There are two ‘buy points’ deals closing today or very soon, plus I wanted to flag a new Air France KLM offer.
ENDS TODAY – 30% bonus when you buy World of Hyatt points
This is obviously worth a look if you need to top up your account. It may also be worthwhile if you are considering a post-corona stay in a top tier Park Hyatt such as Paris, where buying the points may be cheaper than paying cash.
The new-ish Park Hyatt resort in Mallorca, pictured here, dropped in points price recently and is now just 20,000 points per night. This is an EXCEPTIONAL deal if you buy points.
Park Hyatt Mallorca has decided not to open for the 2020 season but will be back in business, hopefully, from the end of March 2021. Cash rates in peak season are around £600 per night, whilst buying 20,000 points costs you just $384 (£299)
This clearly won’t work at all Hyatt properties. However, if you are visiting an expensive city at peak season – Hyatt does not have peak and off-peak pricing, so you get a better deal at peak times – it is definitely worth doing the maths.
The chain has some excellent hotels, and I genuinely find Park Hyatt to be the best luxury chain which is run by one of the multi-brand groups. It doesn’t beat Four Seasons, Mandarin Oriental etc but I’d take one over a Ritz-Carlton, Waldorf Astoria or St Regis any day.
Hyatt has also just started letting you book suites online for points and there are some great bargains to be had.
ENDS FRIDAY – 100% bonus when you buy IHG Rewards Club points
IHG Rewards Club is winding up its current 100% ‘buy points’ bonus, which is as generous as you ever see. It ends on Friday 31st July.
IHG has increased the maximum number of points you can buy to a whopping 500,000 points (ie 250,000 plus the 250,000 bonus). You need to buy at least 15,000 points for the bonus to kick in.
With a 100% bonus, you would be able to buy up to 500,000 IHG points for (at current exchange rates for $2,500) £1,951.
I usually value IHG Rewards Club points at 0.4p. This is exactly what you are paying for them here, so from that point of view you shouldn’t lose money.
The skill is to use them at hotels where you can get substantially more than 0.4p per point of value. The new InterContinental Maldives, for example – image below, is 100,000 points for an Overwater Pool Villa or – looking at next February – $1,100 inc taxes for cash, per night. This is a 50%+ saving given that 100,000 points will cost you $500. Availability is apparently decent at the moment.
More importantly, IHG’s recent move to variable points pricing in many countries has created some great bargains. You can read more about IHG Rewards Club variable points pricing here. It is VERY easy to get more than 0.4p per point at the moment – often more than 0.6p per point – so buying points can sharply cut the cost of your stay.
BEST EVER BONUS – Get a 100% bonus when you buy Flying Blue miles
This offer is the best we have ever seen for anyone who wants to buy a large number of Flying Blue miles – up to 100%.
The bonus is staggered:
- 50% bonus when you buy 2,000 to 10,000 miles
- 75% bonus when you buy 12,000 to 20,000 miles
- 100% bonus when you buy 30,000+ miles
The annual ‘buy miles’ cap depends on your status level – 75,000 miles for Ivory members or unlimited for elite members.
Once you are into 100% bonus territory at 30,000+ miles, you are paying 1.375 Eurocents per mile, so 1.18p.
Is that a good deal? Well, Flying Blue is not exactly well regarded amongst European frequent flyer programmes. However it does have regular ‘50% discount’ sales on some routes.
At the end of the day, I don’t imagine anyone except an existing Flying Blue member topping up an account getting excited by this.
The Flying Blue ‘buy miles’ page is here. The offer runs until the end of year, impressively.
How to earn Flying Blue miles from UK credit cards (August 2021)
Air France and KLM do not have a UK Flying Blue credit card. However, you can earn Flying Blue miles by converting Membership Rewards points earned from selected UK American Express cards. These are:
- American Express Preferred Rewards Gold (review here, apply here) – sign-up bonus of 20,000 Membership Rewards points converts into 20,000 Flying Blue miles. This card is FREE for your first year and also comes with two free airport lounge passes.
- The Platinum Card from American Express (review here, apply here) – sign-up bonus of 30,000 Membership Rewards points converts into 30,000 Flying Blue miles
- American Express Rewards credit card (review here, apply here) – sign-up bonus of 5,000 Membership Rewards points converts into 5,000 Flying Blue miles. This card is FREE for life.
Membership Rewards points convert at 1:1 into Flying Blue miles which is an attractive rate. The cards above all earn 1 Membership Rewards point per £1 spent on your card, which converts to 1 Flying Blue mile. The Gold card earns double points (2 per £1) on all flights you charge to it.