Chase and Hyatt Hotels Corporation have launched the first Hyatt Business Credit card – – World of Hyatt Business Credit Card. This credit card features an adaptive rewards accelerator that allows cardmembers to earn double World of Hyatt points per quarter on various categories. The price is $199 per year.
I attended the launch event with World of Hyatt and Chase representatives at the Andaz 5th Avenue yesterday morning – and had the opportunity to meet and hear the presentation by Ed Olebe (President of Co-Branded Cards, Chase) and Amy Weinberg (Sen
The World of Hyatt Business Credit Card is now available and has an annual fee of $199. The current sign up bonus is 75,000 Bonus Points after spending $7,500 within the first three months from account opening.
Here are some of the details on how the card works:
- More Bonus Points:
- Adaptive accelerator that rewards cardmembers with 2 Bonus Points per $1 spent for their top three of eight spend categories each calendar quarter through Dec. 31, 2022; and top two of eight spend categories in 2023 and beyond—with no cap on the Bonus Points they can earn
- Spend categories include dining; airline tickets purchased directly with the airline; car rental agencies; local transit and commuting; gas stations; internet, cable and phone services; social media and search engine advertising; and shipping
- Adaptive accelerator that rewards cardmembers with 2 Bonus Points per $1 spent for their top three of eight spend categories each calendar quarter through Dec. 31, 2022; and top two of eight spend categories in 2023 and beyond—with no cap on the Bonus Points they can earn
- 9x Points total on Hyatt stays and experiences – that is based on:
- 4 Bonus Points per $1 spent on the card at Hyatt hotels and resorts, including participating restaurants and spas
- Plus 5 Base Points from Hyatt per eligible $1 spent at Hyatt hotels and resorts as a World of Hyatt member
- 2x Bonus Points for fitness club and gym memberships
- 1 Bonus Point on all other purchases
- More ways to achieve higher status:
- Automatic Discoverist status in World of Hyatt (typically requires 10 Tier-Qualifying Nights or 25,000 Base Points)
- 5 Tier-qualifying night credits with each $10,000 in spend on the card in a calendar year
- With World of Hyatt’s 2021 reduced elite status criteria, World of Hyatt Business Credit cardmembers can earn top tier Globalist status with $60,000 in spend on the card now through Dec. 31, 2021.
- Additional ways to spend and earn:
- Spend $50,000 or more on the card in a calendar year and receive 10% of redeemed points back as Bonus Points for the remainder of the calendar year
- Earn $100 in Hyatt credit each anniversary year: Spend $50 or more at any Hyatt property and earn $50 in statement credits up to two times each anniversary year
- Additional benefits include:
- World of Hyatt Business Credit cardmembers can gift up to 5 Discoverist statuses to their company employees
- No fee for employee business cards
- No foreign transaction fees
- Complimentary roadside dispatch
- Primary rental car collision damage waiver
- Extended warranty protection
- Purchase protection
- Trip cancellation/travel interruption insurance
- Travel and emergency assistance services
- Access to Hyatt Leverage, Hyatt’s global business travel program that offers special rates to qualifying small and mid-sized enterprises at participating Hyatt hotels worldwide
In addition, Cardmembers who apply by Dec. 31, 2021, can receive a complimentary one-year Headspace subscription (valued at $69.99 per year); Headspace subscription must be redeemed by Dec. 31, 2022. In fact, meeting began with a short Headspace meditation.
During the presentation, a lot of emphasis was devoted to (1) the Adaptive accelerator concept, which automatically gives extra points each quarter in the categories where the user spends the most (the top 3 categories the first year, then the top 2 after that), and (2) a user who spends $50,000 or more on the card in a calendar year will receive 10% of redeemed points back as Bonus Points for the remainder of the calendar year. The presenters also emphasized that the benefits of this card are cumulative with other promotions offered by World of Hyatt, so the benefits can be even greater than listed above.
Who is the Hyatt Business Card best suited for? I’d say it is best for users who have large spends and who redeem a lot of points for stays. Will you get this card? What are your thoughts?
At the meeting, we were also introduced to the Hyatt Loves Local program, and got to meet four businesses that are participating in it.
We were also treated to breakfast:
If you would like to apply for either the Hyatt Business Card or the Hyatt Personal Card, this is my referral link. Thank you!
A New York frequent flyer who elegantly combines her passions for worldwide travel, running a gazillion marathons all over the globe and staying fit ... without sacrificing her fancy for good wine and food.
The 10% rebate on points is just…weird. I wish there were a way for it to roll from year to year, so that if you spend $50K every year, you get 10% back on every award stay regardless of when in the calendar year you book it. My business won’t hit $50K on this card until at least May, so I’ve got a dead period of Jan-May every year when I wouldn’t want to make award bookings.
it get’s worse. The Bonus is capped at 20K points.
It’s not bad but not great either.
Not bad?? No free annual night like the personal card. And the bonus (one saving grace of the card) is capped at 20k points. This doesn’t sound like it’s worth it.
WRFM – Question. A question with the following:
“Earn $100 in Hyatt credit each anniversary year: Spend $50 or more at any Hyatt property and earn $50 in statement credits up to two times each anniversary year”
So if I get the card now I will get $100 for 2021 and $100 for 2022?
That will at least getting it in 2021 worth it if you get the $100 for this year and 2022 which will at least absorb the annual fee.