My Hyatt Credit Card Conundrum

As I wrote about a few days ago, the sign-up bonus on The Hyatt Credit Card is changing as of Thursday, June 29, 2017.

The sign-up bonus on the card is presently two free nights valid at any Hyatt property in the world after spending $2,000 on purchases within the first three months, plus 5,000 World of Hyatt points after adding an authorized user and having them make their first purchase within that same timeframe. As of June 29, 2017, the Hyatt Card’s new standard sign-up bonus will be 40,000 World of Hyatt bonus points after spending $2,000 on purchases within the first three months.

Redeem your two free nights at the Park Hyatt Maldives

Objectively the current bonus is much better, as Hyatt’s top properties go for 30,000 points per night. So assuming you’re able to redeem your certificates for one of Hyatt’s Category 6 or Category 7 properties, you’ll come out ahead under the current offer.

I also shared seven reasons you should consider applying for The Hyatt Credit Card, especially given that this is one of the few Chase cards not subjected to the 5/24 rule, meaning you can be approved for the card even if you’ve opened more than five new accounts in the past 24 months.

I’ve had The Hyatt Credit Card for years, and continue to hold onto it for the annual free night certificate and additional perks, which more than justify the annual fee, in my opinion.

Ford has never had the card, so was going to sign-up for it, though I’m a bit conflicted about what to do. Like I said, the current bonus is objectively much better, though there’s one slight consideration — I’m a World of Hyatt Globalist member, and he isn’t.

Why does that matter? Because if he redeems the two free night certificates then we won’t get Globalist benefits on the stay. However, if he waits until the new bonus is available, he’d get 40,000 points, could transfer those to me (which Hyatt allows for free), and we could redeem them with Globalist perks.

Redeem your two free nights at the Park Hyatt New York

So I guess the question comes down to whether we’d rather have two Category 7 nights as a non-Globalist, or 40,000 points in a Globalist account. Is anyone else in a similar situation?

However, there’s one other consideration. All we know as of now is that the sign-up bonus is changing as of June 29. I don’t necessarily have a reason to believe anything else is changing, though I also don’t know. Is it possible that some other perk of the card is devalued? Maybe some more restrictions are added to the anniversary free night for new members? I don’t know. I have no inside info here, but there’s something to be said for taking advantage of a certain offer, over waiting for a new offer, and not knowing all the terms associated with it.

Redeem your anniversary free night certificate at the Hyatt Olive 8 Seattle

Bottom line

There are just a couple of days left to take advantage of the excellent sign-up bonus of two free nights upon completing minimum spend on The Hyatt Credit Card. If you haven’t yet gotten the card, I’d seriously consider doing so.

However, I’m curious if anyone is in a similar situation to the one Ford and I are in, trying to decide whether we’re better off going for 40,000 points that can be transferred to a Globalist member, rather than two free nights as a non-Globalist member? I’m thinking we’ll go for the sure bet, especially as long as we know the other perks associated with the card. While I don’t have a reason to believe anything is changing, I also don’t know for sure that it won’t.

Is anyone intentionally waiting until the new offer is out to apply for the card?

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