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Goodbye Hyatt, Hello $90K

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Aim_High
Super Contributor

Goodbye Hyatt, Hello $90K

The Chase World of Hyatt Visa Signature is a great card for Hyatt loyalists. Smiley Happy  I opened one three years ago to earn the SUB, test drive the card, and to bulk up my Chase TCL.   While I don't stay at Hyatt exclusively, it's been a regular chain for me.  Automatic "Discoverist" loyalty status is nice in some ways such as for easy late check-outs.  Over time, though, I've decided that I prefer fewer cards.  Even though many hotel cards such as the Hyatt card give a "free night" which effectively pays for the AF, I would prefer to concentrate my travel spending on general purpose travel cards, specifically my Chase Sapphire Reserve or Bank of America Premium Rewards.  The CSR gives me the option to transfer my URs to Hyatt at a competitive transfer ratio also, which further makes the Hyatt card unnecessary.  And the nights I stay at Hyatt are often paid for directly by my employer, not paid for on my card where the stay would earn those higher in-hotel points with the card.  Overall, it was an easy card to cut as I realign my wallet.  

 

For data points, Chase offered me a $50 retention offer to keep the card open.  I would have been tempted by that if I hadn't thought out the decision so carefully.  My free nights have always been worth more than the AF and the $50 would have been all profit.  But again, more simplicity is the long-term goal. 

 

For our members who want to add some great hotel cards, the Hyatt card would be among my top picks.  Most hotel or airline cards earn well at that cobranded property, but not always outside of that.   In-hotel, the World of Hyatt card earns 4 points per dollar spent.  Besides the other perks, The World of Hyatt card also earns (2) Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airline, local transit and commuting as well as fitness club and gym memberships.   And Hyatt points can be worth about 1.7 cpp.  But multiple hotel cards isn't my long-term focus.  I added the AMEX Marriott Bonvoy Brilliant last year and plan to make it my primary "hotel points" card.   While Hyatt is a great chain, the locations are much more limited than the much larger Marriott. 

 

I previously transferred part of the Hyatt card's $30K SL to other Chase cards and had assigned $10K limits to my Hyatt and Marriott cards.  The Hyatt AF was coming due in a few days and I had purposefully left it idle for over six months to try to transfer all of that CL.  Fortunately, that strategy worked and Chase allowed me to move the entire CL to my Sapphire Reserve, which increased from $80K to $90K.   That is now my highest limit card, ahead of my $85K Bank of America Premium Rewards. Smiley Very Happy

 

 

CSR_90K_20220829.jpg


Business Cards


Length of Credit > 42 years; Total Credit Limits > $957.6K
Top Lender TCL - Chase 165.9 - BofA 99.9 - CITI 98.5 - AMEX 95.1 - NFCU 80.0 - SYCH - 65.0
AoOA > 32 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 1 of 21
20 REPLIES 20
RedundantCredit
New Contributor

Re: Goodbye Hyatt, Hello $90K

Congrats on $90K!

 


@Aim_High wrote:
I had purposefully left it idle for over six months to try to transfer all of that CL.

 Did you ask for this specifically or did they offer it because the card was unused for so long? I've seen you mention this method previously but I was wondering if there are any steps beyond leaving it unused and then asking for a CL consolidation.

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Message 2 of 21
PullingMeSoftly
Valued Contributor

Re: Goodbye Hyatt, Hello $90K

Practical move @Aim_High, makes sense to simplify your lineup and consolidate your credit lines where possible. While you've received value from the free night cert in the past, there's no real need to have to manage another account when you are leaning more toward Marriott loyalty anyway. As I've been keeping my new accounts fairly minimal lately with the intent to drop below 5/24, I've had my eye on the Hyatt card. The reality is, however, that I doubt I would be staying at a Hyatt when Hilton has enough of a global footprint and I enjoy the the diamond status and credits from the Aspire. In general, the combo of your CSR and Brilliant card covers the travel bases quite well.  Might as well go deeper though, move 10k from your CFU to the CSR, let's see that 100k! Congrats on the 90, that is a huuuge credit line.






Message 3 of 21
NoMoreE46
Community Leader
Senior Contributor

Re: Goodbye Hyatt, Hello $90K

Nice and glad it worked out for you @Aim_High .

 

 

Message 4 of 21
SouthJamaica
Mega Contributor

Re: Goodbye Hyatt, Hello $90K


@Aim_High wrote:

The Chase World of Hyatt Visa Signature is a great card for Hyatt loyalists. Smiley Happy  I opened one three years ago to earn the SUB, test drive the card, and to bulk up my Chase TCL.   While I don't stay at Hyatt exclusively, it's been a regular chain for me.  Automatic "Discoverist" loyalty status is nice in some ways such as for easy late check-outs.  Over time, though, I've decided that I prefer fewer cards.  Even though many hotel cards such as the Hyatt card give a "free night" which effectively pays for the AF, I would prefer to concentrate my travel spending on general purpose travel cards, specifically my Chase Sapphire Reserve or Bank of America Premium Rewards.  The CSR gives me the option to transfer my URs to Hyatt at a competitive transfer ratio also, which further makes the Hyatt card unnecessary.  And the nights I stay at Hyatt are often paid for directly by my employer, not paid for on my card where the stay would earn those higher in-hotel points with the card.  Overall, it was an easy card to cut as I realign my wallet.  

 

For data points, Chase offered me a $50 retention offer to keep the card open.  I would have been tempted by that if I hadn't thought out the decision so carefully.  My free nights have always been worth more than the AF and the $50 would have been all profit.  But again, more simplicity is the long-term goal. 

 

For our members who want to add some great hotel cards, the Hyatt card would be among my top picks.  Most hotel or airline cards earn well at that cobranded property, but not always outside of that.   In-hotel, the World of Hyatt card earns 4 points per dollar spent.  Besides the other perks, The World of Hyatt card also earns (2) Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airline, local transit and commuting as well as fitness club and gym memberships.   And Hyatt points can be worth about 1.7 cpp.  But multiple hotel cards isn't my long-term focus.  I added the AMEX Marriott Bonvoy Brilliant last year and plan to make it my primary "hotel points" card.   While Hyatt is a great chain, the locations are much more limited than the much larger Marriott. 

 

I previously transferred part of the Hyatt card's $30K SL to other Chase cards and had assigned $10K limits to my Hyatt and Marriott cards.  The Hyatt AF was coming due in a few days and I had purposefully left it idle for over six months to try to transfer all of that CL.  Fortunately, that strategy worked and Chase allowed me to move the entire CL to my Sapphire Reserve, which increased from $80K to $90K.   That is now my highest limit card, ahead of my $85K Bank of America Premium Rewards. Smiley Very Happy

 

 

CSR_90K_20220829.jpg


Another dazzling display of self-discipline by @Aim_High 


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




Message 5 of 21
bilwilvegas
Regular Contributor

Re: Goodbye Hyatt, Hello $90K

Well played sir!

Message 6 of 21
NRB525
Super Contributor

Re: Goodbye Hyatt, Hello $90K

Kudos for making your decision to close the Hyatt card. 

DW and I have been finding many nice Hyatt-linked properties such as the Destination Resorts. They usually have kitchens, which we preferred even before pandemic travel, and are in activities areas we are Destinationing. Hyatt has been growing their alliance portfolio nicely, so while it is true Hilton and Marriott have more properties, we think the Hyatts are very nice. 

Congrats on the $90k limit Smiley Happy 

Message 7 of 21
Aim_High
Super Contributor

Re: Goodbye Hyatt, Hello $90K


@RedundantCredit wrote:

Congrats on $90K!

 


@Aim_High wrote:
I had purposefully left it idle for over six months to try to transfer all of that CL.

 Did you ask for this specifically or did they offer it because the card was unused for so long? I've seen you mention this method previously but I was wondering if there are any steps beyond leaving it unused and then asking for a CL consolidation.


Thanks very much @RedundantCredit!  

Funny you ask but I mentioned transferring the entire credit line just as the agent said she was about to offer to move it. There's never any guarantee about how much they will allow to be moved but it has appeared to me that six months of no activity increases the odds of moving it all. I've had Chase require $1,000 be left on a card to be closed.  The agent had to check the computer to see what was allowed. 


Business Cards


Length of Credit > 42 years; Total Credit Limits > $957.6K
Top Lender TCL - Chase 165.9 - BofA 99.9 - CITI 98.5 - AMEX 95.1 - NFCU 80.0 - SYCH - 65.0
AoOA > 32 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 8 of 21
Aim_High
Super Contributor

Re: Goodbye Hyatt, Hello $90K


@PullingMeSoftly wrote:

Practical move @Aim_High, makes sense to simplify your lineup and consolidate your credit lines where possible. While you've received value from the free night cert in the past, there's no real need to have to manage another account when you are leaning more toward Marriott loyalty anyway. As I've been keeping my new accounts fairly minimal lately with the intent to drop below 5/24, I've had my eye on the Hyatt card. The reality is, however, that I doubt I would be staying at a Hyatt when Hilton has enough of a global footprint and I enjoy the the diamond status and credits from the Aspire. In general, the combo of your CSR and Brilliant card covers the travel bases quite well.  Might as well go deeper though, move 10k from your CFU to the CSR, let's see that 100k! Congrats on the 90, that is a huuuge credit line.


Thanks very much @PullingMeSoftly!   Yes, I think most consumers are better to pick just one or no more than two chains to focus hotel spend.  Hilton has a great presence and the Aspire card is excellent. 

Don't worry as I have the $100K in my sights. Lol 😜 While $90K is huge, there's just something special about reaching that plateau. The CFU is fine as it is though. I had planned to close my Marriott Bonvoy Boundless ($10K) and consolidate it but I made an error. After leaving the card idle, I let the AF post which reset the clock. 😬 So I renewed it and plan to close after it ages a bit. (The agent wanted to let me transfer something horrid like $8,905! Which was the $10K less $1K less the $95 AF balance. Would have driven my OCD wild! Lol 😂)


Business Cards


Length of Credit > 42 years; Total Credit Limits > $957.6K
Top Lender TCL - Chase 165.9 - BofA 99.9 - CITI 98.5 - AMEX 95.1 - NFCU 80.0 - SYCH - 65.0
AoOA > 32 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 9 of 21
Aim_High
Super Contributor

Re: Goodbye Hyatt, Hello $90K

 @NoMoreE46 wrote:

Nice and glad it worked out for you @Aim_High .

@SouthJamaica wrote:
Another dazzling display of self-discipline by @Aim_High 

@bilwilvegas wrote:

Well played sir!


Thanks very much @NoMoreE46@SouthJamaica@bilwilvegas ! 😁

 


Business Cards


Length of Credit > 42 years; Total Credit Limits > $957.6K
Top Lender TCL - Chase 165.9 - BofA 99.9 - CITI 98.5 - AMEX 95.1 - NFCU 80.0 - SYCH - 65.0
AoOA > 32 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 10 of 21
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