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Originally Posted by margarita girl
(Post 30815881)
It was 3rd from the bottom on my Offers list! (Can't figure out how to post a screenshot.)
Highly unlikely that I'll spend $25K, but you never know. Thank you! LAX |
Originally Posted by LAX
(Post 30817516)
Same here. If it were just a straight 3 pts per $ as you go for up to 100K pts, I probably would make an effort to divert some spend to the card. However, with a $25K minimum threshold for the bonus points, it's unlikely that I would even try, especially when I have a card that earns me slightly >2.5% cash back.
LAX |
Originally Posted by margarita girl
(Post 30817811)
In my case, I’m really only using the card on Marriott stays, and I’m positive I won’t be requalifying for Ambassador status next year, so $25K is not in sight! LAX |
Originally Posted by damon88
(Post 30817489)
Did you get a confirmation email?
Originally Posted by SeeTheLights
(Post 30817497)
i signed up but did not get confirmation email. I screenshot it on my Mac though but doesn’t say anything specific to me for confirmation. |
New card delivery
An email received today says
Card Members will automatically receive the new Card design starting in June 2019 and over the following months. |
I got an email today that my SPG Business Card will be converted to the new Bonvoy and a card sent in the next 3 months.
BUT they are RAISING the fee to$125!! Are you friggin' kidding me?! It's hard enough for most of us to keep this new Bonvoy card and now they see fit to raise the Yearly Fee? Here's the quote: "After your next renewal date on or after March 28, 2019, your Card’s annual fee will increase to $125. We will send you a separate notice with additional information about this change to your annual membership fee, including when this fee change will affect you.¹" What the pulse of the situation for you guys?.... Is there a Card option (or other vehicle) to feed into the SPG/Bonvoy Account to keep one's points from expiring?..... |
Originally Posted by Wolverine
(Post 30819827)
....raise the Yearly Fee?
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Originally Posted by williamsmj
(Post 30817136)
I'd like to downgrade my SPG (now Amex Bonvoy) to a no annual fee card. Am I right in thinking there is no Amex Bonvoy product without an annual fee?
Can I in that case downgrade to e.g. the Amex Blue Cash? Am I right in thinking that's the card I'll least regret downgrading to (i.e. the one least likely to have an interesting signup bonus that I won't be eligible for because I downgraded to it). |
Originally Posted by mia
(Post 30819953)
When will your next annual fee be billed?
After March 28,2019, everybody will get hit with the new $125 fee. |
Yeah when my SPG Business AF hits in June I'll likely be cancelling. The 35k certificate was *barely* enough for me to keep the card with current AF. With the higher fee totally not worth it to me now. Honestly I am wishing I cancelled my SPG business last year now. The fee came up in late June right before I would qualify for the free night cert so I got nothing, called in for a retention offer and got nothing and then basically sock drawed after several years of high spend when the new earning structure hit. The only reason I kept it was for the annual certificate which isn't worth $125 to me.
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Originally Posted by Wolverine
(Post 30820049)
After March 28,2019, everybody will get hit with the new $125 fee.
After your next renewal date on or after March 28, 2019, your Card’s annual fee will increase to $125. |
Originally Posted by LAX
(Post 30817516)
Same here. If it were just a straight 3 pts per $ as you go for up to 100K pts, I probably would make an effort to divert some spend to the card. However, with a $25K minimum threshold for the bonus points, it's unlikely that I would even try, especially when I have a card that earns me slightly >2.5% cash back.
For us this is a good offer as we never have enough Marriott points and will need even more thanks to this year's major devaluation (esp. for former SPG Cat 5-7 properties). We have enjoyed many peak season family vacations at SPG and JW resorts here and abroad. So how do we get more points? Until August we spent $30k+ per year on SPG Amex. After August our spend dropped to almost nil. I am sure this was the case on many accounts and hence the bonus offer. So what is the alternative for $25k spend? We could earn 25k Chase points which I value at 2+ cents when used for business class TATL or TPAC (the same points would net only 25k Marriott points). We could earn 2% cash back = $500. Personally I concur with blogger valuation of .006-.007 for Marriott points, which brings a value of $450-525 for 75k points. By this calculation we would be better off with cash back after considering the AF? Perhaps (assuming AF is not already a sunk cost) . But when combined with points I earn from business travel, we may be able to find a 5 night deal that brings a value of .01 per point or more. I'm willing to take that gamble but certainly not worth it for those who earn a million MR points annually. As of March, 75k points won't even buy 1 night at the top St. Regis properties so maybe better off with cash to buy lodging unless you have other ways to earn. |
Originally Posted by Boraxo
(Post 30820519)
....dropped to almost nil. I am sure this was the case on many accounts and hence the bonus offer.....
concur with blogger valuation of .06-.07 for Marriott points,.... |
Originally Posted by Wolverine
(Post 30819827)
I got an email today that my SPG Business Card will be converted to the new Bonvoy and a card sent in the next 3 months.
BUT they are RAISING the fee to$125!! |
Originally Posted by mia
(Post 30820407)
I read it differently:
I think this means your next renewal will be billed at $95, and the one in September 2020 will be at the higher cost. LAX |
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