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┬álocal 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.

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