World of Hyatt ran a recent promotion to purchase points at a 30% discount. To get the discount, you had to buy a minimum of 5,000 points and could purchase up to the yearly maximum of 55,000 points.
Hyatt points usually cost 2.4 cents each and after the discount, the price dropped to 1.68 cents. It would be a challenge to find a bad redemption at that price.
For example, we paid 33,000 points a night at the Grand Hyatt Kauai, and we got a 3.9 CPP value. The Orlando Airport Hyatt Regency is a category 4 property costing 12,000 points a night but rooms can often go for over $300.
I’d guess that Hyatt can sell points at such a great value because they limit the amount you can buy. Even if you max out the offer, it’s only enough points for 1-2 nights at one of their top-tier properties.
If the price was at a level where I’d have to really try not to break even, why wasn’t I a buyer? Here are three reasons I passed on the offer:
Hyatt Point Sales Are A Regular Occurrence
Over the past 2 years, Hyatt points have been on sale more often than they’ve been available for list price. Once this offer is over, I’d say it’s a safe bet that we’ll see a new discount within a month or so. I could be wrong but that’s been the pattern going back to at least 2019.
There’s no guarantee that it will be for 30% again but the recent offers have ranged from 25% to 30%.
I Don’t Need Extra Hyatt Points
I have most of our travels for the summer and fall booked. Therefore, I don’t need extra Hyatt points sitting in my account. Don’t get me wrong, I’d love to have a fat account balance waiting for our next trip but it’s not worth paying money to get it.
I Can Transfer Chase Ultimate Rewards To Hyatt
While I don’t have many Hyatt points, I do have a decent number of Chase Ultimate Rewards in our accounts. Since UR transfer instantly to Hyatt, I can wait until I need the points to transfer them. Why pay for points when I can transfer ones I already have.
If my only criteria for buying Hyatt Points were if the price was worth it, I would have spent $900+ for 55,000 points. However, with no upcoming need for the points and a sufficient amount of Ultimate Rewards points, it didn’t make sense to spend the money at this time.
However, I understand if you took the plunge and bought the max number of points. I hope you have an upcoming stay in mind because the longer you hold onto points, the greater the chance of a devaluation.
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