It's Amazon Prime Day! Check out our curated Prime Day 2018 MASTER THREAD of Deals!
Hyatt Credit Card Best Offer
The Hyatt credit card is one of the better overall values on the market if it is used properly. An old method of getting a better offer on the card has resurfaced, so I thought it was a good time to go over the options currently available.
The Hyatt Credit Card Evolution
- Way back when, the Hyatt credit card came with two free nights and the $75 annual fee waived. Diamond members even got those two free nights in a Suite. The Diamond benefit went away unfortunately, but not before I enjoyed an $1,800 per night suite at the Park Hyatt Tokyo!
- While the public offer on the card was 2 free nights, you used to be able to also get a $50 statement credit on the Hyatt website. This has been around off and on. (See below.)
- Over a year ago, Chase started offering 5,000 bonus points for adding an authorized user on the card. At one point, a 2 free night, $50 credit, 5,000 bonus point and no first year annual fee offer came around. This was the best ever off on the card and it only lasted a few months.
- Recently Chase began eliminating the first year annual fee waiver. The $75 fee is now charged up front.
Where We Are Today
Update: According to data points on Doctor of Credit, the $50 statement credit offer is also coming with 5K points for adding an authorized user, despite it seemingly not being in the terms. That clearly is the better deal!
Today, we have two versions of the Hyatt credit card offer:
- 2 free nights after $2K spend in 3 months + 5,000 points for adding an authorized user. $75 annual fee NOT waived. Direct Link
- 2 free nights after $2K spend in 3 months + $50 statement credit after first purchase. $75 annual fee NOT waived.
The 2nd offer has recently come back to my attention since it has come and gone from the Hyatt website. It has now returned (I’m not sure how long ago it came back) and you can find it by creating a dummy booking and going to the final confirmation screen where you input your credit card information. It will look like this:
$50 or 5,000 Points?
Basically, the question becomes whether you should take a $50 statement credit or 5,000 points for adding an authorized user. While conventional wisdom says that Hyatt points are worth more than $.01 each and thus you should take the points, unfortunately you have to add someone to your account to do that.
In the world of 5/24 and other bank tightening, being an authorized user or AU on someone’s account isn’t always the best idea. For example, my wife and I often used to be AUs on each other’s account, but rarely are anymore. Chase counts AU accounts towards 5/24 and other banks evaluate them as new accounts when determining whether they should give you new credit. For these reasons I think the $50 is both simpler, easier and better for most people.
It is nice to have options and I am glad that the $50 credit is back, especially now that you have to pay $75 up front. With the credit you are essentially purchasing 2 free nights at any Hyatt for a $25 first year fee (plus the opportunity cost of $2K in spend), which is quite a deal in my opinion. Yes, I wish we could go back to the good old days of the very best offer on this card, but unfortunately those days seem to be behind us.
This post may contain referral, affiliate or sponsor links that provide Miles to Memories compensation. Thank you for your support.