For business owners who frequently travel and value premium hotel experiences, the Chase World of Hyatt Business Credit Card offers a compelling suite of benefits designed to enhance stays and maximize rewards within the Hyatt ecosystem. This card is a powerful tool for accumulating World of Hyatt points, achieving elite status, and enjoying valuable perks that can significantly improve your business travel.
Key Benefits and Features
The Chase World of Hyatt Business Credit Card comes packed with features tailored to business owners. Let’s break down the most significant ones:
- Generous Welcome Offer: New cardmembers can typically earn a substantial bonus after meeting a specified spending requirement within the first few months of account opening. This welcome offer often provides enough points for several free nights at Hyatt properties, giving you a significant head start on your rewards. Always check the most current offer on Chase’s official website, as these can change.
- Accelerated Point Earning: The card offers competitive earning rates on everyday business expenses:
- 4 points per $1 spent at Hyatt hotels, including eligible charges like room rates, dining, and spa services.
- 2 points per $1 spent on up to $50,000 in combined purchases per anniversary year in the top three spending categories for your business. These categories automatically adjust based on where you spend the most, ensuring you always maximize your rewards. Common categories include shipping, advertising services, gas stations, internet/cable/phone services, and more.
- 2 points per $1 spent on fitness club and gym memberships.
- 1 point per $1 spent on all other eligible purchases.
- World of Hyatt Elite Status: One of the most attractive benefits is the path to elite status. Cardmembers automatically receive Discoverist status with World of Hyatt for as long as their card account is open. Discoverist status includes perks like complimentary premium internet, preferred room assignments (upon availability), late checkout (upon request, when available), and a dedicated elite check-in area.
- Beyond Discoverist, you can earn 5 qualifying night credits toward your next tier status for every $10,000 spent on the card in a calendar year. This can significantly accelerate your progress toward Globalist, Explorist, or even Lifetime Globalist status, unlocking even more valuable benefits like free breakfast, lounge access, and suite upgrades.
- Annual Free Night Award: On your cardmember anniversary, you’ll receive a free night award valid at any Category 1-4 Hyatt hotel. This benefit alone can easily offset the card’s annual fee, providing excellent value. Plus, you can earn a second free night award (Category 1-4) by spending $60,000 on the card in a calendar year.
- Hyatt Credit for Future Stays: Each anniversary year, you can receive up to $100 in Hyatt credit ($50 per $50,000 spent, up to $100) on eligible Hyatt purchases made with your card. This credit applies to charges like room rates, dining, and spa services at participating Hyatt hotels and resorts.
- Employee Cards at No Additional Cost: You can add employee cards at no extra fee, and their spending will also contribute to your overall point accumulation and help you reach spending thresholds for additional benefits. This is a great way to consolidate business expenses and maximize rewards.
- No Foreign Transaction Fees: This is a crucial benefit for business owners who travel internationally. You won’t incur any additional fees when making purchases outside of the United States.
- Travel and Purchase Protections: As a Chase business card, it comes with a suite of built-in travel and purchase protections, including:
- Primary Car Rental Insurance: Provides coverage for physical damage and theft to most rental vehicles.
- Trip Cancellation/Interruption Insurance: Reimburses you for non-refundable travel expenses if your trip is canceled or interrupted due to covered reasons.
- Purchase Protection: Covers new purchases against damage or theft for 120 days.
- Extended Warranty Protection: Extends the manufacturer’s warranty on eligible purchases.
Who is This Card For?
The Chase World of Hyatt Business Credit Card is ideal for:
- Small and Medium-Sized Business Owners: Especially those with significant travel expenses, particularly to Hyatt properties.
- Frequent Hyatt Guests: If you regularly stay at Hyatt hotels, this card will help you maximize your rewards and enhance your experience.
- Individuals Seeking Elite Status: The accelerated path to elite status through spending is a significant draw for those aiming for higher tiers like Explorist or Globalist.
- Those Who Value Free Night Awards: The annual free night and the ability to earn a second one can provide substantial savings.
How to Apply for the Chase World of Hyatt Business Credit Card
Applying for the Chase World of Hyatt Business Credit Card is a straightforward process, typically done online. Here’s a general outline of the steps and what you’ll need:
- Visit the Official Chase Website: The first step is to go to Chase’s official website and navigate to their business credit card section, specifically looking for the World of Hyatt Business Credit Card. Beware of third-party websites offering applications, as they may not have the most up-to-date information or security protocols.
- Review the Offer Details: Before applying, carefully read through the current welcome offer, annual fee, interest rates, and all terms and conditions. Ensure you understand the spending requirements for the welcome bonus and other benefits.
- Gather Necessary Information: You’ll need to provide information about yourself and your business. Be prepared with the following:
- Personal Information: Full name, date of birth, Social Security Number (SSN), and residential address.
- Business Information:
- Business Legal Name: The official registered name of your business.
- Business Address: Your primary business location.
- Business Phone Number:
- Business Type: (e.g., Sole Proprietorship, Partnership, LLC, Corporation).
- Industry Type: Your business’s industry.
- Employer Identification Number (EIN): If you have one. Sole proprietors may use their SSN.
- Annual Business Revenue/Sales: Your estimated or actual annual business income.
- Years in Business: How long your business has been operating.
- Number of Employees:
- Monthly Business Expenses: An estimate of your typical monthly business spending.
- Complete the Online Application Form: Fill out all the required fields accurately. Double-check all information before submitting.
- Submit Your Application: Once you’ve reviewed everything, submit your application.
- Application Decision:
- Instant Approval: In some cases, you might receive an instant approval decision.
- Pending Review: Often, applications go into a pending review status. This means Chase needs more time to review your information. You might be asked to provide additional documentation or information.
- Denial: If your application is denied, Chase will typically send you a letter explaining the reasons for the denial. You can sometimes call the Chase reconsideration line to discuss your application and provide more context.
Important Considerations
- Annual Fee: The Chase World of Hyatt Business Credit Card carries an annual fee. While the benefits often outweigh this cost for frequent travelers, it’s essential to factor it into your decision.
- Credit Score: A good to excellent personal credit score is generally required for approval. Chase will review your personal credit history even for business card applications.
- Chase 5/24 Rule: While business cards from Chase typically don’t count towards your personal 5/24 status, it’s still generally harder to be approved for a new Chase card if you’ve opened 5 or more personal credit cards from any issuer in the past 24 months. This rule primarily applies to personal cards.
- Business Spending Habits: To truly maximize the card’s benefits, ensure your business spending aligns with the bonus categories and that you can comfortably meet any spending requirements for welcome bonuses or additional free night awards.
In conclusion, the Chase World of Hyatt Business Credit Card is a valuable asset for business owners seeking to enhance their travel experience within the World of Hyatt portfolio. Its robust earning structure, elite status benefits, and annual free night awards make it a compelling choice for those who frequently stay at Hyatt properties and want to get the most out of their business expenses.
