Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

Marriott Launches New Credit Cards With Chase, Amex – Investopedia

Marriott has launched two new credit cards, albeit with most of the same features, through its partners Chase and American Express. The Marriott Bonvoy Bevy American Express Card and Marriott Bonvoy Bountiful Credit Card from Chase offer better rewards rates than the Marriott Bonvoy Boundless Credit Card, enhanced elite status, and a bonus every time you book a cash stay.
However, the new cards have a catch for the free anniversary night certificate, making both cards less valuable for some cardholders in the long run.
The new Marriott credit cards, the Marriott Bonvoy Bevy American Express Card and Marriott Bonvoy Bountiful Credit Card from Chase, are mid-tier travel credit cards with a $250 annual fee. To give you an idea of what they offer, here's how they compare to the Marriott Bonvoy Boundless, which charges a $95 annual fee:
While there are some clear improvements with the new credit cards, it's tough to say whether they make the increased annual fee worth it unless you plan to use the card often and do a lot of cash stays with the hotel brand.
According to Investopedia research, Marriott points are worth 1.05 cents apiece on average, giving you an additional $262.50 in value with the welcome bonus and about $10.50 in value with each cash stay. If you don’t book cash stays often, though, that perk doesn’t help you much.
Additionally, the free anniversary night is worth up to $157.50 more, but remember that you'll need to meet a spending requirement to earn it every year, whereas the Marriott Bonvoy Boundless Card doesn't have that. Also, the new cards' offer ends on Jan. 11, 2023.
Gold elite status provides better value compared to Silver elite status, but how much more value you get depends on how often you stay at Marriott properties.
Ultimately, there isn't a huge difference between the two new cards and the Marriott Boundless Card when you take both benefits and the annual fee into consideration. Take your time to consider both the upfront and long-term value you can get with both cards to determine the best option for you.
In addition to adding a new card to its Marriott line, American Express has also improved its Bonvoy Brilliant Card by offering cardholders Platinum elite status instead of Gold elite status. The improvement means later checkout times, additional welcome gift options, better room upgrades and lounge access.
Additionally, the premium credit card is now offering up to $300 in statement credits per calendar year (up to $25 per month) on dining purchases at restaurants worldwide—this replaces the $300 annual Marriott credit—as well as a free night certificate worth up to 85,000 points instead of 50,000 points and 25 elite nights per year.
With that said, the card's annual fee is also increasing from $450 to $650.
To celebrate the new benefits, American Express is currently offering a welcome bonus of 150,000 to new cardholders when they spend $5,000 in the first three months. The offer ends on Jan. 11, 2023.

Marriott. "Marriott Bonvoy® Introduces New Cobrand Credit Cards From American Express® And Chase Designed For People Who Live to Travel And Want To Earn Points Faster."
Chase. "Marriott Bonvoy Boundless Credit Card."
Marriott. "Discover Your Benefits."
Credit Card News
Credit Card News
Credit Card News
Credit Card News
Credit Card News
Credit Card News
When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site.

source

User Avatar

Author

Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.