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Rumors of a new Hyatt business credit card have been floating around the internet for some time now. The funny thing about rumors is that they're usually based on some truth, and this one is no different.
That's right, Chase and Hyatt have teamed up and are launching the long-awaited and all-new World of Hyatt Business Credit Card.
For those who stay with Hyatt properties even just a few times a year, this card could be a great addition to your portfolio. Let's see what it has to 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 & 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 12/31/22, 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.
- 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.
- 5 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 to up to five employees
- Earn 75,000 Bonus Points after you spend $7,500 on purchases in your first 3 months from account opening.
- $199 annual fee
- Automatic World of Hyatt Discoverist elite status
- Earn up to $100 in Hyatt statement credits (earn a $50 statement credit when you spend $50 or more—up to 2x per anniversary year)
- 5 tier-qualifying night credits for every $10,000 you spend on the card.
The personal The World of Hyatt Credit Card offer has been pretty unappealing for way too long now. The double elite-qualifying-night promotion for new cardholders (which ended 9/30/2021) made that card's welcome bonus interesting again for a short window of time. But, now Hyatt's personal co-brand card is back in the middle of the pack with a slightly above average bonus. Fortunately, the Hyatt Business Card provides a much better alternative.
New cardholders can earn 75,000 World of Hyatt points after you spend $7,500 on purchases in your first 3 months from account opening. $7,500 is a slightly higher spending requirement than we usually see but should still be doable. If you are struggling to find a way to meet this requirement, check out this article for ideas on meeting a minimum spend.
For context, 75,000 World of Hyatt points is enough to book 15 nights at a category 1 Hyatt property. That's a lot of free nights.
And with Hyatt, just because a hotel is a category 1 does not mean it is a bottom-level property. For example, this beautiful boutique hotel, the Story Hotel Signalfabriken — part of JdV by Hyatt — runs just 5,000 points a night. That's amazing for a luxury hotel located in the heart of Stockholm, Sweden.
World of Hyatt Business Credit Card Benefits
Automatic Discoverist Status
Cardholders get complimentary Discoverist status upon approval for the Hyatt Business Card. Discoverist status comes with the following perks:
Additionally, you can gift up to 5 Discoverist statuses to company employees! This perk is an all-new option and could be beneficial and exciting for your employees.
Spend Your Way to Status
Reaching elite status is already much more manageable than usual, thanks to Hyatt cutting requirements in half for 2021. But now you can fast track your journey to Hyatt elite status even more quickly with this perk. For every $10,000 you spend on the card in a calendar year, you'll earn 5 tier-qualifying credits — with no limit to the number of nights you can accumulate.
So, Hyatt Business Card holders can earn Globalist status after spending $60,000 on the card from now until December 31, 2021
All New $100 Hyatt Anniversary Credit
Cardholders can earn up to $100 in Hyatt credits each cardholder anniversary year when they spend $50 or more at any Hyatt property. Get $50 in statement credits up to two times each year.
Hyatt hasn't specifically stated what counts, but I would imagine anything you could charge to your room would qualify — including charges like room service, spa services, and more.
A few other perks available for this card include:
- Complimentary one-year Headspace subscription for those who apply for the card before December 31, 2021.
- Spend $50,000 in a calendar year and get 10% of your redeemed points back for the rest of the year — up to 20,000 points back per calendar year.
- No fee for employee business cards
- No foreign transaction fees
- Complimentary roadside assistance
- Primary rental car collision damage waiver
- Extended warranty protection
- Purchase protection
- Trip cancellation/travel interruption insurance
- Travel and emergency assistance services
- Access to Hyatt Leverage – Hyatt's business travel program. It offers special rates to qualifying small and mid-sized businesses at participating Hyatt hotels across the globe.
Points Earning Potential & Category Bonuses
Another feature of this new card is its bonus spending categories. The card offers the following 8 categories:
- Airline tickets purchased directly with the airline
- Car rental agencies
- Local transit and commuting
- Gas stations
- Internet, cable, and phone services
- Social media and search engine advertising
Each quarter, members can earn two Hyatt points per $1 spent in their top three (out of eight) spending categories listed above. For 2023, it will be for the top 2 of 8 spend categories. You'll earn one Hyatt point when you make your purchase. Then, at the end of the quarter, Chase will determine your top purchase categories and award an additional bonus point for that spending.
What's interesting here is that unlike rotating category cards from Chase, like the Chase Freedom Flex℠ where you're capped at $1,500 in spending each quarter, the categories for the Hyatt Business Card are uncapped.
Additionally, cardholders can earn up to 9x Hyatt points total on stays at Hyatt and on experiences–4 bonus points per $1 spent at Hyatt hotels and resorts, including participating restaurants and spas and, as a World of Hyatt member, an additional 5 base points per $1 spent at Hyatt hotels and resorts.
These are just a few of the unique activities you can partake in with Hyatt Experiences. You can access the Experience's page and learn more here. Besides the personal World of Hyatt Card, this is the only rewards card from a major bank that offers bonus points for spending on Hyatt Experiences.
You can also earn 2x Hyatt points for fitness club and gym memberships. Finally, you will earn 1 Hyatt point on all other purchases.
World of Hyatt Business Credit Card Application Restrictions
This policy restricts the approval of new Chase rewards cards to those who have opened fewer than five personal credit cards in the previous 24 months. The keyword to note here is “personal.” Since the Hyatt Business Card is a business card, despite it being issued by Chase, it will not count towards your 5/24 status. However, you won't be approved for this card if you are already over 5/24.
This is fantastic news. You can think of it as a kind of a freebie for your 5/24 score. It's also worth noting that you can still get the Hyatt Business Card even if you already hold a personal Hyatt card.
What do you think of the new World of Hyatt Business Credit Card?
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