The World of Hyatt Business Credit Card is designed to maximize rewards for small business owners through accelerated earning on top spending categories. New cardmembers can earn 60,000 Bonus Points after spending $5,000 on purchases within the first three months. The card offers up to 9 total Points per $1 spent at Hyatt Hotels and 2 Bonus Points per $1 spent in the top three spend categories each quarter through 2024, and in the top two categories thereafter. Additional benefits include 2 Bonus Points per $1 spent on fitness club and gym memberships and 1 Bonus Point per $1 on all other purchases. The card carries a $199 annual fee and features a variable APR ranging from 21.49% to 28.49%.
Features
Category Bonus Points. Earn 2 Bonus Points per $1 spent on fitness club and gym memberships, in addition to the top spend categories. This feature caters to health-conscious business owners.
Other Purchases. Earn 1 Bonus Point per $1 spent on all other purchases. This ensures cardholders earn points on all transactions.
Annual Fee. The card has an annual fee of $199. This fee is important to consider when assessing the card’s overall value.
Variable APR. The APR ranges from 21.49% to 28.49%, based on creditworthiness. The variable APR is tied to the Prime Rate and can impact the cost of carrying a balance.
No Foreign Transaction Fees. The card does not charge fees for purchases made outside the United States, which is beneficial for international business travel.
Pros and Cons
Pros
New Cardmember Offer. Earn 60,000 Bonus Points after spending $5,000 on purchases within the first three months from account opening. This introductory bonus provides a substantial number of points for new cardholders.
Accelerated Earning. Earn 2 Bonus Points per $1 spent in the top three spend categories each quarter through 12/31/24, then in the top two categories each quarter. This feature helps cardholders earn more points in categories where they spend the most.
Points at Hyatt Hotels. Earn up to 9 total Points per $1 spent at Hyatt Hotels, including 4 Bonus Points per $1 spent on qualifying purchases and up to 5 Base Points from Hyatt per eligible $1 spent for being a World of Hyatt member. This maximizes point accumulation for stays at Hyatt properties.
Cons
Complex Reward Structure. The quarterly category adjustments and various point earning rates might be challenging for some users to track and maximize effectively.
Potential for High Penalty APR. Missing payments can result in a penalty APR of up to 29.99%, which can be financially burdensome.
Limited Redemption Options. While points are valuable for Hyatt stays, those looking for more diverse redemption options might find the card less appealing.
How to Apply for a World of Hyatt Business Credit Card
Online
Explore Credit Card Options. Browse through the available credit card options to find the World of Hyatt Business Credit Card. Click on the card to access more details.
Review Card Details. Take your time to review the features, benefits, and terms of the World of Hyatt Business Credit Card to ensure it meets your needs.
Initiate Application. Look for the "Apply Now" button to start the application process. Click on it to proceed.
Fill Out Application Form. Complete the online application form with accurate personal, financial, and contact information as required. Ensure all fields are filled correctly.
Submit Application. After filling out the form, review the information provided to avoid any errors. Once satisfied, submit your application.
Wait for Approval. After submission, the bank will review your application. You may receive an instant decision or have to wait a few days for a response.
Receive Card. If approved, your World of Hyatt Business Credit Card will be mailed to the address provided during the application process.
Mobile App
Log In or Register. Open the Chase mobile app and log in to your existing online banking account. If you're a new user, you may need to register for mobile banking by providing your account details and creating login credentials.
Navigate to Credit Cards. Once logged in, navigate to the section of the app dedicated to credit cards or banking products. This may be accessible from the main menu or homepage.
Find World of Hyatt Business Card. Look for the World of Hyatt Business Credit Card among the available options. Tap on the card to view more details.
Start Application. Locate the option to apply for the World of Hyatt Business Credit Card within the app. It may be labeled as "Apply Now" or something similar. Tap on it to initiate the application process.
Complete Application Form. Fill out the application form provided in the app with accurate information, including personal, financial, and contact details. Double-check for accuracy before proceeding.
Submit Application. After completing the form, review the information provided to ensure accuracy. Once verified, submit your application through the mobile app.
Wait for Response. The bank will review your application. Depending on their process, you may receive an instant decision or have to wait for a few days to receive a response.
Receive Confirmation. If approved, you'll receive confirmation within the app or via email. Your World of Hyatt Business Credit Card will be mailed to the address provided during the application process.
In Bank's Office
Research and Preparation. Begin by researching the various credit cards offered by Chase to determine which best suits your needs and preferences. Consider factors such as rewards, interest rates, annual fees, and benefits.
Gather Necessary Documents. Collect all required documents, such as a valid photo ID (e.g., driver's license or passport), Social Security number, proof of income (e.g., pay stubs or tax returns), and any other relevant financial information.
Visit a Chase Branch. Locate the nearest Chase branch by using the Chase website or mobile app. Plan your visit during the branch’s operating hours.
Meet with a Chase Representative. Once at the branch, request to speak with a representative about applying for a credit card. The representative will guide you through the process, answer any questions, and provide you with the necessary forms.
Complete the Application Form. Fill out the application form provided by the representative. Ensure all information is accurate, including personal details, employment information, and financial data.
Submit Your Application. After completing the form, submit it to the representative along with your supporting documents. The representative will review your application for completeness and accuracy.
Wait for Approval. The representative will submit your application for processing. Approval times can vary; in some cases, you may receive an instant decision, while others may require further review. You will be notified of the decision by mail or email.
Receive Your Card. If approved, your new credit card will be mailed to you. Upon receiving your card, follow the instructions to activate it and begin using it to earn rewards and manage your finances effectively.
Infographic
Eligibility Requirements
Credit Score. Applicants need a good to excellent credit score, typically 670 or higher, to be considered for the card.
Business Ownership. The card is intended for small business owners, so applicants must have an established business.
Age Requirement. Applicants must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico).
Residency. Applicants must have a valid permanent home address within the 50 United States, the District of Columbia, or a US military address.
Income Verification. Proof of income may be required to demonstrate the ability to manage credit responsibly.
No Recent Bonuses. Applicants should not have received a new cardmember bonus for this card within the past 24 months.
Personal and Business Liability. Applicants must agree to be personally responsible, both individually and jointly with the business, for all balances incurred on the card.
Credit Bureau Authorization. Applicants authorize the issuer to obtain credit bureau reports and other financial information for review during the application process.
Company Information. Information about the business, including financial details, may be required to assess eligibility.
Compliance with USA PATRIOT Act. Applicants must provide identification information such as name, residential address, date of birth, Social Security number, and other documents to comply with federal regulations.
No Existing Card. Applicants should not currently have this card or a similar card within the same rewards program from Chase.
Reasons You May Be Denied a Card
Insufficient Credit History. If you have a limited credit history or no credit history at all, the issuer may be unable to assess your creditworthiness, which could result in a denial of your credit card application.
Low Credit Score. A low credit score, often indicative of past financial difficulties or missed payments, may lead to a denial of your credit card application. Credit scores below a certain threshold may be considered risky by the issuer.
High Debt-to-Income Ratio. If you have a high debt-to-income ratio, meaning you have significant outstanding debt relative to your income, the issuer may view you as a higher credit risk and deny your application.
Recent Bankruptcy. If you have filed for bankruptcy recently, you may be denied a credit card as it indicates financial instability and an increased risk for the issuer.
Delinquent Accounts. If you have a history of late payments, defaults, or delinquent accounts on your credit report, it may signal to the issuer that you are not financially responsible and may lead to a denial of your application.
Multiple Recent Credit Applications. Applying for multiple credit cards or loans within a short period, especially if accompanied by rejections, may raise concerns for the issuer about your financial stability and lead to a denial.
How to Pay Off Credit Card Debt
Access Your Account. Sign in to your Chase online banking account or mobile app to access your credit card information.
Review Your Balance. Take a moment to examine your outstanding balance, including any accumulated interest or fees.
Choose a Payment Method. Determine how you wish to proceed with your payment. Chase provides several convenient options, such as online banking, mobile banking, in-person at a financial center or ATM, by phone, or through the mail.
Online Payment. If you opt for online payment, log in to your account, proceed to the bill pay section, and follow the prompts to initiate a payment. You can select to pay the minimum amount due, the full balance, or a customized amount.
Mobile Payment. Alternatively, you can utilize the Chase mobile banking app to complete a payment. Choose your World of Hyatt Business credit card account and follow the prompts to finalize the payment process.
In-Person Payment. For those preferring in-person transactions, visit a Chase financial center or ATM. You can make a payment using cash, a check, or your debit card at the ATM, or seek assistance from a representative at the financial center.
Phone Payment. To make a payment over the phone, dial the Chase customer service number and follow the automated instructions to navigate to the payment section. From there, you can complete the payment using your checking account or debit card.
Mail Payment. Lastly, if mailing your payment suits your preference, utilize the payment address provided on your billing statement. Ensure to include your World of Hyatt Business credit card account number on the check or money order and allow adequate time for delivery.
Confirm Payment. Following your payment submission, verify that it has been successfully processed. You can check your account balance online or via the mobile app to confirm the payment's application to your World of Hyatt Business credit card debt.
Editorial Opinion
This credit card may appeal to small business owners who frequently stay at Hyatt properties or have diverse spending needs across various business-related categories. The accelerated earning structure allows cardholders to maximize points in their highest spend categories, potentially offering significant value. However, the annual fee and variable APR are factors to consider when evaluating the overall benefits of the card. The introductory offer of 60,000 Bonus Points can provide a substantial boost to those looking to leverage the World of Hyatt loyalty program for business travel.
Additional Resources
Sources
Other Loans
