World of Hyatt Business Credit Card from Chase Review

In the ever-evolving landscape of credit cards, the World of Hyatt Business Credit Card from Chase stands out as a compelling option for business owners who frequently travel, especially those loyal to the Hyatt brand. This card promises a rich tapestry of rewards and benefits tailored to meet the needs of business professionals. In this detailed review, we’ll dive deep into the various aspects of this card, its benefits, drawbacks, and whether it’s worth your consideration.

World of Hyatt Business Credit Card from Chase Key Takeaways

Before we embark on a comprehensive review, let’s distill the essential highlights of the World of Hyatt Business Credit Card from Chase:
1. Generous Rewards Structure: Up to 9x points per $1 spent at Hyatt Hotels, 2x points in your top three spend categories each quarter, and 2x points on fitness club and gym memberships.
2. Significant Sign-Up Bonus: 60,000 points after spending $5,000 on purchases in the first 3 months from account opening.
3. Annual Fee: $199.
4. APR Range: 21.49% – 28.49% Variable.
5. Additional Benefits: Including travel insurance, emergency assistance, and rental car collision damage waiver.

World of Hyatt Business Credit Card from Chase Pros and Cons

Pros

– High Earning Rate at Hyatt Properties: Earn up to 9x points per dollar spent at Hyatt Hotels, making it extremely rewarding for frequent Hyatt guests.
– Versatile Bonus Categories: The card offers 2x points in your top three spend categories each quarter, which can adapt to your spending habits.
– Fitness Club and Gym Memberships: Earn 2x points per dollar spent, catering to health-conscious business owners.
– Substantial Sign-Up Bonus: Earn 60,000 points after spending $5,000 in the first three months.
– No Foreign Transaction Fees: Ideal for international business travelers.
– Travel Protections: Includes auto rental collision damage waiver, trip cancellation/interruption insurance, and travel and emergency assistance.
– Statement Credits: $50 statement credits up to two times each anniversary year after spending $50 or more at any Hyatt property.
– Redemption Rebate: Get 10% of your redeemed points back after spending $50,000 in a calendar year.

Cons

– Annual Fee: At $199, the fee may be a deterrent for some business owners.
– High APR: The variable APR range of 21.49% to 28.49% can be quite steep for those carrying a balance.
– Limited High Earning Categories: While the 9x points at Hyatt are impressive, it may not be as beneficial for those who do not frequently stay at Hyatt properties.
– Requirement for Good to Excellent Credit: With a recommended credit score range of 670-799, it may not be accessible for those with fair or poor credit.

World of Hyatt Business Credit Card from Chase Benefits

Rewards Program

The World of Hyatt Business Credit Card excels in its rewards program, particularly for those who are loyal to the Hyatt brand.
– 9x Points at Hyatt Hotels: This is the standout feature. If you frequently stay at Hyatt properties, the ability to earn 9 points per dollar spent can add up quickly. This makes it one of the most generous hotel rewards programs available.
– 2x Points in Top Three Spend Categories: Each quarter, you’ll earn 2 points per dollar in your top three spend categories. This flexibility allows the card to adapt to your business spending habits, whether it’s office supplies, dining, or other business expenses.
– 2x Points on Fitness Club and Gym Memberships: A unique feature that rewards you for maintaining a healthy lifestyle.
– 1x Point on All Other Purchases: While this is standard, the real value lies in the bonus categories.

Sign-Up Bonus

A significant draw of this card is the 60,000 points sign-up bonus. To earn this, you’ll need to spend $5,000 on purchases in the first three months from account opening. This is a substantial bonus that can provide a significant boost to your points balance, especially when paired with the high earning rates at Hyatt properties.

Travel and Insurance Benefits

For business owners who travel frequently, the World of Hyatt Business Credit Card offers a suite of travel and insurance benefits that provide peace of mind and potential cost savings:
– Auto Rental Collision Damage Waiver: Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is primary when renting for business purposes and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
– Travel & Emergency Assistance: If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel and emergency assistance.
– Trip Cancellation/Interruption Insurance: You can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares if your trip is canceled or cut short by sickness, severe weather, and other covered situations.

Statement Credits and Redemption Benefits

– $100 Statement Credits: Spend $50 or more at any Hyatt property and earn $50 statement credits up to two times each anniversary year. This effectively reduces the annual fee if you utilize this benefit.
– 10% Rebate on Redeemed Points: Spend $50,000 in a calendar year and get 10% of your redeemed points back for the rest of the year, on up to 200,000 points redeemed. This can significantly enhance the value of your points, especially for frequent travelers.

Additional Benefits

– Hyatt Leverage Membership: With discounts on standard room rates at all participating Hyatt hotels, the Hyatt Leverage program can offer companies an average savings of over $350 per year.
– Purchase Protection and Extended Warranty: These features add an extra layer of security to your business purchases, ensuring you get the most out of your investments.

Conclusion

The World of Hyatt Business Credit Card from Chase is a powerhouse of rewards and benefits, especially tailored for business owners who are loyal to the Hyatt brand. With up to 9x points per dollar spent at Hyatt properties, a substantial sign-up bonus, and a suite of travel and insurance benefits, it offers significant value for frequent travelers.
However, the $199 annual fee and high variable APR may be drawbacks for some. It’s essential to weigh these factors against the card’s benefits to determine if it’s the right fit for your business needs.
For those who frequently stay at Hyatt properties and can maximize the card’s rewards and benefits, the World of Hyatt Business Credit Card can be an invaluable tool in your financial arsenal. Its robust rewards program, travel protections, and additional perks make it a strong contender in the business credit card market.
In conclusion, if you’re a business owner with a penchant for Hyatt hotels and a knack for leveraging credit card rewards, the World of Hyatt Business Credit Card from Chase deserves serious consideration. With careful management and strategic use, this card can provide substantial returns and enhance your business travel experience.