Expiration Date – March 7, 2016
It’s a good time to buy Hyatt Gold Passport points! Until March 7, 2016, Hyatt is offering a 30% bonus on the purchase of 5,000 or more Gold Passport points, which equates to a cost of 1.85 cents per point. The normal price without a bonus is 2.40 cents per point - so it’s a decent value.
Each calendar year Hyatt members can buy or give a maximum of 55,000 Gold Passport points (before any bonuses) and with a 30% bonus you have an opportunity to add 71,500 points to your Gold Passport account. This 30% bonus offer only applies to buying points for your own account and does not apply to the purchase of points you intend to give to another member.
Have you ever wondered whether it is a good idea to buy or give Gold Passport points - with or without a bonus offer?
We value Hyatt Gold Passport points at 1.8 cents per point, so with this sale you are purchasing points for slightly more than we think they are worth.
Does a purchase make sense?
Maybe – we don’t suggest buying points speculatively, but rather advise you to purchase only with a specific award stay in mind.
Here is a quick calculation to help you decide:
Find an stay that qualifies for a Free Night Award.
Determine the full price of that stay if you were to pay cash including all taxes and fees.
Divide that amount by the number of Gold Passport points required for the award stay (for Points + Cash award stays, subtract the cash outlay for the stay from the total in #2 before dividing by the points required).
If the value per Gold Passport point exceeds 1.85 cents, you’ve found a good deal and, if not, we don’t suggest you buy the points.
A purchase only makes good economic sense if you plan to redeem those points for a hotel stay where the cash value per point required is more than the price you pay to buy the points.
Special note: To purchase points, you must have a been active in the Gold Passport program in the last 30 days and have a positive account balance. And the points may take up to 48 hours to post and will not count toward Hyatt Gold Passport Elite status.
We don’t suggest you buy points speculatively. Once you decide on the hotel and dates you’d like to stay, simply take the cash price of the stay (base room rate plus taxes) and divide it by the number of points required for the stay. If the value is more than 1.85 cents per point, purchasing points will save you money on your stay.
In order to make an informed decision before buying points, we suggest you review our Tip: The Pros & Cons of Buying and Giving Gold Passport Points. This trvlvip Tip covers several point use scenarios, including buying points for Points + Cash Awards, which tend to be the most lucrative way to use points.
If you can delay your purchase, in the past we’ve seen Hyatt Gold Passport points offered with a bonus of 40%, which allows you to purchase points for 1.7 cents per point. While we aren’t sure if and when a bonus larger than 30% will be offered, it may be worth a wait for the next sale which could be better.
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