Expiration Date – July 31, 2015
If you are a Platinum or Diamond Gold Passport member it’s a good time to buy Hyatt Gold Passport rewards points!
Until July 31, 2015, Hyatt is offering a 40% bonus on the purchase of 1,000 or more Gold Passport points, which equates to a cost of 1.7 cents per point. The normal price without a bonus is 2.4 cents per point - so it’s quite a good value!
Within each calendar year Hyatt members can buy or give a maximum of 55,000 Gold Passport points and with a maximum purchase you will enjoy 77,000 points. This 40% 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 - even with a bonus offer?
It only makes good economic sense to purchase Gold Passport points 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.
Keep in mind that we value Hyatt Gold Passport points at 1.8 cents per point, which is the value we would be willing to pay for Gold Passport points if we could buy them for cash. It is also the minimum value we feel you should expect before redeeming your points. To see how TRVLVIP determines the value of a rewards point or mile, see our great Tip: What in The World are my Points and Miles Worth?
We’ve got a great Tip that will walk you through the scenarios so you can make an informed decision: Pros & Cons of Buying and Giving Gold Passport Points.
The Wrap- Up:
We bought points during the last 40% bonus sale to use for a Points + Cash Award redemption that yielded us well above 1.7 cents per point - so it was a good value for us.
And it's a good value for you as long as you plan to purchase Gold Passport points 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.