It's an interesting point. In the past, I had always transferred miles to United. What I seem to love about Hyatt though is the number of hotels from the 5,000 range. I like that you can make a booking anytime and so far all the hotels that I checked all have availability for any day. I'm not sure if that's just because of coronavirus though? If things eventually get back to 'normal' are there usually hotels using Hyatt points that are not available or blacked out dates?

With United, it's getting harder to find good deals for a reasonable amount of miles since they switched to dynamic miles pricing for international partners a few weeks ago. With United you need to pay a $125 cancellation or change fee. Whereas with Hyatt, there doesn't not seem to be any cancellation fees? Just simply cancel bookings 24 hours in advance to get a full refund of points? As far as I can tell without having transferred points yet to Hyatt... That seems to be awesome flexibility with Hyatt and using points, unlike United which is very inflexible with change and cancellation fees. Oh and with United there is also a penalty of 3,000 miles if you want to make a booking within 21 days. Whereas with booking Hyatt hotels there doesn't seem to be any kind of "close-in" penalty or fee. Do I understand that right guys?