The bottom line:
This business credit card is a good fit for business owners who frequent Hyatt hotels enough to use the benefits of elite status and accelerated earning opportunities. Business owners who don't fit this profile might do better with a card that earns more diversified rewards.
Pros & Cons
- New cardholder bonus offer
- High rewards rate
- No foreign transaction fees
- Automatic elite status
- Requires good/excellent credit
- Has annual fee
- No intro APR
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Hotel chain Hyatt launched its first co-branded business credit card in October 2021: the World of Hyatt Business Credit Card, a Chase Visa Signature product.
This card is a good fit for business owners who favor Hyatt hotels and value World of Hyatt points and elite benefits.
World of Hyatt Business Credit Card: Basics
Card type: Small business.
Annual fee: $199.
Welcome offer: 75,000 Bonus Points after you spend $7,500 on purchases in your first 3 months from account opening.
9 points total per $1 spent at Hyatt: 4 bonus points per $1 when you use your card at Hyatt hotels and 5 base points per $1 from Hyatt as a World of Hyatt member.
2 bonus points per $1 spent in your top three spend categories each quarter through Dec. 31, 2022, then your top two categories each quarter.
2 bonus points per $1 spent on fitness club and gym memberships.
1 bonus point per $1 spent on all other purchases.
APR: The ongoing APR is 15.99%-22.99% Variable APR (not waived for the first year).
Foreign transaction fee: None.
Up to $100 in Hyatt statement credits. Spend $50 or more at any Hyatt property and earn $50 statement credits up to two times each anniversary year.
Five tier-qualifying night credits toward status and Milestone rewards for every $10,000 you spend in a calendar year.
World of Hyatt Discoverist status for as long as your account is open. Plus, Discoverist status for up to five employees.
After spending $50,000 or more on the card in a calendar year, cardholders receive 10% of redeemed points back as bonus points for the remainder of the calendar year, up to 20,000 bonus points per year.
Cardholders who apply for the card by Dec. 31, 2021, will receive a complimentary one-year subscription for meditation app Headspace, worth $69.99 per year. The subscription credit must be redeemed by Dec. 31, 2022.
Why you might want the World of Hyatt Business Credit Card
Valuable welcome bonus
The World of Hyatt Business Credit Card comes with a sign-up bonus of 75,000 points for new cardholders who spend $7,500 in purchases within their first three months of card ownership.
NerdWallet values World of Hyatt points at 1.9 cents apiece, so your new World of Hyatt point stash would be worth $1,425. And Hyatt’s Category 1 hotel nights start at 5,000 points per night, so your sign-up bonus could be worth up to 15 free hotel nights.
Additional rewards and benefits for spending with Hyatt
This is a co-branded credit card, so your highest earning rate per dollar will come from Hyatt-related purchases. You’ll earn 4 points per dollar on purchases made at Hyatt properties, including associated restaurants and spas. Members of the World of Hyatt loyalty program earn an additional 5 points per dollar on hotel bookings, so a cardholder can potentially earn 9 points per dollar spent on Hyatt purchases.
The credit card also gives you automatic World of Hyatt Discoverist elite status and allows you to gift Discoverist status to five recipients of your choice. You’ll also earn five elite night credits for each $10,000 that you spend on the card per calendar year.
Cardholders also receive up to $100 in statement credits each anniversary year; have access to the Hyatt Leverage program for discounted business travel rates; and have the potential to earn a 10% rebate on redeemed Hyatt points for meeting a $50,000 spend each calendar year.
Double rewards on your top shopping categories
Most credit cards establish your bonus categories for you, including the personal version of this business card. With the World of Hyatt Business Credit Card, you automatically earn 2 points per dollar on your top spending categories each quarter:
Flights purchased directly through the airline.
Rental car agencies.
Local transportation and commuting.
Internet, cable and phone services.
Social media and search engine advertising.
Cardholders will earn double rewards on their top three categories of spend each quarter through Dec. 31, 2022, and on the top two categories per quarter after that.
No foreign transaction fee
Some credit cards charge up to 3% for every charge you make overseas. In contrast, this card won’t cost you anything on international transactions.
World of Hyatt Business Credit Card holders also will be able to take advantage of complimentary roadside dispatch, primary rental car collision damage waiver, extended warranty protection, purchase protection, trip cancellation and travel interruption insurance, and travel and emergency assistance services.
Why you might want a different card
High annual fee
While a $199 annual fee isn’t outrageous, it’s still higher than many cards cost in this mid-tier business credit card range. For example, for an annual fee of just $95, the popular Ink Business Preferred® Credit Card provides 3x points on travel purchases (and other bonus categories) up to $150,000 per calendar year, and lets you transfer those points to multiple hotel loyalty programs, including World of Hyatt.
That being said, the annual statement credit of up to $100 for spending at Hyatt properties may make the World of Hyatt Business Credit Card more appealing for the right demographic.
No free hotel night
While the World of Hyatt Business Credit Card offers a decent number of perks and benefits, you won’t earn any bonus free nights regardless of how much you spend.
In contrast, the personal version of this card includes one free night in a Hyatt Category 1-4 hotel for each year that you hold the card, plus a second free night for spending more than $15,000 within one calendar year. If you're a solo entrepreneur trying to decide between the personal and business Hyatt cards, it could be helpful to consider whether you’ll want this benefit.
Of course, you may need the benefits of a business credit card for reasons other than earning opportunity. But a solo entrepreneur who simply wants to earn Hyatt points from business-related expenses may want to compare benefits between the personal and business Hyatt cards to find the best fit.
Limited redemption opportunities
If you aren't a frequent Hyatt customer, the World of Hyatt Business Credit Card won't be the best fit for you.
Instead, consider the Marriott Bonvoy Business™ American Express® Card if you're looking for a hotel co-branded business credit card with premium benefits. This card still comes with an annual fee — $125, less than the World of Hyatt Business Credit Card — but the Marriott Bonvoy Business™ American Express® Card allows you to use your rewards at thousands of hotels worldwide, greatly expanding your potential opportunities for redemption.
Is the World of Hyatt Business Credit Card right for you?
This card is a good fit for business owners who frequent the Hyatt hotel brand enough to use the benefits of elite status and accelerated earning opportunities. If you don’t fit this profile, you might do best with a business credit card that earns more diversified rewards.
on Chase's website