Originally Posted by WasKnown

You are paying an opportunity cost by pre-purchasing points. There are many lucrative opportunities to invest cash and grow that capital. 2020 and 2021 were some of the most financially lucrative years for many people. Conversely, Hyatt points are a currency that cannot be invested and will only inflate over time.

Furthermore, you should factor in the opportunity cost of what points you would have earned on cash bookings. For example, spending 10K points for a $200 room is not a 2 cents / point redemption. For a Globalist with a WoH card, it would be around a 1.6 cent / point redemption.

Finally, WoH points are some of the easiest to acquire (relative to value) given the powerful UR 1:1 transfer.

With all of this being said, pre-purchasing Hyatt points is not strictly terrible (it’s silly to do so right now was we do not fully understand this upcoming peak pricing devaluation). However, most people would probably be better off investing their money into equities/RE/whatever and buying/earning points as needed rather than “investing” in pre purchased points. The limited time promos are not as limited or necessary as most people think.

TL;DR Invest *with* money into things even as simple as broad index funds and the value grows over time. Invest in points and the value will continuously and arbitrarily decrease over time.