Through May 23, you can purchase additional points from World of Hyatt (the new loyalty program replacing Hyatt Gold Passport) with a 30% bonus. This applies only if you purchase more than 5,000 points, resulting in a net cost of 1.8 cents per point.
Even though the loyalty program has a new name, most members will earn points at a rate very similar to before, and the cost of redeeming points has not changed at all. So is it a good deal to purchase more points for 1.8 cents?
It’s not an obvious choice. I argue that you should normally be able to redeem Hyatt points for about 1.7 cents each, but how you calculate value really matters. Here’s an example.
A room at the Andaz 5th Avenue goes for $375 or 25,000 points (just 1.5 cents per point) for an upcoming weekend in New York. But really, with taxes and fees the total cost is $433.81 per night. Including the total cost provides a much more attractive value of 1.74 cents per point. Resort fees are also waived on award stays, which can make this number even better depending on where you stay.
If you can book a Points + Cash award, the deal is even better. Instead of redeeming 25,000 points you’d pay 12,000 points and $150. Taxes are still due on the cash co-pay, so let’s call it $173.52. This means you get a discount of $260.29 (off the full rate of $433.81) in exchange for redeeming 12,000 points. Now these points are worth 2.17 cents each. Points + Cash awards are not always available but usually deliver much better value than booking with points only.
|Award Category||Free Night Award||Points + Cash Award|
|1||5,000||2,500 + $50|
|2||8,000||4,000 + $55|
|3||12,000||6,000 + $75|
|4||15,000||7,500 + $100|
|5||20,000||10,000 + $125|
|6||25,000||12,000 + $150|
|7||30,000||15,000 + $300|
As you see from this example, in some cases you can get much more than 1.8 cents per point, making this sale a good value. But you have to do your homework! Some hotels are better than others, and rates change. I’ve stayed at “cheap” hotels that were packed during a conference, meaning a few thousand points saved me several hundred dollars off an inflated rate. Other times an “expensive” hotel was empty during the off-season, and redeeming points didn’t make much sense given the other discounts available.