New Hyatt promo: Earn 30% point bonus with purchase of 5,000 miles or more

Sorry for my lack of posts this past week, I was swamped with my normal day job so have been slacking. There has been quite a bit of news just in the past week alone including a 100,000 point sign up offer for the AMEX Platinum that is open to all, amazing airfares to Europe on multiple airlines which are all but dead by now, Alaska Airlines adding Japan Airlines as a transfer partner, and Wyndham introducing new elite tier benefits just to name a few top headlines. Hopefully you have been keeping up with all the news through other methods.

It appears Hyatt is currently running a promotion for earning bonus points when a purchase of 5,000 or more points are made.

The details of the promotion are as follows:

• Buy 5,000 points | Earn 1,500 bonus points
• Buy 6,000 points | Earn 1,800 bonus points
• Buy 7,000 points | Earn 2,100 bonus points
• Buy 8,000 points | Earn 2,400 bonus points
• Buy 9,000 points | Earn 2,700 bonus points
• Buy 10,000 points | Earn 3,000 bonus points
• Buy 11,000 points | Earn 3,300 bonus points
• Buy 12,000 points | Earn 3,600 bonus points
• Buy 13,000 points | Earn 3,900 bonus points
• Buy 14,000 points | Earn 4,200 bonus points
• Buy 15,000 points | Earn 4,500 bonus points
• Buy 16,000 points | Earn 4,800 bonus points
• Buy 17,000 points | Earn 5,100 bonus points
• Buy 18,000 points | Earn 5,400 bonus points
• Buy 19,000 points | Earn 5,700 bonus points
• Buy 20,000 points | Earn 6,000 bonus points
• Buy 21,000 points | Earn 6,300 bonus points
• Buy 22,000 points | Earn 6,600 bonus points
• Buy 23,000 points | Earn 6,900 bonus points
• Buy 24,000 points | Earn 7,200 bonus points
• Buy 25,000 points | Earn 7,500 bonus points
• Buy 26,000 points | Earn 7,800 bonus points
• Buy 27,000 points | Earn 8,100 bonus points
• Buy 28,000 points | Earn 8,400 bonus points
• Buy 29,000 points | Earn 8,700 bonus points
• Buy 30,000 points | Earn 9,000 bonus points
• Buy 31,000 points | Earn 9,300 bonus points
• Buy 32,000 points | Earn 9,600 bonus points
• Buy 33,000 points | Earn 9,900 bonus points
• Buy 34,000 points | Earn 10,200 bonus points
• Buy 35,000 points | Earn 10,500 bonus points
• Buy 36,000 points | Earn 10,800 bonus points
• Buy 37,000 points | Earn 11,100 bonus points
• Buy 38,000 points | Earn 11,400 bonus points
• Buy 39,000 points | Earn 11,700 bonus points
• Buy 40,000 points | Earn 12,000 bonus points
• Buy 41,000 points | Earn 12,300 bonus points
• Buy 42,000 points | Earn 12,600 bonus points
• Buy 43,000 points | Earn 12,900 bonus points
• Buy 44,000 points | Earn 13,200 bonus points
• Buy 45,000 points | Earn 13,500 bonus points
• Buy 46,000 points | Earn 13,800 bonus points
• Buy 47,000 points | Earn 14,100 bonus points
• Buy 48,000 points | Earn 14,400 bonus points
• Buy 49,000 points | Earn 14,700 bonus points
• Buy 50,000 points | Earn 15,000 bonus points
• Buy 51,000 points | Earn 15,300 bonus points
• Buy 52,000 points | Earn 15,600 bonus points
• Buy 53,000 points | Earn 15,900 bonus points
• Buy 54,000 points | Earn 16,200 bonus points
• Buy 55,000 points | Earn 16,500 bonus points

That means if you max out the promotion and buy the full 55,000 points (the maximum number of points you are allowed to buy in a calendar year) for $1,320 you'll receive an additional 16,500 bonus points for a total of 71,500 points which amounts to a cost of approximately 1.85 cents per point which is pretty close to what most people would value them at (~1.5-1.8 cents). This offer is set to expire at midnight on June 15th, 2016 and just a reminder that these points do not count toward Hyatt Gold Passport elite membership tiers and are also processed by a third party so do not count as direct Hyatt purchases.

Bottom Line

While I am in the group of people that believes you shouldn't buy points speculatively unless you have a specific redemption in mind this deal can make sense in certain circumstances. You are basically buying them for market value which isn't a huge savings but there are definitely instances in which you can get more than 1.85 cents per point in value for award redemptions. And just a reminder, you can always transfer Chase Ultimate Rewards points to Hyatt as an option at a 1:1 ratio.