20% Discount For Elite Gold Passport Members; Points + Cash; Account Inactivity Period Extension
Despite the perceived devaluation which was announced last week, FlyerTalk members are overwhelmingly positive and excited about two new features and a policy update set to launch on Tuesday, January 7, 2014 for the Hyatt Gold Passport frequent guest loyalty program announced earlier today by FlyerTalk member and official company representative J. Zidell, VP Hyatt Gold Passport.
Points + Cash The amount of Hyatt Gold Passport frequent guest loyalty program points required for redemption will be decreased by half when you pay a certain amount of cash, as shown in the chart below:
FlyerTalk member SFOPhD calculates the cost per point purchase price for the following levels at:
“Tier 1: 2 cents per point
“Tier 2: 1.375 cents per point
“Tier 3: 1.25 cents per point
“Tier 4: 1.333 cents per point
“Tier 5: 1.25 cents per point
“Tier 6: 1.2 cents per point
“Tier 7: 2 cents per point
“That makes tiers 1 and 7 the most expensive purchases.
“Of course this needs to be modified by the value of the redeemed room. When deciding between redeeming with points and redeeming with cash and points, I guess the basic rule of thumb is that a cash and points redemption is better if the rate you would otherwise pay is more than twice the copay. If that rate is exactly twice the copay, then the value of the redemption is at the rate I calculated above. In general, one would likely prefer to use cash and points only if the rate you would otherwise pay is significant higher than twice the copay. Tiers 1 and 7 would be the exception given the 2 cents per point purchase price, which would be a decent redemption value.”
Additionally, Points + Cash awards will count toward tier status and the cash portion of the award will earn Hyatt Gold Passport frequent guest loyalty program points. If you prefer to book your reservations via the Internet, then there is a negative aspect to this new feature: you can only book a Points + Cash award via telephone. Well, at least the telephone number is toll-free.
If you cancel your reservation in accordance with the cancellation policy of the hotel property, the Hyatt Gold Passport frequent guest loyalty program points used for the reservation will be returned into your Hyatt Gold Passport frequent guest loyalty program account.
I personally believe that all frequent travel loyalty programs which offer an option of redeeming frequent travel loyalty program miles or points with cash should follow a similar policy for all transactions. Starwood Preferred Guest is one example — but modest increases to the Cash & Points feature became effective as of March 5. 2013.
Exclusive Discount of 20 Percent If you are a member of the Hyatt Gold Passport frequent guest loyalty program who has either Platinum or Diamond elite tier status, you will enjoy 20 percent off of the Hyatt Daily Rate on any standard hotel room — subject to availability, of course — through My Elite Rate at the official Internet web site of Hyatt Hotels and Resorts. Because it is considered an eligible rate, you will earn Hyatt Gold Passport frequent guest loyalty program points for My Elite Rate; as well as credit toward elite tier status and promotions — but the discount does not include tax, incidental charges or any other charges specific to a hotel property. Other terms and conditions apply.
Extension of Period of Inactivity The period of which an account may remain inactive but open will be extended from 12 consecutive months to 24 consecutive months — and once a Hyatt Gold Passport frequent guest loyalty program account is closed and points are forfeited due to inactivity, there is no way that the points can be reinstated.
I must have been fortunate with the inactivity policy, as there has been at least one time where my Hyatt Gold Passport frequent guest loyalty program account was inactive for twelve consecutive months. I suppose the policy was not strictly enforced — but if that was the case, then I view what initially appears to be a generous change in policy as actually a warning that this policy will be strictly enforced in the future.
It is fairly easy, however, to keep your Hyatt Gold Passport frequent guest loyalty program account active. I, for example, earn 300 Hyatt Gold Passport frequent guest loyalty program points on every rental of a car from Avis for two or more consecutive days — but be aware that you may sacrifice a better rental car rate in lieu of the 300 Hyatt Gold Passport frequent guest loyalty program points, so always take a few minutes to ensure that you are getting the best value for your money…
…and keep on the lookout for bonus offers. For example, here was a limited-time offer from May of 2011 where you could have earned 1,000 Hyatt Gold Passport frequent guest loyalty program points on every rental of a car from Avis for two or more consecutive days.
Overall, this announcement is positive — and that is refreshing these days. Not to be negative, but I cannot help but wonder if the reception by FlyerTalk members would have been as positive had the timing of the release of this latest announcement either coincided along with — or before — the announcement from last week…