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Hyatt credit card holders already have impressive points earning power when they stay at Hyatt properties. Now for a limited time, they can earn a $50 statement credit, too, by spending at least $300 with Hyatt Place or Hyatt House.

Like many hotel promotions, this one requires World of Hyatt members to register before they start making qualifying purchases. The promotion runs from Oct. 1, 2019, to Jan. 5, 2020.

Eligible cardholders

World of Hyatt members with The World Of Hyatt Credit Card or the discontinued Hyatt Credit Card can register for this promotion.

» Learn more: World of Hyatt card review: Lavish benefits, reasonable cost

How to earn the statement credit

  1. Register for the promotion before Nov. 30, 2019.

  2. Spend at least $300 directly at Hyatt Place or Hyatt House hotels in the U.S. or Canada before Jan. 5, 2020.

  3. Receive your $50 statement credit within eight to 10 weeks.

The fine print

  • Buying gift cards, making purchases online or spending through third-party sites does not count toward the spending threshold.

  • You can only earn the $50 statement credit once.

Is this a good deal?

There are more than 380 Hyatt Place and Hyatt House locations in the U.S. and Canada, which may sound like a lot — but once you choose a destination to visit, you might not find a property that's part of this offer.

If you do find a Hyatt Place or Hyatt House that meets your needs, then this deal is pretty sweet for World of Hyatt members, considering holders of The World Of Hyatt Credit Card will earn you 9 points per dollar spent at Hyatt properties on top of the $50 statement credit.

For cardholders, this offer is like spending $250 to get 2,700 points. That’s more than half of the points needed to get a free standard award night at a Category 1 hotel.

» Learn More: Find the best hotel credit card for you

World of Hyatt points are the most valuable in the entire hotel loyalty program ecosystem, according to NerdWallet’s valuations. On average, we found each point is worth 1.7 cents, which is about double the value you’ll get from the second-most-valuable hotel loyalty program currency, Marriott Bonvoy points (NerdWallet found these to be worth about 0.8 cents each on average).

In other words, those 2,700 points you'd earn are worth $46. That, plus the $50 statement credit, means you'd effectively save $96 off that $300 in spending at Hyatt House or Hyatt Place. That's a pretty good deal.

How to Maximize Your Rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2020, including those best for:

Planning a trip? Check out these articles for more inspiration and advice: Find the best travel credit card for you Travel loyalty program reviews Here's how much your points and miles are worth