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New Chase Marriott Rewards Premier Visa Offer – 40,000 Points and $100 Statement Credit

by on September 25, 2013 · 20 comments

in Chase, Marriott

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Update: The offer mentioned below for the Marriott Premier Rewards Visa is no longer available. View the current offer here

 Offer expired: October 16, 2013

Chase released a new sign-up bonus on its Marriott Rewards Premier Visa today. The bonus used to be 50,000 points when you spent $1,000 within 3 months, but now the bonus is 40,000 points when you spend $1,000 in 3 months plus a $100 statement credit after your first purchase.

Marriott 40kThe rest of the terms of the card are the same:

  • 5 points for every $1 spent at over 3,600 Marriott® locations
  • 2 points for every $1 spent on airline tickets purchased directly with the airline, and at car rental agencies & restaurants
  • 1 point for every $1 spent on purchases anywhere else
  • Unlimited Point Accumulation
  • Achieve Elite Status FASTER with Annual Credit and Everyday Purchases
  • 15 Credits toward your next Elite membership level every year after account anniversary
  • Earn 1 Elite Credit for every $3,000 spent
  • No foreign transaction fees
  • SmartChip technology
  • $85 annual fee waived the first year

So the big question is, which offer is better? An extra 10,000 points or the $100 statement credit?

In general, I know a lot of people are drawn to the bigger numbers in a sign-up bonus, but what it comes down to is how much you value Marriott points. Personally, I don’t often see a way to get more than 1 cent per point in value out of Marriott points. For example, let’s say you wanted to book a stay at the JW Marriott at LA Live in October.

Screen shot 2013-09-24 at 3.24.41 PMRooms are going for $319 per night or 35,000 points – breaking down to a value of 0.91 cents per point.

To take another example, let’s say you wanted to use your points towards a beach vacation and wanted to book a room at one of the properties in Maui. The Marriott at Wailea is going for $229 a night or 40,000 points in October – just 0.57 cents per point!

Screen shot 2013-09-24 at 3.27.00 PMThe Ritz-Carlton Kapalua is $299 per night or 50,000 points, about 0.6 cents per point. So in terms of comparing the bonuses, those extra 10,000 points would only be getting you $60 in value instead of the $100 statement credit.

However, there are definitely some times that Marriott points can be worth more than 1 cent apiece, so deciding between the extra points and the statement credit really depends on how you plan to use them.

To take a quick example, the UN is in session this week in New York and the city is absolutely packed with foreign diplomats – hotel prices are through the roof. So let’s say you needed to book a last-minute room in Manhattan tonight, a room at the Fairfield Inn & Suites in Chelsea is going for a jaw-dropping $799, but you could also book it for just 35,000 points.

Screen shot 2013-09-24 at 3.45.52 PMThat’s a value of 2.3 cents per point – so your extra 10,000 points would be worth $230 instead of just $100. That’s an extreme example, but if you were in a pinch and rates were high like this, your points could really help you out.

Or if you were planning to visit a property that is typically expensive all year round, like the Marriott Champs-Elysees in Paris, your points would also be worth over a cent apiece. For example, rooms in October are going for 45,000 points or 579 EUR ($780).

Screen shot 2013-09-24 at 3.50.28 PMGiving you a value of 1.73 cents per point.

As with all things points-related, the value of your points depends on what you plan to use them for. If you have some super-expensive redemptions in mind, it might be worth it to you to go for the offer with 50,000 points instead of the one with 40,000 points and $100 statement credit, but if you find that your typical Marriott redemptions are yielding less than one cent per point in value, the $100 statement credit offer might be the one to consider.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Mohsin

    I got an email for 70,000 sign up points + $3000 spending in first 3 months – I guess it must be a targeted offer.

  • Matt

    No just sign-in to your account and the 70,000 offer will show up there on the left. NO ONE SHOULD EVER SIGN UP FOR THE 40K OFFER!

  • Joe

    It’s tough to get a value of 1 cent for short stays, but with stays of 5 nights (paying for only 4) or the airline and hotel 7 night packages it is possible.

  • upstein

    I had this card 2 years ago. When is it safe to apply again so I can get the bonus?

  • Diotallevi

    Remember, you can convert 112,000 Marriott points into 50,000 United miles. Most other airlines are a 140K:50K conversion rate. Also, as others stated, there is a 70,000 offer out there too. I signed up for that last month bonus last month. $85 annual fee waived the first year and every year you get a free certificate for a 1-5 category hotel night, which I find worth the $85 annual fee.

  • Dan

    Yes no one should ever sign up for this lame offer but TPG won’t get his referral money and he won’t be able to fly first class anymore.

    I’m curious to hear what is the excuse for pushing this one. Usually the justification for the non stop credit card pimping was because “these are the best offers out there.” What now?

  • Ling Lin

    What account do you sign in to see 70,000 offer?
    I never have a Marriott Rewards Premier Credit Card before.

  • Matt

    Yes perhaps he was trying to compete with the new Ritz card offer that has been getting attention.

  • Matt

    Marriott Rewards

  • tjh8402

    One issue with using Marriott points for high demand special event award stays is the draconian cancellation policies. I was looking for a hotel in Austin, Tx during the Formula 1 weekend, and prices everwhere were exorbitant as expected. I was trying to determine who to use my Chase UR points with and compared all their Hotel partner programs. Marriott told me that because it was a special event weekend, I had something ridiculous like only 1 day or 1 week (I don’t remember which) after making my reservation to cancel it, or else I would have to pay the entire cost of the reservation in cash (I couldn’t just forfeit the points). I ended up booking with IHG/PC because they would give me till a month before the reservation to cancel without any sort of penalties (I don’t remember what they were within a month but they weren’t as bad as Marriott).

  • lapsang

    Link is still active for 50k points: https://creditcards.chase.com/a1/marriottpremier/50n1ksh/?CELL=6TVB&SPID=F2RJ

    Also, when I log in, I get a 60k point offer, not 70k.

  • Alan

    I just did the method shown at the FlyerTalk link below and was given the 70k. Much better to do this than follow the 40k link.

    http://www.flyertalk.com/forum/credit-card-programs/1271936-again-70k-points-1-night-no-fee-1st-yr-marriott-premier-visa.html

  • kdjlkjd

    70k/$1000 spend per my Marriott rewards account. It helps if you have points in the acct.

  • Evan

    can you apply the free night (that comes with card) at Ritz Carltons?

  • ryan

    No, the free night is only for category 1-4 hotels

  • Tom

    If. Previously had Marriott card can u get the 70,000
    No one answered this

  • thepointsguy

    No. chase won’t generally allow you to get a signup bonus on the same exact card twice

  • Tom

    Alan did u have Marriott card before?

  • Robert
  • Shangying

    After I applied onlien with 50k bonus i saw the FlyerTalk post and I called the customer service and told them the code. They changed my signing bonus to 70k immediately. Pretty nice!

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