Chase Hyatt Credit Card (2018.2 Update: $30 Bonus for Existing Customers)

Chase Hyatt Credit Card Review

2018.2 Update: This card has a $30 bonus offer for existing customers, and you need to: (1) Register your Hyatt Credit Card by February 28, 2018; (2) Spend $300 on in-store purchases at grocery stores or drug stores in the U.S. by February 28, 2018. Then you will earn a $30 credit on your Hyatt Credit Card statement. . I believe this requirement is very easy to reach, right?

Application Link

Features

    READ: Get yourself a new savings account and receive Chase bank coupon code for joining the Chase bank.
  1. Sign-up bonus 40k+5k: earn 40,000 Hyatt points after you spend $2000 in 3 months, and additional 5000 Hyatt points if you add an authorized user to you card in the first 3 months. This is the best offer in recent years. Now it says on the offer page that “offer only available to you if you have stayed at a Hyatt property since May 1, 2015”. We are not sure when this term is added (see the end of this post), neither do we know if this term is effective yet. If you haven’t stayed at Hyatt since May 1 2015, you can consider the offer without $50 statement credit.
  2. Hyatt point is valued at 1.8 cents (Hotel Points Value) and you can find Hyatt free night award chart here. So the offer 40k+5k is worth about $810!
  3. You will receive one free night certificate redeemable at category 1-4 Hyatt hotel each year after you pay your annual fee. Generally, this free night values more than the $75 annual fee.
  4. Earn 3x points at Hyatt hotels, 2x points at dining, airlines and car rental. Earn 1 point per dollar spent on all other purchases.
  5. Complimentary Hyatt Discoverist status as long as you keep the card; complimentary Hyatt Explorist status if you spend at least $50,000 in a calendar year.
  6. No foreign transaction fee.
  7. Refer a friend. Please click this link to start referring. You can earn 10,000 bonus Hyatt points for every approved account you refer, up to a maximum of 5 approved referrals (50,000 Hyatt points) per calendar year.

Disadvantages

  1. Annual fee $75, NOT waived first year.
  2. Free night certificate is only valid for one year.

Recommended Application Time

  1. This card is not affected by the 5/24 rule for now.
  2. This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months. Note that what matters here is the time you got the sign-up bonus, not the time you open the account or close the account.
  3. Don’t apply for more than 2 Chase credit cards within 30 days, or it’s highly likely that you will get rejected.
  4. We recommend you to apply for this card after you have a credit history for more than a year.

Summary

Now the sign-up bonus has been changed from 2 free nights to points offer. Although now you can’t directly redeem those points for 2 nights with highest category, the flexibility is increased. It’s still a very good sign-up bonus. We think this card is also worth keeping in the long term, due to the annual free night. You are basically paying the $75 annual fee for a night in a Cat 1-4 Hyatt, which is likely a very good deal because you can easily find a Hyatt with a value of $200+. Also, this card is also a good choice for restaurant purchase if you don’t have the legacy Citi Forward because you earn 2 points per dollar and are worth about 3.6% rewards.

Recommended Downgrade Options

  • You can not downgrade this card to any card with no annual fee, so I suggest you close it when you don’t want to keep it any longer.

After Applying

  • Call 800-436-7927 to check Chase application status. This is an automated telephone line, and the information has the following meanings: Receive decision in 2 weeks means your application is probably approved; Receive decision in 7-10 days means your application is probably rejected; Receive decision in 30 days simply means your application requires further review and there’s nothing to tell you for now.
  • Chase reconsideration backdoor number: 888-270-2127 or 888-609-7805. Call it if you didn’t get approve immediately. Your personal information will be acquired and they will then review it. You seldom answer questions, instead, just enjoy the music and then you get approved or rejected, or further information is needed to be hand in to the branch or faxed.

Historical Offers Chart

Application Link

  • Chase Hyatt
  • Chase Hyatt 40k+5k+$50 offer can be obtained by dummy booking

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