What To Know
- This can be a more risky option, but it can also allow you to get a higher price for your points.
- You can often get a better price if you sell your points in bulk.
- By following the tips in this blog post, you can get the most value from your Hyatt points, whether you choose to sell them or use them for other rewards.
Yes, it is possible to sell your Hyatt points for cash or gift cards. This can be a great way to monetize your unused points and get some extra money or discounts on future travel.
Why Sell Hyatt Points?
There are several reasons why you might want to sell your Hyatt points:
- You have accumulated more points than you can use.
- You don’t plan to use your points in the near future.
- You need cash or gift cards for other expenses.
- You want to maximize the value of your points by selling them for a higher price.
How to Sell Hyatt Points
There are two main ways to sell Hyatt points:
1. Through a Points Broker
Points brokers are companies that specialize in buying and selling hotel points and miles. They offer a convenient and safe way to sell your Hyatt points for cash or gift cards. Some popular points brokers include:
- Points.com
- AwardWallet
- MileagePlus
- PointsGuy
2. Through a Private Sale
You can also sell your Hyatt points privately to friends, family, or other individuals. This can be a more risky option, but it can also allow you to get a higher price for your points. To find private buyers, you can use online forums, social media groups, or travel websites.
How Much Are Hyatt Points Worth?
The value of Hyatt points varies depending on how you redeem them. Generally, you will get the best value by redeeming them for free nights at Hyatt hotels. However, you can also redeem points for other rewards, such as gift cards, airline miles, or experiences.
When selling your points, you can expect to get around 0.5 to 1.5 cents per point. The exact price will depend on the broker or buyer you are using.
Factors Affecting the Value of Hyatt Points
Several factors can affect the value of your Hyatt points, including:
- Time of year: Points are typically worth more during peak travel seasons.
- Hotel category: Points are worth more for higher-category hotels.
- Location: Points are worth more for hotels in popular destinations.
- Availability: Points are worth more when there is limited availability for free nights.
Tips for Selling Hyatt Points
Here are a few tips to help you get the most value when selling your Hyatt points:
- Compare prices from multiple brokers: Don’t just go with the first broker you find. Take the time to compare prices from different brokers to get the best deal.
- Negotiate with private buyers: If you are selling your points privately, don’t be afraid to negotiate with potential buyers.
- Sell your points in bulk: You can often get a better price if you sell your points in bulk.
- Wait for the right time to sell: The value of Hyatt points fluctuates throughout the year. Try to sell your points when they are worth the most.
Is Selling Hyatt Points Legal?
Yes, selling Hyatt points is legal. However, it is important to note that Hyatt’s terms and conditions prohibit the sale of points for cash or other consideration. If Hyatt discovers that you have sold your points, they may terminate your account.
Alternatives to Selling Hyatt Points
If you don’t want to sell your Hyatt points, there are other ways to get value from them:
- Use them for free nights: This is the best way to get value from your Hyatt points.
- Redeem them for gift cards: You can redeem Hyatt points for gift cards to popular retailers, such as Amazon, Walmart, and Starbucks.
- Transfer them to other loyalty programs: You can transfer Hyatt points to other loyalty programs, such as United MileagePlus and Southwest Rapid Rewards.
- Donate them to charity: You can donate your Hyatt points to various charities, such as the American Red Cross and the Salvation Army.
The Bottom Line: Making the Most of Your Hyatt Points
Selling your Hyatt points can be a great way to get cash or gift cards for future travel. However, it is important to do your research and understand the risks involved. By following the tips in this blog post, you can get the most value from your Hyatt points, whether you choose to sell them or use them for other rewards.
Quick Answers to Your FAQs
1. Is it safe to sell Hyatt points?
Selling Hyatt points through a reputable points broker is generally safe. However, selling points privately can be more risky.
2. How long does it take to sell Hyatt points?
The time it takes to sell Hyatt points varies depending on the broker or buyer you are using. It can take anywhere from a few hours to a few days.
3. What are the tax implications of selling Hyatt points?
The tax implications of selling Hyatt points vary depending on your country of residence. In the United States, you may be required to pay taxes on the proceeds of the sale.
4. What are the alternatives to selling Hyatt points?
You can use Hyatt points for free nights, redeem them for gift cards, transfer them to other loyalty programs, or donate them to charity.
5. How can I get the most value from my Hyatt points?
The best way to get value from your Hyatt points is to use them for free nights at Hyatt hotels. You can also redeem them for gift cards or transfer them to other loyalty programs.
