World of Hyatt & Chase have apparently racked up their offer for new Hyatt Visa Card applicants and increased the amount of elite qualifying nights customer get with the card to ten nights for 2020.
This offers reached one of my family members via email and appears to be targeted so likely many others have received the same email offer already or will do so in the next days.
Having the Hyatt Visa Card that comes with a $95 annual fee and an annual free night certificate can be beneficial for those who are after Hyatt Globalist and have medium to high spend. The earning ratio is generally decent especially for travel, restaurant and Hyatt spend, however the sign up bonus itself is very lackluster.
This particular offer says “Up to 50,000 points” and it cut into two parts: Spend $3000 and earn 25k points and another 35k points with the next $3000. To me this spending threshold is way too high for just 25/50k Hyatt points especially considering this cased used to come with two free suite nights at any Hyatt in the past.
But I’m more focused on the elite night credit in this case because 10 nights welcome offer is a lot, at least it sounds like it.
Here are the details as described in the email:
While your current travel plans may be on hold, we want to help you make the most of future stays. This exclusive offer lets you boost your World of Hyatt status and earn awards fast, without having to go anywhere.
Apply by June 30, 2020 and receive 10 qualifying night credits toward your next tier status.
You’ll get your 10 qualifying night credits after account opening — that’s double the number of qualifying night credits you would normally receive. Plus, you’ll receive 5 qualifying night credits every year thereafter. *
This product is not available to either (i) current cardmembers of any Hyatt credit card, or (ii) previous cardmembers of any Hyatt credit card who received a new cardmember bonus within the last 24 months.
What’s the downside? Well we already have May 22nd today and although the offer goes until June 30th that would make it even worse, at least if you start from anywhere near the bottom and in this current travel climate.
For someone who still has a high spend through a business or personal expenditure this could be worthwhile together with another promotion we wrote about last month where Hyatt offers 3 qualifying nights for every $5000 spent on the card.
There were plenty of bad news from Chase this month, reporting that credit card spend is down 40% and it’s likely not getting any better in the next few months.
Hyatt has already announced reservation cancellation waivers (read more here) and extension of member tiers and free night awards (read more here).
Depending on how the opening of the U.S. states and international destinations overall goes there might still be opportunity to travel this year. I strongly suspect there will also be a double night promotion sometime in fall or winter but there is of course no guarantee for that.
There might be some good status opportunities in the months and maybe next year ahead and the 10 nights from this card could be a good kick start to Hyatt Globalist. There haven’t really been any status match offers from Hyatt in recent time, only certain corporate fast track offers for employees of certain big companies who were able to get Globalist with 20 nights.
I wouldn’t discount the whole travel matter for 2020 just yet as we see things gradually open up. If there is a way to strategically earn enough Hyatt nights to get Globalist that would be worthwhile in my opinion. The only downside with this current Hyatt Visa offer is the high minimum spend unless you really plan to put a lot of money through this card in the next 3 months regardless.
This offer should be in your email, I tried to play around with the email link but while I was able to get rid of the membership number in the link the affiliate part of Hyatt is still in it. If someone really wants it leave a comment, otherwise I don’t really like to try random credit card sign up links that aren’t “universal”.