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World of Hyatt Credit Card Upgrade Offer Decision
The Chase World of Hyatt card was launched earlier this year to much fan fare. I was among it’s biggest supporters. I think the card offers very good value for everyday spend, up to $15,000. And it also makes mattress running a thing of the past for Hyatt status. When it launched Chase offered what I called a puny upgrade offer. It is really a pitiful offer, only 2,000 Hyatt points, but I think I am going to have my wife take it anyway.
The 5/24 Torpedo
We knew that Chase would be rolling out the dreaded 5/24 to the World of Hyatt card at some point. It ended up coming sooner than I thought it would. Chase didn’t stop there either, they put ALL cards under the 5/24 umbrella.
My original plan was to wait the 24 months since my wife signed up for the old Hyatt card and then have her apply. I thought that was a better option versus taking the small upgrade offer. With this change I am now limited to three choices.
- Stay with the old version with the lower annual fee ($20 less per year). I could hope for a more lucrative upgrade but I don’t see that happening.
- Take the 2,000 points and upgrade now while there is still some type of offer.
- Close the account – I think the anniversary night is worth more than the fee so this is already out.
I don’t plan on either of us being under 5/24 any time soon (or ever). That leaves me with no other options.
I am choosing to upgrade her card not because of the 2,000 points but because I think it is the better product. The anniversary night, category 1-4 locked, will cost $20 more per year with the new World of Hyatt card. For the higher annual fee I will get better earning categories, the chance to unlock elite credits, and I can earn that second night with $15,000 in spend.
If I play my cards right I could have 4 award nights at a category 4 hotel after spending $30,000 between the two cards (plus at least 30,000 Hyatt points). Welcome offers are becoming harder to come by so these spending bonuses have been more of a focus of mine. Those 4 award certificates could net me around $1000 in value each year.
I have already broken down why I think the World of Hyatt card is a good non bonus spend option. And two is always better than one, or so they say.
With the landscape constantly changing I need to be able to adjust on the fly. The upgrade offer from Chase is not a great one (especially when compared to Amex) but upgrading allows me to get a product I have no other way of getting. I think the value is there and I am going to pull the trigger. If you are interested in the offer check your email or call into Chase to see if it is on your account.
Is anyone else in the same boat? Let me know what your thoughts are below.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.