancun, it’s worth considering the others as well since the price covers 2 adults at an all-inclusive resort.
Hyatt Centric South Beach
Set to open on June 1 of this year, Hyatt is finally making a presence on South Beach with the new Hyatt Centric South Beach! I am super excited about this because South Beach has been my recent sweet-escape destination this winter. I’ve already booked several last-minute trips to Miami using Avios for some sun and sand.
The property is now accepting reservations and is priced at 25,000 points per night. A few of my friends gasped when they heard it would cost 25,000 points, but to be honest, that’s not too far-fetched of a price considering the Z Ocean Hotel across the street (IHG) charges 45,000 points per night, and the neighboring properties easily book for $400-$500 a night.
I am definitely going to check out this property during the rebate promotional period, so that I can slash 5,000 points off my stay.
Park Hyatt Sydney
Though I have not stayed at this property, I have been inside and it’s stunning. Considering the location, I believe it’s appropriately priced as a category-7 hotel, and I’ve heard it is worth every point.
When I visited Sydney, I stayed at both Radisson Blu properties (which were great), but it would have been nice to at least spend one night at the Park Hyatt. If you have Sydney in your upcoming plans, this is definitely a redemption to look into (getting 6,000 points back, makes the property only 24,000 points!).
Park Hyatt New York
The newest Park Hyatt of them all, the Park Hyatt New York, sells for $1,000 a night on average. I have visited this property on opening night (but have not stayed here), and I’ve personally decided that it may be too “fancy pants” for me. Several of my Hyatt-enthusiast friends (you know who you are), have stayed here and have done nothing but rave about it.
If you have the points to burn, and you’ll be in NYC before July 31, this promotion might be the perfect opportunity for you to get a night for 24,000 points… or you can always pay, but what’s the “point” of that?
What properties do you personally plan on booking during the promotional period? Anything you would add to the list? Please feel free to share your thought.