Posted by William Charles on June 28, 2018
Credit Cards

Published on June 28th, 2018 | by William Charles

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New Chase Hyatt Card – 5/24 Does NOT Apply & Weak Upgrade Bonus

Chase has launched a new Hyatt cobranded card called ‘World of Hyatt’, we discussed it in more detail here. Two F.A.Q’s readers had were answered in this post by Point Me To The Plane (who had access to Leslie Gilin, Chase President of Co-Brand Cards). The questions and answers are:

  • Does the Chase 5/24 rule apply to this card? Update: According to Gary Leff from View From The Wing the 5/24 rule won’t immediately apply to this card, but it will in the future. Yes. (Although I’m not 100% sure this is accurate as previously Chase has refused to answer direct questions regarding 5/24 and Point Me To The Plane incorrectly describes 5/24 as ‘…meaning those who have been approved for five new Chase card sign-ups in the past two years may get rejected’ 5/24 looks to all the cards you’ve been approved for, not only Chase cards.)
  • Will there be an upgrade bonus? Yes. You’ll be able to receive 2,000 points for upgrading and presumably paying the $25 difference in annual fees. That upgrade offer is pathetically bad, but I guess they know that some people will want to upgrade regardless of the bonus offered.

Chase 5/25 data points:

5/24 doesn’t apply: 1, 2,

 



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DS
DS

Any idea if it’s possible to apply for this new card while concurrently holding the old one?

Aaron
Aaron

No. “The product is not available to either (i) current Cardmembers of any Hyatt Credit Card, or (ii) previous Cardmembers of any Hyatt Credit Card who received a new Cardmember bonus within the last 24 months.”

HoKo
HoKo

So I guess in that scenario you could close existing Hyatt card and just apply for the new one since it is not subject to 5/24 (and assuming you received the bonus on your current hyatt card more than 24 months ago)

Jason
Jason

What if i got a Hyatt card with the 2 free nights instead of a points bonus? Can i cancel my current Hyatt and get this one?

BW
BW

If it’s been more than 24 months since you got the 2 night bonus you’d be eligible for the 60K point bonus.

Bob Roberts
Bob Roberts

Could you (at some point) do a comparison of the cards to help us mortals understand if it’s worth an upgrade?

ChaseJuggler
ChaseJuggler

Hyatt are my all time favorite currency, but we will never be below 5/24. This is a huge blow to us, but thank goodness we just churned it a few months ago!

Frank
Frank

Does 5/24 apply to the older Hyatt card link with 40,000 bonus offer now too?

Gary Leff

I asked the 5/24 question that Leslie answered. She said it wouldn’t apply immediately, but to expect it, and to expect it to roll out to other products where it isn’t currently being applied though no timetable was offered [expect it to be at different times for different products].

NinjaX
NinjaX

holy shit. to all other products? welp. looks like the writing was on the wall..

JF
JF

Holy shit is right. There’s several non 5/24 cards I’ve never had but planned to eventually come back to. Now I’ve gotta figure out how many and which ones to go for without getting shut down.

NinjaX
NinjaX

exactly. same here. fuck man. looks like i wont be touching chase for awhile and they are getting all these awesome cards. wtf.

Frank
Frank

Quick question, Anyone know if Chase Ritz card is 5/24 now?

Riley
Riley

Not now, but it sounds like it may be soon…

Jasper
Jasper

I have the current version of the card for 4 years. Can I cancel it and then apply for this new card and get the 60k sign on bonus? So I did not get the sign on bonus in the last 24 months. I am under 5/24

Daniel
Daniel

Have a similar situation where my wife received the bonus on the old card 23 months ago, and cancelled the old card around 12 months ago. We’re counting the days until we planned on reapplying, but are we looking at a chance she could get both bonuses? If the new card is the only one with the language around not having any other Hyatt cards, maybe we could apply for that one first and then apply for the old version as well?

Dan
Dan

I’m past the 24 months since receiving the last bonus so im in this exact situation. Waiting to see what the data points are on double dipping. If its possible, the best method would be to do what you said, apply for the new one and then the old one.

Smitty
Smitty

I think it will work to close the old card and re-open the new card (assuming you haven’t gotten the bonus on the old Hyatt card in 24 months). I did this exact thing last year with a Chase Southwest card that had the same language, and I received the bonus.

pete
pete

data point – i’m LOL/24 overall, have a couple of chase cards (recently the marriott business since 5/24 didn’t apply), never had the hyatt card, instantly approved just now for $20K credit line,

Parts Unknown
Parts Unknown

What CB did they pull? Experian?

pete
pete

no idea at this point. not something I particularly track TBH.

BW
BW

This will depend on your state. In some states they pull 2.

Andy
Andy

Assuming you’ve had the current card for over 2 years (and thus received the sign up bonus > 24 months ago), do you think you could cancel the current card now and signup for the new one to receive the signup bonus?

Smitty
Smitty

Yes, it is highly likely that you can. I did this exact thing with a Chase Southwest card last year that had the same language.

Ethan
Ethan

If you recently got the Hyatt (Just received card last week and have not gotten the bonus for previous amount) could you cancel and apply for new Hyatt to receive better bonus instead of the awful upgrade??

BW
BW

I’d ask Chase to match you to the better offer first. Your existing Hyatt card will still count towards your 5/24 and so would the new one if you went that route. (if this matters to you)

Peter
Peter

With the old Hyatt card spend $50,000 and get Explorist status.
With the new card you spend $65,000 to get Explorist (26 nights plus 5 each year).
Hmmm which card is better for status?

CTW
CTW

The new card is better for people who cannot spend 50k, since it allows a combination of card spend and stays. Where with the old card, it was all spend or nothing.

zalmy

Get the old card, complete 50K, upgrade and continue for Globalist

MickeyMouse
MickeyMouse

I was told the 50k spend only counts if it’s actually spent AT Hyatt with the card. I only figured that out about 25k spend in… 🙁

Is the new card the same?

Mike
Mike

It’s total spend on card. All of it counts towards Globalist.

Robert
Robert

On the old card, the $50k spend does not have to be at Hyatt, any spend will do. The new card gives 2 elite qualifying nights for each $5k you spend on the card, again anywhere works.

Jason
Jason

I currently have the old card for 3 years. Received the bonus 3 years ago. Can I close the old account and open it? It appears that this does not violate any rule to get the new bonus. Any thought?

Smitty
Smitty

I think it should work. I did this exact thing last year with a Chase Southwest card with similar language and I received the bonus.

Spencer
Spencer

In the Marriott upgrade recently, I got a $68 credit for the old pro-rated annual fee and no new annual few was changed. I also got the Marriott points (20k) as offered after the first purchase with the upgraded card. I also have the Hyatt card and 2k points is really weak!

Dan
Dan

To me that says Chase wants 5/24 to be standard, but has some agreements that prevent that. I think this point explains why these cards are triggering shutdowns.

BW
BW

I think it’s more about the credit profile of the folks applying for the non 5/24 cards. Going lol/24 with a bunch of hard pulls then coming back to Chase for non 5/24 cards, they have a big bust out score and represent too much risk for Chase.

asd
asd

i have a credit card and i closed it 6 months ago from hyatt and it is still showing discoverist statues on my account? does that delay expiration? and if it does delay expiration does the expiration clock start ticking reotoractively or only from there on forward ?

MickeyMouse
MickeyMouse

Your status usually lasts for 2 years from when you get the card then renews if you keep the card past that. IME

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