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If you've been looking for an opportunity to stock up on valuable World of Hyatt points, listen up. Through April 7, 2026, Hyatt is offering a 20% discount on points purchases when you buy at least 5,000 points. This discount brings the cost-per-point value down to 2.08¢ apiece.

That may sound like a pricey purchase rate to those who don't know the World of Hyatt program. However, this rate is slightly lower than the 2.19¢ per point AwardWallet users average from their Hyatt points.

But when does it make sense to buy Hyatt points? Let's dive into some examples of when this is the best choice — or when you should use another way to earn Hyatt points.

Buy Hyatt Points Key Terms

  • This buy Hyatt points promotion runs through 11:59 p.m. EST on April 7, 2026.
  • Buy at least 5,000 Hyatt points to receive a 20% discount. This promotion drops the effective rate to just 2.08¢ each.
  • You must have been a World of Hyatt member for at least 60 days to buy points.
  • You can purchase up to 55,000 Hyatt points per calendar year.
  • Points will post within 48 hours of purchase.
  • Purchased points are not refundable and transactions are non-reversible.
  • Purchased points are considered “base points” and do not count toward earning World of Hyatt elite status.
  • All points purchases are processed by Points.com.
  • See the World of Hyatt terms and conditions for more details.
Hyatt buy points promo banner.
Screenshot of Points.com

The terms state that points purchases can take up to 48 hours to post. However, according to data points from AwardWallet users, purchased Hyatt points typically post within 14 hours. This being said, AwardWallet users usually only utilize Balance Watch when points don't post immediately. So, the average time is likely even shorter than that.

Members can buy a maximum of 55,000 Hyatt points during this 20% discount promotion. If you buy the maximum points possible during this deal, you'll pay $1,144 for a total of 55,000 points. This nets an effective purchase rate of 2.08¢ per point.

Hyatt buy points promo banner.
Hyatt buy points amount selection tool.

Related: Do World of Hyatt Points Expire?

When Does It Make Sense to Buy Hyatt Points?

Hyatt points are one of the most valuable hotel currencies around. Award nights in standard rooms at Hyatt hotels and resorts cost between 3,500 and 45,000 points per night — depending on the hotel's award category and whether your stay falls on off-peak, standard, or peak dates. Hyatt's all-inclusive award chart ranges from 12,000 to 58,000 points per night for a standard room.

This Hyatt buy points promotion could be worth utilizing in two scenarios. The first is when you're just short of the points necessary for that perfect award night you've been planning. The second is when buying enough points for an award night is cheaper than paying the cash rate for your stay.

But just remember not to buy points without a clear plan to use them, since programs can devalue at any time.

Related: Get a Free Hyatt Breakfast on Your Stay

Examples of Saving Money With This Buy Hyatt Points Offer

Numerous World of Hyatt sweet spots can present incredible value per point — at both luxury Hyatt properties and budget-friendly Hyatt properties.

Let's look at a few examples of when buying Hyatt points could save you money compared to booking a paid rate.

grass-thatched huts at a luxury hotel overlooking a jungle valley below
Credit: Hyatt

Rejuvenate in St. Kitts

The Caribbean is home to many incredible resorts. However, as cash prices increase, Hyatt's fixed award chart can provide some decent value. For example, the cheapest member rates in mid-June 2026 at the Park Hyatt St. Kitts Christophe Harbour hover around $1,400 for a two-night stay.

Park Hyatt St. Kitts Christophe Harbour cash booking
Screenshot of Hyatt

Comparatively, award nights at this Category 7 property cost 25,000 Hyatt points per night on dates with off-peak award pricing:

Park Hyatt St. Kitts Christophe Harbour award calendar
Screenshot of Hyatt

You can buy 50,000 World of Hyatt points during this 20% discount promotion to score enough points for two off-peak nights for $1,040. That saves you almost $400!

Scoring Hyatt nights for cheap

Thanks to Hyatt's peak-and-off-peak award chart, World of Hyatt members know they can book off-peak nights at Category 1 hotels for as little as 3,500 points per night. And there is no lack of Hyatt Category 1 hotels — even in the United States.

While these properties may not be in the center of major cities, they can be clutch for road trips and overnight stays by airports, such as this Hyatt House near the Raleigh/Durham Airport or Hyatt House Raleigh Durham Airport, which are bookable for just 3,500 points per night periodically throughout the year:

Award rates at RDU Airport hotels.
Screenshot of Hyatt

The cost for one night in a King Bed room will run you $73 when you buy points for 2.08¢ apiece — while the cash rate regularly comes out to more than $150 per night (after taxes). That means you would save over 50% on this property if you were to buy Hyatt points during this promotion.

See the sights in New York City

For an excellent example of when buying Hyatt points could save you money in a popular destination, we're heading to New York City and the Hyatt Place New York/Midtown-South. As anyone who's been knows, New York can get expensive quickly!

But since it's only a Hyatt Category 5 property, award nights cost 17k points on off-peak dates, 20k points on standard dates, and 23k points on peak dates.

Award rates at the Hyatt Place New York/Midtown-South
Screenshot of Hyatt

This means that you'd need at 34k points to grab a two-night stay on off-peak nights. If you purchased these points now with a discount, you'd pay $707.20. Alternatively, you could pay the cash rate of this particular two-night stay in December 2026, which comes out to $1,408.09. We'll take these savings here every time.

Cash rates at the Hyatt Place New York/Midtown-South
Screenshot of Hyatt

Hyatt Buy Points History

The current 2.08¢ per-point rate falls well short of the best buy Hyatt point offers. The best-ever rate was in December 2021, when Hyatt sold points for 1.68¢ each. Hyatt also briefly sold points for 1.54¢ in March 2024, but that was a short-lived pricing mistake.

The more recent best offers have been for around 1.80¢ per Hyatt point. Compared to that, this promotion's purchase rate of 2.08¢ per point is rather poor — but it's still better than no discount if you need Hyatt points.

Promotion EndedMax Bonus/DiscountMin Cents per Point
2026-04-0720% Discount2.08
2025-12-2020% Discount2.08
2025-10-0620% Discount2.08
2025-07-2120% Bonus2.17
2025-04-1425% Discount1.95
2025-01-0425% Bonus1.92
2024-10-0820% Discount1.92
2024-07-0320% Bonus2
2024-07-0120% Bonus1.92
2024-06-1320% Bonus2
2024-04-0920% Discount1.92
2024-03-2120% Discount1.54
2023-12-0420% Bonus2
2023-10-1025% Discount1.8
2023-08-1125% Bonus1.92
2023-06-0225% Discount1.8
2023-03-2525% Bonus1.92
2023-01-1925% Discount1.8
2022-11-2825% Bonus1.925
2022-09-3030% Bonus1.85
2022-08-0130% Bonus1.85
2022-05-3030% Bonus1.85
2022-03-0730% Bonus1.85
2021-12-3030% Discount1.68
2021-10-3130% Bonus1.85
2021-08-2525% Discount1.8
2021-06-2530% Bonus1.84
2021-04-3025% Discount1.8
2021-02-2330% Bonus1.85
2020-12-3125% Discount1.8
2020-11-2430% Bonus1.85
2020-09-3025% Discount1.8
2020-07-2930% Bonus1.85

Two-Player Mode to Buy More Hyatt Points

Hyatt typically only allows its members to purchase a maximum of 55,000 points per year — and sometimes more if it's offering a bonus instead of a discount.

But if that's still not enough to book an award, Hyatt also allows members to combine Hyatt points for a redemption. To initiate a points transfer to another member, fill out this form (caution: PDF link) with both parties' information. Then, you can send it to the email or mailing address on the form. However, you can only send or receive points from another account once every 30 days.

Related: Best World of Hyatt Points Redemptions for Luxury Stays

How to Buy Hyatt Points

If you want to buy Hyatt points, click here and sign in to your World of Hyatt account. Move the slider until you've selected the amount of Hyatt points you want to buy. Then, click “Pay now” and enter your credit card information.

Hyatt point purchases are processed by Points.com. As a result, the points purchase won't count as a hotel or travel purchase on your credit card. Thus, we recommend using one of the following types of cards when buying Hyatt points:

Citi Double Cash® Card
Citi Double Cash® Card
Welcome Offer Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
Annual Fee

$0Rates & Fees

Credit Score

Excellent, Good

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time.

    Plus, earn 5% total cash back on hotel, car rentals and attractions booked with Citi Travel.
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
Welcome Offer Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months of account opening, plus receive a $250 Capital One Travel credit in your first cardholder year.
Annual Fee

$95

Credit Score

Excellent, Good

  • 5X miles per dollar on purchases through Capital One Entertainment
  • 5X miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel
  • 2X miles per dollar on all other purchases

Related: Which Credit Card Should You Use to Buy Points and Miles?

Options Besides Buying Hyatt Points

Another great way to earn Hyatt points is through a co-branded credit card. Hyatt partners with Chase to offer The World of Hyatt Credit Card and the World of Hyatt Business Credit Card.

Additionally, Hyatt is a 1:1 transfer partner with Bilt Rewards and Chase Ultimate Rewards. That means that Ultimate Rewards-earning cards — like the Chase Sapphire Preferred® Card or the Ink Business Preferred® Credit Card — can effectively earn World of Hyatt points, too.

Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
Welcome Bonus Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening.
Annual Fee

$95Rates & Fees

Credit Score

Excellent, Good

  • 5X points on Lyft rides through September 2027
  • 5X points on travel purchased through Chase Travel℠
  • 3X points on dining at restaurants worldwide
  • 3X points on eligible streaming services
  • 3X points on online grocery purchases (excluding Target, Walmart, and wholesale clubs)
  • 2X points on all other travel
  • 1X point per dollar spent on all other purchases
The World of Hyatt Credit Card
The World of Hyatt Credit Card
Welcome Bonus Earn up to 60,000 Bonus Points. Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 more Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent.
Annual Fee

$95Rates & Fees

Credit Score

Excellent, Good

  • Up to 9X points total per $1 spent at Hyatt - 4X points per $1 when you use your card at Hyatt hotels & 5X points per $1 you can earn as a World of Hyatt member
  • 2X points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships
  • 1X point per $1 everywhere else
World of Hyatt Business Credit Card
World of Hyatt Business Credit Card
Welcome Bonus 80,000 Bonus Points after you spend $10,000 on purchases in your first 3 months from account opening.
Annual Fee

$199Rates & Fees

Credit Score

Excellent, Good

  • Up to 9X total points per $1 spent at Hyatt – 4X points per $1 on qualifying purchases when you use your card at Hyatt hotels & 5X points per $1 you can earn as a World of Hyatt member
  • 2X points per $1 spent on fitness club and gym memberships
  • 1X point per $1 everywhere else

In addition, you'll earn 2X points per $1 spent in your top three spend categories each quarter. Eligible categories include:
  • Dining
  • Shipping
  • Airline tickets when purchased directly with the airline
  • Local transit & commuting
  • Social media & search engine Advertising
  • Car rental agencies
  • Gas stations
  • Internet, cable & phone services

Related: All of the Credit Cards That Earn Chase Ultimate Rewards Points

Bottom Line

World of Hyatt is one of our favorite hotel loyalty programs. Any time there's a promotion to buy Hyatt points, it's worth considering whether it can work for you. This 20% discount promotion allows World of Hyatt members to grab points for 2.08¢ apiece through April 7, 2026.

Buying Hyatt points during this promotion could make sense if you have a solid redemption in mind. However, especially considering Hyatt caps the number of points you can buy each calendar year, you may want to hold off on speculative points purchases in case Hyatt offers a lower purchase rate later this year.

Will you buy World of Hyatt points with a 20% discount?

For rates and fees of the cards mentioned in this post, please visit the following links: Citi Double Cash® Card (Rates & Fees), Chase Sapphire Preferred® Card (Rates & Fees), The World of Hyatt Credit Card (Rates & Fees), and World of Hyatt Business Credit Card (Rates & Fees)

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Comments

  • Sarthak says:

    I don’t see the numbers add up correctly. I am seeing 55,000 available to buy for $1056 AFTER discount. Which is 1.92 cpp

    • JT Genter says:

      It seems Hyatt changed the purchase price since we published (you can see the price we were seeing in the screenshot). We will get this post updated.

  • Bruce says:

    Info provided is wrong. Actual cost after applying the discount is 1.92 cents per mile, not 1.54 cents. How did you come up with your figure?

    • JT Genter says:

      We included a screenshot in the post showing the pricing at the time of publishing. Hyatt has since increased the purchase price.

  • Pippa says:

    Hyatt hotels can prevent the use of point stays IF they do not have standard room rates available that night and I have tested out hotels I’d use points at and found it impossible to use them, so I suggest checking specific hotels prior to any point purchase. This means hotels are legally able to override the ‘no blackout’ policy and many appear to be doing so in 2024.

  • Vandre Pryor says:

    When will you be doing the points sale again

    • JT Genter says:

      It’s not us that provides the award sale. But these promotions pop up often! Stay tuned to this page for updates.

  • MK says:

    Frankly this deal doesn’t look good enough.

  • KareK says:

    argh, don’t need this yet. would be so nice say in a couple monthes. oh well. nice to see that there are promos on getting Hyatt points. Hyatt is in my sights for several stays.

  • Bruno says:

    Very good tip!

  • eli says:

    For someone without chase points this actually can be a very good deal. I find that hyatt points are the most valuable hotel points these days.

  • Sergio Javier Luque says:

    Thanks for the información! It’s very useful!

  • Mikey says:

    Wow, great offer Hyatt!…..time to pounce if you’re looking to vacation at a Hyatt property soon using points. I like the Hyatt hotels around DC especially for points bookings.

  • Kevin says:

    No, I love me some Hyatt points, but I doubt I’ll ever be a buyer. Too many ways to earn UR points still available, even with recent hits to MS’ing.

    • EC says:

      I almost gave up, as I’m tired and ready to call it a day. But, I perserved. Thanks for forcing me to look up “MS’ing.”

  • Gabe says:

    I would’ve been more tempted before the peak award thing – now not so much.

  • Alice Ogg Strauss says:

    Great deal! I’ll check for my nest trip.
    Thx!

  • swl says:

    Thats getting pretty close, I value the Hyatt points at 1.5c ea. on a regular basis.

  • QFFlyer says:

    Probably the cheapest way to stay at the Park Hyatt Sydney

  • Matt says:

    Hyatt4Life!

  • Will says:

    It is almost possible to travel to Australia again.

  • Pablo Quilis says:

    I´m never find anything good in Hyatt with points. I really prefer others hotel chains.

  • Jorge says:

    I have had unforgettable experiences years ago at the old Paris Hilton, very close to the Eiffel tower. I look forward to enjoying the Hyath style again …

  • LB says:

    I’ve never booked in a Hyatt hotel, but I’ll considere for the future. Nice to know about this kind of offers

  • Ignacio says:

    This time, I will definitely buy Hyatt points

  • Mikey says:

    Great opportunity from the best value major hotel chain in the point and miles game. Really enjoyed my stays at the Grand Erawan in Bangkok and the Grand Hyatt in DC with free nights on the credit card and points earned on the bonus. Hyatt has some sleeper values if you look in the right places.

  • Jamie says:

    I know we always see plenty of points for sale, but sure seems as the pandemic lingers/fades, we’re seeing more. Sure companies are looking for an influx of cash in any way possible.

  • Timothy says:

    To expensive still. Far to easy to earn UR and transfer.

  • RoseMarie says:

    Hyatt is the best hotel program out there That being said only buy points if you have immediate need There are too many surprises that occur to buy speculatively

  • gabriel says:

    Taken into account terms and conditions it cold be a good offer, but i’m not sure if right now is a good moment to apply

  • Rosario says:

    Another offer in selling points.
    Not a good moment to buy points in this period.
    What’s more is that this Hyatt offer is not better of other previous offers.

  • Marc says:

    Good suggestion to hold off on buying points unless you have a specific plan. I’ve always thought that folks stock up when they go on sale just in the event they need them compared to the cash price.

  • BW says:

    Park Hyatt Sydney is a landmark itself! Hope Australia will reopen next year.

  • Angelo Fonseca says:

    This partnership with small luxury hotels gives to us great oportunities.

  • jessie says:

    I would purchase Hyatt point if the price is 1.72 cent. Higher than that, no way.

  • Froide says:

    The most exciting thing about this post, to me, is the news that Hyatt’s expanded the properties included in its partnership with SLH.

  • Jonathan says:

    There is a new Hyatt Regency Sofia (Bulgaria), Category 1, only 5k points.

    • JT Genter says:

      Oooh. Nice tip! Thanks for the heads up. We’ve been eyeing the Hyatt Regency in Belgrade that’s also 5k. Might have to make a whole trip out of the Hyatt Cat 1s!

  • Evan says:

    Agree that this is a great way to get points, especially while travel has been tamed down since Covid

  • william says:

    It’s a great deal for higher tier properties, but not too shabby for mid tier Hyatt hotel also I consistently get 2 to 3 cents redemption value

  • tbk says:

    Remember that you can book premium suites with points. Some are a really great deal.

  • Mike says:

    Since the pandemic, I have been transitioning my stays from Marriott to Hyatt as I think Hyatt hotels have been doing a much better job of keeping rooms clean, hope they can maintain their standards across their entire portfolio.

  • J says:

    One silver lining of the pandemic is that there have been many sales from hotels and airline to buy points at a discount.

  • Jennifer says:

    There are certainly some aspirational stays in the Hyatt portfolio. Just make sure you check the cash price and compare before buying the points.

  • Mikey says:

    great opportunity to pick up some extra Hyatt points to top off your account. Hyatt has the best loyalty hotel program at the moment due to Marriott’s stumbles and Hiltons and IHGs stratospheric points requirement for quality properties

  • Willl says:

    The discount should be much bigger to actually entice people to buy the points in a world or restricted mobility.

  • Angelo Fonseca says:

    This hotel in Sydney is simply amazing. Beautiful city and lovely place. Good to know that offer. Hope travelling to Australia as soon as possible.

  • Chris says:

    Had never heard of the Calala Island redemption! Might have to look into this further….

  • Karl says:

    Breakfast at Park Hyatt Sydney is truly a highlight, should the point buying deal does not work out for you.

  • Maryjane says:

    I won’t buy points but I’m actively staying in Hyatt Hotels and am enjoying my Globalist status for the first time. I would transfer points from Chase UR rather than buying them.

  • Craig says:

    Looks like the 40% bonus isn’t coming back.

  • Macarena Bentancor says:

    I love Hyatt program and for sure will buy Hyatt points!

  • Isabella Bonatti says:

    This is an amzing deal considering the pandemic. Hyatt hotels are the best and I usually stay there if my budget allows that. This promotion will permit me to be closer to book at a Hyatt Place, my favorite of the brand family.
    Thanks

  • Froide says:

    I like Hyatts, but won’t be buying those or any other travel points/miles at this time. I’m not even using my Hyatt lounge passes or free anniversary nights elsewhere, during this pandemic era.

  • Will says:

    Perhaps it is wiser to buy points when the situation actually improves because these promotions come around every quarter.

  • KareK says:

    I would love to have a stash of Hyatt points! Buying them all is not good though. lol! I wonder if you need to extend the life of your points if it’s a good idea to do the extra, if you’re buying points anyway?

  • P says:

    As a general rule back porch is not a good idea. However if you can add this to your rewards it may come out to be a good deal.

  • Ed says:

    I will not be buying Hyatt points with a 30% bonus. I value Hyatt points at approximately 1.5 cents each.

  • Sonia Ines Goland says:

    Hyatt are great hotels and this is a very good option. I dream of going again when the pandemic is over

  • stone says:

    Pair this with discounts on award nights and dbl night credit! Awesome deal!

  • Paul says:

    I take my hat off for what Hyatt has being doing with their loyalty programme this year

  • Will says:

    Does Park Hyatt Sydney award harbor view rooms for the award bookings?

    • Patrick Stouffer says:

      Standard award nights at the Park Hyatt Sydney book into a base room without a harbor view. However, if you have any kind of World of Hyatt status, even a one-category upgrade secures a harbor view.

  • Kevin says:

    Thought about using this as a route to Globalist, but the math doesn’t work for me. Better to pay for the room with. Hyatt CC.

  • Monisame says:

    Is this offer open worldwide . I have a signature card but it is not associate with any program

  • David Cheng says:

    I’ve been staying at the Hyatt chains. They’ve been doing a good job in response to the pandemic, including their willingness to extend the expiration of the free night certificates. Fees like they do care about their customers.

  • JL says:

    Umm…why is the bonus even lower this time?
    It looks like Hyatt is decreasing the bonus on purchased points every time.
    No one should buy points with just a 25% bonus.

  • Will says:

    There’s no point in staying at Park Hyatt Sydney if you do not stay in a harbor view room. The other rooms face a quiet unremarkable looking street.

    • Joel Gilgoff says:

      The park Hyatt Sydney is designed incorrectly. Even the best Harbor Vew rooms do not face the Sydney opera house. The hotel is just not that fabulous. The overpriced breakfast is not offered to anyone for free no matter what your status.

      The only reason to stay there is that the total cost per night is only 30,000 Ultimate reward points.

  • Josh says:

    i love Bali island so much. and I have stay at Bali Hyatt hotel before. That’s have good sea view with many bird and animals. I want to buy some points with this offer .

  • Clara says:

    Buying these points doesn’t seem to make much sense as good locations cost lots of points and there have been much better bonuses like 100% with airlines.

  • Rosario says:

    Good opportunities for people looking for usually upper accomodations.
    There are quite a lot of very elegant structures in the Hyatt family.
    Maybe a good deal if you go to a destination with a good offer of hotels of this chain.

  • Daniel says:

    Nice tip! I’ll keep that in mind when I can start flying again!

  • Maria Cuevas says:

    The best thing about Hyatt Elite Globalist program is the ability to make Guest of Honor reservation. Thank you for the 5 AA miles.

  • Kristen says:

    It just seems odd to me that spending more on points right now would yield a better return in the long run. There’s no telling what will happen with travel and the Coronavirus. I would pass on this until there are more definitive plans in the future.

  • AL says:

    Good deal. Looking forward to traveling again soon, and will trust Hyatt more than Airbnb for now.

  • Matt says:

    Personally don’t think it’s worth it at 30%, especially at the moment too.

  • Lucio says:

    It’s a little help in this pandemic days.Something better shoud probably be done!

  • greyhk says:

    Thanks. This might work out for me to top of for an upcoming stay.

  • Ashley says:

    Agree that the 30% isn’t exactly worth buying points for right now, 40% would be better as others have stated. I wonder if room cash rates will lower in the next few months…

  • JL says:

    Only 30%??
    One would assume Hyatt will offer at least 50% bonus these days…

  • Will says:

    Do buy the points and redeem them for a stay at Park Hyatt Sydney as a Globalist; you will not regret it.

  • David says:

    Since Hyatt is UR transfer partner and UR is relatively easy to get, I don’t think it’s a good idea to buy unless you have immediate needs.

  • Andrew says:

    Not a bad deal, but Hyatt points are so easy to accumulate via UR transfers, that I will pass.

  • Jamie says:

    Seems like we’re seeing a lot of points sales right now, which makes sense with travel industry leaders lacking cash flow as of late. But still not worth it IMHO. Especially if we see point devaluation in 2021. Obviously it can make sense now, but only if you are traveling and/or booking now.

  • Steven William Van Meter says:

    Hyatt are great hotels and this is a very good option. Just be careful about going to places with unreasonable and ludicrous quarantine requirements like in Hawaii. You’ll be stuck in your hotel.

  • Andrew says:

    Nice little deal with hyatt. Love my chase hyatt that pays for itself with the free night every year for the $85 fee so I stay at Hyatt’s when I can an combo points plus my free night for a few days stay.

  • Robert says:

    Will be passing on 30% and waiting for at least 40%.

  • Chris says:

    As predicted nearly every chain and airline are trying to sell as many miles as they can to get some cash in the door. I wouldn’t buy unless you are going to book something immediately because you can see the devaluations coming a mile away. Sell a bunch of miles/points – then rachet up the amount needed for redemption.