In a huge win for consumers, Marriott announced today that AMEX and Chase will both retain the rights to issue their co-branded credit cards.
That means that neither bank was willing to pay a big premium to have exclusivity as AMEX just pulled off with Hilton.
It also means that consumers will be able to keep their existing Marriott and Starwood cards and take advantage of new offerings.
AMEX emailed me and let me know that as part of their new agreement, they will be offering a “new consumer premium Card” and “enhanced small business Card” next year.
Chase plans to add new cards to their portfolio as well.
Marriott originally planned to merge their program with Starwood in 2018, though it seems that is likely to slip to 2019.
In the meantime, the AMEX Starwood remains more rewarding than the Chase Marriott card offerings. Thanks to the ability to transfer 1 Starpoint into 3 Marriott points and Marriott’s lucrative miles+nights offerings, the points are more valuable than ever. Promotions like the recent United bonus make that even more lucrative and make the Starwood card one of the best cards to use for everyday spending.
Earn Starpoints with the Starwood Consumer or Business AMEX or the Chase Marriott Consumer or Business Visa. You can view credit card offers by hovering over the “Credit Cards” tab. You can then click on “Credit Cards From All Banks“ to find card offers via the logo of the bank you’re looking for.
I’m excited to see what kind of premium Marriott/Starwood card that AMEX will be able to pull off. Best of all, as a new product, everyone will be eligible for the signup bonus!