Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.
- Chase has increased the welcome bonus on two Marriott Bonvoy credit cards.
- You can earn up to 100,000 Marriott points after meeting minimum spending requirements.
- Be sure to compare these with the increased Marriott card offers from American Express.
- Read Insider’s guide to the best rewards credit cards.
If you’re a Marriott Bonvoy loyalist, there’s now another reason to consider opening a Marriott credit card. Chase has just launched increased welcome offers on the Marriott Bonvoy Boundless™ Credit Card and Marriott Bonvoy Bold™ Credit Card for a limited time, so it’s a good opportunity to stock up on points now for travel when you’re ready to hit the road again.
Limited-time Chase Marriott credit card offers
- Marriott Bonvoy Boundless™ Credit Card: Earn 100,000 Bonus Points after spending $3,000 on purchases in your first 3 months from account opening
- Marriott Bonvoy Bold™ Credit Card: Earn 50,000 Bonus Points after spending $1,000 on purchases in your first 3 months from account opening
Of the two cards, the Marriott Bonvoy Boundless™ Credit Card is a better deal for most travelers. Although it charges a $95 annual fee, the welcome bonus is double that of the no-annual-fee Marriott Bonvoy Bold™ Credit Card, and it comes with a free night valid at Marriott hotels up to 35,000 points each card anniversary.
These aren’t the only elevated Marriott credit card welcome bonuses available right now — American Express also issues co-branded Marriott cards, and through May 12, 2021, the Marriott Bonvoy Brilliant™ American Express® Card and Marriott Bonvoy Business™ American Express® Card have higher — and potentially more lucrative — offers as well.
Here’s what to know if you’re considering applying for a Marriott credit card.
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Chase Marriott Bonvoy Boundless card — earn 100,000 points
Marriott Bonvoy Boundless™ Credit Card
There’s a $95 annual fee, but it’s more than worth it if you can make the most of the card’s annual free night benefit. Each year on your card anniversary, you’ll receive a free night certificate — valid at Marriott hotels that cost 35,000 points or less — and if you redeem it at pricier hotels, you can get a value that far exceeds the annual cost to keep the card.
Cardholders also get automatic Marriott Silver status, which offers perks like a 10% points bonus on paid stays and priority late checkout. If you spend $35,000 or more in an account anniversary year, you’ll get an upgrade to Gold status, which comes with additional benefits. The card also comes with 15 elite night credits each year, which are handy if you’re working toward earning higher status.
You’ll also get travel and shopping protections when you use your card, including baggage delay insurance, lost luggage reimbursement, trip delay reimbursement, and purchase protection.
Off-peak award nights at Marriott Bonvoy hotels start at just 5,000 points, so it’s possible to get up to 20 nights out of the Marriott Bonvoy Boundless™ Credit Card’s welcome offer. Or, if you prefer upscale hotels, you could redeem the bonus for a shorter getaway at higher-category Marriott brands like JW Marriott or W Hotels.
Marriott points are worth, on average, 0.7 cents each according to Insider’s points and miles valuations, so you can expect to get around $700 in value from the 100,000-point bonus on the Marriott Bonvoy Boundless™ Credit Card.
You don’t have to use your points at fancy hotels to get a good value, either. For example, I recently used 5,000 Marriott points for a comfortable stay with my kids at a brand-new Fairfield Inn in Cleveland. If I’d paid cash, the room would have cost around $120, so I got a value of 2.4 cents per point in this case.
If you’re not looking to redeem points for hotel stays, Marriott Bonvoy points are still useful. You can transfer Marriott points to over 40 frequent flyer programs — including airlines like Alaska and American that don’t partner with other transferable bank points — and it’s possible to get even more value when you redeem this way.
Chase Marriott Bonvoy Bold card — earn 50,000 points
Marriott Bonvoy Bold™ Credit Card
As you might expect from a card with no annual fee, the Marriott Bonvoy Bold™ Credit Card doesn’t come with as many benefits as its annual-fee counterparts. Just like with other Marriott cards, cardholders receive 15 elite night credits per year (enough for Silver status), but the card only earns 14x points at Marriott hotels, 2x points on travel, and 1 point per dollar on all other purchases.
You won’t receive an anniversary free night certificate with the Marriott Bonvoy Bold™ Credit Card, either, but the card does come with travel and purchase protections, including baggage delay insurance, lost luggage reimbursement, and trip delay reimbursement. It also doesn’t add foreign transaction fees, which is uncommon for a no-annual-fee card.
Which Marriott card offer should you choose?
Unless you absolutely don’t want to pay an annual fee, you’ll do better with the welcome offer and benefits on the Marriott Bonvoy Boundless™ Credit Card. The extra 50,000 points from the welcome bonus are worth around $350 (based on Insider’s valuations), so that’s more than enough to justify paying the annual fee in the first year. And beyond that, there’s lots of ongoing value to be had in the card’s annual anniversary free night certificate.
Keep in mind, too, that the Chase 5/24 rule applies to the Marriott cards, which means if you’ve opened five or more cards (from any bank) in the past 24 months, you won’t be approved. Because of this, it makes the most sense to apply for bonuses when they’re at their highest — and in this case, to choose the card that offers you the most return.
You’re also not eligible for either card if you already have a Marriott Bonvoy Boundless™ Credit Card, Marriott Bonvoy Bold™ Credit Card, or Marriott Premier (no longer available to new applicants) card open, or if you received the welcome bonus on one of these cards in the past 24 months.
Be sure to also have a look at Amex’s Marriott card offers right now, because they’re offering up to 125,000 points plus statement credits toward eligible purchases:
- Marriott Bonvoy Brilliant™ American Express® Card: Earn 125,000 bonus Marriott Bonvoy points after you use your new Card to make $5,000 in purchases within the first 3 months, plus up to $200 in statement credits for eligible purchases at U.S. Restaurants within the first 6 months of Card membership.
- Marriott Bonvoy Business™ American Express® Card: Earn 100,000 bonus Marriott Bonvoy points, plus up to $150 back in statement credits, after you use your new Card to make $5,000 of eligible purchases within the first 3 months of Card membership
Marriott has paused points expiration until August 1, 2021, because of the pandemic, and beyond that, your points normally expire after 24 months of account inactivity. So no matter which offer you choose, you’ll have plenty of time to redeem your points for a trip.
Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles. She has covered credit cards, points and miles, and loyalty programs for over seven years, and she’s a Certified Educator in Personal Finance (CEPF).
Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.
Please note: While the offers mentioned above are accurate at the time of publication, they’re subject to change at any time and may have changed, or may no longer be available.
Source: Read Full Article