Back in April, Hyatt announced an offer where you can receive up to a 40% bonus when purchasing Hyatt points. This is a tiered bonus, so the more points you purchase, the higher the bonus. This promotion is coming to an end on May 23rd so I wanted to point out a real life example on when purchasing points might actually make sense.
- Purchase 5,000-9,000 points receive a 30% bonus
- Purchase 10,000-55,000 points receive a 40% bonus
My in-laws are looking to take my family of four as well as Adam’s brothers and respective families on a beach vacation next Winter. There will be a total of 9 of us and we will need 3 rooms. Of course I promised them I would try to find a deal! They want an all inclusive resort as they like the idea of paying for the vacation upfront and not having to worry about the cost of food along the way. I highly recommended the Hyatt Ziva Cancun to them as we love that resort and it checks all the boxes for what they are looking for. A done-well all inclusive experience without having to pay an extra penny out of pocket, good food, non-stop flight from Boston, close to the airport, great pools, a kids club, etc. Since it is a Hyatt property you can use Hyatt points -25,000 points a night (for 2 adults) which includes the “all-inclusive” piece. While my father-in-law is actively building up his Hyatt balance (via Chase Ultimate Reward points), he most likely will have to pay for some of the nights. Since we are going during peak time the rate is $604/night for two people in the room.
Now, if he were to purchase the points under the current promotion, it will save a ton of money! Let’s assume he needs to purchase enough points for 3 nights, that will require a total of 75,000 points for a grand total of $1,296. That means the per night cost is $432. That is significantly less then the best available rate of $604 – a savings of $172/night or $516 over the three required nights! While we were fully prepared and okay with spending $604/night, bringing the cost down to $432/night is even better! Of course this is really expensive for a regular hotel room, but once you take into consideration that it is all-inclusive it actually isn’t too expensive! We’ve been to this property twice before and it truly is all-inclusive, and very well done!
So this is a reminder that purchasing points can some times be a great deal! If you know of any upcoming plans, I would absolutely look into the option of purchasing points and see if it worth it. However, I would probably steer away from purchasing points without having a redemption destination in mind. The reason for this is, as we all know, categories can change at any time, thus requiring more points.
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You might want to take a look at Club1 hotels. I think there are offers for 1 year free floating around. We’ve booked our last three all-inclusive vacations thru them and saved a bundle. We were able to book the Fairmont Mayakoba all-inclusive for right around $400/night when Fairmont.com was north of $550.
2.4cpp is a great deal. But I think you should calculate the forgone Hyatt points by not buying a rewards earning room, which is about 8 hyatt points per dollar is paying with a 3x rewards chase credit card. The grand total would then be 90k points, or about 2cpp, which is still a15% discount. Congrats.
Have fun in cancun. I want to go again but it seems that it is becoming the new murder capital of mexico