It appears, if all the major airlines and hotels are suddenly in the points selling business, based on the number of offers in the past few weeks. Now, it is Hyatt’s turn to offer 30% bonus for buying Gold Passport points.
Offer available for purchases made between January 18 and March 15, 2012 inclusive. Bonus points will be awarded upon completion of individual transactions. Offer only available when points are purchased for the purchaser’s account. Offer not valid for transactions gifting points. Offer may be withdrawn or changed without notice. Offer cannot be combined with any other offer. Only purchases made online are eligible for the promotion.
You can buy maximum 40000 points per year not including the 30% transfer bonus in this case. The points purchase is handled by Points.com, but it really doesn’t make a difference. You would receive 52000 points for $960. The price of a point would be 1.85 cents.
Now, does it make sense to buy these points? In most cases, I would say no. If you don’t have enough Gold Passport points and planning to stay at the soon to be opened Park Hyatt Sydney, quite likely the answer is yes. The Park Hyatt Sydney doesn’t yet participate to Hyatt Stay Certificates, and the daily rates are rather high to say the least, but only 22000 Hyatt Gold Passport points per night.
Two nights for 855 AUD each comes to $1779. You buy the points for $960 and will have 8000 points to spare after the stay. Of course, you have to bear in mind that the paid stay would earn you more than 10000 points, if you are a Diamond member + all other promotional points that Hyatt might be offering during your stay.