The Hyatt credit card is a Chase issued credit card that offers free nights and rewards usable at Hyatt related properties. The card can be a valuable asset for travellers that already frequent Hyatt properties or those looking for a quick way to earn a weekend stay for a vacation.
The Hyatt Credit Card Pros() and Cons()
- Signing bonus offers high number of points for relatively low spending
- Higher than average spending rewards
- Annual fee
Many of the other best rewards cards are ideally used to earn points and miles that you can redeem for stays or flights, but The Hyatt credit card's best feature are its signing and continuing bonuses. While the card has a $75 annual fee, the signing and continuing bonuses can more than make up for the fees. The 40,000 offered by the signing bonus can be worth the equivalent of hundreds of dollars in savings, depending on how you use them. To qualify for the bonus, you need to spend at least $2,000 on purchases within the first 3 months. Plus, each year cardholders will also receive an additional free night, though these stays are limited to category 1 - 4 hotels.
Beyond the bonuses, The Hyatt card also has pretty competitive spending awards. Like many of the other top hotel cards, Hyatt points tend to be a little more valuable per point than airline or generic awards. While the value can vary significantly, the points earned with the card can be worth as much as 2 cents each. Based on the cards earning structure this means that you can get up to 2 - 6% rewards rate through using to the card.
With the value of the signing bonus, consumers that may be looking for a way to pay for an upcoming trip might consider getting the card simply to earn those free stays. At $2,000 in spending it's quite the bargain considering the cash value that some hotel nights can cost. In the long run however the Hyatt card is most suited for consumers that see staying at these properties as a consistent part of their travel plans.
How does it do as an everyday card?
Given the value of Hyatt rewards, the card sits on the edge of being a useful everyday card. For cardholders that are willing to shop around for good deals when it comes to using the points, it can end up being more valuable than some of the other generic cash back and travel options. Our benchmark for primary credit cards that have an annual fee is a 2% rewards rate. Our top cards like the Barclays Arrival Plus® World Elite Mastercard®, Venture Rewards and Chase Sapphire Preferred® Card have general spending rewards rates that meet this requirement. Since these cards have better redemption flexibility, with points and miles usable as direct offsets to any travel spending made, cards like the Hyatt card only make sense if you can get a better deal.
If you're willing to do the extra work when using the rewards then it can make sense to use the card everyday. For anyone that may not want to take that time, we suggest using the card to pay for Hyatt stays and leveraging the card's annual and welcome offers to compensate for the annual fees. That alone should net you positive returns on having the Chase Credit Card
Let's take an in-depth look at the benefits for The Hyatt Credit Card
|Credit Needed||Excellent Credit|
|Foreign Transaction Fee||$0|
Signing Bonus: 40,000 Points
The welcome offer is likely one of the biggest reasons to consider signing up for the credit card. Simply spend $2,000 in the first 3 months and you'll be eligible for 40,000 points. That's enough to book a weekend stay at some of their resorts. To get value equivalent to bonuses that other travel cards offer, you should use these awards towards hotel rooms that would otherwise cost at least $200 a night. (Many of the top travel cards have awards bonuses valued around the 4-500 range).
The annual bonus has a more limited benefit but definitely offsets the annual cost. Since it's limited to category 1 - 4 properties, there's a much lower cap on the value of the awards. With some category 4 properties charging above $200 for a nights stay, you'll still come out ahead on an yearly basis if you find a way to use this feature.
Outside of the spending and bonuses the other feature of the Hyatt card is the automatic upgrade in elite status with the Hyatt Gold Passport loyalty program. This is a typical benefit afforded by many loyalty program affiliated credit cards. While the upgrade is to Discoverist status, know that this is merely the first step up in the elite tiers. Normally attaining Discoverist status would require 10 qualifying nights or earning 25,000 Base Points or holding 3 qualifying meetings/events per calendar year. With the status comes 15% in extra points when staying at a Hyatt hotel and some additional flexibility when making reservations or checking out of your room. It's definitely a small benefit, but probably doesn't move the needle when it comes to the value of the card.
Comments and Questions
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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.