Made an Edit booking today at the Andaz Maui. The base rate for the room was only $15/night more than booking direct with Hyatt. However, pre-paying appears to include the resort fees and I'm assuming I won't get that back even with Hyatt Globalist status which usually waives the resort fee. The $250 credit more than covers the higher cost + resort fee and getting x8 instead of x4 for the rest of the spend also tips the scale even more in favor of using Chase Travel/the Edit. Altogether, between the credit and the extra points, I figure booking this stay with the Edit was $300 less than booking direct.

I was also able to confirm with my Hyatt concierge that the rate was eligible to earn EQN and points with Hyatt.

I think in many cases the higher Edit cost vs booking direct is going to nullify the $250 credit, but if you're paying cash, the extra 4 points per dollar for booking through Chase Travel might make up for it.