Originally Posted by
VegasGambler
You also earn them at about half the rate. But, yes, there is definitely value in the program.
Up to 55k pts can be bought per year. When they have 40% bonus promos, that raised the cap to 77k a year, and they clock in at 1.7c each. This is a good deal, IMO -- it's easy to find redemptions well over 2c (or even 3c) per point (especially after factoring in the tax and resort/destination fee savings)
Definitely check rates before you book. Currently the HP HNL is going for $180. I certainly would not redeem at 1.5c, unless you have some near-limitless source of Hyatt pts
If you check the
US Travel promotion link I provided above, they're selling them at a rate of 72,000 for $775 which works out to about 1.1 cents per point. In addition, per the terms of the promotion, you can stack up to 4 different sets (24K,30K, 40K and 70K) allowing you to rack up to 166K Hyatt points if you can purchase all four simultaneously. The operative word here is if: Hyatt is only making 120 of the 24K points ($260), 30 of the 40K points ($420), 54 of the 30K points ($330) and 25 of the 72K points ($775) stacks available to purchase. I'm guessing those are attractive rates to purchase Hyatt points, no?
Forgot to ask : I'm guessing I can cancel Hyatt award reservations for free anytime before check in, right? My plan is to buy the points, book the hotel, and then play it by ear. If I find something cheaper, I'll cancel, otherwise I look forward to staying at the Hyatt Place.
-James