Frequent Miler on the Air - Easy top tier Hyatt elite status | Ep 112 | 8-21-21

Episode Date: August 21, 2021

00:41 Giant Mailbag: Is the Sears Shop Your Way Mastercard the best cash back card ever? 5:42 What crazy thing...did Radisson Rewards do? 12:21 Mattress running the numbers: Should Greg use a Marriott... free night certificate or earn a new one? 22:07 Main Event: Easy top tier Hyatt elite status. Should you go for it? https://frequentmiler.com/easy-path-to-top-tier-hyatt-status/ https://frequentmiler.com/my-misadventures-with-a-hyatt-premium-suite-award/ https://frequentmiler.com/how-to-get-top-tier-hyatt-elite-benefits-without-status/ 56:30 Post roast / question of the week: Are we grossly under-valuing Hilton points? Join our email list and follow us on social media: https://frequentmiler.com/subscribe/ Music credit: Annie Yoder

Transcript
Discussion (0)
Starting point is 00:00:00 frequent miler on the air starts now today's main event easy top tier hyatt elite status should you go for it interesting question we'll be debating that question today on black shirt day black shirt day that's right did you get the memo are you wearing your black shirt today we are both wearing our black shirts and so hopefully anyone listening to this is also wearing their black shirt for today. I hope so. I hope so. Hopefully you read our minds. Right, right. Because if you need to, pause the recording and go get your black shirt on. It's black shirt day. But first, let's get into the giant mailbag. We have an email from a reader named John. And I'm not going to read the whole email, but I'm going to read the subject heading of the
Starting point is 00:00:52 email, which is, is the Shop Your Way Rewards MasterCard the new king of cash back? In his email, he goes on to say that he has gotten so many promotions for cash back on this card. So the card normally earns shop your way, useless, mostly useless, shop your way points as rewards for spend. But he gets promotions for like cash back, you know, spend this much, get $30 back, spend this much, get 5% back, whatever. And a whole bunch of them overlapped. And so he, he spent about 600 bucks at Kroger and got a full
Starting point is 00:01:31 20% cash back on top of getting shop your way points as well. That's amazing. That, that, that harkens back to the days of, uh, the Sears shop your way where you'd get like a hundred percent back in points and then roll the points into something else that gets you 100% back in points, right? I mean, like, whoa, that 20% plus you got whatever the Shop Your Way points are worth. Obviously not much, but something free. Yeah, yeah. And actually, you know, the Shop Your Way points aren't as worthless as they used to be because you can use them to buy like third party gift cards. So you can sort of turn them into things
Starting point is 00:02:05 you really want instead of very hard to use shop your way points. Funny story on that. I just finally sold some of my free shop your way stuff this past weekend. They were attachments for a drill. And my wife was like, I don't even know what we paid for those. And I was like, I don't either. It was some shop your way points. And like they were free with points and we got more points and I have no idea what else we got. But finally, like six years later, I sold the stuff at a garage sale. Right, right. That was like me. I think it was about six months ago that I unloaded my garage full of Bluetooth speakers and things like that.
Starting point is 00:02:41 Yeah. Oh, the serious shop your way days were so much fun. But but yeah, the shop your way card. So there's two, right? There's like the shop your way card that only earns shop your way days were so much fun. But but yeah, the shop your way card. So there's two, right? There's like the shop your way card that only earns shop your way points. And then there's this the mythical one that some people have gotten over the years that earns thank you points somehow. And and the promotions on these cards have been out of control. I mean, I didn't know actually that the shop your way points card was getting the same kind of ridiculous promotions. I knew that the one that earned thank you points did. So I was surprised to hear about the fact that the useless shop your way card is not so useless. Not surprised that they're doing crazy promotions though, because
Starting point is 00:03:13 that seems to be the thing on this year's carts. Yeah. Yeah. It's very interesting. I don't know how it's sustainable, but you know, I guess they're... Well, I do. There's only six people that have the card. We've got a marketing budget. There's only six people that have the card. They've got a marketing budget. There's like six people that have the card. So you got to divide that somehow. I mean... So what do you think?
Starting point is 00:03:33 Is it worth a 524 slot to pick up one of these cards? No, probably not. Probably not. But at the same time, if you're way over 524, what do you got to lose, I guess, right? I mean, if you're at LOL 24, then why not? Right. Right. So next time at, uh, at Sears and you want to save like 5% on your overall purchase, sign up for the card there. Exactly. I mean, you know, it's, it's a game. It's one of those gamble things, you know, people, I know that there are people that love the gap banana Republic card,
Starting point is 00:04:00 or at least did for a long time. Uh, because you know, you could earn a lot back there. They did similar kind of stuff. Yeah. So, but it's one of those things that I mean you're getting that card just hoping that there's going to be some crazy promotions and the track record looks pretty good so I mean yes yeah it's intriguing anyway it was a fun find it was it was so personally I have so much trouble keeping track of the promotions on cards I already have right I don't really want that I think I think oh stop it Greg I think you would have less trouble keeping track of the promotions on cards. I already have. I don't really want that. I think, I think,
Starting point is 00:04:26 Oh, stop it, Greg. I think you would have less trouble keeping track if you were like, Oh, 20% back at the grocery store. Yeah. Okay.
Starting point is 00:04:33 The rest of the cards are going back in the, you know, in the sock drawer, so to speak. I mean, I hear what you're saying, but, but if we're talking about 120 back on 600,
Starting point is 00:04:41 I don't think you'll forget about that. Will you? Yeah, maybe not. But my question is, will those keep happening? Well, right. Of course. Yes. And nobody knows that. My question for John is, John, what are you doing with the shop your way card? Like, how did that happen? Like now we know. So there's an excuse for the next person who applies, but I want to know what your story was, John. Well, you know did well you know people right i mean people used to have a reason which was to uh get that and hope to be able to product
Starting point is 00:05:09 change to the the one that has shop uh city thank you points but that i think they shut down that that avenue but i'm not they did too but yeah exactly yeah because because nobody wants to apply for the shop your way card to find out. Except now, maybe they will. That's why we don't know. Now, maybe they will. Thanks, John. So yeah, I'm thanking you on behalf of whoever it is that runs the credit card portfolio for the Citi Shop Your Way card because they must have a hard time selling that sucker. So thank you for them. All right. So then what crazy thing next? What crazy thing did Radisson Rewards do this week, Greg? OK, so I have a booking with a Radisson hotel outside of the Americas, but I made that booking before the anti-merger.
Starting point is 00:06:01 Anti-merger. You know what I'm talking about. So Radisson broke up this past summer. It broke up with itself. It's now two rewards entities. There's Radisson Americas and Radisson or Radisson Hotels or something like that, which is everywhere else except the American. Clear as day, right? Radisson Rewards and Radisson Americas. Glad they split those up and named them really carefully. That's right. That's right. And so the issue is, so I now want to cancel that reservation. But when I log into my Radisson Americas account, it's not there. Of course not, because it's not a Radisson America's reservation. It's a Radisson Rewards reservation. Exactly. But it was right. And so as instructed
Starting point is 00:06:57 by Radisson with the anti-merger, I created an account with the same email address over at Radisson Non-Americas and hope that, you know, this reservation would show up there. It did not. Okay. That's fine. Cause I could go to the email confirmation that has a link that says manage this reservation. No problem. Right. Sure. Well, you just click there, right? Just click there and you get a 404 error. And page not found, right? So you have a reservation. You're pretty sure you have a reservation because you made one and you have an email confirmation, but there's no record online that this actually happened, right? Right, right, right. So you did some research and you found that there's a whole thread on Flyer Talk with people having the same issue and people going back and forth between the two Eratosons trying to get them to resolve this issue.
Starting point is 00:07:49 And they point fingers at each other and basically cause a lot of distress without solving many people's problems. So we reached out to Eratoson contact and asked them not just, you know, what should I do in this example, but what should people do in general? And here's the crazy thing, if I'm remembering the answer right. not just what should I do in this example, but what should people do in general? And here's the crazy thing, if I'm remembering the answer right. They did some research and they came back with this. First, you need to cancel the reservation. And so the way to do that is either to contact the hotel- Wait, wait, wait, wait, stop, stop. Before you even say that, first thing you need to do is cancel the reservation. Now, if you were thinking, oh yeah, that's easy. Remember, it doesn't show up on Radisson America. It doesn't show up on Radisson International, and it doesn't show up when you click the email. So there is no way to do that.
Starting point is 00:08:35 Like yourself online, right? You can't even find it. If you search, if you go to one of those Radisson sites and you put in the confirmation number and your name, it just doesn't show up. It's not there. Oh yeah. I forgot to mention that part. Yeah. There's no way to pull it up. Either one of those sites, it doesn't show it. And in fact, the Radisson Americas won't let you look for it because you have to put in a location and it doesn't know anything about any locations outside of the Americas. So when the first step is cancel the reservation, that is not as easy as it sounds, right? Correct. Well, I mean, this is the solution to how to cancel the reservation. That is not as easy as it sounds, right? Well, I mean, this is the solution to how to cancel a reservation is step one, cancel a reservation. But they did say the way to do that is either through the hotel directly or through
Starting point is 00:09:15 Radisson non-Americas, their customer support. So you have to call either the hotel or the customer support, not just cancel, but you have to get a cancellation confirmation number because that's important. Because then once you get through that hoop, you've got to call Radisson Americas, whereupon I am sure you're going to get a recording saying you really should try our online tool instead of waiting for hours on end. The irony. online tool and said, waiting for hours on end and finally get a person and hopefully one who knows what they're doing. And you're supposed to give them that confirmation number of the cancellation and ask them to restore your points based on that. So that's the fun process that I need to. And then that doesn't sound instant because they're going to have to submit that. And there's going to have to be some research to make sure that you actually canceled a reservation and that was made with points and blah, blah, blah.
Starting point is 00:10:12 So like you're going to give them the cancellation number and they're going to pass it on to wherever it disappears to in the ether from there. And you're going to wait however long it is that you have to wait until the points magically come back. Right. And that's the solution that was given to us from like a Radisson contact that knows that we're bloggers that write about this. It wasn't like a random customer service rep that was like, just get this off my plate.
Starting point is 00:10:34 This was somebody who actually went and did the research and came back and was like, yeah, this is how you do it. Like, here's the process. We have a process for that. I mean, you know, I very much appreciate that he came back with an answer. And I have steps to try to follow. Hopefully it'll work. But it's nice. And we asked for a process that people can follow.
Starting point is 00:10:55 So it was very clear you didn't say, hey, can you just get me my points back? You weren't looking for a favor. You were looking for how is this done so we can tell people. So of course, I mean, I expected to get whatever the official process is. I'm just making that point for readers to know that it's not like some random person made this up. This comes from a reputable source. So this is the process. And how nuts is that, that you have to reach out to the hotel? Now, if anybody who's ever canceled a Radisson reservation, you know that when you cancel it online, it does give you that cancellation number, right? It pops up with that little window. Now, I can imagine a random front desk or reservations employee at this
Starting point is 00:11:36 hotel somewhere overseas who's got whatever's going on, looking at their phone, listening to music, guests coming up to the desk or whatever, and is in the process of canceling your reservation. If they don't copy that cancellation number like right away, I don't know. Is it easy for them to go up back and retrieve it later on and find it once it's off the screen? Who knows? Right. And so you've got to you've got to rely on somebody out there to record that number right away and send it on to you so you can send it on somebody else. Because remember, you can't look up the reservation yourself online. So it's not like you can look it up and see, okay, I canceled and here's the cancellation number.
Starting point is 00:12:09 You've just got to trust somebody to do it for you. And I mean, there's a chance you'll get an email of the cancellation, but I wouldn't say it's a high percent chance, but we'll, we'll find out soon. Hopefully, hopefully. Yeah. Yeah. So yeah, that is, that is crazy, crazy. And it's not all radisson's fault to be clear because i mean it is kind of radisson's fault but not entirely because whatever reason they had to split i know that there's some limits between information sharing back and forth so right i'm glad they have some sort of a process just would have would have wished for a slightly easier
Starting point is 00:12:41 process yes yes yes or a heads up early on to be like, hey, if you want to cancel any reservations, do it before the split because it's going to get difficult. It's going to be messy, which we could have guessed at. But, you know, yeah, I mean, just just migrate all those reservations to the to the new Radisson program. That's the non-Americans and the ones that are booked the other way, you know, migrate them to the Americas. It had to be tough, though, because they couldn't create a loyalty account for you because you had to agree to whatever, you know, information being shared with whoever. So it's like it was messy. I can sympathize with them for that.
Starting point is 00:13:14 But crazy stuff. Crazy, crazy. OK, that was crazy this week. So Mattress Running the Numbers is don't book a Radis. No, I'm sorry. Mattress Running the Numbers this week. We're going to talk about you again, Greg. What have you got going on for Mattress Running the Numbers? I'm all over this. Yeah. So we're going to talk about Marriott. And I have a three-night stay
Starting point is 00:13:36 at a Marriott property coming up. And I booked it with three 35K free night certificates. The hotel would have charged 30K points per night, but I'd always prefer if it's close in that way to use certificates that have a expiration date versus points that can stay forever. So the question isn't about that part of it, but I also have a promotion in my Marriott account, which we've talked about before, which is if I stay one night on a paid rate, have one stay on a paid rate, I get a free night certificate, a 35K free night certificate. And if I do it again, another stay with a paid rate,
Starting point is 00:14:22 I can get another 35K. So up to two 35K free night certificates with two stays, I think it's valid. This promo through, let's say mid to late September, I think. And my stay is well within that period. So here's the thing. So the place I am going to be staying is going to be charging, the paid rates are one 95 for the first of my three nights or three 25 per night for nights two and three. So question, should I cancel the, the you know,
Starting point is 00:14:59 free night certificates that I booked and book paid rate instead in order to get one of these free nights or a little more complicated. Okay. Should I... Complexify it for me. Yeah. Should I book the first one as a paid rate in my name, the second night as a award night in my wife's name, and the third night as a paid rate in my name so that I would get two stays. Because if they're together in time, it will only count as one stay. But if they're separated like that, it'll count as two stays and I'll get both free night certificates. What do you think?
Starting point is 00:15:41 So you're going to pay instead of using free night certificates that are expiring, you're going to pay so you can get free night certificates that are going to expire. Right. Should I? And you're existing free. Well, no, I mean, yes. If you were to do this, you would pay to not use your expiring free night certificates in order to get two more free night certificates that are going to expire. I say thumbs down on that, Craig. I say thumbs down. And I mean, the free night certificates can be worth more, but unless you've got to use, I mean, I don't know, I guess it depends on when they expire. I'm assuming you're using free night certificates that expire January 3rd because they
Starting point is 00:16:17 already got extended or whatever. And so if that's the case, you've only got a few months left to use those. So unless you've got a really like locked in use for those certificates, I wouldn't be going out of my way to earn two more at the risk of not being able to use the two that you currently have. I think $200 for a 35K cert is a good value. Three and change is certainly a good value. And I definitely wouldn't pay three, what I use those 325 or something for the third night. Right. So I certainly wouldn't pay three, what I use those three 25 or something for the third night. Right. So I certainly wouldn't pay that much for a free Marriott 35 K free night certificate. I don't even care where you're going to use the thing. I probably wouldn't pay 325 bucks for it. Cause who knows what's going to happen between now and then, and whether you'll actually be able to use
Starting point is 00:16:58 it and blah, blah, blah. No, no thumbs down. Keep the, keep your, your reservation, burn your certificates. That's what I say. Do you disagree with me? Well, here's what I've done so far. I changed the first night of the reservation to the paid 195 rate. So the nice thing is Marriott lets you customize payments. And so I didn't have to cancel and rebook or anything. I just modified reservation, customized payments, and I was able to select that first night as a paid rate. I did not know you could do that. You could change whether it's a paid or an award night after the booking's been made. Right.
Starting point is 00:17:37 I mean, it's still the nights have to be available and it's going to be based on the current rates and all that. But it was all true that it was all available that way um and so so i just changed it to that 195 rate and my thinking is um so one of one of the three free nights was actually actually expires later than january or whatever so so i would get back that one that's good until I can't remember, let's say March of next year. And I'll get for 195, I'll get a free night that's good for a year. And I'm confident I'll use that to good value. Then I will pay with a Marriott gift card that I got for 20% off, thanks to taking advantage of an Amex offer a month or two ago. So I got some savings there. And so anyway, that's what I decided to do. I have another paid Marriott stay planned for a few weeks later where I'll be earning that second free night. So I definitely wouldn't
Starting point is 00:18:47 trade. I definitely wouldn't pay the 325. That would be crazy. All right. So I'm doing a little math here to kind of figure this out. So we've said in the past that if you were going to buy a 35,000 point certificate, you wouldn't buy it for 35,000 points, right? Because 35,000 points are more flexible. So if you were going to buy that 35,000 point certificate for points, if you could buy it using your points, how many points would you pay for a 35,000 points? How much is it worth to you?
Starting point is 00:19:20 How many points is that worth? I don't know. Let's just say 20K to throw out something. So you're going to pay 190. You know what? Let's not even do that. Well, I'll come back to that exercise in a second. Let's just say, let's say we value the certificate at a full 35,000 points.
Starting point is 00:19:38 You're going to pay $195 for 35,000 points, essentially. So you're looking at, and I know you got your discounted gift card, blah, blah, blah. Let's hold that aside for a second. So that's five and a half, like, well, almost six tenths, let's say almost six tenths of a cent for a Marriott point. Are you a buyer of Marriott points for six tenths of a cent? I mean, I know that it can be worth more. No, but I'm really buying two free night certificates because i'm getting back the one that i'd already used yep okay and i'm getting another one and so i think it's i think it's worth spending let's just call it two hundred dollars because yes i have the discount but i'm also going to pay taxes and stuff so let's just
Starting point is 00:20:19 call it even two hundred dollars for two free night certificates that I'm pretty confident I'll use to good value. And so, yeah, I'm happy with the decision. All right. All right. Yeah. I mean, I can't argue that it's a horrible decision. I was trying to question the wisdom of it, but I guess that's probably okay if you're particularly confident that you'll use them well. So I have a hard time getting really excited about the Marriott 35K certs. And the difference here is that you frequently use those to really good value. And I usually can use them to better than $95 value, but I don't always find the same great values that you do for 35K certs. Well, I'm so lucky in a way that my niece lives somewhere near a incredible property that goes for actually 30K usually in that range. And so I can always use the free night certificates and they usually sell for about $300 a night. And so I'm sure we'll be visiting her
Starting point is 00:21:27 quite often. And so no problem getting great value from those free nights. All right. So we ran it, we ran the numbers and Greg, Greg came out on top there with his switcheroo for the first night and a great tip about being able to modify the reservation without having to cancel it and rebook it. I only recently found that you could do that to change your room type. I didn't know you could do that without canceling and then rebooking because I booked one room type, but decided I wanted a different type and I didn't actually have to cancel in order to make that switch. So that was nice, especially, you know, it worked out well. So, all right, that finishes up mattress running the numbers.
Starting point is 00:22:07 Let's move in then to the main event. And it's pretty fitting here because the main event has to do with mattresses. Tell us about the main event, Greg. All right, main event. So right now there's an opportunity to get top tier Hyatt elite status easily. Now, if that sounds familiar, it's because we talked about at the beginning of this year, even at the end of last year,
Starting point is 00:22:36 we talked ad nauseum about easy pass to Hyatt top tier elite status because a bunch of overlapping promos. And now there's a promotion that's back, which overlaps with something else, which makes it possible to get top tier status again, very easily. So if you missed out on the earlier options, you still have a chance. And let me summarize how that goes. And then we'll talk about what you get with Hyatt's top tier elite status, but also we'll debate, is it really worth doing all of this for it? And I think that's a very legitimate question. But first, so here's how the plan works. You need to sign up for a new
Starting point is 00:23:19 World of Hyatt credit card. And the reason is that the new welcome bonus for that card, it not only includes points that you get, but you also get the ability to earn double elite qualifying nights on your stays this year. So that means if you get approved for this credit card, then somehow magically on your Hyatt account, when you stay at a Hyatt, you know, let's say you stay five nights, you'll earn 10 nights credit as if you had spent 10 nights there instead of five. So you're getting double elite nights. And this year, Hyatt is only requiring 30 elite nights to get to top tier status. They usually require 60. So we're kind of back in the situation we were at the beginning of this year and at the end of last
Starting point is 00:24:12 year, where kind of half of the, or one fourth of the usual actual nights spent at hotels will get you to top tier status. But there's more. The Hyatt credit card gives you five elite nights automatically, and it gives you elite nights for spend. And so if you max out the signup bonus with $15,000 spend before the end of this year, that's a lot. But if you do that, you'll not only end up with 60,000 Hyatt points total, but you'll earn a free night certificate, category one through four free night certificate from 15K spend. So that's six additional elite knights. Anyway, the bottom line is that with 15K of spend and the new credit card, I mean, on that new credit card- Assuming you get approved for the card now, right? Non-existent cards, people who got approved starting the 16th of this month, right?
Starting point is 00:25:18 Right. With the offer that mentions the two elite, the double elite knights, you'll only need to stay 10 knights in a Hyatt by the end of the year. Only 10 knights to get globalist elite status, which is their top tier elite status. That's amazing. 10 knights. Right. 10. I mean, that's not even usually enough for anything with Hyatt, right?
Starting point is 00:25:37 Can you discover a status maybe or something? Like, I mean, 10 knights is a very, very slim requirement. And it's worth noting that after you've done the 15,000 spend on the Hi-Hat card, you'll earn a free category one to four free night certificate that you can use. So then you're really going to need, well, not really nine nights, right? Because you're doubling. Well, no, you double that. Right.
Starting point is 00:26:00 So yeah, only nine. Nine paid nights or nights booked with booked with points that's right points and you'll have more than enough points in your account to cover nine nights because if you're if you're booking a low category hotel yes exactly a category one hotel yeah then you would have more than enough for your nine nights so so basically you could look at this if you can book a category one hotel as a credit card offer that gives you essentially a high elite status, right? High globalist status.
Starting point is 00:26:29 Yeah, yeah. We're 15K spent, right? That's right. So part of the part, it's like thinking of it as part of the minimum spend requirement to get that globalist status benefit is that you have to spend 10 nights at a Hyatt. Yeah, there you go. There you go. Yeah, yeah, go. There you go. Yeah. Yeah. Yeah. Just look at it that way. You know, that's not a bad requirement if you're staying
Starting point is 00:26:51 at a nice Hyatt. How long it lasts. So once you get global status, you have that status for the rest of this year, all of next year and through February of the year after that. So that's how long it lasts. So not as good as if you had done this at the beginning of the year, because then you would have had most of this year to enjoy the status if you had done any traveling this year. But otherwise, you know, a decent amount of time. So I guess one of the things I should point out, if you're not a big spender, you can still do this with 5K spend. So 5K spend will unlock sort of most of the credit card bonus of points. So you'll get a 30K bonus.
Starting point is 00:27:39 Well, really 35K bonus points. So you'll have a total of 40K points with 5K spend. And, excuse me. Wow, got something caught. 35k bonus points. So you'll have total of 40k points with 5k spend. And if you just spend 12 nights in Hyatt's, that'll be enough to get you where you need to go. So you can do it with more modest spend as well. Right. Which is totally reasonable, I think, to do $5,000 spend on the card. And so if you can't hit that $15,000, $5,000 spend in 12 nights is still quite a low hurdle. Now, I would recommend if you can find a way to do the $15,000 spend to do it because you're in a free category one to four night at Hyatt each year, each calendar year that you do 15K spend. And if you're going to be going after globalist status, you might as well get yourself
Starting point is 00:28:29 globalist benefits if you're hanging on to the certificate long enough to use it after you've got globalist status, I guess. But I mean, I think it's worth spending towards that type of thing on the card and earning some valuable points along the way. So yeah, I mean, I think it's very interesting. And if you're having trouble meeting the spend, there are lots of different ways to do that. Of course, obviously, there's manufactured spending techniques that some people do that have different varying levels of risk. Whether or not you want to do that is certainly kind of a personal decision for you. We've written a lot lately about opportunities to buy coins from the US.S. Mint and resell them. Now, Chase added some language a while back that indicated that those may not earn rewards or may
Starting point is 00:29:10 code as cash advances, haven't yet so far. And there's risk in buying those and reselling those for sure. So there's a lot of reading to be done there and determining whether or not that's for you. But I think in the last month here, there's just been a hot streak where I think we've probably written about or seen more than $10,000 in coins that one could have purchased and resold and potentially hit the spend. So there are ways to get there, even if you feel like that's a high hurdle. But is it worth doing that? Is it worth jumping over those or jumping through those hoops and taking whatever risks come along with them in order to get globalist status until February of 2023, right? I mean, is globalist status worth it? Well, yeah, right. So let's talk about first what globalist status gives you.
Starting point is 00:29:56 Actually, let me let you summarize that and then I'll just chime in if I think you're missing. Okay. So the key benefits of having global status are, well, number one, Hyatt takes good care of globalists. And I think that if you ask anybody who's ever been a globalist, they will probably have some incredible customer service story to share with you and tell you, oh, wow, yeah, this one time, blah, blah, blah. So that's benefit number one. That's a soft benefit. We can't really quantify, but I think if you ask anybody who's had the status, they'll have a story there. But in terms of actual benefits, so first you get, well, you get free breakfast. It's free breakfast or club lounge access at hotels worldwide. So if your hotel has a lounge, you get lounge access.
Starting point is 00:30:37 If it doesn't have a lounge, you get a full breakfast. Sometimes you can take that as a room service breakfast. So that can be really nice. You get guaranteed upgrades, or I shouldn't say guaranteed upgrades. You get upgrades to the best available room, including a standard suite. So if there's a standard suite available, when you check in, you should get upgraded to it. Many times globalists do get upgraded to those suites. Now, of course, there are times probably when people will tell you they didn't for one reason or another, But there are also times where you'll hear about globalists getting upgraded to really nice suites that are even beyond the standard.
Starting point is 00:31:09 So the standard suite is the program terms. Then you get a 4 p.m. late checkout. That can be super convenient if you need to stay, stick around for a little bit longer. You get free parking on awards days. Now, if you've ever tried to park your car overnight in New York City or in San Francisco or places like that where parking is expensive, that benefit alone can be huge. I've stated the end as fifth half a bunch of times. I think their nightly parking rate is like 70-ish dollars. Park High in New York was, I think, 90 or something and didn't pay that because I had globalist status or guest of honor stay or whatever.
Starting point is 00:31:43 So speaking of guest of honor stays, if you got globalist status, you can book stays for other people and they get globalist status or guest of honor stay or whatever. So speaking of guest of honor stays, if you got globalist status, you can book stays for other people and they get globalist benefits. You can book a stay using your points for someone else, friend or a family member. And when you book it as a guest of honor stay, then they get free parking on that awards day and breakfast and potential upgrade to a suite, lounge access, et cetera, et cetera. Right. I thought you were going to forget that one. That one, I was holding that one to like mention it because we often kind of forget it because it's not a perk for yourself as much as to be super generous to friends or family and set them up for a great stay. And that's really nice. Like, you know, I, I gave my, my sister a birthday present of a stay at a Hyatt and, you know, I, I, uh, gave my, my sister a birthday present of, of a stay at
Starting point is 00:32:26 Ohio and, you know, booked her as a guest of honor. And, and so she's going to enjoy, you know, all of those benefits that you just talked about. And that's cool. Cause it, it doesn't cost me more for her to get those benefits. It just costs me the point rate. Right. Right. And, and, you know, we, uh, we traveled with friends a couple of years ago and they were on a guest of honor stay and they had never stayed at a hotel where they had club lounge access. And the place we stayed was a place that typically would have been out of their budget for a trip like that. So they were, you know, thrilled, thrilled to bits with the places we stayed and the
Starting point is 00:33:01 benefits that they got. And so it's nice to be able to do that for friends, people that you like and want to be able to surprise with something like that. So the globalist has a whole bunch of good benefits. And then there are the milestone benefits. And that's part of the key, I think, here in questioning whether or not globalist status is worth it, because one of the things that people frequently associate with globalist status isn't actually a globalist benefit. And that's those guaranteed suite upgrades. And so it used to be that that was just a perk of globalist status, but it's not that way anymore. Nowadays, if you stay, is it 50 nights, you get the first two, right? And then 60 nights, you get two more, I think,
Starting point is 00:33:38 if I remember correctly. So if you're in 50 elite nights, and then again, at 60 elite nights, you get two guaranteed suite upgrades. And the way those work is when you book your stay, you can apply one of those suite upgrades to confirm a suite for a stay of up to seven nights in advance right away when you book your stay, if it's available to be used. And so that's an awesome benefit, but it's not a globalist benefit. It's a milestone benefit. So you have to get to 50 nights in order to have that. So it's important to mention that because I'm sure that there are a lot of people out there who have heard about that benefit before and might be thinking about it. That's not going to come with it if you only do 10 nights. If you stay 10 nights this year and do
Starting point is 00:34:14 your 15K spend, you're not going to get that guaranteed suite upgrade. Absolutely correct. Yep. You will earn some club upgrade awards that will be totally useless to you. Yeah, because you get free access to the club anyway. And so that's kind of disappointing. But you might earn some of them before getting to Globalist. I think at 20 nights you'll get some. So you might be able to have the benefit of it while doing, you know, maybe your final five nights or so, depending on how you arrange things. And it's worth mentioning that once you hit that 30 nights that are required for globalist status this year.
Starting point is 00:34:55 So when you follow Greg's plan, you do the 15K spend and you stay 10 nights, you'll have earned 30 elite nights or 30 tier nights as Hyatt calls them. And along with that, you'll get a free category one to four certificate, free night certificate for a category one to four hotel. And that's in addition to the one you get for doing 15K spend on the credit card. So you get a category one to four free night certificate for 15,000 spent on the credit card, and you get another one for hitting 30 elite nights with Hyatt. So you'll end up with that too. So there's a lot of benefit here in terms of going after globalist status. I mean, it's a pretty valuable status. A lot of these nice Hyatts breakfast for two people each day could easily run you a hundred dollars. And so that benefit can be very valuable. If you like staying at those higher end Hyatts parking suites now and then when you get
Starting point is 00:35:45 them, I mean, that's really the ideal type of elite treatment. If you want great treatment, when you stay places, I mean, this is it, right? It is, it is, you know, and it doesn't compare, you know, people who have only experienced like Marriott or Hilton's elite status. Hyatt is just, it's more universally applied. There aren't hotels or there aren't many hotels that try to get around what they're supposed to do. And there's plenty that go above and beyond. It's not unusual to have a welcome gift in the room and have other- And a nice welcome gift. It's not usually just like a bottle of water. Sometimes it'll be a bottle of water and some fruit or something, but sometimes it'll be really nice.
Starting point is 00:36:28 You know, they give you a nice little spread of food or a cake or chocolates or whatever that can be quite nice. So yeah, they do that. And then sometimes they'll go above and beyond. I know I've heard stories of this not being the case in the US, but abroad perhaps,
Starting point is 00:36:42 where if the lounge is closed, they'll do something in order to make up for that. I know our own Steven Pepper recently stayed at a Hyatt abroad where the lounge was closed. And I read what he wrote about it. They apparently offered a dinner buffet. I know that surprised me. A dinner buffet. And I looked at the pictures and I was like, that is dinner. That's not a club lounge spread. That was a dinner spread that they put on because the lounge was closed. Yes.
Starting point is 00:37:10 Yes. That was, that was a great, uh, unusual though. I wouldn't expect that. I wouldn't expect that either, but there are certainly places where they'll, they'll do something to go again, that above and beyond that particular response, not necessarily usual, but the effort to go above and beyond is less response, not necessarily usual, but the effort to go above and beyond is less unusual with Hyatt. It is, it is, it is.
Starting point is 00:37:30 And, and, you know, this is from two guys who've had Hyatt top tier status, at least on and off for, for a number of years, really enjoyed it and have also had near top tier status with Marriott and have occasionally enjoyed it. It's a very different experience. I mean, Marriott, some hotels do go above and beyond, but it's just much more hit or miss. Much more hit or miss, yeah. So, all right. So it's got great benefits. However, I have to ask you, is it worth going after this? Because I mean, I wrote a post this week about how anybody without status can easily book suites with Hyatt. Hyatt offers premium suite awards,
Starting point is 00:38:05 and this also makes Hyatt stand out versus its competitors in the sense that it is both a possible and be reasonably priced to book premium suites. You can book not only standard suites, but you can book a premium suite. In some cases, that can be really nice. I mean, I used one example in the post of a congressional suite in Washington, DC. It's like a 1500 square foot suite that you can book for double the points that it would cost for a standard room. So for the cost of booking two rooms, you get yourself a room that's probably as big as at least three rooms, right? Yeah. Yeah. And now Hyatt's also starting to open up those destination residence properties to booking with Points. And these are like vacation rentals. Sometimes they're full houses. And so they mapped those different types of rentals to
Starting point is 00:38:54 the idea of suites and premium suites. And so I saw premium suites that were like four bedroom, enormous houses available through there, just as an example, but even some standard suites, which are much cheaper to book, you know, two or three bedroom, some really nice looking properties. So that and yes, that's very unusual. And as you said, you don't need that status to get in a suite. You just need either to use points to upgrade a standard cash rate, or you need points to book the whole thing on a points reservation. And you could do it either of those ways. So why bother?
Starting point is 00:39:42 Why do all this to get status? Yeah, I mean, it is a question that deserves an answer because, you know, the premium suites in particular with Hyatt or the standard suites also, the fact that you can book them easily and in general reasonably is a good argument for not going after status because sometimes those premium suites also come with club lounge access. Sometimes. So, you know, that's not going to be the case at every single Hyatt, but in some cases that's the case. So if that happens to work out in the places where you want to go, it can be a great deal. And as I wrote about this week, in some instances, you can book a standard rate for a standard room, which might be relatively reasonable and upgrade for 9,000 points a night to an out of control suite. So you can get essentially the same level of benefit as a globalist for a reasonable price oftentimes, or again, you could do it entirely on points.
Starting point is 00:40:40 So, and you can also, by the way, do that with a club lounge room. So with 3000 points a night, plus the standard rate, you can get yourself a club lounge room. So you can get yourself club lounge access for 3000 points a night on top of the pay rate. Right. What you're not going to get with, without globalist status involved is the free parking on award nights, free breakfast in a place that doesn't have a lounge. And, you know, unless for some reason the the room rate includes it um what else uh i feel like i'm missing like one important one uh oh you you'll still have to pay the resort fee if it's a if it's a paid rate right so on award rates nobody
Starting point is 00:41:19 nobody pays the resort fee so um which is actually another great benefit of Hyatt and Hilton, by the way, also does that. Well, and it's worth noting that the points I just made about premium suites, the premium suite upgrades really the key of my post this week was that you can get good value on those paid rates where you pay for a standard room and then you upgrade using points and you can upgrade using points to a club lounge room, to a standard suite, to a premium suite. But where I would say that there is a benefit in being a globalist is some of those places where I'd like to stay can be pretty darn expensive. And so, for example, at the Grand Hyatt Kauai, if you were able to, and it's a resort, so you can't, but if you were able to upgrade the standard room to a suite or a club lounge room, it's still going to cost you
Starting point is 00:42:03 like 750 bucks a night most of the time. And I'm not going to pay 750 bucks a night. So I want my globalist status so I can use 25,000 points for a standard room and get club lounge access. Or if I want to get crazy, the 50,000 points for a premium suite. Right. Well, I mean, without globalist, though, you could do the points suite, right? You could just book yourself into the right. But I guess my point is with, with, uh, with globalist status, I'll also get the club lounge access and the free parking and all the rest of those things. So, so you're right. So, so I'd argue what you really want more than getting globalist status is a good friend to get globalist status, because one of the things that you can do is another benefit that Hyatt has that not all hotel programs have is you can freely move your points to someone else.
Starting point is 00:42:55 Like once per month, you can move your points for free. And so if you have a friend with global status willing to do a tiny bit of work for you. You can give them points required to make a points booking for you. They can book it for you as a guest of honor reservation and you get all those benefits. Now, I don't think, I can't remember. Can they book a suite for you as a guest of honor or just a standard room? Do you know? Well, you know, that's a good question. We know they can't apply their suite upgrade award.
Starting point is 00:43:24 That's a good question. They might be able to. I don't know. Using all points? I'm not sure. That's a good question. We know they can't apply their upgrade award, but they might be able to. I don't know. Using all points. I'm not sure. That's a great question. I have to dig into that a little bit. So that seems ideal. But if you don't have a friend with global status or willing to get it and you're and you're interested in these perks like the free parking, guaranteed breakfast, blah, blah, blah. Should you do it? Well, before we sort of answer that, let's talk about what you're giving up potentially is the 100K Sapphire preferred offer that has been around for, I don't know, a couple months now, I guess, and is going on for at least another month or more. And I mean, I guess you could sign up for both. But without talking about elite status,
Starting point is 00:44:13 the Sapphire Preferred sign-up offer is like ridiculously better than the Hyatt sign-up offer. Would you agree with that? Absolutely. Without a doubt. Without a doubt. Because you get 100,000 points with only 4,000 spend. And if you want 60,000 Hyatt points, you could transfer those to Hyatt have spent $11,000 less and still have 40,000 points
Starting point is 00:44:35 left over. So without it at 44,000, when you include the points from spend, because Hyatt makes it is very misleading with how they're advertising or Chase or whoever it is that made the decision to advertise the welcome bonus on the Hyatt card as though it's all bonus points, even though 15,000 of that is really your standard spending points. They don't bother to advertise the Sapphire preferred bonus as a 104K bonus. It's 100,000 bonus points. That's right. And the Hyatt offer, really, even though it says 60,000, it's really a 45,000 point bonus offer. So really you're talking about a difference of 55,000 points, right? I mean, it's a big,
Starting point is 00:45:13 big, I mean, that'll buy you a couple of really nice Hyatt nights or 11 category one nights. So yeah, yeah. I mean, the, the, the chase, the, the Sapphire offer is, is huge. The, the Hyatt offer is like the worst we've seen in a long time for the Hyatt card, not counting the fact that you're getting double elite nights. So if you value those double elite nights, I wouldn't even consider getting the card right now if you're not going to be chasing globalist status. And do not, do not, do not get it in order to chase like a mid-tier status, like explorer status. Hyatt, unfortunately, their mid-tier and lower tier status are worth very little. It's only their top tier globalist status that's worth spending any money to get to. And I was originally going to kind of roast your point on that this week when you're basically like, ah, but you know, there's no real benefit of Explorist. And then I looked at it and I was like, oh yeah, there's, I mean, I knew that Explorist didn't come with much, but when I looked at it versus Discoverist status, the status below it, I was like, wow. Like 2pm late checkout, right?
Starting point is 00:46:22 No, they both get 2pm. That's what I mean. That's what I mean. Yeah. I was like, wow. Like 2 p.m. late checkout, right? No, they both get 2 p.m. That's what I mean. Yeah. So it's an extra half a point per dollar spent is what it comes down to. Like an extra half a point per dollar spent if you're Explorist over Discoverist. And Discoverist you can get just by having the Hyatt credit card or staying, I don't know, not very many nights. So it's yeah. And those statuses just don't come with much benefit. So agreed there that there's not much to be had with those mid tier Hyatt statuses. And I agree with you that this is the poorest part from the double elite night credits. This is the poorest offer we've seen on the Hyatt credit card in years. And it's been going on basically all year. I think this changed in January when I looked back at it to this really poor offer that sounds like it's 60,000 points, but isn't really.
Starting point is 00:47:12 But I am going to disagree with you that you shouldn't get the card unless you're going to go after globalist status. I think going after globalist status is the number one reason to get the card. The number two reason to get the card is you're about to be out of 524 slots and you know, you're going to want the card long-term. So I gotcha. Yes. Yeah. So if so, but, but okay. But you should probably still go after it. I think, I think the main reason you'd want that card long-term is because you're interested in its ability to help you get to elite status through spend. I mean, it's a good hotel card if you just use it for the free category one to four certs that you get automatically and the ones you
Starting point is 00:47:51 get with 15K spend, but it's not a great card at that level, in my opinion. Where it's great is once you're convinced that global status is the way to go and you know you're not going to be getting quite 60 nights at hotels each year, having this as a backup to say, I can still keep my status by doing a certain amount of spend on this card each year. To me, that's worth a lot and that's why I have the card. I love that ability. But I think it's worth mentioning that that's only worth, in my opinion, it's only worth a lot to people who are going to manufacture a lot of spend because, you know, spending 5,000 for two elite nights, questionable on a card that only earns one Hyatt point per dollar, the opportunity cost, if you're doing that instead of spending on a card that earns two or two and a half percent
Starting point is 00:48:44 cash back or spending towards a new welcome offer is high. I mean, it's not it's not cheap. You're not getting those elite nights cheaply if there's an opportunity cost. Now, if you're somebody who can easily spend a lot of money through whatever techniques it is that you use, then then, yes, it's I think it's nice to have that around. It makes sense. So so I agree that it is a good tool for getting yourself to elite status. It can be a decent tool for its annual free night start. And keep in mind that Hyatt allows you to gift those free night certificates. Now, if you're going after global status, you're probably not going to want to do that. But if for example, like my wife, you open the card thinking that, okay, well, I'll get the card now because I'm about to be over 524.
Starting point is 00:49:26 So it's a good time to get it. And that way I'll have it down the road when my husband's global status runs out because he's not going to stay 60 nights next year. Then in that case, you could gift those free night certificates that you are in this year or to someone going after the status next year, so to speak, if you needed to. So there's potential benefits there. But generally speaking, I agree. Worth getting if you want to go after globalist status. And globalist status, I think, is worth going after because you're essentially getting, for 10 nights, you're getting a status that normally requires 60. So even if you're not going to use it to death next year,
Starting point is 00:50:02 you're going to probably get more out of it than whatever it's going to cost you to death next year. You're going to probably get more out of it than whatever it's going to cost you to go after it without much effort. If you're going to stay at some Hyatt hotels without much effort, some effort, but not much effort. And then who knows, maybe you'll get an opportunity to do some sort of matching down the road that works out to be good. You're not going to get very many opportunities in this game to pull out a top tier status like this for this little investment. Right, right. That's true. And with couples traveling who frequently travel together, I think a great opportunity right now is to have one person
Starting point is 00:50:34 sign up for the Hyatt card and pursue the status while the other one signs up for Chase Ultimate Rewards cards like the Sapphire and the Ink cards that have huge welcome bonuses where you get points that among other things, among other things can transfer to Hyatt one-to-one. And, um, then they're also more flexible because you could also transfer them to United or Aeroplan or Southwest or what have you. Now, now here's a question I have to ask myself quickly. So, uh, you know, we were talking about the Sapphire preferred and the fact that you get the 100,000 points. And so that's worth, what, like 20 Category 1 Hyatt nights. So that welcome bonus with only 4,000 spend, by the time you finish spending the 4,000,
Starting point is 00:51:18 I'll give you almost enough for 21 nights. So two-thirds of the way to globalist status, if you just wanted to take that and invest it directly in category one stays, so to speak, right? So that gets you pretty close. And then if you're- You would only need nine more nights. Right, exactly. I mean, you're pretty close there and nine more nights. So that's another 45,000 ultimate rewards points. And there are other cards out there that could get you more than 45,000 points. I mean, I guess it'd have to be the ink cards that have a lot of spend.
Starting point is 00:51:47 So at that point, you're getting closer to the amount of spend you got to do on the Hyatt card anyway. But, you know, there are definitely other paths here. And then... Well, but the Hyatt path was assuming you're going to spend 10 actual nights at a Hyatt, you know, like paid or using points. And so if we say you're planning to do that anyway, paid nights or something, then, you know, I think you have a good point that this is similar. I mean, the Hyatt one will leave you with points left over if you don't use them for those 10 nights. But anyway, it's at least in the ballpark of, of getting you there just through points. If you're willing to check in to category one hotels for long periods of time.
Starting point is 00:52:30 Right. Right. Which may not be so bad, but no, I mean, there are some decent ones out there. Nice low category high it's out there. Decent, like I said, decent low category high it's out there in some places they can be convenient and, and great value. You know, that's the thing that I guess we didn't talk about because it's not really a globalist thing, but great value for points with Hyatt. Incredible value for points.
Starting point is 00:52:52 Yeah. I mean, it's not like any of the other chains in that way that the points required for a nice hotel are so much lower than most other chains that it really makes it an incredible deal to get Hyatt points. And it's my top preferred way of using Chase Ultimate Awards is transferring them to Hyatt. I do that all the time
Starting point is 00:53:15 because I often get great value from Hyatt points. So yeah, I think that's a great thing. Those category one to four certs are arguably better than things like the Marriott 35K free night certs. If you look at our post on the best category one to four Hyatts, you'll see some really desirable looking properties there. Plus, Hyatt is going to soon be moving to having peak pricing at certain times, peak and off-peak, like Marriott does. But unlike Marriott, the category one to four certificates 35K certs, which means if a property that's standard 35K
Starting point is 00:54:06 goes up to 40K during peak times, you can't use those certs there. So that's another nice advantage of the Hyatt program. Very good. Very good. So worth going after, I think, if you can get the card, it's worth going after. The double elite nights makes a big difference over having to actually do 30 nights this year and getting the credit card gives you the five elite nights and the doubles. So that, that reduces an already reduced path. And so that's really the key. And if you aren't eligible for the card, you're over five 24, you already have it got the bonus within the last 24 months, whatever the case may be, then there's nothing compelling, any more compelling this week than last week in terms of going after Hyatt elite status. I'm a little disappointed that Hyatt hasn't released some sort of a general offer to the general public
Starting point is 00:54:48 for more elite credit or something that makes it easier to get towards globalist status. Again, I would have liked to have seen a public offer for that, but I think a cunning way to get people signed up for the card and invested in the program. I give them credit there because that was a smart play, I think, from their perspective. Disappointing for mine. Right, right, right. And let me back up though. Before we say this is worth pursuing, it's worth pursuing if you're confident you're going to be staying at Hyatt's often enough to take good advantage of the benefits. And I'm not talking about staying at the cheap Hyatt's that give you free breakfast anyway.
Starting point is 00:55:25 You're not going to get many benefits at those. Correct. At best case, you'll get free parking, maybe if it's a city one, but usually they have free parking anyway. So you have to be staying at like mid to high tier Hyatt's, plans to stay a lot. But don't do this just for the game of getting top tier status if you don't think you're actually going to get a lot of Don't, don't do this just, just for the game of getting top tier status. If you don't think you're actually going to, uh, get a lot of value from it. Good point. Good point. But I will, my one bone to pick there is you don't probably have to stay at those mid to high tier Hyatt's a lot to get more value than, than what you're putting into
Starting point is 00:55:59 it. Right. I mean, if you are great, you will, but, but you know, one, one good stay at an expensive Hyatt where you get breakfast and free parking, uh, you know, could probably pay for those 10 nights. So, uh, you know, depending on how long your stay is, blah, blah, blah, ins and outs, but you don't actually have to stay all that long. And hopefully the 10 nights will be a legitimate, uh, fun trip that you'll enjoy spending those 10 nights. And so that would be then a win all around as well. Right. Right. So pretty cool. Very good. Okay. Well then that brings us into the post roast. And I heard that Greg didn't do his homework. So I am going to give Greg, not really a post roast, but a reader roast. So a reader roast that's going to lead into the
Starting point is 00:56:42 question of the week. And I know you saw this, but I don't know if you've thought about it very much yet. So the comment from the reader, the roasted, you know, the comment that roasts us to collectively really is, all right, I think you and all of the points bloggers grossly underestimate the value of Hilton points and bonuses. So there's a roast that you are grossly undervaluing Hyatt bonuses, or I'm sorry, rather Hilton points and bonuses. So there's a roast that you are grossly undervaluing Hilton bonuses and Hilton points, right? So that's the point that the reader made. Okay. Now, they went on to explain why.
Starting point is 00:57:17 And it was a long explanation that I feel like kind of warrants a post. And so I may end up looking at this and seeing how we can turn this into a post because I thought it was an interesting argument. It was quite long. But the essence of the argument was that there are three different Hilton credit cards. And so a couple playing in two player mode, if they were each willing to get the three cards, they would get six Hilton credit cards between the two of them. And the argument that was put forth was that you get an average return on spend of around five, you could pretty easily end up with one point one million Hilton points and a few free night certificates. And so you want to say, OK, the two player mode, they do that in year one. And then they use those points at a place like the Grand Wileya that costs $700 a night. And between the points and the free night certificates,
Starting point is 00:58:26 you can get yourself a $15,000 stay playing in two-player mode in year one with, I don't know, 30,000 spend or something. He was positing something along those lines. So what do you think, Greg? Are we undervaluing Hilton points and Hilton bonuses? Because you can get a lot out of these bonuses, right? Yeah. Yeah. No, you know, I think we pride ourselves in grossly underestimating welcome bonuses. Right. I mean, so so if you look at our our best offers credit card page, we have estimated first year value. And that's based on a very conservative estimate of how much value you may
Starting point is 00:59:07 get out of your points. And like, if you look at the Hilton cards, for example, we're basing that on the fact that when I did some research, I found that on average in the U.S., various markets within the U.S., I only saw on average about 0.4 of a cent value per point with Hilton Points. So that's the number that is at least currently used to estimate the value of a, let's say, a 100,000 point signup bonus. Then we say, oh, it's worth $400 for that first year. And, but we are very, very, very aware that you could get way, way more value than that by using those points at a better value. So, you know, there are places and that's why we love points.
Starting point is 01:00:01 That's why we love miles is because there are ways to use them to outsize value. And so, yes, he was pointing out some, some great properties where if you can get, if you can book them at the standard rate, which by the way, you published a post on how to, how to open up a Hilton calendar to, to find those standard points rates at Hilton's, which it's because it's not obvious how to find that calendar, but you know,, if you if you book your stay at those standard rates, you can get some incredible value at some Hilton properties. It's just not what you'll get if you just randomly book hotels with points. You're not going to get great value that way. But that's true with
Starting point is 01:00:40 all of all of the programs that are point-based and not tied to a cash rate. Like Southwest, I mean, it's pretty much tied to a cash rate, so you're not going to get grossly outsized value. But let's look at the Hyatt offer. So those 60,000 points that you'll earn by the time you're done with all the spend, you know, you could easily use for a, you know, I looked up two nights at the park high at New York recently and it was 975 a night or, or 30,000 points a night. So two nights,
Starting point is 01:01:18 you get yourself after tax more than more after tax, more than $2,000 more than 2000. I was going to mention the Alila Big Sur, Ventana Big Sur, which I think those nights start at $1,500. I think so, yeah. Let's say you're more likely to spend about $2,000. So that's $4,000 from that bonus. Or if you use the Sapphire preferred $100K offer, you're talking about three nights there. You're talking about four nights in a 25K property
Starting point is 01:01:45 that can often cost $800 a night. I mean, there are some incredible values to be had across the board, not just with Elton, but yes, he had some good examples. He did have some good examples, but you want your bloggers to grossly undervalue rather than grossly overvalue, right? Because rather than grossly overvalue, right? Because if we grossly overvalue, if we based everything on what you can get at the Grand Wailea in Hawaii that may or may not have, I mean, 21, he used an example in the email of 21 straight nights at like $15,000 and good luck finding 21 straight nights at the Grand Wailea where they actually have standard room availability.
Starting point is 01:02:24 You know, it's probably not going to happen. But you don't want us to base it on that, on that thing that you, A, probably can't get, and B, probably aren't going to do every single year, and C, might not even be on the radar or something interesting for everybody. You want us to base it on what you can expect to get at the Hampton Inn so that you have that much as a floor or more. And yes, you can get a lot more. You can certainly get a lot more. But I also want to caution you not to value your earnings based on how much outsized value you can get, because in the case
Starting point is 01:02:57 of Hilton points, you can buy them for half a cent each. So if you're talking about, if you're going to do the funny math and say you're going to get an average of five Hilton points per dollar spent, that's not terrible. But since you can buy them for half a cent each all the time, that's like two and a half percent cash back. You can get that much or more depending on what kind of a card you open. And if you get, for example, the premium rewards card with platinum honors or the Alliant card, you can earn that much and then buy the points when you need them and want them and use the cash back for something else when you want. So I would caution you not to value everything based on your redemptions. But at the same time, like Greg said, we are well aware you can get a lot more value out of all of the points than what we list as our baselines. And in fact, I would say probably both of us focus on those opportunities, generally
Starting point is 01:03:47 speaking, to use our points for far more value. Right, right. So yeah, so look for our new tagline. We proudly, grossly underestimate the value of rewards. That's right. Proud of it. Proud of it. We're not going to oversell you on something by saying, hey, look, you can do this because that's not going to apply to everybody. We're going to sell you on the fact that, look, you can count on this much or more. You know, they are looking at those kind of extreme cases.
Starting point is 01:04:26 And yes, it's possible theoretically to get that much value, but in reality, you probably won't. Right. Right. And we love those extreme cases and we'll highlight those extreme cases too, when we find them and book them and stay at them and, you know, and we'll highlight that, wow, this was awesome. But I'm not going to tell you, you should get the Hilton card too, because you too can stay at the Conrad and Bora Bora and save $2,000 or whatever. I'm going to tell you, you know, that you could do this with those points, but I'm not going to value the points based on that French example. All right. So there you go. That was the question of the week. That's it. Thank you guys very much for being out there with us today. We always enjoy and appreciate having you listening with us. If you enjoyed what we're talking about and you want to get on the email list so you can see whatever that post is that I cook up about the Hilton thing, you want to go to frequentmiler.com slash subscribe. Again, that's frequentmiler.com slash subscribe to get on our email list. Follow us on Twitter and get join our frequent miler insiders Facebook group group, wherever you're watching or listening, hit subscribe, ding the notification bell, hit like,
Starting point is 01:05:28 leave us a comment. We appreciate all that stuff. It helps with whatever algorithms out there suggest this show to other people. So thank you very much for that. And we'll see you guys again next week. And don't forget today is black shirt day, like whatever day you're listening to this black shirt. All right. Bye everybody. Take care.

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