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$75 Hyatt Visa forcibly PCing to $95 card

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Super Contributor

$75 Hyatt Visa forcibly PCing to $95 card

I got a notice in the mail. On January 11, 2021 my $75 Hyatt Visa is forcibly converting to the $95 World of Hyatt card.

 

Since I mostly earn with Amex and BofA, and really just use the Hyatt card for the annual night, this is unwelcome news...effectively just an AF hike. But I doubt I will cancel.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 1 of 11
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Moderator

Re: $75 Hyatt Visa forcibly PCing to $95 card

Suspect that will happen to the IHG in time as well

Message 2 of 11
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Super Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card

Yuck. 

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Last HP 09-14-2020



Message 3 of 11
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Regular Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card

It's one thing if there will be no lower AF Hyatt cards after your current one gets discontinued. I believe banks will first try to switch you to the nearest like product, and if none, convert you to a generic rewards vs. a different hotel chain. Also, I think banks may try to keep you on the same tier of card, too. For example, if Chase killed off their United Club card, they'd probably PC you to a CSR and not a CSP. 

Message 4 of 11
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Super Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card


@wasCB14 wrote:

I got a notice in the mail. On January 11, 2021 my $75 Hyatt Visa is forcibly converting to the $95 World of Hyatt card.

 

Since I mostly earn with Amex and BofA, and really just use the Hyatt card for the annual night, this is unwelcome news...effectively just an AF hike. But I doubt I will cancel.


Before you judge Chase too harshly, compare the benefits of the 2 cards.  I don't recall what the differences were but I do recall that they more than made up for the $20 hike in annual fee, and caused me to voluntarily make the product change immediately after the new card was offered.

 

 


Total revolving limits 653000 (575000 reporting)

Message 5 of 11
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Super Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card


@CreditCuriosity wrote:

Suspect that will happen to the IHG in time as well


It might even be soon. The timeline is similar, with both World of Hyatt and IHG Premier launching in 2018 with the lower-AF cards closing around then to new apps.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 6 of 11
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Super Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card


@ddm2k1 wrote:

It's one thing if there will be no lower AF Hyatt cards after your current one gets discontinued. I believe banks will first try to switch you to the nearest like product, and if none, convert you to a generic rewards vs. a different hotel chain. Also, I think banks may try to keep you on the same tier of card, too. For example, if Chase killed off their United Club card, they'd probably PC you to a CSR and not a CSP. 


Nothing is ambiguous here. I'm going from the older $75 Hyatt Visa (which closed to new application about two years ago) to the newer $95 "World of Hyatt" Visa that came out at that time.

 

My parents used Chase TravelPlus years ago, a no-AF card. When Chase discontinued that they tried to steer them not to Freedom but to the $95 CSP.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 7 of 11
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Established Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card

$20 increase to $95 sounds reasonable for a card with an included annual free night. Amex had the same thing with SPG ($95) (which is now exclusive to Chase's Boundless Visa), and their $95 Hilton did not even have a free night (which is why I canceled it). Seems like they are enforcing streamlining/simplifying their portfolio by removing legacy products.


Message 8 of 11
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Super Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card


@SouthJamaica wrote:

@wasCB14 wrote:

I got a notice in the mail. On January 11, 2021 my $75 Hyatt Visa is forcibly converting to the $95 World of Hyatt card.

 

Since I mostly earn with Amex and BofA, and really just use the Hyatt card for the annual night, this is unwelcome news...effectively just an AF hike. But I doubt I will cancel.


Before you judge Chase too harshly, compare the benefits of the 2 cards.  I don't recall what the differences were but I do recall that they more than made up for the $20 hike in annual fee, and caused me to voluntarily make the product change immediately after the new card was offered.


I did compare the benefits before posting. I didn't say the card couldn't work for anyone, just that it didn't appeal to me with my Amex+BofA focus. I like MRs and have BofA's +75% PH multiplier, so a bunch of narrowly-defined travel and dining 2x categories don't do much for me.

 

I'm losing price protection (one of the few cards that has kept it) and return protection.

 

With a lot of accumulated hotel points, I'm more focused on using points than earning them, so 4x vs. 3x at Hyatt doesn't do much.  And I'm not likely to spend $15k for an additional low-category annual night.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 9 of 11
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Super Contributor

Re: $75 Hyatt Visa forcibly PCing to $95 card


@staticvoidmain wrote:

$20 increase to $95 sounds reasonable for a card with an included annual free night. Amex had the same thing with SPG ($95) (which is now exclusive to Chase's Boundless Visa), and their $95 Hilton did not even have a free night (which is why I canceled it). Seems like they are enforcing streamlining/simplifying their portfolio by removing legacy products.


As I said, I doubt I will cancel. I have a lot of Hyatt points and I don't want to risk letting them expire if I were to close the card and forget to buy points occasionally. And eventually I will travel again and use the card.

 

I know $20 isn't much...and I know they are simplifying...I'm more grumpy over the principle of a forced AF hike on a travel card when we're in the middle of a pandemic without any recompense to customers. There were incentives in the past to upgrade but I ignored those offers as I thought I could keep my card for at least a few more years. Between Continental cards, TravelPlus, and legacy Marriott products Chase seemed to keep legacy products active for many years.

 

I have the $95 "old SPG" Bonvoy Amex. I actually got to keep the 50k night by downgrading from Brilliant right after the AF hit. Otherwise it's a 35k night.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 10 of 11
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