Being informed about the credit card you keep in your wallet is essential when making wise financial decisions. This World of Hyatt Business Credit Card review will show you the perks and shortcomings of this card. While it has a relatively steep annual fee, this could be outweighed by the generous rewards you can redeem if you are a business owner who travels frequently.
MoneyGeek’s Take
World of Hyatt Business Credit Card Review
The World of Hyatt Business Credit Card offers luxurious benefits for small business owners who love to travel since it gives them travel protections, rewards and elite hotel perks. With a large sign-up bonus and rewards program, this card is worth considering.
Doug Milnes, CFA
Head of Credit Cards at MoneyGeek
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets. Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
Alene Laney
Finance Journalist
Alene Laney is an award-winning personal finance writer with over a decade of experience in media. Her works have been featured on Bankrate, Rocket Mortgage, GoBankingRates and Yahoo! Finance, among others. Laney has a degree in English literature, history from the University of Utah.
Doug Milnes, CFA
Head of Credit Cards at MoneyGeek
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets. Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
Alene Laney
Finance Journalist
Alene Laney is an award-winning personal finance writer with over a decade of experience in media. Her works have been featured on Bankrate, Rocket Mortgage, GoBankingRates and Yahoo! Finance, among others. Laney has a degree in English literature, history from the University of Utah.
Updated: October 7, 2024
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Moneygeek.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
- PROS
- Ideal for Hyatt loyalists
- Lucrative rewards structure
- Range of travel protections
- No foreign transaction fees
CONS- No airport lounge access
- Value limited to Hyatt properties
- Annual fee
- Earn 60,000 Bonus Points after spending $5,000 in the first 3 months.
- Earn up to 9 points per $1 spent at Hyatt properties (4 Bonus Points per $1 on qualified purchases at Hyatt hotels and up to 5 Base Points per $1 as a World of Hyatt member).
- Earn 2 Bonus Points per $1 in your top three spending categories each quarter.
- Earn 2 Bonus Points per $1 on fitness club and gym memberships.
- Earn 1 Bonus Point per $1 on all other purchases.
- Receive up to $100 in Hyatt statement credits annually (spend $50 or more at any Hyatt property and earn $50 statement credits up to two times each anniversary year).
- Get 5 Tier-Qualifying night credits for every $10,000 spent annually.
- Enjoy World of Hyatt Discoverist status for as long as your account is open, plus extend Discoverist status to up to five employees.
- Member FDIC.
MoneyGeek gathered and analyzed data from the Consumer Finance Protection Bureau's credit card agreement database. We pay close attention to detail when standardizing data points and rankings. We also perform monthly data reviews and re-rankings to ensure that our data is up-to-date.
World of Hyatt Business Credit Card Overview
To better understand how to rack up bonuses and rewards with the World of Hyatt Business Credit Card, here’s a breakdown of how the program works.
>>MORE: CHASE ULTIMATE REWARDS: PROGRAM GUIDE
Quick Take
- Earn 60,000 Bonus Points after spending $5,000 in the first 3 months.
- Earn up to 9 points per $1 spent at Hyatt properties (4 Bonus Points per $1 on qualified purchases at Hyatt hotels and up to 5 Base Points per $1 as a World of Hyatt member).
- Earn 2 Bonus Points per $1 in your top three spending categories each quarter.
- Earn 2 Bonus Points per $1 on fitness club and gym memberships.
- Earn 1 Bonus Point per $1 on all other purchases.
- Receive up to $100 in Hyatt statement credits annually (spend $50 or more at any Hyatt property and earn $50 statement credits up to two times each anniversary year).
- Get 5 Tier-Qualifying night credits for every $10,000 spent annually.
- Enjoy World of Hyatt Discoverist status for as long as your account is open, plus extend Discoverist status to up to five employees.
Important Card Details
The World of Hyatt Business Credit Card benefits are generous, but they come at a cost. The important considerations when evaluating this card are the annual fee, the APR and the balance transfer fees.
High annual fee
The $199 annual fee is more expensive than the $95 fee of a personal Hyatt card.
Balance transfer fee
If you want to transfer an outstanding balance of one card to the World of Hyatt Business Credit Card, a fee of $5 or 5% will be charged, depending on which option is bigger.
Regular APR
This card has a high APR of 21.49% – 28.49% APR depending on purchases and balance transfers. It currently doesn’t offer an intro APR promotion.
Additional Benefits
The World of Hyatt Business Credit Card is great for traveling since it has no foreign transaction fees, and you’ll receive travel insurance and purchase protection as well. It also allows you to share a World of Hyatt membership with other people.
How the World of Hyatt Business Credit Card Compares To Other Cards
The World of Hyatt Business Credit Card offers benefits for traveling, no foreign transaction fees and a generous rewards structure. To see how it compares to other business credit cards, it helps to put them side-by-side and take a quick look at their features.
How the World of Hyatt Business Credit Card Compares
World of Hyatt Business Credit Card
- Annual Fee: $199
- APR: 21.49% – 28.49% variable
- Recommended Credit: Good-Excellent
- Foreign Transaction Fee: None
- Best For: This card is best for small business owners who are loyal to Hyatt and travel often
Ink Business Cash® Credit Card
- Annual Fee: None
- APR: 18.49% – 24.49% variable
- Recommended Credit: Good-Excellent
- Foreign Transaction Fee: 3%
- Best For: This card is best for small business owners who frequently shop for office supplies
Frequently Asked Questions
You need a good to excellent credit score (660 or above) to get approved for the World of Hyatt Business Card.
Chase does not disclose whether or not they report your World of Hyatt Business Credit Card information to any of the credit bureaus.
If you are a current Chase customer, you can sign in to your account to apply for the card faster. However, if you are not a Chase customer, you will need to complete the full application process.
Aside from basic personal information, you will need to certify that you have the authority to be issued a credit card containing the name of your company.
Chase offers a 24/7 customer service hotline as well as mobile and online services to ensure customers have access to help when needed.
Yes, you can pay by managing your account online through the Chase website or mobile app.
Yes, Chase increases your credit limit automatically depending on your credit score and usage.
Yes, you can freeze your account via phone, website or mobile app.
Yes, Chase offers a wide range of credit cards besides World of Hyatt Business Credit Card. These include both personal and business cards.
About Doug Milnes, CFA
Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.
Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.
sources
- Chase Credit Cards. "World of Hyatt Business Credit Card." Accessed October 7, 2024.
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