Description: The passage is about firstpremiercard-login, which introduces some credit cards. The author compares these credit cards and some changes on these cards. The author recommends the chase Marriott card and he does not recommend the Ritz Carlton card.
It’s Sebastian for masters EBI. Today we are going to talk about some changes related to the Marriott and SPG merger. They discussed in depth about the new categories in terms of the hotels status, how that’s going to work lifetime status and a bunch of different things.
But for today we are not going to focus on those. We’re going to focus on the cards that are going away and also things you might want to consider. Don’t worry that. We will cover those changes in a future in terms of status and we’ll also cover the new AMEX card in a future as well.
Because we don’t know about the signup bonus yet and also what the free night looks like. One of the main reasons why I wanted to talk about the cards are that there is a card going your way soon. This is going to be the old chase Marriott card on May 3rd. Chase is going to release the premier plus card which is going to replace the old premier card.
They currently mentioned that card members can have either the old one, the premier card or the new premier Awards Plus card. They’re also going to be offering upgrade bonuses to the new card which might be interesting depending on whether you want to apply for the card.
What do we know about the new card is that the main benefit is that there’s going to be a signup bonus of a hundred thousand myriad points for five thousand dollars, a minimum spend. There’s going to be a ninety five dollar annual fee for this card.
For the most part we’re not going to talk about the other benefits of it. Because I want to focus on signup bonuses whether it makes sense to sign up for the current offer. Hopes of upgrading to the new offer mostly depend on firstly your minimum spend, how you value your points and what great offer is going to be for the current card.
You’re going to get seventy five thousand points after three thousand dollars a minimum spend. There’s also a $0 annual fee in the first year and then afterwards it is going to go to the normal annual fee rate again. I wouldn’t worry about the other features of the card. Because they are going to be changing for people who have lower minimum spend.
The current offer three thousand dollars makes significantly more sense rather than the five thousand dollars offer. The signup bonus is about 25 percent higher with the future offer but the minimum spends about sixty six percent higher. It depends on you.
View from the wing expects that the upgrade offer is going to be between 10,000 and 50,000 points and obviously these amounts can change. If I was considering getting this card, I would sign up for the old card and then do the upgrade to the new card and get that free extra bonus with the lower minimum spend.
You get the lower annual fee in the first year because for now you don’t have an annual fee. But for the new offer I’m guessing that there is going to be an annual fee given the significantly higher minimum spend. Be aware that this card is affected by five twenty four and I expect a new card to also be affected. You have to pick whether it makes sense to grab this or whether you have another card that makes more sense.
The Chase Sapphire Preserve is as a reminder you have until May 3rd of 2018. Because that’s when they’re going to launched a new card. Though they do sometimes pull offers. You need to plan accordingly for the business variation as well as for the Ritz Carlton card.
They mentioned that they’re going to be making changes in late June or early July for the business variation. A lot of people are predicting that it’s going to go away given the relationships that they signed in terms of who gets what cards for amounts as well as chase.
But we don’t know. I guess we’ll see. On the other hand though for the Ritz Carlton card people are expecting this one to stick around and it’s going to be a competitor ironically to the SPG luxury card, this is the new card launched by American Express specifically.
David from their team noted that the Ritz Carlton card will end up with something similar in terms of the value proposition to the luxury card from American Express in August. Given this if you are looking to get the Marriott business card, now would be a good time.
Because I don’t see it increasing in value but we don’t know. It’s all speculation for the Ritz Card. I don’t think I would get it right now. Because it’s technically a historic low at two nights. We’ve seen three nights and we’ve also seen some points in terms of Marriott points.
I don’t think two nights make sense unless you used a superpower a lot in terms of the hundred dollar discount for the Visa Infinite discount portal as a side note. The business card and the ritz-carlton card are not affected by 5:24. If you are way over, it doesn’t matter to summarize for chase.
For the personal card I would probably get it right now and then see what the upgrade offer is going to be. Because a minimum spend is so much more reasonable and I feel like the effective value you’re getting significantly higher than that new offer on that note.
If you are looking to apply for any of these cards and you want to support our channel, an easy way would be to apply for the cards using the links on our site. You’re going to be able to find these cards under hotel credit cards jumping to American Express.
They mentioned that they’re going to launch a new luxury card which is going to have a four hundred and fifty dollars annual fee as well as a three hundred dollars credit that you can use towards the Mariette. We don’t know what the signup bonus is yet and they offer a free anniversary night.
But we don’t know what hotels are going to be in each of these categories or each of these tiers. It’s hard to predict or worry about that card. Today we are focused on the normal SPG card as well as the business SPG card. The main reason is that you might want to get it.
If the design of bonus changes or the card disappears, view from the wing mentions that you’re not going to be able to apply for the SPG cards. Moving forwards since Chase has exclusive access to the basic personal cards, this is consistent with what we’ve heard in terms of how American Express and Chase is going to split the cards and in terms of who gets the business cards and who gets to high annual fee cards.
This gets interesting. The sign up bonus is also changing. Dr. F credit mentioned that a good source of his told him that the sign up bonus is going to drop from 25,000 SPG points down to a $200 statement credit. This change is expected to happen within the next two weeks but possibly even tonight. He mentions that this is an extremely reliable source.
So he doubts that the information is incorrect. Similar to view from the wing he mentions that the personal card is no longer going to accept new applicants starting in August. 25,000 SPG points is worth between six hundred and twenty-five dollars and seven hundred and fifty dollars depending on how you value these points.
For a lot of people it’s going to make more sense than the two hundred dollar statement credit. Especially if you are someone who wants to travel or especially if you wanted to luxury travel interestingly, both of these cards are going to be adding an anniversary night starting in August.
Depending on how well the anniversary night works, it might make sense to keep this card solely for that purpose. It’s hard to expand on that. Because we know where it fits. It fits in the middle but we don’t know what hotels are going to be there. They might be great hotels or they might be bad.
Though they have to be decent but we’ll figure out in the future if for someone who has the SPG cards it would make sense to hold if you can get a decent retention offer or if you get positive expected value from the cards or if you are in your first year and you have to keep it for a year.
If your annual fee is coming up, I would strongly recommend calling in and asking for retention offers. Because most people have been getting them. For example one of my friends got 75 hundred points for $1,000 a minimum spent for the business SPG card.
Anyone who’s gotten a retention offer if you have gotten one free, leave it down in the comments below on the flipside. If you can’t get a retention offer then you need to decide whether that three-night is going to be worthwhile. It’s a black box right now to summarize all of this.
The chase Marriott card makes a lot of sense and if you’re under 524, it’s worth getting. If you’re someone who’s eligible for business cards and you’re over five twenty four, the chase Marriott card is worth considering. For the Ritz Carlton card I would strongly recommend holding off. Because I expect a better offer for the SBG card.
If you value the points and you don’t care about the 200 dollar statement credit, it makes sense to get now before it disappears. Same thing with the SPG business card which is basically falling into the same predicament in terms of which cards are endangered.
I think the Marriott card is obviously on death row. The Marriott business card might be going away soon with the SPG card and the ritz-carlton card. The SPG business card looked like they’re to stay though. I wouldn’t prioritize those as much.
I hope that was helpful and let me know if you have any questions. My question for yous is what are your thoughts on these and also of the Marriott and SPG merger? What do you want me to specifically cover? There’s a lot of information in terms of status in terms of matching and everything going on.
I’m curious about what you are interested in. I can do a deep dive if this helps us out and if anyone else can benefit from what we talked about. Feel free to share this with them because it’s probably going to help them out but.