Originally Posted by Paulchili

As I said above, the annual free night is worth way more than the AF.
The Platinum status, while not great, is nice with free wifi (+a few other benefits). Lots of nice properties around the world and points required to stay are way less than most hotel chains.
I don't have this card but the WIKI states that if you earn 40K miles (for a $20K spend) you get $400 +10%=$440.
If I spend $20K on my Hyatt card I will have at least 20K Hyatt points but as many as 40K or 60K points - depending on where I spend the money. Even at the lowest return (20K points) gives me a value well over $440
As always, YMMV