Chase and Hyatt Launch First World of Hyatt Business Credit Card
07 October 2021 - 2:32AM
Business Wire
Introducing first-ever adaptive rewards
accelerator from Chase for small business owners to earn double
World of Hyatt points on categories where they spend the most
Today, Chase Card Services (NYSE: JPM) and Hyatt Hotels
Corporation (NYSE: H) announced the launch of the new World of
Hyatt Business Credit Card, designed to reward small business
owners and Hyatt customers for how they do business. This first
business credit card offered by Hyatt features an adaptive rewards
accelerator that allows business cardmembers to earn double World
of Hyatt points per quarter on categories they spend the most,
helping them quickly achieve free nights, elite status, room and
suite upgrades and other highly coveted rewards.
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World of Hyatt Business Credit Card
(Photo: Business Wire)
“Now more than ever, small business owners have demonstrated
their resilience and innovation as they continue to navigate the
challenges of the current environment,” said Amy Weinberg, senior
vice president, loyalty, brand marketing and consumer insights,
Hyatt. “We heard from members and business owners that they look to
be rewarded in personalized ways for how they do business. This new
card allows every business expense – from hotel rooms to cell phone
bills to shipping fees and more – to be a vehicle for personalized
and valuable rewards, which can be used on one-of-a-kind
experiences across the 19 brands and more than 1,000 locations
worldwide that participate in World of Hyatt.”
“We designed the benefits and services of the new World of Hyatt
Business Credit Card based on extensive consumer and small business
research,” said Ed Olebe, President of Chase Co-Brand Cards.
“Today’s small business owners are seeking flexibility, value,
choice and personalization. We’re proud to work with Hyatt to offer
a credit card that 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 World of Hyatt Business Credit Card, a Visa Signature®
Business Credit card, offers valuable benefits including:
- More Bonus Points:
- Adaptive accelerator that rewards cardmembers with 2 Bonus
Points per $1 spent for their top three of eight spend categories
each calendar quarter through Dec. 31, 2022; and top two of eight
spend categories in 2023 and beyond—with no cap on the Bonus Points
they can earn
- Spend categories include 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
- 9x Points total on Hyatt stays and experiences – that is based
on:
- 4 Bonus Points per $1 spent on the card at Hyatt hotels and
resorts, including participating restaurants and spas
- Plus 5 Base Points from Hyatt per eligible $1 spent at Hyatt
hotels and resorts as a World of Hyatt member
- 2x Bonus Points for fitness club and gym memberships
- 1 Bonus Point on all other purchases
- More ways to achieve higher status:
- Automatic Discoverist status in World of Hyatt (typically
requires 10 Tier-Qualifying Nights or 25,000 Base Points)
- 5 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 (maximum of 20,000 Bonus Points per
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
two times each anniversary year
- Additional benefits include:
- World of Hyatt Business Credit cardmembers can gift up to 5
Discoverist statuses to their company employees
- No fee for employee business cards
- No foreign transaction fees
- Complimentary roadside dispatch
- Primary rental car collision damage waiver
- Extended warranty protection
- Purchase protection
- Trip cancellation/travel interruption insurance
- Travel and emergency assistance services
- Access to Hyatt Leverage, Hyatt’s global business travel
program that offers special rates to qualifying small and mid-sized
enterprises at participating Hyatt hotels worldwide
For a limited time, new World of Hyatt Business Credit
cardmembers also have access to the following cardmember
bonuses:
- Earn up to 75,000 Bonus Points (equivalent of up to 15 free
nights at a category 1 Hyatt hotel or 2 free nights at a category 7
Hyatt hotel or resort) after spending $7,500 within the first three
months from account opening.
- Cardmembers who apply by Dec. 31, 2021, can receive a
complimentary one-year Headspace subscription (valued at $69.99 per
year); Headspace subscription must be redeemed by Dec. 31, 2022.
- This offering is an extension of Hyatt’s exclusive global
wellbeing collaboration with Headspace, a global leader in
mindfulness and meditation, and builds upon Hyatt’s holistic
wellbeing strategy. This Headspace subscription is designed to help
business owners prioritize mental health, thus building healthier,
and more productive cultures and higher performing organizations.
For more information about Headspace, please visit
www.headspace.com.
The new World of Hyatt Business Credit Card joins Hyatt and
Chase’s previously launched co-branded World of Hyatt Credit Card,
designed to reward today’s travelers for making everyday
purchases.
The World of Hyatt Business Credit Card is now available and has
an annual fee of $199. For more information about the new World of
Hyatt Business Credit Card, visit www.chase.com/hyattbizcard.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Chase
Chase is the U.S. consumer and commercial banking business of
JPMorgan Chase & Co. (NYSE: JPM), a leading global financial
services firm with assets of $3.7 trillion and operations
worldwide. Chase serves more than 60 million American households
with a broad range of financial services, including personal
banking, credit cards, mortgages, auto financing, investment
advice, small business loans and payment processing. Customers can
choose how and where they want to bank: More than 4,700 branches in
48 states and the District of Columbia, 16,000 ATMs, mobile, online
and by phone. For more information, go to chase.com.
About World of Hyatt
World of Hyatt is Hyatt’s award-winning guest loyalty program
uniting participating locations in the Park Hyatt®,
Miraval®, Grand Hyatt®, Alila®, Andaz®,
The Unbound Collection by Hyatt®, Destination by
Hyatt™, Hyatt Regency®, Hyatt®, Hyatt
Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt
Centric®, Caption by Hyatt, JdV by Hyatt™,
Hyatt House®, Hyatt Place®, UrCove, and
Hyatt Residence Club® brands. Members who book directly
through Hyatt channels can enjoy personalized care and access to
distinct benefits including Guest of Honor, confirmed suite
upgrades at time of booking, diverse wellbeing offerings, mobile
key, and exclusive member rates. With more than 25 million members,
World of Hyatt offers a variety of ways to earn and redeem points
for hotel stays, dining and spa services, wellbeing focused
experiences through the FIND platform; as well as the benefits of
Hyatt’s strategic loyalty collaborations with American Airlines
AAdvantage®, Small Luxury Hotels of the World™, Exhale®,
Lindblad Expeditions and MGM Resorts International. Travelers can
enroll for free at world.hyatt.com, download the World of Hyatt app
for android and IOS devices and connect with Hyatt on Facebook,
Instagram and Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20211006005361/en/
Heather Caufield Chase Card Services
Heather.Caufield@chase.com
Glennie Janssen Hyatt Glennie.Janssen@hyatt.com
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