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I was reading through my facebook feed and stumbled across a newbie in the miles and points game that was looking for places to stay in Costa Rica for little cash.

 

My first thought is always points – so I recommended the Chase Hyatt Visa credit card which is currently [August 2018] offering 60,000 Hyatt points after spending $6000 in six months.  These 66,000 points could be used at the category 4 Andaz Papagayo which is an amazing resort on the beach in Costa Rica.  And she mentions ‘we’ so her partner/spouse/friend could also sign up for it to make the stay 8 nights.

 

 

If she feels more comfortable with a $5000 spending requirement in a shorter period of time (3 months vs 6 months), she could also signup for the Chase Ink Preferred Business card which offers 80,000 Chase Ultimate Reward points after spending $5000 in three months.  After meeting the spending requirement, she could then transfer those 85,000 Ultimate Reward points to Hyatt which would get her a 5 night stay.

 


The above Facebook post got my thinking why I love and continue to keep the Chase Hyatt Visa year after year even with it’s $95/year fee:

1. Sign-Up Bonus

60,000 points is even better than the previous two free nights at any Hyatt sign up bonus.  Since the highest category Hyatt costs 30,000 per night – you are essentially getting at least two free nights at any Hyatt.

Or you can stretch the 60,000 points to twelve nights at a 5,000 point Category 1 Hyatt – there is much more flexibility with points instead of free night certificates.

Unfortunately when I signed up when the offer was for the free night certificates.  But don’t feel bad for me, I  used my two free nights at the Category 7 Park Hyatt New York which was going for $1267/night in December 2016.  My wife used her two nights at the Park Hyatt Maldives which was close to $1500/night in January 2017.

With the current 60,000 point offer, you can get 4 nights at the Andaz Papagoya.  When the FrequentMiler went this past Christmas, rooms were running almost $1500/night, and he paid 15,000 points only.  So it is possible to get $6000 value ($1500 x 4) from this one credit card sign up bonus.

2. Annual Free Night Certificate

The Chase Hyatt Visa also comes with a free annual night at any Category 1-4.  The Andaz Papagoya mentioned above is a category 4 so you can use the annual free night there if you wanted to.  I usually use my free annual night at Dewey beach, where the Hyatt Place usually runs $500/night.  The value I get out of the annual free night is well worth the card’s $95 annual fee.

Hyatt Place Dewey Beach

3. Promotions

The last reason I continue to keep the Chase Hyatt Visa is for the ongoing promotions which saved me some serious cash which easily covers the $95/year fee.  A few of the more recent ones include:

  • Currently cardmembers can receive back 10% points for stays in August & September 2018 (must register here)
  • Earlier this year there was a $30 statement credit for spending $300 at grocery stores
  • In the summer of 2017, if you registered for the promotion, you would receive 10% of your points back on stays between June 1st and September 5th.  I was able to get back 12,900 points.  Hyatt points are worth at least 1.5¢ each, so that’s like an extra $193.
  • Also last summer there was a $20 statement credit when spending $50 at Whole Foods – it was easy enough to buy a $50 gift card to get $20 back.

 

Don’t have the Chase Hyatt Visa yet?  What are you waiting for – APPLY NOW! (my referral link – thanks if you use)

 

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