The time has finally come for the Chase Hyatt Credit Card to change its beloved sign-up bonus. As of June 29, 2017, cardholders will no longer earn 2 free nights at any Hyatt property after spending $2,000 in the first 3 months. Instead, the new structure will allow cardholders to be eligible for a bonus of 40,000 World of Hyatt Points.
The minimum spend requirement will remain the same for the new bonus—users must spend at least $2,000 in the first 3 months. The annual fee will remain the same at $75.
Similarly, the Chase Hyatt Credit Card will also retain its additional bonuses. This includes receiving 5,000 points after adding an authorized user to your account who makes a purchase during the first 3 months, as well as receiving one free night every year after your account anniversary (at a Category 1-4 Hyatt hotel or resort). Lastly, it still includes receiving automatic Discoverist status for as long as your Hyatt card is open.
Furthermore, category bonuses will remain the same. These currently break down as follows:
- 3x points at Hyatt hotels and resorts
- 2x points on restaurants, airline tickets purchased directly from the airlines, and car rentals
- 1x points on all other purchases
Bad News for Some, Good News for Others
If the only thing changing is the sign-up bonus, why are some people so upset?
The current bonus allows cardholders to spend their 2 free nights at ANY Hyatt property worldwide, regardless of category listing. For many, this means cashing in the best value for their money at some seriously swanky spots like the Park Hyatt Sydney, Park Hyatt Maldives Hadahaa, or Grand Hyatt Hong Kong.
These rooms would otherwise require 25,000-30,000 points per night. While this award can only be used for a standard room and is good for just 12 months from the issue date, it has been extremely popular.
Changing the bonus to 40,000 points will absolutely limit this type of redemption. Utilizing points (vs. nights) for a Category 6 or 7 property is much less lucrative.
On the other hand, cardholders who don’t place importance on these upscale redemptions will likely find themselves happy with the change. A bonus of 40,000 points could be cashed in for the equivalent of 5-8 nights at a Category 1 property, 3-5 nights at a Category 2, or even 2-3 nights at a Category 3.
At a Category 4 or 5 property, customers will pretty much break even, as either bonus would do the trick.
|Category Ranking||Standard Room||Regency/Grand Club||Suite|
On the Fence?
If you’ve been on the fence about applying for the Chase Hyatt Credit Card and you feel cheated by the new change, you’ve got 2 days left to sign up at the current 2-night bonus structure.
Something to note: the Chase Hyatt Credit Card is NOT subject to the Chase 5/24 rule. This means individuals who have already opened 5 cards in the last 24 months can add the Hyatt card to their arsenal too.
If you’ve missed the change deadline and you’re not sure if the 40,000 points are worth it, consider the additional benefits before deciding.
In addition to the 5,000-point authorized user bonus, the 1 free night certificate per year, the automatic Discoverist status, and the category bonuses, Hyatt also advertises the following perks for the Chase Hyatt Credit Card:
- No foreign transaction fees
- Baggage delay insurance, lost luggage reimbursement, travel coverage, and purchase coverage
- Eligibility to achieve Explorist status
Receiving automatic Discoverist status should not be discounted. This is usually achieved only after completing 10 qualifying nights or 25,000 base points.
Hyatt elite status members receive compounded benefits when earning points, as shown in the chart below.
When considering hotel perks, elite members certainly receive added benefits.
Don’t forget that Hyatt is also a transfer partner with Chase Ultimate Rewards, so you can easily top off your World of Hyatt account.
Whether you decide to jump on the current offer or wait for the new offer, the Chase Hyatt Card will provide you with plenty of great opportunities.