Chase is freshening up its hotel card portfolio by replacing the old version of The Hyatt Credit Card with a new one. And for devotees of the hotel chain who spend big, this is mostly good news.
The World Of Hyatt Credit Card comes with a higher annual fee of $95 (instead of $75 for the old card), but its richer rewards and benefits make it more compelling as an everyday card — and that’s the point.
“We know from [listening to] our members that being on the road is great and they love to travel, but they want to be rewarded for how they live their daily lives, as well,” says Amy Weinberg, the senior vice president of the World of Hyatt loyalty program. Weinberg notes that the card changes are an extension of the rebranded loyalty program Hyatt launched last year.
The old version of The Hyatt Credit Card is no longer available through NerdWallet. It is no longer taking applications, Chase confirms. However, if you have the old card, you won’t be affected by the launch and have the option of upgrading to the new card.
Key features of The World Of Hyatt Credit Card
The World Of Hyatt Credit Card differs from the old one in three key ways. It has:
- A higher annual fee. The old card had a $75 annual fee; the new card comes with an annual fee of $95. That’s a 27% increase.
- More incentives for big spenders. The World Of Hyatt Credit Card offers more rewards on Hyatt purchases and comes with new bonus categories — such as fitness club and gym memberships and local transit — making it a more valuable everyday card. Big spenders can potentially earn two free anniversary nights (instead of one) and get faster access to Explorist status (the next status available after Discoverist, which comes with the card). The old card granted Discoverist status, but none of those other benefits.
- Fewer ancillary benefits. Unlike the old card, the new card doesn’t offer price and return protection benefits; however, it does come with the other side benefits, such as trip cancellation insurance.
For those who spend plenty, the new version of the card is a boon, particularly because Hyatt points are worth an impressive 2.2 cents on average, based on NerdWallet valuations.
“We really tried to be as relevant as possible to the demographic that is our target, the Hyatt member, and create as much value as we can,” says Leslie Gillin, the president of Chase co-brand cards, of the new card’s benefits.
Here’s a quick rundown of the perks:
- Sign-up bonus: Earn 25,000 Bonus Points after you spend $3,000 on purchases in the first 3 months from account opening. Plus, 25,000 Bonus Points after you spend $6,000 total within 6 months of account opening.. Those 50,000 points are worth 12 free nights at a Category 1 Hyatt hotel, or 2 nights at a Category 7 hotel, for example.
- Annual fee: $95
- Ongoing rewards:
- 4 points per dollar spent on Hyatt hotels and resorts, including participating restaurants and spas. (This is in addition to the 5 points per dollar spent you’d also earn directly through Hyatt when booking stays.)
- 2 points per dollar spent on fitness club and gym memberships; dining at restaurants; local transit and commuting including rideshare services; and airline tickets purchased through the airline.
- 1 point per dollar spent on all other purchases.
- Other benefits:
- One free night each anniversary year at a Category 1-4 Hyatt hotel or resort; you’ll earn an additional free night at a Category 1-4 after spending $15,000 in an anniversary year.
- Automatic Elite status, 5 qualifying night credits every year and 2 qualifying night credits after every $5,000 spent on the card.
- No foreign transaction fees.
Should you upgrade?
If you have the old version of The Hyatt Credit Card, you have the option of requesting an upgrade by phone at any time. For a limited time, Chase says, cardholders who qualify will get a one-time bonus of 2,000 points for making the change. Use the calculator below to see whether making the change is worthwhile for you.
Information related to The Hyatt Credit Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.