Middle Age Miles

Chase Hyatt Cards $50 Statement Credit Promotion – Details and Our Analysis

Summary of the Promotion

  • The promotion applies to the new Chase World of Hyatt Visa Card and the old Chase Hyatt card
  • For each month, November and December, receive a $25 statement credit when you spend $500 or more on your Chase Hyatt card in combined purchases in designated categories
    • That’s a total of $50 in statement credits if you qualify in both November and December
  • The designated categories are:
    • Internet, cable and phone services
    • Shipping
    • Grocery stores
    • Movie theaters
  • You must register for the promotion.  The registration deadline is November 30, 2018.

Relevant Link

Here is a link to register for the promotion:

Register for the Chase Hyatt Visa cards statement credit promotion

Further Details and Analysis

Registration for this promotion is very simple – just enter your World of Hyatt membership number and your credit card number, check the box, and click Register.  Here’s what the landing page for the promotion looks like:

This is a nice little promotion that nets you 5% back if you hit the $500 spend requirement each month in the designated categories.

That said, we’re not sure whether we’ll take advantage of this promotion.  I’ll outline our circumstances and analysis so you can see our thinking.  Hopefully this will help you decide whether the promotion is right for your own situation.

Why We Might Not Take Advantage of This Promo

We have the new Chase World of Hyatt Visa card, which we just received this week.  For starters, let’s quickly review the earning structure and bonus categories on the World of Hyatt card:

  • 4x Hyatt points/dollar on purchases at all Hyatt hotels
  • 2x Hyatt points/dollar at restaurants
  • 2x Hyatt points/dollar on airline tickets purchased directly from the airline
  • 2x Hyatt points/dollar on local transit and commuting
  • 2x Hyatt points/dollar on fitness club and gym memberships
  • 1x Hyatt point/dollar on all other purchases

Note that each of the designated categories for this promotion – internet, cable and phone services; shipping; grocery stores; and movie theaters – are not within any of the bonus categories for the card.  Thus, they’re all unbonused spend which will only earn 1 Hyatt point per dollar of spend.  Given that our baseline value of Hyatt points is 1.5 cents per point, that’s a 1.5% return on our spend (prior to considering the promo).

If we can spend exactly $500 in a month in the designated categories, we’ll get a $25 statement credit, which is a 5% rebate.  Combined with the Hyatt points we’ll earn, that brings our total return on our first $500 in spend in the designated categories to 6.5%.  Let’s be clear – that would be a very good return on our spend.

However, let’s look at each of this promotion’s designated categories:

  • Internet, Cable and Phone Services: With our Chase Ink Cash card, we can earn 5x Chase Ultimate Rewards (UR) points per dollar of spend in these categories. The UR points have a baseline value of 1.5 cents per point, so that’s a 7.5% return – higher than the return in the promotion. (Plus, if I want, I can transfer Chase UR points directly to Hyatt!)  Another option for the cell phone bill is to pay with our Chase Ink Preferred card to earn 3x UR points but also get the cell phone insurance benefit of the card.  I might prefer that choice for the insurance benefit, even if my points return would only be 4.5%.  And finally, we have AT&T as our cell phone provider, and we currently have a multiple-use Amex Offer that gives us a $50 statement credit when we spend $150 or more on our AT&T Wireless bill. Paying our AT&T cell bill with our enrolled Amex card thus turns out to get us about a 35% return (including the Amex Membership Rewards (MR) points we earn), which dwarfs the return on the Chase Hyatt Visa promotion.
  • Shipping:  This category might have worked under normal circumstances as we’d typically be looking at a “best return” of 2x MR points per dollar using our Amex Premier Rewards Gold business card or our Amex Blue Business Plus card.  However, for the month of November, we have a current Amex Offer for 25% off shipping charges at FedEx. So, for November, that Offer is far better than getting an effective 6.5% return with our Chase Hyatt Visa card.  And beyond all that, we frankly don’t spend enough on shipping to put much of a dent (if any) in the $500 monthly spend threshold.
  • Grocery Stores: In this category, we have a card with a high earning rate on which we’re working on the minimum spend requirement. We got a new Amex Gold card earlier this month, which earns 4x Amex MR points per dollar of spend at US supermarkets.  At our baseline value for Amex MR points of 1.5 cents per point, that’s an effective return of 6% for us (and maybe a bit more given how we use our MR points).  Plus, we’re still working on the minimum spend requirement for our 50,000-point sign-up bonus on the Amex Gold card.  And plus again, we don’t have to worry about hitting any threshold to get that 6% return – we get the 4x MR points for each purchase.  So, this isn’t a very attractive category to use for the bonus.
  • Movie Theaters: This category doesn’t help. Maybe we’d go to the movie theater once each month? That’s not going to make a dent in the $500/month spend threshold.

In short, the designated categories are limited, and even with the promotion, I can’t get a better deal on the key categories than I’m already getting on my organic spend.

Why We Might Actually Take Advantage of This Promo

As I mentioned, I just received my shiny new Chase World of Hyatt Visa card, and I need to hit the minimum spend requirement.  It’s pretty substantial – $3,000 in spend for the first 40,000 Hyatt bonus points, and another $3,000 for another 20,000 points.  Stacking the spend for this promotion with my minimum spend requirement would be efficient and it could be valuable.

I can buy a $500 Amazon gift card at Whole Foods and use it for our Christmas shopping or college kids’ textbooks for next semester.  Or perhaps I can purchase $500 in Visa gift cards at a local grocery store.  Each one, once during November and once during December.  Bam, in just two strokes I’ve hit the spend threshold for the promotion plus I’m $1,000 closer to knocking out the minimum spend to get the sign-up bonus on my new card.

Full Terms & Conditions

Here are the full terms and conditions of this Chase Hyatt Visa promotion:

What’s your strategy with respect to the Chase Hyatt Visa spend promotion? Please share with us and other Middle Age Miles readers in the Comments!

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