Milestone Rewards

Old Apr 13, 19, 3:24 pm
  #226  
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Originally Posted by iflyjetz
Hyatt may value them at 2CPP, but the overwhelming verdict among those reaching the milestone is the GC so program members value them below 2CPP.

But Hyatt doesn't really value them at 2CPP because they will also give you 10K points for a FIND experience at the 40 night milestone, so one could also argue that Hyatt values the points at 1CPP. And it has already been pointed out that Hyatt will sell you points at 1.7 CPP during promos.
I'd say it is No and No.

To me 5,000 points or $100 GC are about the same. So 2 cpps is right there. I'd probably prefer GC since I can always earn more points and some of the cash rates CAN be cheaper than reward nights. I've scored room rate cheaper than $100 at Hyatt Regency Phoenix and Hyatt Place Lake Powell, both costing 12,000 points.

I find FIND stuff is worth $0 to me....
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Old Apr 23, 19, 1:00 am
  #227  
 
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Still haven't gotten the 2 upgrade certs at 80,000 points, after having flagged that like a month ago. The initial explanation by the Hyatt representative was that I didn't have the required number of nights. When I sent her the T&C stating that at 80k points you should also get it, I was told she would look into it. That was probably a couple of weeks ago or so. Seems to me like the initial plan was to make it dependent only on nights, and that is what the IT programmed. Now they don't know how to deal with it when someone gets the points first.

Not that it matters too much to me personally right now, as I am not traveling for a couple of months and haven't even used any of the original 4 upgrade certs.
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Old Apr 23, 19, 4:15 pm
  #228  
 
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Originally Posted by RedSun
I'd say it is No and No.

To me 5,000 points or $100 GC are about the same. So 2 cpps is right there. I'd probably prefer GC since I can always earn more points and some of the cash rates CAN be cheaper than reward nights. I've scored room rate cheaper than $100 at Hyatt Regency Phoenix and Hyatt Place Lake Powell, both costing 12,000 points.

I find FIND stuff is worth $0 to me....
I thought about this a while before making my choice, but I figure if the room is <$100, I'll go ahead and pay cash. OTOH It's sure nice to have the points when the hotels are all well above $100. So the points are worth less than 2, but there are some outsized point redemptions out there.

PHX and Lake Powell are only going to be <$100 in the off season. Most of the year, both those hotels are way above $100, but the points stay the same.
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Old Apr 23, 19, 4:33 pm
  #229  
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Originally Posted by jn in ca
I thought about this a while before making my choice, but I figure if the room is <$100, I'll go ahead and pay cash. OTOH It's sure nice to have the points when the hotels are all well above $100. So the points are worth less than 2, but there are some outsized point redemptions out there.

PHX and Lake Powell are only going to be <$100 in the off season. Most of the year, both those hotels are way above $100, but the points stay the same.
It is not really just which is cheaper, point or cash. Sometimes you can find good rate at cheap, <$100. Sometimes, you can redeem 15,000 for $380 room. Since I value Hyatt points at about 2 cpps and I get points and short of cash, so I pick GC instead.
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Old Apr 23, 19, 5:15 pm
  #230  
 
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Originally Posted by RedSun
It is not really just which is cheaper, point or cash. Sometimes you can find good rate at cheap, <$100. Sometimes, you can redeem 15,000 for $380 room. Since I value Hyatt points at about 2 cpps and I get points and short of cash, so I pick GC instead.
That is something novices overlook when figuring point redemptions: Some people end up points rich or points poor, so the silly valuations people like TPG put on the points are really useless for the rest of us.
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Old Apr 24, 19, 9:29 am
  #231  
 
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Originally Posted by jn in ca
That is something novices overlook when figuring point redemptions: Some people end up points rich or points poor, so the silly valuations people like TPG put on the points are really useless for the rest of us.
So by that logic, someone who travels all of the time for business and has a ton of points; earning many more than burning - should value points at 0.1 CPP? No, points have a set value. The fact that one can at times exchange them for more than they're valued at is another story.
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Old Apr 24, 19, 11:00 am
  #232  
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"Points have a set value"? No, they don't.
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Old Apr 24, 19, 11:58 am
  #233  
 
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Originally Posted by iflyjetz
So by that logic, someone who travels all of the time for business and has a ton of points; earning many more than burning - should value points at 0.1 CPP?
Well, yes. Points that you don't use are worth 0. Therefore, points that you can't use are worth 0.

Most things are valued by what you can buy or sell them for: "Fair market value". But points and miles are generally non-transferable (Hyatt points are transferable, but you're not supposed to sell or trade them -- for the sake of this argument let's assume that you play by the rules). So, the only value of the points is the value you get from redeeming them. If you can't redeem them then the points in your account are worthless. The fact that they might have value to someone else is not relevant because you can't sell them.

In practice this means that if you earn points significantly faster than you can burn them, the "extra"points you earn (over and above what you can burn) become worthless. The way to maximize value is to lower your threshold for burning (ie, burn at a lower valuation) so that you burn more and your earn and burn rates more or less match. It's worthwhile to maintain some sort of balance (so you can take advantage of good opportunities that come up, and also because your earn rate might drop in the future due to changing circumstances) but given that redemption rates can be unilaterally changed with little or no notice, I don't see much value in stockpiling more points than you can burn in about a year.
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Old Jun 2, 19, 11:40 pm
  #234  
 
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Never selected my milestone reward

Was looking for email and found a Hyatt milestone reward for 70 nites that I had to choose but expired over a month ago. Can't believe I missed this and was only 1 email.

Called Hyatt they offered one time exception and offered me 10k points

Last edited by shaker58; Jun 3, 19 at 11:57 pm
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Old Jul 5, 19, 5:11 pm
  #235  
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With my last stay I passed 2 milestones. Got the 2 TSU @ 80k base points and now need to decide between 100$ GC, 5k points and FIND experience savings @ the 65k milestone. The latter is of no interest/value to me, so need to decide between the other 2.

there are a couple of posts on the value of GC vs 5K points... but I still don‘t get why someone would pick the GC.

I see it this way: 100$ GC means no WOH points to earn, whereas 5k points means I would have had to spend 1k$ to earn them. In my view picking the 5k points is a no-brainer.


Originally Posted by jasonvr
Hit my 40 nights this week. Got the email today and selected my $100 GC. Got an instant email with the GC link. Heading to Royal Palms in Phoenix this weekend (pts+expiring Cat1-7). Might use the GC to cover incidentals like brunch on Sunday (if it isn't covered as my Globalist breakfast). Otherwise it will get used for incidentals and meals at the Andaz Papgayo this summer.
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Old Jul 5, 19, 5:45 pm
  #236  
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Originally Posted by 59Impala
there are a couple of posts on the value of GC vs 5K points... but I still don‘t get why someone would pick the GC.

I see it this way: 100$ GC means no WOH points to earn, whereas 5k points means I would have had to spend 1k$ to earn them. In my view picking the 5k points is a no-brainer.
The degree of acquisition difficulty is irrelevant. All that matters is the value you'll get from one vs. the other.

Most of the 5,000-point Hyatts I run across are in the $75/night range.
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Old Jul 5, 19, 7:56 pm
  #237  
 
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Originally Posted by 59Impala
With my last stay I passed 2 milestones. Got the 2 TSU @ 80k base points and now need to decide between 100$ GC, 5k points and FIND experience savings @ the 65k milestone. The latter is of no interest/value to me, so need to decide between the other 2.

there are a couple of posts on the value of GC vs 5K points... but I still dont get why someone would pick the GC.

I see it this way: 100$ GC means no WOH points to earn, whereas 5k points means I would have had to spend 1k$ to earn them. In my view picking the 5k points is a no-brainer.
I'm flush with points due to business stays. Got an upcoming points redemption at the Andaz Costa Rica and the GC lets me pay for incidentals and meals (while earning points on that spending). The GC was a no brainer for me.
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Old Jul 6, 19, 2:01 am
  #238  
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Originally Posted by 59Impala

there are a couple of posts on the value of GC vs 5K points... but I still don‘t get why someone would pick the GC.




Because you can buy 5k points for $85 when the 40% bonus promo rolls around.

Save $100 on a room, use $85 of that to buy back the 5k points. $15 remains in your bank account... You also earn 650 points for spending $100 on a room instead of using points.

Of course there are multiple nuances, but that's the gist of the value proposition for those who can use the GC for a real $100 savings and for those who never max out buying points.
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Old Jul 6, 19, 2:10 am
  #239  
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Originally Posted by craigthemif
Because you can buy 5k points for $85 when the 40% bonus promo rolls around.

Save $100 on a room, use $85 of that to buy back the 5k points. $15 remains in your bank account... You also earn 650 points for spending $100 on a room instead of using points.

Of course there are multiple nuances, but that's the gist of the value proposition for those who can use the GC for a real $100 savings and for those who never max out buying points.
got it👍 Thanks for this.
makes sense, but I never buy points.
so I'm fine with the 5k.
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Old Jul 6, 19, 5:29 pm
  #240  
 
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Its hard for me to value the points at more than what hyatt sells them at, max or no.

That is the buy price.

what I redeem them for is the sell price. There should be a spread between ones buy price and sell price.



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