Rumor: Details Of New Premium World Of Hyatt Credit Card, With $795 Fee

A few months ago, Chase and Hyatt announced plans to expand their partnership, including introducing a new premium credit card. This is something that has been rumored for a long time, as Hyatt has been surveying this concept for years.

While there still hasn’t been an official announcement, we have reason to believe that the introduction of the new card may be imminent. An anonymous Reddit user shares what are reportedly the details of the new card, and the logic tracks. Separately, I’ve also covered the rumored World of Hyatt award pricing changes, which also tie into this overall announcement. 

Rumors of new World of Hyatt premium credit card

If rumors are to be believed, Chase and Hyatt will soon launch a new premium personal credit card, which will somehow have Park Hyatt branding, as Hyatt is trying to elevate the positioning of the brand within its portfolio.

Here are the rumored details of the card annual fee, welcome bonus, benefits, etc. (again, this is all rumored, I can’t personally vouch for this, and it’s also possible that there’s more that hasn’t been revealed):

• The card will have a $795 annual fee
• The card will have an initial sign-up bonus of 100,000 bonus points upon completing minimum spending
• The card will offer automatic Explorist status
• The card will offer a Category 1-5 free night award annually
• The card will offer 20 elite nights toward status annually, just for having the card
• The card will offer 10 elite nights toward status for every $15,000 spent
• The card will offer Globalist status if earning 20 elite nights beyond the 20 elite nights automatically deposited; however, this wouldn’t offer Milestone Rewards perks, except for the thresholds you automatically pass
• The card will offer a $200 Hyatt statement credit twice per year
• The card will offer 10x points on Hyatt purchases, and 3x points on dining and direct airline bookings
• The card will offer access to Chase Sapphire Lounges and Priority Pass

My take on this Hyatt premium credit card concept

I think the new World of Hyatt premium credit card concept is roughly what we would’ve expected. Hyatt isn’t going quite as far as Hilton or Marriott with giving out a super valuable elite tier with no spending requirement, but still, this definitely provides a huge shortcut to Globalist status.

Assuming the details of this $795 annual fee card are true:

• Up to $400 in Hyatt statement credits should largely be good as cash for card members, so that lowers the real “out of pocket” on the card to $395
• It’s interesting that the card “only” offers a Category 1-5 free night award, which is the same that will be found on the less premium version of the card (as Category 1-4 is reportedly being updated to Category 1-5, given the award category inflation)
• The Chase Sapphire Lounge access is interesting, and for some Hyatt loyalists, it may be a reason to focus on this card instead of another premium Chase card
• 10x points on Hyatt spending would be a massive bonus category, compared to the current 4x points; I’m curious if that’s accurate, or if the 10x points factors in the 5x base points that members ordinarily earn, meaning the card just offers an incremental 5x points
• There’s no denying that this creates a much faster pathway to Globalist status, both in terms of the 20 elite nights annually (compared to five on the other personal card), plus the 10 elite nights for every $15,000 spent (compared to two elite nights for every $5,000 spent on the other personal card)

I guess I’m happy to see that Hyatt doesn’t plan on just directly giving out Globalist status for holding onto a card. However, there’s also no denying that this makes it much easier to earn Globalist status, and that’s a double edged sword. It’ll make suite upgrade awards increasingly important, since complimentary suite upgrades are likely to become less common, due to increased competition.

Bottom line

We know that Chase and World of Hyatt plan to introduce a new premium credit card. While official details haven’t yet been announced, a leak outlines what the card’s perks will be, as part of a broader announcement about a reshuffling of award pricing.

If rumors are to be believed, the card will have a $795 annual fee, and will offer a huge shortcut to Globalist status, up to $400 in annual Hyatt credits, a Category 1-5 free night award annually, and more.

What do you make of the rumored details of Hyatt’s new premium credit card?