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Speculatively Pick Up Hyatt Gift Card Before Open Savings End




Earlier this year, I had outed the method I did $10,000 spend for $25 because the deal was dying. Shortly after the original post and responding to many messages on how to execute the same deal, the rate I was selling was 85.25% dropped to 76.25% shortly after and has stayed that way since the summer.

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Hyatt Gift Card On A High Level

If we look at the last three months from Gift Card Wiki we can see the inventory has been consistently dropping with periods of spikes across.

 

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If you look at the red for adds, it has been relatively flat in the last three months as all the exchanges sell through their inventory.

giftcardwiki_hyatt_totals

 

The market has approximately $22,750 worth of cards floating around with an average about $50 a card. Given the metrics, I would say the inventory is constrained. Sellers like ourselves do not find the rates particularly compelling.

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The low average on the market is due to CardCash stocking 250 of the $25 cards. My guess with many of the $200 cards currently on the market are likely due to credit card arbitrage folks buying the from eBay and selling to GiftCardMart and listing on Raise.

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Digging Deeper

Given the trends and as I had mentioned in my previous post about the Open savings going away, the rates that the exchanges will buy the Hyatt cards should increase.

When the 5% goes away, expect the discount rates for Hyatt to lower and the exchanges will raise the rates at which they will buy because the market will tighten up a bit.

If I did not max out my 3 business American Express cards, I would speculatively buy a total of $5000 and hang on to it. Why $5000? That’s all the risk I’m willing to take and knowing that my own travel patterns would be able to use.

If I were to guess, given the last three month’s pattern, I could see the rates that we could sell increase in the first quarter of 2016.

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