Hyatt Hotels Corporation and JPMorgan Chase & Co. have launched the first Hyatt Card, a Visa credit card, through respective subsidiaries HyCard, Inc. and Chase Card Services.
After the first use of the credit card – which comes with a $75 annual fee – members will receive, courtesy of Chase and Hyatt, two nights at any Hyatt anywhere in the world, redeemable within one year. The companies say this benefit makes the Hyatt Card unique among hotel reward cards, which typically require the translation of award points into stays and have limitations on the properties where the points can be redeemed.
Hyatt and Chase spent almost a full year having direct and continuing conversations with Hyatt guests, who provided feedback and input throughout the product-development process. They say this feedback helped solidify a product which would provide simple, yet generous, benefits and rewards.
Key features of the Hyatt Card include:
● Zero foreign transaction fees: Foreign transaction fees are waived when making international purchases with this card;
● Hyatt stays earn more points in Hyatt’s Gold Passport guest loyalty program: 3 Hyatt Gold Passport points for every $1 spent at any Hyatt property, 1 point for every $1 spent on purchases elsewhere and no limits to the points users can earn;
● Simple and easy redemptions: No blackout dates, no limit on available standard rooms and no resort fees;
● Hyatt Gold Passport Platinum membership: A 15 per cent point bonus on each stay; the best room available within the category booked; complimentary Internet service; expedited check-in at a dedicated area for members; and guaranteed 72-hour room availability;
● Visa concierge service and acceptance at millions of merchants in more than 200 countries;
● Travel protection, including trip cancellation, lost luggage and trip delay insurance; and
● An annual fee of $75
“Our objective, when working with Hyatt on this card, was to create a product that resonated with the Hyatt guest and provided a differentiated offering that aligned with Hyatt’s brand,” says Val Greer, general manager of Chase Card Services. “Having the ability to simply and easily redeem rewards with no blackout dates or limits on available standard rooms, and no resort or internet fees, the card offers unparalleled opportunities to enjoy Hyatt properties worldwide.”
For more details regarding the Hyatt Card, visit www.hyattcard.com.
About Hyatt Hotels Corporation
Chicago-based Hyatt Hotels Corporation’s subsidiaries manage, franchise, own and develop hotels and resorts under the Hyatt, Park Hyatt, Andaz, Grand Hyatt, Hyatt Regency, Hyatt Place and Hyatt Summerfield Suites brand names and have locations under development on five continents. Hyatt Vacation Ownership, Inc., a Hyatt Hotels Corporation subsidiary, develops and operates vacation ownership properties under the Hyatt Vacation Club brand.
As of June 30, 2010, the company’s worldwide hotel portfolio consisted of 445 properties. For more information, visit www.hyatt.com.