The Marriott Bonvoy program launched in mid-February, and as part of that, we saw Marriott’s credit card portfolio refreshed. I won’t cover all the implications of that in this post (see the previous one), but did want to highlight one benefit that’s launching today.
Earn 100K bonus points for spending
Starting today, those with the Marriott Bonvoy American Express Card can earn up to 100,000 bonus points for their spending.
Note that this promotion is only for the personal version of the former Starwood Preferred Guest Card, which is no longer open to new applicants. This doesn’t apply to the Marriott Bonvoy Business™ American Express® Card or the Marriott Bonvoy Brilliant™ American Express® Card.
Starting today (February 24, 2019), Marriott Bonvoy members can earn up to 100,000 bonus points, as follows:
- Marriott Bonvoy American Express Card Members must register for the offer by April 7, 2019
- Registered Card Members will be eligible to earn 25,000 points for every $25,000 in eligible purchases on the Card (up to 100,000 points)
- The offer is valid through December 31, 2019
How many points will you earn?
For context, this card offers 6x points per dollar spent at Marriott properties, and 2x points per dollar spent on everything else. For those of us who are historically Starwood loyalists, that’s not as good of a return as we’re used to.
The SPG Amex used to offer one Starpoint per dollar spent, and since Starpoints converted into Marriott points at a 1:3 ratio, that means we were earning the equivalent of three Marriott points per dollar spent. As a result, the earning rate has been reduced by a third.
So for all practical purposes, the bonus of 25,000 points per $25,000 spent means you’d be earning an average of three Marriott Bonvoy points per dollar spent on everyday purchases, at least at the $25,000, $50,000, $75,000, and $100,000 mark.
Is this promotion worth it?
I value Marriott points at 0.7 cents each, maybe even 0.8 cents on the high end. So that means you’re earning a return of 2.1-2.4% in select increments, by my valuation.
Given the number of credit cards that offer 1.5-2x transferrable points on non-bonused spend, personally my feeling is that this promotion isn’t worth it, unless you’re in a bind for Marriott points. I’d rather earn 1.5-2x points to begin with anyway, and that doesn’t even factor in that the bonuses here only kick in at certain thresholds.
See this post for what I consider the best cards for everyday spending to be, but in general I’d rather put my personal spend on the Chase Freedom Unlimited® or Capital One® Venture® Rewards Credit Card, and my business spend on The Blue Business® Plus Credit Card from American Express or Capital One® Spark® Miles for Business.
The promotion being offered on the Marriott Bonvoy American Express basically temporarily reinstates the old SPG Card earnings rates, at least at the right increments.
That’s good news, though personally there are other cards I’d be choosing to use for my everyday spending instead. Furthermore, with the number of bonus categories out there, I don’t actually spend that much on non-bonused spend anymore.
Do you plan on taking advantage of the Marriott Bonvoy Card offer to earn up to 100K bonus points?