May 5, 2018, 4:18 am
Cancel Marriott Chase now or wait and "upgrade" card in May?
Apr 23, 2018, 1:23 pm
#1
Original Poster
Join Date: Apr 2018
Posts: 2
Cancel Marriott Chase now or wait and "upgrade" card in May?
Hi all! I've been reading up on the new Marriott/SPG credit cards and am looking for advice on what to do to maximize points moving forward. I read that Chase will be offering a new Marriott Rewards Premier Plus Credit Card in May and that it's expected they'll offer 100,000 point sign on bonus to new card members. Current Marriott and Ritz cardholders will be offered an "upgrade incentive" to switch to the new card. I'm reading between the lines here that this "upgrade incentive" will be less than 100,000, but I can't seem to find anything concrete.
So, I've been a card holder for 3 years now. I've been thinking about canceling the card and renewing it anyhow to get the points bonus, but now I'm wondering if there's any chance the points offer for existing members will be better than the 100,000 point offer. What do you guys think? Cancel now and get the sign-up bonus for the new card in May or wait and see what the "upgrade incentive" is? I guess I'm partially worried if I wait I somehow won't be eligible for the 100,000 sign-on bonus. Thanks!
So, I've been a card holder for 3 years now. I've been thinking about canceling the card and renewing it anyhow to get the points bonus, but now I'm wondering if there's any chance the points offer for existing members will be better than the 100,000 point offer. What do you guys think? Cancel now and get the sign-up bonus for the new card in May or wait and see what the "upgrade incentive" is? I guess I'm partially worried if I wait I somehow won't be eligible for the 100,000 sign-on bonus. Thanks!
Apr 23, 2018, 5:14 pm
#2
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,934
Hi all! I've been reading up on the new Marriott/SPG credit cards and am looking for advice on what to do to maximize points moving forward. I read that Chase will be offering a new Marriott Rewards Premier Plus Credit Card in May and that it's expected they'll offer 100,000 point sign on bonus to new card members. Current Marriott and Ritz cardholders will be offered an "upgrade incentive" to switch to the new card. I'm reading between the lines here that this "upgrade incentive" will be less than 100,000, but I can't seem to find anything concrete.
So, I've been a card holder for 3 years now. I've been thinking about canceling the card and renewing it anyhow to get the points bonus, but now I'm wondering if there's any chance the points offer for existing members will be better than the 100,000 point offer. What do you guys think? Cancel now and get the sign-up bonus for the new card in May or wait and see what the "upgrade incentive" is? I guess I'm partially worried if I wait I somehow won't be eligible for the 100,000 sign-on bonus. Thanks!
So, I've been a card holder for 3 years now. I've been thinking about canceling the card and renewing it anyhow to get the points bonus, but now I'm wondering if there's any chance the points offer for existing members will be better than the 100,000 point offer. What do you guys think? Cancel now and get the sign-up bonus for the new card in May or wait and see what the "upgrade incentive" is? I guess I'm partially worried if I wait I somehow won't be eligible for the 100,000 sign-on bonus. Thanks!
First of all, how many personal cards (from any banks) have you applied for in the past 24 months? If you're not familiar with it, Chase has a 5/24 policy which can keep you from getting most Chase cards if you have been applying for a lot of other cards. If you're well over 5/24, you may not be able to apply for a new Marriott card if you cancel the current one (but you would be able to upgrade if an upgrade was offered).
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)
Third, assuming you're under 5/24, Chase's rule on re-applying for the same card is that the previous card has to be closed and it has to have been over 2 years since you earned the signup bonus on the previous card. Since you've had the card for 3 years, all you'd have to is cancel to qualify for a signup bonus on the new card (assuming you're under 5/24).
Meanwhile, if you've not had the Marriott business card before, you are right this second qualified to apply for and earn the signup bonus on the Chase Marriott business card, which will not exist for much longer AFAIK. The Chase Marriott business card is not subject to 5/24 (plus, since it's business card, it doesn't increase your 5/24 count). And you don't have to have a business to apply for it, just give your name as the business name, your address as the business address, your phone as the business phone, 0 years in business, $0 business income, sole proprietorship, 0 (or 1 if they don't allow 0) employees, perhaps $1500 for expected monthly spend since somewhere around there is likely at least for the first few month when you're doing the minimum purchases requirement.
Btw, I think the business card currently and the new personal card in May both (will) require $5k spend in 90 days. So be prepared for that (in combination with anything else you might have that has a spend requirement).
Apr 23, 2018, 6:55 pm
#3
Original Poster
Join Date: Apr 2018
Posts: 2
Welcome to FlyerTalk, viplan.
First of all, how many personal cards (from any banks) have you applied for in the past 24 months? If you're not familiar with it, Chase has a 5/24 policy which can keep you from getting most Chase cards if you have been applying for a lot of other cards. If you're well over 5/24, you may not be able to apply for a new Marriott card if you cancel the current one (but you would be able to upgrade if an upgrade was offered).
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)
Third, assuming you're under 5/24, Chase's rule on re-applying for the same card is that the previous card has to be closed and it has to have been over 2 years since you earned the signup bonus on the previous card. Since you've had the card for 3 years, all you'd have to is cancel to qualify for a signup bonus on the new card (assuming you're under 5/24).
Meanwhile, if you've not had the Marriott business card before, you are right this second qualified to apply for and earn the signup bonus on the Chase Marriott business card, which will not exist for much longer AFAIK. The Chase Marriott business card is not subject to 5/24 (plus, since it's business card, it doesn't increase your 5/24 count). And you don't have to have a business to apply for it, just give your name as the business name, your address as the business address, your phone as the business phone, 0 years in business, $0 business income, sole proprietorship, 0 (or 1 if they don't allow 0) employees, perhaps $1500 for expected monthly spend since somewhere around there is likely at least for the first few month when you're doing the minimum purchases requirement.
Btw, I think the business card currently and the new personal card in May both (will) require $5k spend in 90 days. So be prepared for that (in combination with anything else you might have that has a spend requirement).
First of all, how many personal cards (from any banks) have you applied for in the past 24 months? If you're not familiar with it, Chase has a 5/24 policy which can keep you from getting most Chase cards if you have been applying for a lot of other cards. If you're well over 5/24, you may not be able to apply for a new Marriott card if you cancel the current one (but you would be able to upgrade if an upgrade was offered).
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)
Third, assuming you're under 5/24, Chase's rule on re-applying for the same card is that the previous card has to be closed and it has to have been over 2 years since you earned the signup bonus on the previous card. Since you've had the card for 3 years, all you'd have to is cancel to qualify for a signup bonus on the new card (assuming you're under 5/24).
Meanwhile, if you've not had the Marriott business card before, you are right this second qualified to apply for and earn the signup bonus on the Chase Marriott business card, which will not exist for much longer AFAIK. The Chase Marriott business card is not subject to 5/24 (plus, since it's business card, it doesn't increase your 5/24 count). And you don't have to have a business to apply for it, just give your name as the business name, your address as the business address, your phone as the business phone, 0 years in business, $0 business income, sole proprietorship, 0 (or 1 if they don't allow 0) employees, perhaps $1500 for expected monthly spend since somewhere around there is likely at least for the first few month when you're doing the minimum purchases requirement.
Btw, I think the business card currently and the new personal card in May both (will) require $5k spend in 90 days. So be prepared for that (in combination with anything else you might have that has a spend requirement).
Thanks for taking the time to reply!
Apr 23, 2018, 8:06 pm
#4
Join Date: Apr 2004
Programs: AA plt 2 mm, Marriott LTT, HH dia
Posts: 1,215
Third, assuming you're under 5/24, Chase's rule on re-applying for the same card is that the previous card has to be closed and it has to have been over 2 years since you earned the signup bonus on the previous card. Since you've had the card for 3 years, all you'd have to is cancel to qualify for a signup bonus on the new card (assuming you're under 5/24).
Here is the link I am referring toMarriott Premier Plus Visa
Apr 23, 2018, 11:00 pm
#5
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
Apr 23, 2018, 11:55 pm
#6
Join Date: Jan 2018
Programs: UA LT GS | UA LT Club | Marriott LT Titanium
Posts: 1,250
Welcome to FlyerTalk, viplan.
First of all, how many personal cards (from any banks) have you applied for in the past 24 months? If you're not familiar with it, Chase has a 5/24 policy which can keep you from getting most Chase cards if you have been applying for a lot of other cards. If you're well over 5/24, you may not be able to apply for a new Marriott card if you cancel the current one (but you would be able to upgrade if an upgrade was offered).
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)
Third, assuming you're under 5/24, Chase's rule on re-applying for the same card is that the previous card has to be closed and it has to have been over 2 years since you earned the signup bonus on the previous card. Since you've had the card for 3 years, all you'd have to is cancel to qualify for a signup bonus on the new card (assuming you're under 5/24).
Meanwhile, if you've not had the Marriott business card before, you are right this second qualified to apply for and earn the signup bonus on the Chase Marriott business card, which will not exist for much longer AFAIK. The Chase Marriott business card is not subject to 5/24 (plus, since it's business card, it doesn't increase your 5/24 count). And you don't have to have a business to apply for it, just give your name as the business name, your address as the business address, your phone as the business phone, 0 years in business, $0 business income, sole proprietorship, 0 (or 1 if they don't allow 0) employees, perhaps $1500 for expected monthly spend since somewhere around there is likely at least for the first few month when you're doing the minimum purchases requirement.
Btw, I think the business card currently and the new personal card in May both (will) require $5k spend in 90 days. So be prepared for that (in combination with anything else you might have that has a spend requirement).
First of all, how many personal cards (from any banks) have you applied for in the past 24 months? If you're not familiar with it, Chase has a 5/24 policy which can keep you from getting most Chase cards if you have been applying for a lot of other cards. If you're well over 5/24, you may not be able to apply for a new Marriott card if you cancel the current one (but you would be able to upgrade if an upgrade was offered).
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)
Third, assuming you're under 5/24, Chase's rule on re-applying for the same card is that the previous card has to be closed and it has to have been over 2 years since you earned the signup bonus on the previous card. Since you've had the card for 3 years, all you'd have to is cancel to qualify for a signup bonus on the new card (assuming you're under 5/24).
Meanwhile, if you've not had the Marriott business card before, you are right this second qualified to apply for and earn the signup bonus on the Chase Marriott business card, which will not exist for much longer AFAIK. The Chase Marriott business card is not subject to 5/24 (plus, since it's business card, it doesn't increase your 5/24 count). And you don't have to have a business to apply for it, just give your name as the business name, your address as the business address, your phone as the business phone, 0 years in business, $0 business income, sole proprietorship, 0 (or 1 if they don't allow 0) employees, perhaps $1500 for expected monthly spend since somewhere around there is likely at least for the first few month when you're doing the minimum purchases requirement.
Btw, I think the business card currently and the new personal card in May both (will) require $5k spend in 90 days. So be prepared for that (in combination with anything else you might have that has a spend requirement).
Apr 24, 2018, 9:13 am
#7
Join Date: Jul 2009
Location: EWR
Programs: UA Gold, Marriott Titanium, Hilton Silver, Hertz
Posts: 435
Very interesting. I am assuming that if I keep my existing card I will continue to receive that benefit, but as you noted, there is no mention of this with the new card. 100K points for the new card may not be as important to folks who need additional nights to hit their annual status level.
Apr 24, 2018, 9:23 am
#8
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
Yes, I have read that the old Chase Marriott card will retain the 1 elite night credit for 3K spend.
A downside of keeping the old Chase Marriott card is that (excepting Marriott spend) it earns 1 Marriott point per dollar spent. The new card will earn 2 points per dollar. So on 3K spend, that is a 3K points difference. If you put a lot of spend on the card, this will add up quickly.
Another downside of the old card is that it may only award an annual "free night" certificate for a hotel up to 25K points. The new card will be for a hotel up to 35K points.
So overall, this is a balancing act. If Hamlet were a Flyertalker, he would be saying "To keep or upgrade, that is the question."
I have read rumors that Chase may have upgrade offers for existing Chase Marriott personal cardholders. But have to wait and see about that.
A downside of keeping the old Chase Marriott card is that (excepting Marriott spend) it earns 1 Marriott point per dollar spent. The new card will earn 2 points per dollar. So on 3K spend, that is a 3K points difference. If you put a lot of spend on the card, this will add up quickly.
Another downside of the old card is that it may only award an annual "free night" certificate for a hotel up to 25K points. The new card will be for a hotel up to 35K points.
So overall, this is a balancing act. If Hamlet were a Flyertalker, he would be saying "To keep or upgrade, that is the question."
I have read rumors that Chase may have upgrade offers for existing Chase Marriott personal cardholders. But have to wait and see about that.
Last edited by GetawaysRus; Apr 24, 2018 at 3:20 pm
Apr 24, 2018, 10:33 am
#9
Join Date: Feb 2016
Location: Seattle, WA
Programs: AS MVP Gold 75K, DL Platinum, UA Gold, Marriott LT Titanium, Hyatt Globalist, Hilton Gold
Posts: 89
I'm curious to see the incentive to switch. Earning points is more of a thing for me since I'm already Lifetime Plat (new lifetime PP), so the 1 night/$3k isn't a big deal. That said, given the fact I only use this card for Marriott/SPG purchases, it's not like it's going to be a big swing in points either way. I was also really bummed to see the new Amex luxury card offers the same earning as the Chase card....on top of that, so many of the other benefits (Priority Pass, Global Entry, etc.) are just overlaps with cards such as CSR. I was hoping for more.
Apr 24, 2018, 1:51 pm
#10
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,934
Amex stopped backdated in early 2015, so by now all Amex cards that were opened in the past 24 months have a true "opened on" date.
The only cards that routinely don't count are business cards, since most banks (with the main exceptions being Discover and Cap One) don't report their business cards to EX/EQ/TU as long as the account is "in good standing".
If you want to verify where you stand with respect to 5/24, the easiest way is to go to Check Your Credit Report & FICO Ū Score Experian and sign up for the free report-only account (scroll down to see the free-forever version of the signup). Experian, unlike Credit Karma, lets you sort (both open and closed cards, which are listed separately) by "opened on" date, making it very to count. Just don't believe the "1" always being day of the month, that's a bug on the Experian website (where it shows, for example, "July 1" instead of either just "July" or the correct day in July).
Apr 24, 2018, 1:52 pm
#11
Join Date: Oct 2010
Location: Temecula, Ca.
Programs: Marriott Lifetime Platinum Elite, SPG Platinum
Posts: 273
Yes, I have read that the old Chase Marriott card will retain the 1 elite night credit for 3K spend.
A downside of keeping the old Chase Marriott card is that (excepting Marriott spend) it earns 1 Marriott point per dollar spent. The new card will earn 2 points per dollar. So on 3K spend, that is a 3K points difference. If you put a lot of spend on the card, this will add up quickly.
Another downside of the old card is that it may only award an annual "free night" certificate for a hotel up to 25K points. The new card will be for a hotel up to 35K points.
So overall, this is a balancing act. If Hamlet were a Flyertalker, he would be saying "To keep of upgrade, that is the question."
I have read rumors that Chase may have upgrade offers for existing Chase Marriott personal cardholders. But have to wait and see about that.
A downside of keeping the old Chase Marriott card is that (excepting Marriott spend) it earns 1 Marriott point per dollar spent. The new card will earn 2 points per dollar. So on 3K spend, that is a 3K points difference. If you put a lot of spend on the card, this will add up quickly.
Another downside of the old card is that it may only award an annual "free night" certificate for a hotel up to 25K points. The new card will be for a hotel up to 35K points.
So overall, this is a balancing act. If Hamlet were a Flyertalker, he would be saying "To keep of upgrade, that is the question."
I have read rumors that Chase may have upgrade offers for existing Chase Marriott personal cardholders. But have to wait and see about that.
Last edited by Wisdom; Apr 24, 2018 at 1:58 pm Reason: Added a thought.
Apr 24, 2018, 4:27 pm
#12
Join Date: Apr 2004
Programs: AA plt 2 mm, Marriott LTT, HH dia
Posts: 1,215
So do we know for sure that the Premier Plus is considered the same card as the Premier for bonus purposes? I was looking at the Offer and Pricing details on this link, and I didn't notice a statement about not getting the bonus on this card if I got the bonus on a Premier card in the last 24 months. I'm just curious. Here is the link I am referring to
Marriott Premier Plus Visa
Here is the link I am referring toMarriott Premier Plus Visa
Thank you for your cardmembership. Cardmembers can have either the Marriott Rewards Premier credit card or the Marriott Rewards Premier Plus credit card. We will be offering points to upgrade to the new Marriott RewardsŪ Premier Plus card. Check back on May 3rd.
So I guess we will just have to wait to see the Terms and Conditions on May 3. Personally, I am very interested to see the terms of the upgrade offers referred to on the main landing page on this link. As I mentioned, it sounds like Chase wants people to voluntarily upgrade to the new Premier Plus. Depending on the upgrade options, it might be better to upgrade rather than opening the new card in order to avoid a new account counting towards 5/24.
Apr 24, 2018, 4:50 pm
#13
Join Date: May 2015
Location: LAX, BUR
Programs: AS,AA,JB, HH Gold, Starriott Titanium Elite, Hyatt Explorist, Global Entry
Posts: 1,933
Likewise the Marriott Business card says new benefits coming in August, but doesn't say what those are.
It should give a 35K night like the new Premier card.
It should give a 35K night like the new Premier card.
Apr 24, 2018, 8:31 pm
#14
FlyerTalk Evangelist
Join Date: Sep 2007
Location: BOS
Programs: DL DM 2MM, Marriott LT Titanium, Hertz PC, Avis PC
Posts: 15,204
Pretty disappointing if its true that the new card doesn't have an elite night bonus after the $3k spend like the current one.
Also, if they offer an incentive for those holding the current premier card, it better be an upgrade that doesn't count as a card application against your credit report/score.
Also, if they offer an incentive for those holding the current premier card, it better be an upgrade that doesn't count as a card application against your credit report/score.
Apr 25, 2018, 6:19 am
#15
Join Date: Dec 2003
Location: RDU, Delta GM/1MM, Hilton Diamond (for now), Bonvoy Titanium
Posts: 3,443
Welcome to FlyerTalk, viplan.
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)
Second of all, I hope you don't care much about the 1 elite night for every $3000 in spend. Because that doesn't seem to be there on the new card. (And you won't be likely be able to apply for the current card again once you get the new card.)