Chase and World of Hyatt launched their new credit card offer where you can earn up to 60,000 bonus points. Free Hyatt hotel nights here we come!
- Get 40,000 bonus points after $3k spend in the first 3 months + an extra 20,000 bonus points after $6k total spend within 6 months
- 1 free night every year after your card opening anniversary (category 1-4)
- 1 more free night if you're a big spender and spend $15k during your anniversary year (I generally don't chase these offers as it's not that valuable)
- Elite status: you get Discoverist status
- 5 qualifying nights credit toward your elite status every year and…
- 2 qualifying nights every time you spend $5k
- 9x points per $1 spent at Hyatt, 2x on travel, stuffing your face at restaurants/cafes, and gym memberships, 1x on everything else
- $95 annual fee
What about the 5/24 rule?
In the past, the 5/24 rule did not apply so point collectors like me could get this card. Based on Gary's conversation with Hyatt execs, the rule does not apply, however we should expect that eventually all cards will have this rule. And of course, some people have had all of their Chase credit cards shut down (and some un-shut down), so something to consider before applying for this. I suggest assuming the 5/24 rule applies so if you're over 5/25, I don't recommend applying even though you may get approved.
What can I do with the bonus points?
Quite a lot potentially! 60k bonus points is enough for 12 free nights at the lowest category 1 or 2 free nights at a Category 7 hotels. Here's a link to the award chart (pic is below). If a couple or family member each gets this card… we are talking about some nice free vacations.
What does Discoverist elite status get you?
Usually a credit card gets you the lowest status which doesn't give you a whole lot right? Yes, but here you'll get some nice perks including waived annoying resort fees on free night awards, free bottle of water daily, and 2pm late checkout. This is more generous than most hotel chain's base level of elite status.
Should I apply?
This is a new product vs the Chase Hyatt card from last year. While I could technically apply, I got rejected for a Chase card a new months ago so I will be sitting this one out. While I'm still chasing SPG, err Marriott Platinum for life, I also enjoy staying at Hyatt properties and would be happy to have more Hyatt points. Has you heard of Miraval in Arizona? Love it!
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