When you apply for a Chase World Of Hyatt Credit Card, you will receive Discoverist status. You receive 5 qualifying night credits towards your next tier status every year.Same page link to Offer Details Plus, 2 additional qualifying night credits toward your next tier status every time you spend $5,000 on your card.
But now, if you apply by December 31, 2020 you will get 10 qualifying night credits (instead of 5) towards your next tier status in 2020 and 2021.
You can learn about all of the features and benefits of the card here.