[GONE] Costco selling Hyatt Check Certificates (Not Applicable to Pre-paid Rates)
Dec 9, 2009, 8:30 pm
#106
Join Date: Jul 2009
Location: OKC (Oklahoma City), Oklahoma
Programs: Marriott Gold; IHG Platinum; Insomnia Cookies
Posts: 514
The Louisville Costco has the certificates - I got them tonight. I will be happy to use some this weekend in San Diego. Thanks, flyertalk folks!
Dec 9, 2009, 9:26 pm
#107
Join Date: Feb 2000
Location: USA; UA-1K; Hyatt Diamond, SPG Platinum
Posts: 1,729
I'm always on the lookout for things like this at Costco. Last year we bought the heck out of the $100 Starbucks cards for $80.
I rarely see these deals outside of the December holiday period, so get 'em while they're out there!
I rarely see these deals outside of the December holiday period, so get 'em while they're out there!
Dec 9, 2009, 9:28 pm
#108
Original Member and FlyerTalk Evangelist
Join Date: May 1998
Location: Kansas City, MO, USA
Programs: DL PM/MM, AA ExPlat, Hyatt Glob, HH Dia, National ECE, Hertz PC
Posts: 16,579
Ok. This is what I figured out.
Let's say as a diamond, I spend at least $2500 a year at Hyatt worldwide ( 25 nights) .
With a 5% annual discount rate, 5% - in 1 year; 10.25% - in 2 years; 15.76%- in 3 years
I should buy at least $2500 *3 = $7500 of this and save (NPV):
1st year $500- 2500*5%= $375
2nd year $500-$2500*10.25% = $244
3rd year $500-$2500*15.76%=$106
Total: $725
Let's say as a diamond, I spend at least $2500 a year at Hyatt worldwide ( 25 nights) .
With a 5% annual discount rate, 5% - in 1 year; 10.25% - in 2 years; 15.76%- in 3 years
I should buy at least $2500 *3 = $7500 of this and save (NPV):
1st year $500- 2500*5%= $375
2nd year $500-$2500*10.25% = $244
3rd year $500-$2500*15.76%=$106
Total: $725
His calculations assume you receive the benefit in year 1 at the end of the year and each subsequent year one year after that, a more appropriate way to approach it would be that the year 1 benefit occurs throughout the year and for simplicity we'll assume it averages out to six months (we won't try and compound monthly, though I wouldn't penalize someone's grade who wants to), so the sebsequent years would then be one year after that first six month period, so the benefit would be more like $500 - $2500 * 2.5% = $437.50, year 2 being $500 - $2500 * 7.63% = $309.38, and year 3 being $500 - $2500 * 13.01% = $174.84.
Good work none-the-less Jimmy, nothing wrong with a B.
Dec 9, 2009, 10:27 pm
#109
Join Date: Nov 2002
Location: SEA
Programs: SPG Lifetime PP ; Hyatt Globalist ; Nexus
Posts: 950
Thank you for your grading. I thought about averaging the rate by half but again the discount rate is subjective. Also, people already thought I'm in finace which I never want to be in. So I'm happy with a B. 
If I were grading Jimmy I'd give him a B for that work.
His calculations assume you receive the benefit in year 1 at the end of the year and each subsequent year one year after that, a more appropriate way to approach it would be that the year 1 benefit occurs throughout the year and for simplicity we'll assume it averages out to six months (we won't try and compound monthly, though I wouldn't penalize someone's grade who wants to), so the sebsequent years would then be one year after that first six month period, so the benefit would be more like $500 - $2500 * 2.5% = $437.50, year 2 being $500 - $2500 * 7.63% = $309.38, and year 3 being $500 - $2500 * 13.01% = $174.84.
Good work none-the-less Jimmy, nothing wrong with a B.
His calculations assume you receive the benefit in year 1 at the end of the year and each subsequent year one year after that, a more appropriate way to approach it would be that the year 1 benefit occurs throughout the year and for simplicity we'll assume it averages out to six months (we won't try and compound monthly, though I wouldn't penalize someone's grade who wants to), so the sebsequent years would then be one year after that first six month period, so the benefit would be more like $500 - $2500 * 2.5% = $437.50, year 2 being $500 - $2500 * 7.63% = $309.38, and year 3 being $500 - $2500 * 13.01% = $174.84.
Good work none-the-less Jimmy, nothing wrong with a B.
Dec 9, 2009, 10:31 pm
#110
Join Date: Nov 2002
Location: SEA
Programs: SPG Lifetime PP ; Hyatt Globalist ; Nexus
Posts: 950
Do you guys think the certs would be good for payment of everything charged to your room? Let's say I ask concierge to buy concert tickets and flowers for me I know it should be good for room charge and incidental like F&B ,movie ,and spa.
I know it should be good for room charge and incidental like F&B ,movie ,and spa.
Dec 10, 2009, 5:45 am
#111
Join Date: May 2008
Location: New Jersey
Programs: UA GS 1.7MM, Hyatt Lifetime Glob, Marriott Titanium/Lifetime Platinum
Posts: 1,272
Dec 10, 2009, 7:22 am
#112
Moderator: GLBT Travelers & Hyatt Gold Passport
Join Date: Jan 2000
Location: CVG
Posts: 15,300
I'm sure you would be able to use the certs on F&B on an award stay. I'm not sure what the currency is in Aruba but having hotels convert currency is often very expensive (although less than 20% most likely).
Dec 10, 2009, 10:23 am
#113
Moderator: Mileage Run, InterContinental Hotels
Join Date: May 2004
Posts: 5,918
We have used Hyatt certs at various properties and were able to pay for everything we charged to the room, including food, drinks, spa services, and even activities booked through the hotel concierge. Payment with certs only works for items charged to the room, so if you can't charge an activity to the room, then you won't be able to get the 20% discount.
Dec 10, 2009, 11:42 am
#114
Join Date: Mar 2000
Posts: 5,651
Can you think of good reasons not to buy / use these?
Dec 10, 2009, 12:10 pm
#115
Join Date: Oct 2004
Location: Clinging to the edifices of a decadent past from the biggest city in America nobody really cares about.
Programs: (ಠ_ಠ)
Posts: 9,077
I would not buy them to use as kindling or for shredder fodder.
But beyond that it's really up to you. Costco affords a generous return policy so even if you don't get around to using all of them, you can still return them for a complete refund.
Not quite sure how you can loose on this one, short of actually loosing the sheets.
But beyond that it's really up to you. Costco affords a generous return policy so even if you don't get around to using all of them, you can still return them for a complete refund.
Not quite sure how you can loose on this one, short of actually loosing the sheets.
Dec 10, 2009, 12:44 pm
#116
Join Date: Sep 2009
Location: Austin TX
Programs: HH Dia, Hyatt Plat
Posts: 442
How is the cert reflected on the bill?
How are these certs reflected on the final bill? Are they shown as partial payment for the charges or do they just show as a redution in the rate charged?
I'll be traveling for business and need the full room rate to show for the expense reports.
I'll be traveling for business and need the full room rate to show for the expense reports.
Dec 10, 2009, 12:45 pm
#117
FlyerTalk Evangelist, Ambassador: World of Hyatt
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Globalist, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 46,919
They show as a payment against the charges on the bill.
Dec 10, 2009, 2:01 pm
#118
Join Date: Nov 2008
Location: CA, US
Programs: UA IK, HGP Diamond, AA, KF, Hhonnors Gold, Carlson Gold, PC Plat, Accor Gold
Posts: 51
Gift Card or Check or ?
Hi All,
I am just wondering if you know whether this certificates is a gift card or a check. It seems based on the link below, Gift card and check can be used on most all Hyatt property in US and Canada. Gift card certificate does not seems to be widely available in ASIA PACIFIC property.
https://www.certificates.hyatt.com/w...lidhotels.aspx
If any of you have the certificates handy, can you help to check?
Thanks
I am just wondering if you know whether this certificates is a gift card or a check. It seems based on the link below, Gift card and check can be used on most all Hyatt property in US and Canada. Gift card certificate does not seems to be widely available in ASIA PACIFIC property.
https://www.certificates.hyatt.com/w...lidhotels.aspx
If any of you have the certificates handy, can you help to check?
Thanks
Dec 10, 2009, 2:34 pm
#119
Join Date: Jan 2002
Location: DTW
Programs: Platinum: Delta, Starwood, Priority Club. Hyatt-Diamond, TA
Posts: 939
Dec 10, 2009, 2:34 pm
#120
Join Date: Sep 2001
Location: SFO
Programs: UA1k3.00mm;AAex-EXP;Hy Glob;Acc Plt;HH Dia;Onyx Plt;Mar LT Tit;IHG DiAm;RR P;RRA G;BW D;Hcom G
Posts: 2,763
They are checks.
Be careful abroad to ask about the exchange rate used before you use them at check-out.
Be careful abroad to ask about the exchange rate used before you use them at check-out.