What Are the Fees Associated With the World of Hyatt Business Credit Card?
- Annual fee: The annual fee is $199, which is in line with similar business travel cards.
- Foreign transaction fee: There is a foreign transaction fee of $0, making it a good card for travel abroad.
- Balance transfer fee: The fee is either $5 or 5% of the amount of each balance transfer, whichever is greater.
- Cash advance fee: The fee is either $15 or 5% of the amount of each transaction, whichever is greater.
- Late payment fee: This fee is $40 if you miss your payment due date.
- Return payment fee: If a payment does not go through because of insufficient funds, you will be charged $40.
How to Maximize Rewards With the World of Hyatt Business Credit Card
To truly maximize this card, you’ll need to spend a good amount of money and book at least a few stays at a Hyateither $5 or 5% of the amount of each balance transfer, whichever is greatert hotel per year. With the World of Hyatt Business Credit Card cardholders can earn 60,000 Bonus Points after you spend $5,000 on purchases in your first 3 months from account opening. In addition, other card benefits kick in after reaching higher spending thresholds. You’ll earn five tier-qualifying night credits with each $10,000 you spend, and you’ll get 10% of redeemed points back as Bonus Points (to be used the same year) if you spend $50,000 or more on the card in a calendar year.
Make sure to add employee cards to your account and use the card for common business expenses.
To ramp up your earnings, you’ll want to use the card strategically on purchases that offer bonus points – especially Hyatt bookings (four Bonus Points per dollar), gym and fitness memberships (two Bonus Points per dollar) and your top spend categories (two Bonus Points per dollar). Eligible bonus categories include: dining, shipping, airline tickets, local commuting, social media and search engine advertising, car rentals, gas, and internet, cable and phone services. All other purchases earn one Bonus Point per dollar.
According to Hyatt’s award chart, standard room rate redemptions range from 5,000 to 40,000 points per night. So depending on when and where you book a stay, that’s a lot of free night potential.
Redeeming your points with World of Hyatt makes the most sense value-wise, but there is some flexibility should you wish to convert your points. For example, you can redeem Hyatt points for Avis car rental certificates. Or you can also turn your points into airline miles if you wish, but conversions vary. For example, 5,000 Hyatt points equals 2,400 Southwest Airline miles, or 3,000 Virgin Atlantic miles.
Comparisons With Other Credit Cards
Annual fee: The Ink Business Preferred card is $95 per year versus the World of Hyatt’s $199.
Rewards: Earn four Bonus Points per dollar on Hyatt purchases, two points per dollar on gym and fitness memberships, and two points per dollar on your three highest-spending bonus categories (dropping to the two highest in 2023) with the World of Hyatt Business Credit Card. All other purchases earn one point per dollar. With the Ink Business Preferred Card earn three points per dollar on the first $150,000 spent in combined purchases each year on shipping, online advertising, internet, cable and phone services, and travel. All other purchases earn one point per dollar.
Sign-up bonus: Cardholders can earn 60,000 Bonus Points with the World of Hyatt Business Credit Card, after you spend $5,000 on purchases in your first 3 months from account opening. With the Ink Business Preferred Credit Card you’ll earn 100,000 bonus points after spending $15,000 in the first three months. Since Hyatt is a 1:1 transfer partner via Chase Ultimate Rewards, you’d come out on top with the Ink card if your spending meets the threshold.
Benefits: Both cards offer free employee cards, no foreign transaction fees, and strong travel and purchase protections. The question is what type of additional benefits appeal to you? General business rewards cards like the Ink Business Preferred Credit Card offer more flexibility than a co-branded card like the World of Hyatt Business Credit Card. Therefore, it really comes down to if you’re looking to have more redemption options, or if your aim is to earn World of Hyatt status and perks related to your hotel stays.
Annual fee: The World of Hyatt Business Credit Card has an annual fee of $199, compared with the American Express Business Gold Card’s $295 annual fee. In addition, AmEx charges $50 for the first additional Business Gold Card, whereas all employee cards for World of Hyatt are free.
Rewards: Both cards let you earn bonus points in the categories you spend in the most, but there are key differences. The World of Hyatt Business Credit Card offers four Bonus Points per dollar on Hyatt spending, plus two points for the top three categories each quarter (through 2023) and two points per dollar on gym and fitness memberships. All other purchases earn one point per dollar. The American Express Business Gold Card gives four Membership Rewards points per dollar spent in the top two categories each billing cycle (on the first $150,000 in combined purchases each year), and one point per dollar for all other eligible purchases.
Welcome offer: With the World of Hyatt Business Credit Card cardholders can earn 60,000 Bonus Points after you spend $5,000 on purchases in your first 3 months from account opening. Earn 70,000 points after spending $10,000 in the first three months with the American Express Business Gold Card.
Benefits: While American Express has many points transfer partners, World of Hyatt is not one of them. As far as travel and purchase protections, the cards are pretty evenly matched. AmEx gives back 25% of points that are used to book flights through American Express Travel, which is a unique perk. Terms apply.
Should You Get the World of Hyatt Business Credit Card?
- Spend a significant amount and book several hotel stays at World of Hyatt properties per year, so you can earn enough points and benefits to offset the annual fee.
- Are aiming to qualify for higher-tier status with World of Hyatt.
- Want to take advantage of hotel benefits and perks, plus have higher-level travel and purchase protections.