Once again, Hyatt Hotels is appearing on cashback portals, but the question remains: will it stick this time?

Hyatt Hotels starting to appear on cashback portals

One of the best ways to double-dip on your hotel stays is to book with a cashback portal, and now Hyatt Hotels is making an appearance. Here are just a handful of portals that include Hyatt Hotels:

• Topcashback
• Capital One Offers & Shopping

These are not yet appearing on tracking sites like cashbackmonitor.com or others. Before booking, you’ll want to take specific note of any excluded areas. Some offers only apply to certain regions around the world.

This doesn’t include the option to double-dip on Rove miles, which is an on-going offer. But the great news is that any of these offers will still earn you elite credit and points with Hyatt on top of what you earn from the cashback portal. If you book with a company like Expedia, you’ll only earn points with the third-party, but these portals give you the best of both worlds.

Both prepaid and refundable rates are acceptable. Booking with points or “non-commissionable” rates are not valid.

Last time we saw this, it lasted for a very short time

Back around Thanksgiving 2025, Hyatt briefly appeared on cashback portals. We didn’t report on it at the time because it literally only lasted a couple of days. At the time, no one expected it to appear, and ultimately disappear, so quickly. It was almost like it was a gift from Santa with how brief the appearance happened.

There were many who, during that brief window, rebooked their cash hotel stays. It’s part of the benefits of staying on a refundable rate–if a better deal comes around, you want the ability to rebook as needed. No credit was earned on points stays (understandably) but the bonus might have convinced some from switching from points stays to paid stays.

That benefit lasted a very short time, at the time perhaps influenced by how strong the response was from everyone rebooking their stays. We didn’t expect it to come back for quite some time, and yet it’s now starting to appear on cashback sites again. Will this time be any different?

You can probably thank the devaluation for this

Though there is no official word on why this is now once again available through certain cashback portals, but we’d like to venture a guess why. The prevailing theory on why Hyatt is now once again bookable via cashback portals is because of the devaluation. That’s right–good news can come from a devaluation (though it doesn’t make you whole).

There are two main reasons we’d argue Hyatt is now again available and potentially here to stay.

It was once too rewarding, but now there are fewer people booking

No one likes a devaluation. You can try to rationalize it, but the inevitable result is that there’s a rush to book points stays immediately before the devaluation, and then there’s a lull immediately after. It’s a rush, hush, crush trend that sometimes appears in certain industries.

There’s a rush to use up your benefits right before a devaluation. That makes sense: the loyalty program announces a future devaluation and so people rush to use benefits, even if they would otherwise be hesitant to make bookings. Why wait when the points are worth less later? Points bookings are generally refundable, so there’s no harm with making prospective bookings.

The ‘hush’ period is when people delay on making bookings with points because the points are worth less. Not worthless, but worth less than they were before. It feels silly to book something now, right after it costs more points than it once did.

The ‘crush’ period represents normal award redemption rates, plus the pent-up demand from people holding off on booking. There are potentially a lot of people making bookings, and hopefully award programs recognize this activity so they don’t overreact with another devaluation. Yeah, Hilton might be guilty of this.

We could be in the middle of the ‘hush’ period, where prospective bookings are at a relative low. During the hush period, companies might be looking for a reason to get customers to pay attention to them. Maybe the provider feels a bit neglected and this is the thing that gets people to once again pay attention to them.

Hyatt wants more cash bookings

Why devalue points? It’s precisely because the chain prefers cash bookings.

What is the inevitable result of a devaluation? People hold off on making points bookings immediately after the devaluation and cash bookings are temporarily up. If customers need an extra incentive to book with cash, offering a temporary bonus for cashback portals is one way to get it done.

What you don’t want as a travel portal is a reason for people to forget about you. A devaluation runs the risk of people looking elsewhere. If you’re a hotel program looking to remain relevant, wouldn’t you incentivize cash bookings?

Any hotel chain that cares about its hotels wants people to book with cash. Make members pay for the benefits of booking with a chain than what you get from the loyalty program. There is a fee that loyalty programs pay for members booking with a hotel. But if that same member pays with cash, the total outlay from the loyalty program is less.

We wouldn’t normally ‘thank’ an award program for a devaluation. In this case, we think it’s pretty evident that Hyatt is looking for people to give a reason for customers to pay attention to them. If you’re someone who frequently books cash rates with Hyatt, there’s a decent chance you’re not upset by this development.

Are you thrilled that Hyatt appears once again on cashback portals?

Related posts:

• Rakuten is a Great Points Generator (Now Including Bilt)
• How Do Hotels Get Reimbursed From Award Stays?
• How to Get Started with Points