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On September 2, Hyatt officially announced the release of the Hyatt Card, a Visa branded credit card issued by Chase. This is the first credit card to be issued for the Gold Passport program anywhere in the World.
For new cardmembers, the card offers 2 free nights at any Hyatt Worldwide which is awarded on the first purchase made with the card. This feature differs from most of the other hotel credit cards in that this sign up bonus is not awarded in points (which of course can limit you as to where or when you can use them) but in actual award nights placed into your Gold Passport account. The card also offers Platinum Status in the Gold Passport program for the entire duration you are a cardmember, offers 3 Gold Passport points for each $1 spent at Hyatt and 1 Point per dollar on all your other spending. Finally, the card offers no foreign exchange fees for purchases made outside of the U.S. which means you will pay what the exchange rate is that day and not incur the typical 2-3% fee tacked onto foreign transactions. The card comes with a $75 annual fee for the primary card.
Overall the card is good option for Gold Passport members or customers who are loyal to the Hyatt brand but it may not pull many people away from other brands like Starwood as they have a stronger credit card in the U.S. or InterContinental Hotels Group which has many more hotel locations Worldwide for members to redeem points at.
For more details on the card please see: Hyatt Rewards Credit Card from Chase