I signed up and just got my first statement... and belatedly read that the bonus points apparently all hit at the 12 month mark, not each month. I can live with this but will have to delay gratification for some Hyatt transfers. For people (like me) who didn't read closely, just be aware that you apparently get a lump sum point accrual after 12 months. I can only hope that they have me down as qualifying for the bonus... don't want to fight it out after a year.