I understand what the terms are saying, but it doesn't appear to function that way at least for me. I pulled all of my transactions on the WoH card starting from when I opened it and made a running total. Every time I cross a multiple of 5k, the two TQN are credited to my account at the end of the period (either the 1st or the 2nd of the month). They have never posted mid-cycle. Edit: none of those TQN were ever back-dated to the date of the spend.

I also considered another possibility where I was "credited" at the time of spend but that doesn't make sense either. I'm sitting exactly at 60 nights right now. 2 TQN were from spending in mid-Sep and those posted on 10/1, which got me to 60. Hyatt CSR tells me that I re-qualified in Oct rather than in Sep.

However, my question was more related to the second part regarding the 15k free night. For that one, do you know if it's posted as soon as 15k is met?