The Chase Hyatt Credit Card no longer has an annual fee the first year, a $75 savings.

The Hyatt card has my 11th favorite sign up bonus from Chase, but it’s a solid card to hold forever, and one that I have. The big draw is the sign up bonus of two free nights at almost any Hyatt worldwide after spending $1,000 in the first three months. In fact, I just booked my two free nights today.

What 10 Chase cards have better sign up bonuses? What are the other perks and drawbacks of the card? Where did I use my free nights?

The Chase Hyatt card is behind these Chase cards in my general pecking order of sign up bonuses:

  1. United personal (55k offer)
  2. Ink Bold
  3. Ink Plus
  4. United business (50k offer)
  5. Sapphire Preferred
  6. British Airways
  7. Southwest personal, $69 annual fee (50k offer)
  8. Southwest business, $69 annual fee (50k offer)
  9. Southwest personal, $99 annual fee (50k offer)
  10. Southwest business, $99 annual fee (50k offer)
  11. Hyatt

Its two free nights are best used at Category 6 properties that go for 22k Hyatt points per night. That means the sign up bonus maxes out at 44k Hyatt points worth of free rooms.

Since Ultimate Rewards transfer 1:1 to Hyatt points, the Ink Bold and Ink Plus are automatically better sign up bonuses at 50k Ultimate Rewards. And the Sapphire Preferred at 40k Ultimate Rewards are still better because Ultimate Rewards are more flexible than Hyatt points and can transfer to more valuable United miles.

For further discussion, See The Three Best Credit Cards for Free Luxury Hotel Nights.

(Of course, the cards to get the most free hotel nights are very different than the cards to get the most luxury nights. See What Credit Card Gets You the Most Free Hotel Nights?)

The Hyatt card also has nice, but ultimately not very useful to me, category bonuses:

  • 3x Hyatt points per dollar on Hyatt stays
  • 2x Hyatt points per dollar on restaurants, airline tickets, and car rentals
  • 1x Hyatt points on everything else

I don’t have many paid Hyatt stays, so the 3x isn’t worth a lot, and I wouldn’t use the Hyatt card in those 2x categories preferring:

  • Sapphire Preferred (restaurants)
  • Business Gold Rewards card from American Express (airline tickets)
  • United card (car rentals)

The other huge feature of the card is a free night at any Category 1-4 hotel (out of 6 categories) on each anniversary.

In exchange for all that, the annual fee used to be $75, and it wasn’t waived for the first year. This made it similar to the Citi® Hilton HHonors™ Reserve Card which also gives two free nights and has a $95 annual fee that is not waived.

But now the Hyatt card has dropped its annual fee for the first year, saving anyone who gets the card $75 on his first statement.

That makes it easier to join me as a cardholder. Coincidentally today I redeemed my two free nights that I earned in July at the Park Hyatt Chicago. I had a need for a two night hotel stay in Chicago, so I was going to either pay out of pocket or use these certificates. I was happy to save some cash and get an ultra-luxury stay.

While I could have found a more expensive hotel–like Rookie Alli did with her free Hilton nights from the Citi® Hilton HHonors™ Reserve CardI couldn’t have found a better use of the certificates for me, which is really the point of this whole game. And the sticker price on my room is about $1,200 for two nights, so I am quite looking forward to the stay.


Chase Sapphire Preferred

Earn 80,000 Chase Ultimate Rewards Points after you spend $4,000 spend in 3 months

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 80,000 points after $4,000 spend in the first 3 months and 2x points earned on dining and travel spend, this card truly cannot be beat for getting started!

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