This morning I got 2 upgrade offers for the cards from Chase: I have the $49 IHG card - they raised the offer from 5k to 10k points.
For the Hyatt card, they didn't offer any points - just went through the elevated benefits. At that time I realized I have purchase protection on the old card, but it's removed from the new card. I see no benefit to paying them more once per year, as the only worthwhile benefit would have been an additional free night at $15K spend and I don't MS and not likely to spend this much on that card.