Hyatt Gold Passport has launched a bonus of 10%-30% when you buy Gold Passport points, for the next 2 days.
Until February 6th, the deal is:
- Purchase 1,000 to 9,000 points and get a 10% bonus
- Purchase 10,000 to 29,000 points and get a 20% bonus
- Purchase 30,000 to 40,000 points and get a 30% bonus
At the most extreme, you are paying $960 for 52,500 points, or 1.85 cents per point.
It is possible that you might find a scenario where buying points was cheaper than booking a room. A top category Hyatt is only 22,000 points – such as Park Hyatt Tokyo – and you’d be paying (22,000 x 1.85c =) $406 or around £255 if you bought points.
A random night at Park Hyatt Tokyo (Monday 18th February) is £314 including taxes, and that is the non-refundable rate – a points night would be cancellable. In general, though, such arbitrages are not common.
My favourite Hyatt redemption is outlined in this post - 6,000 points to upgrade your room to a suite for up to four nights. Buying points for that is a no-brainer, even at the full rate. This may even be the best hotel redemption of ANY hotel programme, full stop.