Category : Uncategorized
Sorry for the hiatus, but now I’m back!
I recently became re-eligible for one of the best hotel credit cards currently on the market: the Chase Hyatt Visa card.
I first got this product in October 2014. I recently hit my two year anniversary since earning the sign-up bonus so per Chase’s T&C, I’d be eligible – assuming other creditworthy factors – again. They state that:
This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months.
Since I closed this card in October 2015, I did not currently have it (at the time of application) and the 24 months have since passed. I wrote about my experience in determining the date here; fortunately enough, I was instantly approved for the product and confirmed the sign-up bonus with the Chase representative.
Also keep in mind that this product is currently exempt from Chase’s ‘5/24’ rule.
The Original Offer
For an exceedingly long period of time, the standard offer for the Chase Hyatt Visa has been:
- Receive two free night certificates for use at any Hyatt worldwide upon spending $1,000 in three months.
- Annual fee is waived for the first year, and then $75.
There other benefits, but those have stayed the same throughout.
This sign-up fluctuated a bit over the past year to include some nice perks such as:
- Add an authorized user who makes one purchase and earn an additional 5,000 points;
- $50 Statement credit after your first purchase
These offers, particularly the one with the $50 statement credit was usually unlocked when making a Hyatt hotel booking.
The Current Offer(s)
There are two current offers, one public and one targeted.
Two 2 free nights are still there – as is the nice 5,000 point bonus for adding an authorized user, but the biggest difference is the spend requirement.
Granted, that spend requirement change isn’t huge – if you can spend the $1,000, you can probably spend the $2,000. The bigger change is that the annual fee of $75 is not waived.
Recently, people have reported receiving a targeted offer for 40,000 Hyatt Gold Passport points after spending $2,000 in three months. There, too, the annual fee isn’t waived. (You also receive 5,000 Hyatt Gold Passport points for adding an authorized user).
So after the spending, authorized user and the sign up bonus, you’re looking at 47,000 Hyatt points.
The 2 night certificates can be used at any Hyatt – and if used at the most expensive properties like the Park Hyatt Sydney, your certificates would be worth 60,000 points.
This is, in my opinion, an inferior offer and if you do receive it, I recommend applying for the public offer. The only reason to go with the targeted offer is if you stay at low level properties and can get a lot of use out of 47,000 Hyatt Gold Passport points.
Getting the Old Offer
Go to hyatt.com and search a random hotel location with a random night during the week.
Select the basic room mate and sign into your Gold Passport account. Scroll to the bottom and upon seeing the reservation total you should see an offer with the statement credit.
After clicking ‘Learn More & Apply Now’, you’ll be taken to the Chase credit card landing page. There is an annual fee is listed, and the spending requirement of $2,000 is listed, too. It could have been a fluke for me, but either way, you’re getting $50 off for any purchase.
After being approved, I would confirm with Chase via Secure Message and phone the terms of the new cardmember bonus.
After being approved for this card, I confirmed that I’d receive the statement credit, the 5,000 bonus points for adding an authorized user and, most importantly, the spending requirement of only $1,000. If I’m charged an annual fee of $75, it’ll largely be offset by the nice $50 statement credit.
As with everything, time is of the essence and this offer may or may not stick around. If it makes sense for you, and you’ve been thinking about getting the Hyatt card, try the above method for the best of the available offers.