Hyatt is running their annual point rebate promotion where if you are a Hyatt credit card holder, you will receive a 10% rebate on all points redeemed for stays between August 1-September 30, 2018. This is a great opportunity to ultimately spend less points for an upcoming hotel stay, just remember to register for the promotion in advance by August 31, 2018. You can learn more about the promotion here. One of the great things about this promotion, is that ALL redeemed points during this time period count – this includes using your points for a free night award, cash + points, upgrades, dining, spa, etc.
I am looking to take my family on vacation to the Grand Hyatt Baha Mar this Fall and rates are ridiculously low where I can stay four nights at $169/night (after the 4th night free promotion taken into consideration). Yes, we are risking it with rainy/hurricane season, but I am willing to take the chance since it works out best with my daughters school schedule. I also booked my flights on Southwest and can easily cancel my flights with no fee since I used points (one of my favorite perks of Southwest!). My kids are now 5 and 2 and while we should be able to easily sleep in one hotel room now, my son is still an awful sleeper! In my ideal world, especially on vacation, I like to keep my kids in separate sleeping spaces – while having 1 kid awake in the middle of the night isn’t fun, having 2 kids awake is even worse! Paying for a suite though gets expensive and is more then double the price of a regular room – although I could look into getting two connecting rooms if they have.
Due to the low rates during this off-peak time, using points is significantly lower then how I value my points and not a rate where I’d redeem at. I’d rather save my points for a future time and just pay for this four night stay. A regular room would cost 20,000 points a night and a suite would cost 32,000 points a night. I need to get at least 2 cents per point when I redeem!
The best option is paying the $169/night, and then using 5,000 points a night to upgrade to the suite. This means for 5,000 points, I am getting about $200 in value (including the taxes I do not have to pay), which is absolutely a rate I’d redeem at and well worth it! And on top of it, I’ll get a 10% rebate back on my 20,000 points redeemed over the course of the four nights. For families that travel during off peak times and are able to snag a cheap rate, definitely consider using your points for an upgrade at a fixed 5,000 points a night, especially at a high end resort where the cost to redeem your points is significantly more.
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That doesn’t maximize the 10% back, paying in all points would. They way you did it just gives you the best overall value.