American Express Daily Getaways is offering a new deal that only 100 people can get their hands on tomorrow. They're advertising a 2 night package at a category 3 Hyatt offered at $260, which is regularly $480, but really the deal is selling blocks of points at discounted rate. For $260 you are purchasing 24k points at 1.1 cents per mile, which is actually worth $480 at 2.4 cents per point.
*If you purchase the deal with your American Express card, then you can get an additional 10% off. However, there are different sets of points you can purchase, but the minimum offer is the $260, but they are not displayed on the Daily Getaways page. The highest at $775 for 69k points is broken down to 1.1 per point, which is also a great deal before taking advantage of the 10% discount for using any Amex card.
24,000 Gold Passport points for $260
30,000 Gold Passport points for $330
36,000 Gold Passport points for $415
69,000 Gold Passport points for $775
You must be a Passport Gold member to get in on the deal, so be sure to sign up here if you haven't already. After you purchase the 2 nights offer, 24,000 points will be deposited into your account, so essentially you're paying 1.1 cents per point dropping from the usual ~2.4 cents. If you use any of your American Express cards, you pay less than a penny per point thanks to the 10% off so you can get an even better deal.
There are only 100 available at first come first serve. You can set an alert to know when the sale goes live, but if you really want this great deal, you should probably be ready to refresh the screen as soon as it begins at 1 p.m. eastern.
For 69k points you can redeem 3 nights at a Category 6 hotel worth 22,000 per night.
A possible redemption could be a 3 nights stay at the Park Hyatt Maldives Park Villa. The room costs $884 per night, which is more than cost of the package worth 69k points at $775. For the cost of the package your redeem 3 nights so you're basically getting 2 free nights at a category 6 beach side resort.
For a full list of Hyatt locations you would be able to redeem your miles, check here.
The Bottom Line
This is a great deal for anyone who wants to take advantage of Hyatt hotels around the world. The cost per point for each package is about 1.5 cents or less compared. Spending $260 at the minimum for 2 nights towards a vacation is not a bad reason to hang around your computer. Keep in mind that the deal goes live at 1pm eastern or 10 am Pacific and there are only 100 packages available!