Hyatt Gift Cards at 25% Off
I often write about gift card deals over at Frequent Miler’s Great Deals and occasionally break them down into further detail here on Miles to Memories. I have even written a beginner’s post on gift card arbitrage and Noah from Money Metagame wrote an advanced guest post on the topic.
Even if you aren’t into learning to buy and resell gift cards, there are still quite a lot of opportunities out there to save money on gift cards for merchants that you frequent. I have covered this to some extent in my “Ninja Tricks” series, but today I came across an amazing deal I wanted to share.
The Pursuit to Keep Diamond
Last year I obtained Hyatt Diamond status through the defunct Hyatt Diamond Challenge. After completing 12 nights within 3 months, I earned my Diamond status through February 2016. Unfortunately I have learned to love it and plan to requalify.
Since I am not a huge fan of paying for hotels, I use Hyatt’s Points + Cash to reduce my out of pocket costs. These bookings still qualify towards elite status and generally are a very good deal. Fortunately, there are ways to save even more.
Common Hyatt Gift Card Discounts
Probably the most common Hyatt gift card discount comes from American Express OPEN. By using an American Express business card, you can save 5% automatically on Hyatt gift cards. Sometimes Hyatt also releases coupon codes that stack with this discount. In the past I have seen up to 15% off via this method.
Today’s eBay Deal
Today I was able to do much better than that. For the past few days SVM Gift Cards on eBay has been selling $200 Hyatt gift cards for $175. (Limit 2 per user id.) Not a terrible deal by itself, but not one I jumped on and I’m glad I didn’t.
This morning I awoke to an email offering 5X eBay Bucks on a $150 or more purchase. (This offer is targeted.) Normally eBay gives you 2% in eBay Bucks on purchases, but with the 5X promotion that turns into 10%. Additionally, Ebates (personal referral link) has been running increased cashback at eBay and is currently paying out 4% in the gift cards category.
Here is how the math works out:
- Up front cost of 2 cards: $350
- eBay Bucks earned: -$35
- Portal cashback: -$14
- Total Cost: $301
- Total Facevalue: $400
- Discount off face value: 24.75% (17.75% with normal 2% in eBay Bucks)
Real World Meaning
This basically means that I will get 25% off all Hyatt spending. For example, a category 1 Hyatt is 2,500 points + $50 in cash. Now I will only be spending $37.63 in cash for that night. (This is simplified since there are taxes too.) That really is an incredible deal in my opinion.
eBay also has a number of other gift cards on sale. Even though the 5X eBay Bucks says it only applies to a single $150 or more item, I discovered it works as long as the total is $150 or more. The discounts mentioned in this post apply to all gift cards. You can find the full list of cards on sale here. (Remember cards sold by Paypal Digital gifts also have been known to earn 5X Ultimate Rewards with Chase Ink.)
This is a fantastic deal for those of us who love Hyatt and are trying to keep our Diamond status. While those who like to buy and sell gift cards may like this deal too, it goes beyond just being a good deal for them. It is a good deal for all of us.