Another buying points deal is back and this time it is for Hyatt. With this sale, and taking one extra step first, you can buy Hyatt points for just 1.67 cents each. Now more than before, this could really be the time to buy these points!
Deal Alert: Buy Hyatt Points for 1.67 Cents Each
Link: Buy Hyatt Points (buying through this link will earn me a small commission – to earn 2.5% cash back for yourself, read more below!)
The last time this deal came around was in May and many of you bought in then. Depending on your use case, buying Hyatt points for 1.67 cents each can be a great deal. Here are the details of this deal:
Regular Cost of Hyatt Points
Hyatt points cost 2.4 cents each, normally. Unless you are topping up for a particular award, I would never suggest purchasing Hyatt points at that cost.
Hyatt Points on Sale for 1.71 Cents Each
However, until November 27, you can purchase Hyatt points with up to a 40% bonus. This brings the cost of Hyatt points down quite a bit and can definitely make more sense – depending on the type of award you are wanting to book. Here is how this Hyatt points sale breaks down:
- Buy 5,000 – 9,999 Hyatt points and get NOTHING
- Buy 10,000 – 55,000 Hyatt points and get a 40% bonus
To max out the Hyatt points sale bonus, you would need to purchase 55,000 points. This would give you a total of 77,000 points for $1,320. This breaks down to a final cost of 1.71 cents per point.
Getting Hyatt Points Even Cheaper
However, if you go through TopCashBack, you can get 2.5% cash back on your points purchase! This brings the total out-of-pocket cost for 77,000 points down to $1,286 (or 1.67 cents per point).
That is really not that bad of a deal! Yes, it is better to transfer them from your Ultimate Rewards account and you can earn UR points for less than that with office supply purchases on some of the Chase business cards.
But, it will depend on what other partners you like to transfer to. For example, if you like to transfer to United, you may be better off buying some Hyatt points at this price and keeping your UR points for United since you cannot buy United miles at this price.
Should You Buy Hyatt Points?
If you max it out, you will have 77,000 points. Let’s see a couple of examples what this could give you:
- 2 nights at a Category 7 and 17,000 points left over (which you could use for 1 more night at a Cat. 7 with Points+Cash – paying 15,000 points and $300) – A Category 7 can go for as much as $1,000 for one night so this would let you get 2 nights for $1,000 or $500 per night (quite expensive but maybe of use to some)
- 5 nights at a Category 4 – This category has a lot of sweet spot hotels with some hotels costing over $350 per night. At this rate for points, you would pay $257 per night
- 3 nights at a Category 6 – Most of the NYC Hyatt hotels are Category 6 like the Andaz 5th Avenue. This sale would give you those nights at $428. Depending on the night you are looking at, you could get the Andaz for quite a bit less than that.
But, there could be some reasons to buy points.
- To redeem for Club rooms or Suites – this would allow you to get a room that could cost a lot more in cash with points, and have access to Club Lounges with this for free meals
- For Globalists, to get parking fees waived – If you are a Globalist, you can have your parking fees waived on point stays. This can be a huge savings at some of the big city Hyatts since parking could be over $40 per night!
- To use for Points+Cash – Depending on the category you want to book at, you could save quite a bit in cash by purchasing points to use for the point portion of a Points + Cash booking.
Why This Could Be “THE Time” To Buy?
Answer: Hyatt Points+Cash Could Devalue November 1
It is looking more and more like the rumor that started last week about Hyatt Points+Cash redemptions is going to be reality. This means that, as of November 1, you would no longer be able to redeem Points+Cash at the fixed rate of points and cash that you can now. Instead, you will essentially be using the point component to cut the current rate of the hotel 50%.
This means that many fantastic properties that are awesome with Points+Cash may no longer be a deal with P+C reservations. In the past with these sales, I have always broken down how it can actually be better to do a Points+Cash reservation over an outright award booking because you were pretty much buying those points with the cash at the following rates:
- Category 1 – 2 cents per point
- Category 2 – 1.3 cents per point
- Category 3 – 1.25 cents per point
- Category 4 – 1.33 cents per point
- Category 5 – 1.25 cents per point
- Category 6 – 1.2 cents per point
- Category 7 – 2 cents per point
However, with the possible change coming, that would no longer be true. That means you are either going to need to lock in those Points+Cash reservations for the next year now, or you will need to start redeeming for just outright awards.
Either way, you will need points to do that. If you don’t have your plans firmed up for next year, buying Hyatt points will be a great way to redeem for awards and only pay a little more than you would now for Points+Cash reservations. Consider this Hyatt sale something like buying a bunch of USPS postage stamps before a fee hike (but with a little premium added) to lock in a rate you know for the future.
At any rate, with this sale lasting until the end of November, you do still have time to see how this change will play out. But, if you need points to make Points+Cash reservations before November 1, this is the best price to grab them at!
Editorial Note - Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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