I think it depends on how much traveling you do. If you do one trip per year, and you are going to stay in a cat 1-4 Hyatt for at least one night, then yes it can be... however, it’s equally possible you would find another rewards or cash card to be more useful. Ex, I am using the cat 1-4 free night for when we arrive after a long flight. The cheapest room at this location/time is $345 before tax and fees. The card has paid for its self in this one trip.
However, I travel a little for work, and our family takes a few vacations during the year. This is where the card shines. You get instant status in the Hyatt rewards program. To be clear, it’s the lowest status level. Pre status, when staying at a Hyatt, we would get junk rooms (next to the AC units / elevators / trash dumpsters). After gaining this low status, I have booked the lowest tier room and been either upgraded to a better room category (about one out of five stays) or been given a decent room (no AC units, not adjacent the elevators, no waking up to the 5AM trash pick up). Now add in the points accrued using the card and bonus points. I have used points for a cat 1 room (5000 points), which would have cost $200; they also threw in free valet, saving an additional $45. I have also used points to stay at a location when a specific event is occurring, and with their dynamic pricing model, the rooms were $3250 a night! I used 60,000 points and saved $6500 pre tax and fees.
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