A huge win for anyone who travels using points and miles!
Today, Marriott announced signing new co-branding agreements with both Chase AND American Express for Marriott Rewards, Ritz-Carlton Rewards, and SPG.
Arne Sorenson, Marriott International’s President and Chief Executive Officer shared:
“We are pleased to bring together the power of JPMorgan Chase and American Express with our global portfolio of brands to continue to provide consumers with choices. We expect our loyalty program members, owners and franchisees, and our shareholders will see significant incremental benefits from these new agreements.”
These new cards will offer “enhanced member benefits,” which are still to be determined. We have high hopes though! Making this news even better, Marriott also announced that they will offer personal and business versions of the new cards.
Details are still coming in but we do know that starting in 2018:
- Amex will offer a “super-premium” card in both personal and small business versions, co-branded with Marriott
- Chase will offer a personal premium card, co-branded with Marriott
When news of the merger between Marriott and Starwood Hotels surfaced in September 2016, it worried many of us in the awards travel space because their rewards programs were quite different, and the Starwood Preferred Guest (SPG) program was one the most coveted in the industry.
As details began to emerge, we were happy to learn that not only was the SPG program going to remain the same for now, but members also gained immediate access to the Marriott program and its many benefits.
More changes are expected in 2018, but overall, the response has been positive. Travelers have even found new ways to maximize how they travel redeem points.
While we’re still waiting on more information on these new cards, it’s nice to get this news from Marriott since we know a lot of readers were concerned about the future of the SPG card and how it might affect SPG point valuations.
So what’s changing today?
Nothing quite yet.
Both the Marriott and SPG rewards programs will remain the same for the time being as well as the current sign-up bonuses. Even with changes on the horizon, we think it’s smart to take advantage of these offers while you still can.
Since both programs value loyalty, having the Starwood Preferred Guest Card from American Express or Marriott Rewards Premier in your wallet may offer additional benefits once the new agreements are finalized.
We'll keep you posted as more details emerge.
What’s your take on the news?
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