FlyerTalk Forums - View Single Post - Are all Marriott Rewards changes negative?
Old Jan 1, 2009 | 12:13 pm
  #29  
rthib
Original Member
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25 Years on Site
 
Join Date: May 1998
Location: DFW,TX USA
Programs: Lifetime Platinum Marriott
Posts: 1,595
Freeing up Cash for Financing

Back to the original post:
" ...MVCI is regrettably suspending the issuance of Marriott Reward points to participants in the Program as of November 30, 2008.
This was a program where they gave you 25,000 points if you kept the loan with Marriott (at a Credit Card type 13% rate).
Many people kept the loan with Marriott only because of the points.

By stopping the program, there is now a reason for many people to payoff the loan (by transferring it somewhere else most likely).

While this will hurt profit a little on the finance side, it will free up capital to use to help people buy TS.
With tightening secondary credit market seems like a smart move.
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