New Credit Card: Chase World of Hyatt Card

 

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Quick Summary

  • Signup bonus of 40,000 points after $3,000 spend in 3 months
  • Additional bonus of 20,000 points after $6,000 total spend in 6 months (i.e. $3,000 additional spend after earning the main bonus)
  • 4x points on Hyatt purchases
  • 2x points on local transit and commuting (including taxis, mass transit, tolls, and ride-share services)
  • 2x points on restaurants, cafes, and coffee shops
  • 2x points on airline tickets purchased directly from the airline
  • 2x points on fitness club and gym memberships
  • 1 free Category 1-4 night annually if you renew the card + 1 additional free night if you spend $15,000 during your anniversary year
  • Automatic Discoverist status + 5 qualifying nights toward next status tier every year + 2 additional qualifying nights for every $5,000 spend
  • $95 annual fee

First of all, you can’t get this card if you’re a cardholder of the previous version of this card, the Chase Hyatt Card, or if you’ve received the signup bonus from the old card within the past 24 months. This bonus is decent but not amazing due to the high spend ($6,000) requirement and $95 annual fee, which is not waived the first year. Still, 60,000 points can get you two nights at any Hyatt in the world. The annual free night can be good if you know you’re going to use it, but it’s not worth spending $15,000 on this card to get a second one. Likewise, Discoverist status is okay, but not that great, and it’s not worth spending on this card for the extra qualifying nights.

In short, sign up for this bonus if you have plans to stay at an expensive Hyatt hotel in the near future, and only keep the card if you know you can consistently get good value from the annual free night certificate. Otherwise, you should cancel the card after you get the bonus.

New American Express Platinum Benefit: $50 Biannual Credit @ Saks Fifth Avenue (Personal Cards Only)

Direct Link (starting July 1, 2018)

Via The Points Guy, on July 1st, American Express is adding a $100/year benefit for cardholders of all versions of their personal Platinum Cards. This benefit comes in the form of two $50 statement credits for purchases made at Saks Fifth Avenue either in-store or online. You will receive up to a $50 statement credit to offset purchases from January to June and again from July to December.

It’s likely that this credit will work similarly to the current airline credits in that the it should automatically be applied after charging a purchase to your card, there probably won’t be any minimum purchase requirement (i.e. if you only spend $5, you’ll get a credit for that and still have $45 remaining), and we can also expect it to cover any sales tax.

This benefit is being added to all variations of the Platinum Card (Ameriprise Financial, Charles Schwab, Goldman Sachs, Mercedes-Benz, and Morgan Stanley, in addition to the regular Platinum Card).

You’ll need to enroll at the link above to receive this benefit. It’s not clear at this point whether you’ll need to register once or twice a year, or, more importantly, if the credit will work on gift card purchases. July 1 is only a few days away, however, so we should know soon.