Chase launches Hyatt business credit card with 75,000 bonus points




CNN

Small business owners who enjoy staying at Hyatt hotels have a new reason to rejoice. On Wednesday, Chase and Hyatt announced the launch of the World of Hyatt Business credit card, with flexible bonus categories that change to match the cardholder’s spending habits each quarter, as well as credits that can be used across Hyatt hotels, Hyatt Elite status free. and other travel benefits.

The new card, which bears the Visa Signature brand, earns 2 points for every dollar your business spends in the first three eligible categories each calendar quarter through December 31, 2022 (and in the first two eligible categories thereafter). The eight categories eligible for these bonus points include:

  • To eat
  • Airline tickets purchased directly from the airline
  • Car rental agencies
  • Local transit and commuting
  • Petrol stations
  • Internet, cable and telephone services
  • Social media and search engine advertising
  • Shipping

In addition, the World of Hyatt Business credit card has two fixed bonus categories: 4 points per dollar spent at Hyatt hotels, including participating restaurants and spas, and 2 points per dollar on fitness club and spa memberships. sports halls. All other purchases on the card earn 1 point per dollar.

For business owners seeking Hyatt Elite status, the new World of Hyatt Business card comes with free Discoverist status. This is Hyatt’s lowest elite status level, but it offers perks such as upgrades to Preferred Rooms when available in the room type booked, premium Wi-Fi at Hyatt properties , elite check-in and late check-out at 2pm when available.

Hyatt Hotels

Access the elite check-in queue at Hyatt hotels around the world with the World of Hyatt Business credit card.

An added benefit of the card that many small business owners might find useful is the ability to also offer Discoverer status to up to five company employees, which can be a good way to reward employees who spend a lot of time on the road for your business. Employees don’t even have to be authorized users of the company’s credit card – you can just choose any five employees you want – but if you want to give cards to your employees, ordering cards additional is free.

But for those seeking an even higher level of elite status, the World of Hyatt Business Card earns 5 qualifying night credits for every $ 10,000 spent on the card in a calendar year. This means that with World of Hyatt’s reduced elite status criteria for 2021, business owners can achieve top globalist elite status by spending $ 60,000 on the card by December 31. 2021.

In addition to earning points and Elite status, the new World of Hyatt Business credit card offers benefits that can be useful for small business owners who primarily stay at Hyatt properties when traveling.

The easiest of these benefits to use are the annual credits on the card. Each year, cardholders can earn $ 50 in statement credits when they spend $ 50 or more on the card at any Hyatt location. These credits are available twice a year, so if you can take advantage of them, you will get a total of $ 100 in credits.

Additionally, when you spend $ 50,000 or more on the World of Hyatt Business Card in a calendar year, you will get back 10% of your Hyatt Points redeemed as bonus points for the remainder of the calendar year. This is a useful perk if you typically redeem a lot of Hyatt Points, but it requires spending a substantial amount on the card, and the perk only kicks in after you’ve hit the threshold.

Additional benefits of the World of Hyatt Business Card include a suite of travel protections, such as free shipping on roads, trip cancellation and interruption insurance, travel and emergency assistance services, and insurance. – rental car collision with primary coverage, which means that if you have an accident with your rental car, you won’t have to consult your personal auto insurance policy first.

Related: Here’s how having a credit card with travel insurance could save you thousands of dollars on your next vacation.

You'll get primary car rental coverage with the World of Hyatt Business credit card.
iStock

You’ll get primary car rental coverage with the World of Hyatt Business credit card.

When you make purchases with the card, you will also find purchase protection and extended warranty protection, and if you use the card to purchase items abroad while traveling internationally, you will also find that the card has no foreign transaction fees.

Finally, when you get the new Hyatt Business Card, you’ll have access to Hyatt Leverage, the chain’s global business travel program that offers special rates to qualifying small and medium businesses at participating Hyatt hotels around the world.

The new World of Hyatt Business credit card doesn’t bear the cost of an ultra-premium premium credit card, but with an annual fee of $ 199, it’s significantly more expensive than the average travel card. However, for a limited time, new cardholders can get a pretty impressive signup bonus when getting the card.

Currently, new World of Hyatt Business cardholders can earn 75,000 bonus points after spending $ 7,500 in the first three months of opening the account. Additionally, those who apply before December 31, 2021 also get a free one-year membership to Headspace, a popular meditation and wellness app. The subscription must be redeemed before December 31, 2022.

World of Hyatt remains one of the most valuable hotel loyalty programs out there, and you can generally get great value for your money for Hyatt points. This is why the frequent flyer website The Points Guy rates World of Hyatt points at 1.7 cents each. At that rate, 75,000 points are worth up to $ 1,275 in travel.

Use the World of Hyatt Business credit card sign-up bonus at properties like Park Hyatt Sydney in Australia.
Hyatt Hotels

Use the World of Hyatt Business credit card sign-up bonus at properties like Park Hyatt Sydney in Australia.

The World of Hyatt Business credit card is clearly designed to appeal to a very specific niche: small business owners who travel frequently and regularly use Hyatt hotels. For these people, the best benefit of the card is probably its ability to earn elite qualifying nights by using the credit card to pay for daily business expenses, which makes it much easier to attain the Hyatt elite status of premier. plan.

When considering the card’s annual fee of $ 199, it is important to consider whether you will be able to take advantage of the card’s benefits, especially Hyatt credits of up to $ 100. These credits are extremely easy to use if you stay at a Hyatt even twice a year, and you effectively cut the annual card fee in half when you can take advantage of it.

The card’s flexible categories are an intriguing feature, but at just 2 points per dollar, they are a step behind offers like American Express® Business Gold Card, which also offers categories that adapt to your spending habits but win. 4 points per dollar in these categories, up to $ 150,000 in combined purchases per year (then 1x). That being said, the Amex Business Gold charges a higher annual fee of $ 295 and does not come with the additional Hyatt travel benefits of the Hyatt Business Card.

In the end, the World of Hyatt Business credit card is definitely not going to be the right choice for everyone. But if its features match your needs as a small business, you’d do well to get it now with its 75,000 point sign-up bonus as well as the free one-year Headspace membership. The value of the bonus easily offsets the cost of the card for the first year, so it’s worth a try if you think the card might be right for you.

Check out the CNN Underscored guide for the best travel credit cards of 2021.

Get all the latest personal finance offers, news and tips at CNN Underscored Money.

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