The Starwood Preferred Guest Luxury Card, which will be the latest addition to the Marriott family credit card portfolio, is actually scheduled to launch August 23, 2018. We thought it would launch August 26, when all the new eligibility rules for sign up bonuses on Marriott family cards kick in, but it turns out there will be a span of three days in which one can apply before the new rules lock you out for up to two years.
What the SPG Luxury Card Benefits Package Will Look Like
While the rest of the benefits have been detailed by Amex, we don’t officially know what the bonus will be. The rumor is 125,000 points. You will be able to transfer these at the rate of 3 points to 1 airline mile of almost any type, or redeem them at SPG or Marriott properties starting at 7.5k points/night and maxing out at 60k points a night through 2018.
The annual fee will be $450. As you might expect, it will come with a serious host of benefits that, for Marriott patrons, will easily outweigh such a fee.
- $300 statement credit for purchases at Marriott & SPG hotels every year you hold the card (not calendar year)
- Category Bonuses:
- 6x at SPG & Marriott hotels
- 3x at U.S. restaurants and on flights booked directly with airlines
- 2x for all other purchases
- Retention bonus: Free Night Award every year after your anniversary at hotels that cost 50k points or less
- Elite Status: Gold Elite, with a fast track to Platinum for spending $75k on the card in a calendar year, and as of 2019 you’ll get 15 nights that count towards elite status
- Lounge Access: Priority Pass Membership (access for you and two guests)
- Statement credit for Global Entry ($100) or TSA PreCheck ($85) every four years
- Unlimited Boingo Wi-Fi access
- No foreign transaction fees
Stipulations Effective August 26
These will be the new rules that determine who is eligible for the SPG Amex Luxury Card’s bonus:
If you have or have had a Ritz-Carlton Rewards Card in the last 30 days, you are not eligible for the SPG Luxury card bonus.
If you opened any of the following cards in the last 90 days, you are not eligible for the SPG Luxury Card’s bonus.
- Chase Marriott Rewards Premier Plus
- Chase Marriott Rewards Premier (the old $85/year version of the Premier Plus)
- Chase Marriott Rewards Premier Business
If you have gotten a welcome or upgrade offer on any of those cards listed above in the last 24 months, you are also not eligible for the SPG Luxury Card bonus.
If you any of the above applies to you, consider applying between August 23 and 25 to escape their jurisdiction August 26.
Old Sign Up Rules to Remember
The already existing rules that could have an impact on your eligibility for the SPG Luxury card are as follows:
- Don’t apply for more than 1 Amex in a five day period
- Don’t apply for more than 2 Amex cards in a 90 day period
- You are limited to holding four to five American Express credit cards. Both personal and business count toward this limit. (AMEX Everyday, Delta, and the SPG Luxury card are credit cards.)
- Separately, you are limited to holding four to five American Express charge cards. Both personal and business count toward this limit. (AMEX Platinum is a charge card.)
How Opening a Luxury Card will Affect Your Eligibility for Other Marriott Family Cards
If you open an Amex Luxury card, you will be locked out of the Chase Marriott Rewards Premier Plus and the Premier Plus Business bonus for 90 days. I don’t think that’s a big deal since the Luxury card’s bonus is rumored to be better than the Marriott cards’ bonuses (both of which are currently 75k points for spending $3,000 in three months).
You will have three days, August 23, 24, and 25, to apply for the SPG Luxury Card and still be eligible for the bonus if you’ve earned a bonus on any Chase Marriott in the last two years or opened the Ritz-Carlton card in the last 30 days. While a short period of time, it’s much better than what we previously thought, which was that many would be locked out of the new Luxury card’s bonus for a long time.
Are you going to slip an SPG Luxury Card in before the new rules hit on August 26?