I received a text from my Dad yesterday at 1:01 pm; he was upset that he missed out on purchasing Hyatt points for about a penny each during the Daily Getaways sale.
For those who are unfamiliar, there was a chance to buy these Hyatt packages:
- 24,000 Hyatt points for $260 (95 available); ~1.08 cents per point
- 30,000 Hyatt points for $330 (35 available); ~1.1 cents per point
- 40,000 Hyatt points for $415 (15 available); ~1.04 cents per point
- 72,000 Hyatt points for $775 (15 available); ~1.08 cents per point
Many other readers and travel friends were bummed that they didn’t get in on it, but I purposely sat this one out. Call me crazy, but I didn’t really get the hype.
To be honest, I didn’t see this as a deal at all.
My dad and I went back and forth via email as he was trying to convince me that it was “worth it” to buy the points.
Sure, his logic made sense, and it did bring the cost of the rooms down, but I shot him back with even better options.
In my honest opinion, unless you have an immediate *high-value* usage for the points (at a very expensive Hyatt property), it’s not worth it to buy points… ever.
Here’s an example my dad provided me in his first email:
2 nights here would cost $540. With the promotion, you can buy the 24,000 points you need for $260, which is a savings of $280.
And then he does the same thing with this example:
It’s no doubt that at first glance his two examples prove to provide significant savings, but let’s think outside the box for a minute.
Take a look at the Hyatt award chart below. The two examples he presented me are category 3 properties.
Without much thinking, I quickly replied:
Why buy the points if you can get one of the free nights by using an annual free night certificate from the Hyatt Credit Card? That card comes with a free night at any category 1-4 hotel after you pay the $75 annual fee. And then for the 2nd night, wouldn’t it be cheaper to just go to Staples and manufacture spend at the cost of $6.95 per 1,000 points, for a total of $83.40 for the second night?”
Sure, you could pay the $260 from the daily getaways and still save money, but I’d rather pay $158.40 using my logic.
Now if someone who is buying the points was planning to use them [in the very near future] at high-end aspirational properties such as the Park Hyatt Tokyo, Park Hyatt Maldives, Hyatt Zilara Cancun, or another hotel of that caliber, then sure, it does make sense. But for the average person who just wanted to “pad their Hyatt accounts”, be glad you missed out.
For those who are reading and wondering if I ever buy points, the answer in short is almost always NO.
- I don’t need them. To be more specific, I already have a healthy amount of hotel points/free night certificates that I need to use.
- I earn and burn. I am the opposite of a hoarder. In general, I hate “stuff”, and I have the same behavior with my points. Yes, I like to have enough in my reserves for emergencies and last-minute fun, but I tend to “earn and burn”. I don’t ever like to sit on large amounts of points and miles because of my next point…
- Devaluations. We’re seeing program devaluations left and right. In fact, we’ve seen more this year than in years prior. I’d bet my bottom dollar that this trend is here to stay.
- Peer pressure is bad. Bloggers (and other enthusiasts) often hype up deals for various reasons. While one deal might be good for one person, it may be a waste to another. Just because the majority of people are getting in on a deal doesn’t mean I have to. It’ll be ok… really.
- It’s not the end of the world. Some people get really bummed when they miss out on a sweet deal (I have too), but guess what? There will be more opportunities, I promise.
Anyway, I would love to hear other thoughts, including from those who were lucky enough to get the points that sold out in under a minute. How do you plan to use them?