Chase has lifted the welcome offer on the World of Hyatt Business Credit Card to 70,000 bonus points, once you put $7,000 on the card within the first three months of opening the account. For anyone running a small business with regular hotel spending — and anyone who likes the idea of free nights at Park Hyatts and Andazes — that's a offer worth a look.

What makes this card interesting isn't just the bonus. It's one of the faster routes to Hyatt elite status through spending alone. While Hyatt's consumer card earns two elite night credits per $5,000 in annual spending, the business version hands you five elite night credits for every $10,000 spent in a calendar year. Put serious spend through it and you can climb towards higher tiers like Globalist without setting foot in a hotel.

The $199 annual fee is softened by up to $100 a year in Hyatt statement credits: spend $50 or more at any Hyatt property and you get $50 back, twice per cardmember year. There's also a loyalty kicker for big spenders — after you hit $50,000 in spending on the card in a calendar year, you earn 10% of your redeemed points back when you stay, capped at 20,000 points returned annually.

Cardholders get Hyatt Discoverist status for as long as the account stays open, and notably that extends to up to five employee cards too, which is handy if you or your team travel for work.

A few practical notes before applying. Hyatt points are among the more valuable hotel currencies, and redemptions at top properties — think Park Hyatt Chicago or Park Hyatt St. Kitts, both favourites of the source article — can punch well above their point cost. The 70,000-point bonus could cover several free nights at mid-tier Hyatts or make a serious dent in a single luxury redemption.

One quirk to know: Chase's 5/24 rule has historically applied to approval for this card, meaning if you've opened five or more new credit cards in the past 24 months, you may be turned down. The silver lining is that approval for the business card generally doesn't count towards your 5/24 total itself, so it can sit outside your personal card count.

For a traveller, the pitch is straightforward: if your business already spends $2,300-plus a month on anything cardable, hitting the bonus becomes easy, and the statement credits alone offset more than half the fee. Pair the fast-track elite nights with the points-back on redemptions and the card rewards exactly the kind of concentrated, high-volume spending small businesses do anyway. Just weigh it against whatever card you're using now, and remember offers like this tend to be limited-time — increased bonuses on Hyatt's business card don't stick around forever. Terms apply, as always, and it's worth checking the current offer page before you pull the trigger. Story first reported by View from the Wing.