Happy Sunday - this was a week that rewarded people who moved fast, and punished those who didn't.

🔥 The One Thing To Act On This Week

BA's new reward flight taxes and fees are now live across every route and every cabin - and this isn't a small tweak. The full picture is more nuanced than the headlines suggest: some routes got cheaper, some got significantly more expensive, and there are genuine new sweet spots that weren't there before. If you've got an Avios redemption in mind - or you're trying to work out whether to book before prices shift further - this is the one piece of reading you need to do this weekend.

🏆 The Story of the Week

Hyatt's New Award Chart Is Live - and Free Nights Just Got Up to 67% More Expensive

Hyatt's long-trailed five-tier award chart devaluation landed this week, and the numbers are worse than many expected. Some properties that previously sat at comfortable redemption rates are now priced up to 67% higher - not a rounding error, a fundamental repricing of what your World of Hyatt points are worth.

What makes this particularly sharp for UK readers is the timing. The Amex Gold 40,000-point welcome bonus - one of the most reliable ways British travellers have been stacking Membership Rewards to convert into hotel currencies - closed on Tuesday. So in the same week, one of the best earning routes got cut off and one of the best redemption programmes got more expensive. If you've been sitting on World of Hyatt points without a clear plan, that plan just became more urgent.

The full piece breaks down which tiers moved the most, which property categories still represent genuine value, and - crucially - whether there are any bookings worth making now before the new pricing beds in further. This is the devaluation UK points collectors will be talking about for months.

📌 Also Worth Your Time

The Marriott Bonvoy Amex Triple Bonus Closed - But the Park Hyatt Sydney Story Is Uglier

The 60,000-point Marriott Bonvoy Amex triple bonus closed Wednesday night, so if you missed it, that ship has sailed. But the more interesting story buried in this piece is Hyatt quietly letting the Park Hyatt Sydney dodge Globalist late checkout - a meaningful erosion of elite benefits at one of the programme's flagship properties.

Flying Blue Bonus Ending Tonight - Don't Let This One Slip

Buried in Saturday's BA tax piece is a Flying Blue bonus with a deadline of tonight. It's easy to overlook when there's bigger news around it, but Flying Blue remains one of the strongest ways to use Avios-adjacent currencies on Air France and KLM - particularly for European and transatlantic redemptions that BA's fees make painful.

BA's Cash Fees Rose 33% Last Tuesday - Here's What That Actually Means for Bookings

Last Sunday's edition called the 33% rise in BA's cash fees four days in advance - worth revisiting now that the new taxes are confirmed live this week. Reading both pieces together gives you the clearest picture of how BA's total cost of reward travel has shifted, and where Avios still punches above its weight versus paying cash.

Have a good one - big week for action items, so don't let Sunday slip by.

- Jack

💳 Card Spotlight: Capital on Tap Business

The card I have two of - here's why

  • 1 Avios per £1 on all business spend, uncapped

  • No annual fee on the free tier, no FX markup on the Pro tier

  • Approval is fast and doesn't need limited company accounts

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