Sign up for our daily newsletterEmail addressSign upI would like to subscribe to The Points Guy newsletters and special email promotions. The Points Guy will not share or sell your email. See privacy policy.Hyatt recently announced that they are launching a co-branded Visa credit card. (Application link)For the $75 annual fee, you get:1) Two free nights at any Hyatt (including Park Hyatt) after $1,000 spend within the first 3 months.2) Instant Platinum status, which means 15% bonus points and enhanced customer service3) 3 Gold Passport points per dollar spent at Hyatt hotels4) 1 Gold Passport point per dollar spent on all other purchases5) No foreign transaction fees6) Lost baggage/ trip insuranceOverall, if you use the free nights at top tier hotels, its roughly a sign-up value of 44,000 points- pretty good in the scheme of hotel cards and on-par with the 30,000 Starwood promo that was run earlier this summer.Overall, I think the card is a pretty good deal for $75. However, I’d still probably recommend the Starwood Amex because Starwood points transfer to airlines at much better ratios (1 point = 1.25 airline miles when you transfer 20,000, whereas 1 Hyatt point = .5 airline miles when transferring 50,000).[card card-name=‘Chase Sapphire Preferred® Card’ card-id=‘22125056’ type=‘javascript’ bullet-id=‘1’]