Chase has a new offer for fresh applicants of the Hyatt Visa Card who apply by 9/30/21 and are then eligible to receive 2 Tier-Qualifying Night credits for each night stayed until 12/31/21.
With the halved qualification requirements for the World of Hyatt program it’s already quite easy to achieve Globalist with 30 nights during 2021 but using the offer this card comes with cuts it in half yet again.
The bad news straight up: Existing cardholders are not eligible for this campaign, this is for new sign ups only so if you already have the Hyatt card this offer is unfortunately out of reach.
This offer is a combination of a traditional sign up bonus with up to 60,000 Hyatt points (30,000 after spending the first $3000 and then another max 30,000 by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.
A rather high threshold if you ask me and not really attractive considering the massive amount of spend required – $18,000 – to get the full 60,000 points.
This is the offer you can find of the Chase website or after completing a Hyatt reservation:
Usually when you use the offer that pops up after making a Hyatt reservation it comes with a one time statement credit as well, usually $50.
The card also has a standard 5 Elite Qualifying nights credited to the Hyatt account a few days/weeks after account opening plus 2 additional nights per each $5000 spent on the card. After $15,000 spent with the card the member will also receive a Cat 1-4 Free Night certificate.
Lets assume someone who hasn’t collected any Hyatt nights yet would like to obtain Globalist from scratch which requires a total of 30 nights this year:
- Apply for the card and get 5 nights straight away
- Complete the minimum spend (and a little more) to at least get your first 30k points – another 2 nights
- Stay 12 nights until the end of the year (counting double) and you end up at 31 nights – Globalist!
Why is this offer out there at this point and why only for new credit card sign ups?
Chase is likely suffering from a lack of sign ups for these co-branded travel cards and as such is trying to negotiate new features with the travel partners to make it more attractive for new customers to sign up.
Typically this works through high points offers as we’ve seen for several other cards in the market such as 150,000 Membership Rewards for new Amex Platinum cards (targeted). Chase & Hyatt seem to go the way of luring potential customer by the possibility of easy Globalist status although this isn’t mentioned anywhere in the offer.
With Chase you are eligible to receive the card bonus again provided you didn’t get in within the last 24 months and you can’t have the card right now. Let’s say you had it before but cancelled in the past then you could certainly try and apply again.
Let’s not forget we already have late August now and Hyatt already had a general double elite night campaign for all registered members in early spring of 2021. I’m almost convinced they will run another promotion of similar nature in the fall but of course there is no way to know.
Hyatt and Chase bundled a new offer for new Hyatt Visa Card applicants pairing a points bonus with double elite qualifying nights until the end of the year.
The spend threshold to receive the whole 60,000 points is extremely high and probably out of reach for most normal consumers but the $3000/30k for the first portion is doable. Even with the double elite nights I find this offer rather poor considering how difficult it is to get the full sign up bonus.