Tool is designed to reward small business owners and customers >>
by: Harvey Chipkin
Hyatt Hotels Corporation and Chase Card Services announced the launch of a World of Hyatt Business Credit Card, designed to reward small business owners and Hyatt customers for how they do business. This is the first business credit card offered by Hyatt (Hyatt and Chase have had a personal card for 11 years) and features an “adaptive rewards accelerator” that allows business cardmembers to earn double World of Hyatt points per quarter on the categories where they spend the most, helping them quickly achieve free nights, elite status, room and suite upgrades and other rewards. Amy Weinberg, senior vice president, loyalty, brand marketing and consumer insights, Hyatt, said the card allows every business expense — from hotel rooms to cell phone bills to shipping fees and more — to be a vehicle for personalized rewards, which can be used on experiences across the 19 brands and more than 1,000 locations worldwide that participate in World of Hyatt. Ed Olebe, president of Chase Co-Brand Cards, said that small business owners are seeking flexibility, value, choice and personalization. He said the new card allows them to make the most of their top business expenses with the ability to earn valuable points and higher tier status to enjoy on their next trip to a Hyatt destination, whether they are traveling for business or leisure. The new card, a Visa Signature Business credit card, has an annual fee of $199 and offers the following benefits:
Bonus points: • Each quarter, cardholders will receive bonus points based on which of eight categories they spent the most. The categories are dining; airline tickets purchased directly with the airline; car rental agencies; local transit and commuting; gas stations; internet, cable and phone services; social media and search engine advertising; and shipping.
More ways to achieve higher status: • Automatic Discoverist status in World of Hyatt (typically requires 10 tier-qualifying nights or 25,000 Base Points);
• Five tier-qualifying night credits with each $10,000 in spend on the card in a calendar year;
• With World of Hyatt’s 2021 reduced elite status criteria, World of Hyatt Business Credit cardmembers can earn top tier Globalist status with $60,000 in spend on the card now through Dec. 31, 2021.
Additional ways to spend and earn: • Spend $50,000 or more on the card in a calendar year and receive 10% of redeemed points back as bonus points for the remainder of the calendar year.
• Earn $100 in Hyatt credit each anniversary year: Spend $50 or more at any Hyatt property and earn $50 in statement credits up to twice each anniversary year.
There is an introductory offer for the card of up to 75,000 bonus points for spending $7,500 within the first three months from account opening.