Update: Today is the last day to book stays under the current Points+Cash award chart.
The new Chase World of Hyatt credit card is an excellent card and now comes with 60,000 points in additional to annual free nights and promotions. You can read more about the new World of Hyatt card here.
Effective 11/1, Hyatt will gut their points+cash program. Instead of a fixed points+cash rate that allows for some amazing values, it will move to a fixed points rate+variable cash rate that will be 50% of the cost of a standard rate.
The points+cash program is capacity controlled, but it currently offers the opportunity for some great values.
For example a night at the category 6 Park Hyatt Vienna on 6/23/19 costs either:
- 25K Hyatt points (Points can also be transferred from Chase)
- 12.5K points+ €127 ($146) cash.
- €476 ($547) for the member advance purchase rate
- €504 ($579) for the member rate
- €560 ($643) for the standard rate
The 25K points rate is a value of 2.19 cents per point (547/25,000) compared to the member advance purchase rate or a value of 2.32 cents per point (579/25,000) compared to the member rate.
The 12.5K points+cash rate is a value of 3.21 cents per point (547-146/12,500) compared to the member advance purchase rate or a value of 3.46 cents per point (579-146/12,500) compared to the member rate.
Starting on 11/1 the points+cash rate will be 12.5K points plus €280 ($321), which is 50% of the standard rate. That is a value of 1.8 cents per point (547-321/12,500) compared to the member advance purchase rate or a value of 2.06 cents per point (579-321/12,500) compared to the member rate.
In other words while currently the points+cash rate is the better deal in this example, starting on 11/1 the full points rate will be the better deal.
On the plus side, Hyatt is opening up the ability to redeem points for premium suites and they will eliminate the requirement to redeem for at least 3 nights when you want to use points for a suite.
Here is the unified award chart showing the current points+cash option and the new points+cash options starting on 11/1:
|Hotel (Click on category for list of hotels)||Standard Room Award||Current Points+Cash Standard Room||New Points+Cash Standard Room||Suite Night Award||Points+Cash Suites||Premium Suite Night Award||Points+Cash Premium Suites|
|Category 1||5K||2.5K+$50||2.5K+50% of standard room price||8K||4K+50% of suite price||10K||5K+50% of premium suite price|
|Category 2||8K||4K+$55||4K+50% of standard room price||13K||6.5K+50% of suite price||16K||8K+50% of premium suite price|
|Category 3||12K||6K+$75||6K+50% of standard room price||20K||10K+50% of suite price||24K||12K+50% of premium suite price|
|Category 4||15K||7.5K+$100||7.5K+50% of standard room price||24K||12K+50% of suite price||30K||15K+50% of premium suite price|
|Category 5||20K||10K+$125||10K+50% of standard room price||32K||16K+50% of suite price||40K||20K+50% of premium suite price|
|Category 6||25K||12.5K+$150||12.5K+50% of standard room price||40K||20K+50% of suite price||50K||25K+50% of premium suite price|
|Category 7||30K||15K+$300||15K+50% of standard room price||48K||24K+50% of suite price||60K||30K+50% of premium suite price|
Hyatt remains an excellent value for hotel award nights, but the cash+points devaluation does sting. Overall the program is much stronger than its competition which has devalued more than it has. Hyatt is helped by a strong points currency and the ability to rack up between 1.5-5 points per dollar with Chase Ultimate Rewards cards.
You can signup for the Chase World of Hyatt credit card and get enough signup bonus points for 2 free nights at any Hyatt hotel or 1 free night in a premium suite at any Hyatt hotel.
Where will you book cash+points awards before 11/1?