For the first time ever, 2 banks will work together to limit the signup bonus offered on a co-brand card.
Below is a copy of the new restrictions on the Chase Marriott Premier Plus consumer card that will start on 8/26. Click Here to get more details on this card and compare to other hotel cards!
In other words you can currently receive the signup bonus as long as you don’t have a Marriott consumer card and haven’t received a signup bonus on a Marriott consumer card in the past 24 months.
Starting on 8/26 though you also won’t get the bonus on the Marriott consumer card if:
- You have the SPG Consumer AMEX or had one within the last 30 days.
- You have or had the SPG Consumer Luxury AMEX or SPG Business AMEX and got the bonus on one of those cards within the past 24 months
- You were approved for any SPG AMEX product within the past 90 days.
Similar cross-bank terms will soon be added onto all Marriott and Starwood cards. Unfortunately AMEX isn’t currently awarding any signup bonus points on the Starwood cards.
It can definitely be worth holding onto Starwood AMEX and Chase Marriott cards as they each come with highly valuable annual anniversary nights.
If you don’t want to be subject to these new terms you’ll have to apply for the Chase Marriott Rewards Premier Plus Credit Card by 8/25. Click Here to get more details on this card and compare to other hotel cards!
This is just another reason why I was rooting against the Marriott takeover of Starwood. They have murdered the value for spending on Starwood AMEX cards and are now starting cross-bank bonus crackdowns. Sad!