Those with a taste for luxury will enjoy the metal Chase Hyatt credit card. Though Hyatt may not offer as many properties as the competitors, they tend to be nicer. Plus, this card is one of the most lucrative hotel cards on the market. Though its $75 annual fee isn’t waived for the first year, that may be to offset the stellar sign up bonus.
After spending just $1,000 in the first three months, you will receive a credit for two free nights at any Hyatt location. That’s right — any of them. (If you already have Platinum status when applying, you’ll get two free nights and two suite upgrades. If you already have Diamond when applying, you get two free nights in a suite.) This bonus only takes up to 10 days to post, which is pretty low. Beware: if the account closes in the first three months, your free nights will be deducted from your Gold Passport account.
Then, every year after you renew the Chase Hyatt card, you will receive a credit for one free night at a category 1-4 hotel. This one takes 4 to 6 weeks to post. All free nights are only good for one standard room (aside from the bonuses for existing Platinum/Diamond members) and must be redeemed within one year after being issued.
You also earn Gold Passport points for making purchases at the rate of 1 pointper $1 spent, with 2x points for restaurants, airline tickets, and car rentals, and 3x points for stays at Hyatt properties. (That’s in addition to the 5 points you get from the Passport program.) There’s no limit on your Passport points, and wonderfully, they never expire! Between that and the anniversary certificate, this card is worth hanging on to despite its annual fee.
Gold Passport points are worth about 1.5 cents each, depending on when and where you redeem them. You need to have at least 5,000 points in order to redeem. The range runs from 5,000 points for one night in a standard room at a category 1 property, all the way to 22,000 points for the same deal at a category 6.
You, but not your authorized user, get complimentary Platinum membership for as long as you’re a Chase Hyatt cardmember. Platinum benefits include a 15% point bonus on eligible spends, free in-room Internet, 2:00 p.m. late check-out, a 72-hour room guarantee, upgrades based on availability, and more.
The Chase Hyatt card also gives you a fast track to Diamond status. Spend $20,000 in a calendar year and receive 2 stay credit and 5 night credits. Spend $40,000 in a calendary year and receive an additional 3 stay credits and 5 night credits. After you reach either 25 stays or 50 nights in a calendar year, you’ll get Diamond status. Be aware, these Diamond credits can take up to 2-3 weeks to post and are not valid for award travel.
If you do reach coveted Diamond status, you will enjoy a 30% point bonus on eligible spends, four suite upgrades per year on paid room nights, a 48-hour room guarantee, 4:00 p.m. late checkout, and guaranteed best room available upon arrival (except suites). You also receive exclusive access to Reagency Club or Grand Club lounges, which serve breakfast and evening hors d’oeuvres. And at those places without a lounge, you still get breakfast — which can prove quite valuable when traveling in Europe.
Happily, the Chase Hyatt credit card comes with no foreign transaction fee. Plus, as a chip and signature card, it will be accepted at many places where magnetic-stripe-only cards are not, and offers extra security.
Not to mention that this is a Visa Signature card we’re talking about. Visa Signature benefits include solid protections for your purchases as well as many travel-minded perks such as lost luggage reimbursement, travel accident insurance, trip cancellation insurance, and 24/7 concierge service that can provide referrals, translations, etc.
The Bottom Line
Any Hyatt diehard should get this card. The sign up bonus is killer, since those free nights can be redeemed at any hotel — for Hyatt, that can get pretty darn rewarding. Plus, you get Platinum benefits that guarantee you availability, late check-out, and Internet access.