Chase Marriott Rewards Premier Business Credit Card Review
2018.8 Update: Note that the new offer does not waive first year annual fee any more.
2018.1 Update: The new offer is 75k Marriott points, and the first year annual fee is waived. Comparing to the previous offer, which is 80k but first year annual fee not waived, this new offer has 5k points less but saves you $99. So it’s a better offer. Note that this card is NOT affected by the Chase 5/24 rule.
- 75k offer: Earn 75,000 Marriott Points after spending $3000 in 3 months. The best offer is 100k offer, but we don’t know whether it will show up again.
- Marriott point can be transferred to the most flexible and valuable points — SPG points instantly in both directions at a ratio 3:1. We estimate that Marriott points are worth about 0.8 cents/point, see below for a brief introduction. So the 100k highest sign-up bonus is worth about 800!
- After each anniversary date, you will be credited a free night (FN) available for category 1-5 at Marriott.
- Earn 5x points at Marriott and Ritz-Carlton. Earn 2x at restaurant, car rental and airlines. All other purchases earn 1 point per dollar spent.
- Complimentary Marriott Silver status.
- Earn 15 elite nights each account membership year (elite nights are for status, not free nights); 1 more elite night for every $3,000 spending.
- No foreign transaction fee.
- It’s made of metal, so it’s quite heavy and the feel of this card is cool.
- Annual fee $99, NOT waived for first year.
- Free night is only valid for one year.
Introduction to Marriott Points
- Marriott points and SPG points can be transferred in both directions instantly at a 3:1 ratio.
- You can earn Marriott/SPG points with AmEx SPG, Chase Marriott, Chase Ritz-Carlton, AmEx SPG Business, Chase Marriott Business.
- Marriott/SPG points are stored in your Marriott/SPG account, not in your credit cards, so you won't lose your points by canceling the credit cards.
- Your Marriott points will expire if you don't earn or spend any Marriott points in 24 months; your SPG points will expire if you don't earn or spend any SPG points in 12 months. As long as you earn make a purchase with the corresponding credit cards or stay in a hotel, or you redeem some points during the time frame, the point expiration date will be postponed accordingly.
- The best way to use your Marriott/SPG points is to redeem for the Marriott Travel Packages: by spending [270k Marriott points (i.e. 90k SPG points)], you can get [a certificate for 7 consecutive nights at category 1~5 Marriott hotels] plus [132k UA miles or 120k AS/AC/AA etc. miles]. See A Complete Guide to the Marriott Travel Packages for more details. If you use Marriott points in this way, the value can easily be 0.9+ cents/point. The only disadvantage is that you need to accumulate a huge amount of points first.
- SPG points can be transferred to a lot of airlines miles (you don't have to have the AmEx SPG card to make the transfer), and the ratio is 1:1.25 (you get 5k bonus miles for every 20k SPG points you transfer at a time). The good options are: Alaska Airlines (AS)(Non-alliance), Japan Airlines (JL) (Oneworld), American Airlines (AA) (Oneworld), All Nippon Airways (ANA, NH) (Star Alliance), Korean Air (KE) (SkyTeam), etc. If you use Marriott points in this way, the value is about 0.7 cents/point.
- Marriott/SPG points can also be redeemed for hotel stays obviously. Here's the redemption chart for each category: Marriott redemption chart; SPG redemption chart. Generally speaking, you can get a better redemption value from lowest categories. If you use Marriott points in this way, the value is about 0.8 cents/point.
- In summary, we estimate that Marriott points are worth about 0.8 cents/point.
- For more information about SPG points, see Maximize the Credit Card Points Values (overview), and Introduction to SPG: How to Earn and Introduction to SPG: How to Use (very detailed).
Recommended Application Time
- This card is not affected by the 5/24 rule for now.
- This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months. Note that what matters here is the time you got the sign-up bonus, not the time you open the account or close the account.
- Don’t apply for more than 2 Chase credit cards within 30 days, it’s highly likely that you will get rejected.
- We recommend you to apply for this card after you have a credit history for more than a year.
This card is basically the same as the personal Chase Marriott credit card. The good thing is that this card is not yet affected by the 5/24 rule. The sign-up bonus is very helpful if you need to earn more Marriott points towards the Marriott Travel Packages.
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Recommended Downgrade Options
- You can not downgrade this card to any card with no annual fee, so I suggest you close it when you don’t want to keep it any longer.