**Update: Marriott Reward Visas are being closed as of March 15th 2018. No new applications beige accepted**
Ah, the Marriott Rewards Visa by Chase. It probably sounds cliché by now, but this card is a no brainer. Even if you have no desire to stay at Marriott properties (my school of thought when I first came across it), it can and will come in handy. Don’t believe me? I didn’t either until I realized the potential. Wait, isn’t that a slogan or something? Realize the potential….I digress! Let’s take a close look at this card.
Welcome Bonus: 50,000 Marriott Reward Points after spending your first purchase.
Annual Fee: $120 (Annual fee waiver)
Referral Power: Zilch
Earning Power: 5 Points per dollar spent at Marriott and SPG hotels around the world.
2 Points per dollar spent on airline tickets when you buy direct throughthe airline as well as on car rentals and restaurants
1 Point per dollar on everything else
Bells & Whistles:
The Chase Marriott Rewards Visa looks pretty good so far, right? First year free, 50K Marriott Reward points after you buy yourself a coffee and a pretty decent earning power if you stay at Marriott and SPG properties. Still with me? It gets better. This card also offers, wait for it, no Foreign Exchange Transaction Fees! Most cards as you are probably aware charge you in the range of 2-3% for using your card when you’re traveling abroad. That’s on top of the exchange rate as well. With the Marriott Rewards Visa, you’re saving that 2-3% extra you would have to pay if you were to use another card. If may not sound like a big deal, but if you’ve ever gone on vacation and then looked at your credit card statement, you know firsthand how fast those fees can add up. Also included with the card you’ll get an annual Anniversary Free night stay e-certificate to be used at any Category 1-5 Marriott Hotel. Lastly, you’ll also get 15 elite credits toward your Marriott Rewards Elite membership every year. Keep in mind you can also transfer Marriott Reward Points over to SPG at a rate of 3:1. So for 50,000 Marriott Rerward Points you’d receive 16,666 Starpoints (or 16,667 depending on rounding). Or you could even spend a little bit more on the Marriott Visa, get your balance up to 60,000 Marriott Rewards Points and then transfer them over. You’d get an even 20,000 Starpoints, which when redeemed for flights would get you an extra 25%. So for instance, your 20,000 Starpoints would get you 25,000 miles or points when you transfer them to an airline (assuming a 1:1 transfer). Sweet!
As mentioned above, Earning Power on the Marriott Visa gets you 5 points per dollar at Marriott and SPG properties, 2 points per dollar on airline tickets, car rentals and when dining out and 1 point per dollar on everything else.
Nothing to write home about here, to be frank.
For Travel Expenses charged to your card you will obtain the following:
Auto Rental Collision Damage Waiver Insurance Coverage
Seriously, the Marriott Rewards Visa is a phenomenal card. I mean, 50,000 Marriott Reward Points on your first purchase? Annual Fee waiver PLUS no FX fee? 15 nights credit towards your Marriott Rewards status, as well. Not to mention the ability to transfer seamlessly between Marriott and SPG programs. This card has HUGE value and there is absolutely no reason why you should possess this card.
Applying through the above link will get you 50,000 which is more than the standard offer of 30,000. Don’t make the mistake of missing out on 20,000 free Marriott points!
If you have any questions, you know the drill – either shoot me an comment below or an email!