World of Hyatt Credit Card Review

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World of Hyatt Credit Card Review

Full Review of World of Hyatt Credit Card

Pros

  • One-time offer of up to 60,000 points with a six-month earning period

  • Up to two award nights per year

  • Earn 9 total points per dollar spent at Hyatt hotels

Cons

  • Hyatt hotels aren’t as widespread as some other brands

  • Annual fee isn’t waived the first year

  • The perplexing rewards scheme blends credit card and hotel loyalty points.

Pros Explained

  • Points worth up to 60,000 One-Time Offer with Up to Six-Month Earning Period: By spending $3,000 in the first three months of account opening, you may earn up to 30,000 bonus points. You may earn an extra 30,000 points if you spend $15,000 in the first six months of your account. Some competitor cards demand you to spend $5,000 in three months to qualify for a bonus, which might be tough to do.
  • Up to Two Award Nights Per Year: After each cardmember anniversary, you will automatically get an award night at a category 1-4 Hyatt hotel. This prize night certainly compensates for the card’s yearly cost. Spend $15,000 in a calendar year and get an additional free night at any Category 1-4 Hyatt hotel. While some cards allow you to earn additional reward nights with extended hotel stays, most do not provide an extra night for meeting a spending minimum within a year.
  • Earn 9 Total Points per Dollar Spent at Hyatt Hotels: By using this card, you will earn 4 points per dollar spent at Hyatt hotels, including participating restaurants and Small Luxury Hotel (SLH) properties, in addition to the 5 points you would normally get from the Hyatt loyalty program, for a total of 9 points per dollar spent. Our valuation approach assigns a value of 2.01 cents every Hyatt point, resulting in a value of 8.4 cents for dollar spent on the 4 points gained by using this card. This is much more valuable than any other hotel rewards card or even the top cash back credit cards.

Cons Explained

  • Hyatt Hotels Aren’t as Common as Other Brands: While Hyatt is a well-known brand, it lacks the hotel presence of some of its rivals. It now has over 1,000 properties across the globe. Other prominent companies, on the other hand, have a wider range of places to pick from. For example, IHG has over 6,000 hotels globally, whereas Marriott has over 7,000.
  • The first year’s annual fee is not waived: The $95 annual fee for the World of Hyatt credit card is collected every year, including the first year. Some competitor credit cards waive their annual charge the first year.
  • A perplexing rewards structure combines credit card and hotel loyalty points: The marketing for this credit card is a little perplexing since it says you may earn 9 World of Hyatt points every dollar spent when you use it. That is correct, however it combines the 5 points per dollar spent earned via the World of Hyatt reward program, which you may receive whether or not you have the card, with the 4 points per dollar spent earned with the credit card.

The World of Hyatt credit card is ideal for customers with good to exceptional credit who often stay at Hyatt hotels. When you include the extra 5 points per dollar spent as a World of Hyatt reward program member, the 4 points per dollar spent for using the credit card at Hyatt hotels may rapidly mount up.

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Based on our assessment of 2.01 cents per point, you’d only need to spend around $1,182 per year at Hyatt hotels or about $2,363 in the 2 points per dollar spent bonus areas to cover the card’s $95 annual fee. That doesn’t even include the category 1-4 night you get on each cardmember anniversary or any other perks this card provides.

World of Hyatt Credit Card One-Time Offer

You must not presently hold any Hyatt credit cards or be a prior cardmember of any Hyatt credit card who got a new cardmember bonus during the past 24 months to be eligible for this card and earn the bonus.

If you qualify for the bonus, it is divided into two pieces. To begin, you may receive 30,000 bonus points after spending $3,000 in purchases within three months of starting your account. In addition, you will get 2 Bonus Points for every $1 spent on items that yield 1 Bonus Point up to $15,000 in the first 6 months of account setup, for a total of 30,000 points. After qualifying, the bonus should be credited to your World of Hyatt account within six to eight weeks. Your credit card must be valid for at least three months. Hyatt and Chase may withdraw the bonus points you receive from your World of Hyatt account if you do not comply.

The 30,000 point bonus is worth $630 based on our assessment of 2.01 cents per point. However, remember to deduct the $95 yearly charge from these bonus amounts.

Rewards Earning Details

Earning points with the World of Hyatt credit card is simple, but some of the bonus categories are uncommon and might be tough to remember. Points do not expire as long as your credit card account is active.

Earn four points for every dollar spent at Hyatt hotels, including participating restaurants and Small Luxury Hotel (SLH) locations. You’ll also get two points for every dollar spent at restaurants, on airline tickets bought directly through the airline, on local transport, commuting, health club or gym subscriptions, and FIND experiences booked via World of Hyatt’s FIND website. You’ll also get 1 additional point for every dollar spent on anything else.

When you consider their projected worth of 2.01 cents per point, the rewards rates in bonus categories are significant. However, you may get close to that amount of return on all other transactions with select no annual charge cash back credit cards.

Rewards Redemption Details

You may use your World of Hyatt points in a variety of ways, but booking a hotel stay generally yields the most value per point. Hyatt has two options for using points to book hotel stays. You may book using simply points or points and cash.

Rates for points range from 5,000 points per night for a category 1 hotel to 40,000 points per night for a category 8 hotel. When you book using points and cash, your points balance is cut in half, and you pay half the usual rate in cash for your stay.

On select paid stays, you may also spend your points to improve your accommodation. Upgrades are not always available and are not permitted in certain hotels. Upgrades to the Regency Club or Grand Club are 3,000 points per night, suite upgrades are 6,000 points per night, and premium suite upgrades are 9,000 points per night.

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Points may be exchanged for dining or spa credits, however the value per point is less than a cent. Another redemption option is to use points for meetings and activities, although the value per point is just 1.33 cents. You may spend 6,000 points to reserve a one-day intermediate-size vehicle rental with Avis, but this doesn’t provide a good return on your points.

Transferring Points

Although Hyatt allows you to transfer points to compatible travel reward programs, it is typically not a good deal. One uncommon exception is if you need to top up one of your loyalty program accounts in order to book a reward that you would not otherwise be able to get.

Transferring points from Hyatt to a broad variety of participating airline travel reward programs is often possible at a ratio of 2.5 World of Hyatt points to 1 point in the other program. Each transfer request requires a minimum of 5,000 World of Hyatt points, although transfers over that number may be made in 1,250 Hyatt point increments.

However, various travel partners provide varying conversion rates. For example, at these prices, you may transfer 5,000 World of Hyatt points to the following partners:

  • 1,000 kilometers – Aeromexico/LAN Airlines S.A.
  • Air China – 800 kilometers
  • 800 points for China Eastern Airlines
  • Qantas Airways – 600 points
  • 600 points for Southwest Airlines
  • 750 miles on Virgin Atlantic Airways

How to Maximize Your Rewards

To optimize your points, make sure to charge all Hyatt and other bonus category purchases to this credit card. Once you’ve acquired enough points, you may optimize your worth even more by carefully choosing how you redeem your points.

Even though the program employs a hotel category pricing structure to account for variances in hotel cost and quality, some hotels will result in greater per point redemption values.

Average Case

If you’re in Minneapolis-St. Paul for business or to see family, consider staying at the Hyatt Regency Minneapolis. A typical room with one king bed would cost 12,000 points per night, while the hotel charges a normal rate of $129 per night for a reservation on January 19, 2022. This yields a point value of 1.08 cents.

Aspirational Case

If you want to get the most out of your points, save them up and organize your holiday around the hotels with the greatest redemption values. These are typically Hyatt’s higher-tier properties. If you’re visiting New York City, for example, you may stay at the Park Hyatt New York. The usual cost for a single room with a king bed is $795 per night for a reservation on January 19, 2022, however you could get the same accommodation for 30,000 points per night. That works out to 2.7 cents each point.

World of Hyatt Credit Card’s Outstanding Benefits

  • Hyatt Discoverist elite status and more: With this card, you automatically receive Hyatt Discoverist status, as well as five qualifying night credits toward your next tier status each year, as well as two additional qualifying night credits toward your next tier status every time you spend $5,000 on your card.
  • Luggage delay insurance: You may be compensated up to $100 per day for five days for basics if your baggage is delayed by a passenger carrier for more than six hours.
  • Compensation for lost luggage: Up to $3,000 per traveler for carry-on or checked baggage damaged or lost by the carrier.
  • Trip cancellation or interruption insurance: You may get up to $5,000 per trip for planned, nonrefundable travel if your trip is canceled or cut short due to illness, extreme weather, or other covered circumstances.
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Standard Benefits

  • Concierge service for purchasing event tickets, arranging meal reservations, and so forth.
  • Purchase protection
  • Spend $15,000 in a calendar year and get an additional free night at any Category 1-4 Hyatt hotel.

Cardholder Experience

In the J.D. Power 2021 U.S. Credit Card Satisfaction Study, Chase placed fourth and earned two points below average.

All Chase cardholders, as well as non-Chase consumers, may sign up for Chase’s free Credit Journey program. This service gives free weekly access to your VantageScore 3.0 credit score. You may also use a credit score simulator and other credit education materials.

Customers who want help with their card may contact customer support at 800-935-9935, which is available 24 hours a day, seven days a week. You may also seek for solutions to your questions on the Chase website or the Chase mobile app.

Security Features

Standard security protections are available with the World of Hyatt credit card. You may also lock and unlock your card on the Chase website or app to block new, non-recurring transactions that you haven’t approved. To monitor your credit report for possible fraud, you may receive access to a credit report and sign up for credit alerts with Chase Credit Journey.

Fees to Watch Out For

The World of Hyatt credit card levies fees that are very common for this sort of card. However, unlike some other credit cards, the $95 annual charge is not waived the first year. Furthermore, the balance transfer costs ($5 or 5% of each transfer, whichever is bigger) and cash advance fees ($10 or 5% of each transaction, whichever is greater) are higher than those charged by certain other credit cards.

Our Verdict

The World of Hyatt Credit Card provides several options to gain excellent value for the $95 annual fee. The substantial one-time bonus of up to 60,000 points, the yearly award night at a category 1-4 Hyatt hotel provided on each cardmember anniversary, and the 4 points per dollar spent at Hyatt hotels (plus 5 for being a World of Hyatt Member) are all excellent benefits. You may optimize the value of this card by strategically redeeming your points for Hyatt Hotel stays.

You may believe that there are better earning opportunities elsewhere if your purchases earn you only 1 point (or 2.01 cents) per dollar in categories where your purchases earn you only 1 point (or 2.01 cents) per dollar, but only if you have a card that exceeds that approximate 2% return on spending (which is still pretty exceptional) on other purchase categories such as groceries, gas, drug stores, or entertainment.

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