As part of the programs of SPG, Ritz, and Marriott merging, the SPG cards will be transitioning. There were rumors that last night was going to be the last chance to apply for the SPG cards at their long-lasting bonuses of points. Doctor of Credit reported on a rumor that the new bonuses would be a statement credit instead of points. Well, the new bonuses are here and they are really bad!
The New SPG Bonuses Are Really Bad
The (Now) Old Bonus
For the longest time, the regular bonuses on the SPG Personal card and the SPG Business card were 25,000 points after meeting the minimum spending. On occasion, the bonus would jump to 30,000 or even 35,000 points also. There was one time that the SPG bonuses were for 2 free nights instead but they didn’t last that long. Unfortunately, the much loved bonus of points seems to be over. Which brings us to the new SPG bonuses.
The New SPG Bonuses
The new SPG bonuses are for statement credits but not in a lump sum. Instead, they are tiered and require purchases at SPG/Marriott properties to trigger part of the statement credit. Here are the offers:
- Earn a $100 statement credit after you make $1,000 in purchases on the Card within your first 3 months of Card Membership
- Earn an additional $100 statement credit after your first purchase on the Card at a participating SPG® or Marriott Rewards®hotel within your first 6 months of Card Membership
These new SPG bonuses are really bad and it has finally created a situation where there is no great reason to apply for the SPG cards. The only reason I can assume they have changed the SPG bonuses like this is to dissuade new cardholders while still offering a bonus.
Bad Earning Changes Coming
Don’t forget that SPG cards (after August 1) will transition to earning just 2 Marriott points per dollar. As of now, you earn 1 SPG point per dollar and those can be transferred to Marriott at 1:3 so these cards will suffer a huge hit for those that actually do spending on them, post-August 1, 2018.
Since Amex card bonuses are for once in a lifetime, I would certainly pass on these cards. Maybe, SPG and Amex will change it down the road or maybe allow the referral program to be the old bonuses.