Originally Posted by
ethernal
Is the $300 statement credit effective for spend on the hotel room or only spend for hotel "add-ons" (e.g., food, etc)? If it is the former, then the SPG Luxury Card is really only a $150 card that comes with a free night certificate worth around $300. If that's the case I'll certainly upgrade. I don't believe the Hilton card has a statement credit like that.
Rumors so far have been that the $300 can be applied to the regular room rate. If that is the case it essentially is a $150 a year card and for that you get some goodies including a free night up to the 50k redemption value.