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Did you end 2015 without meeting the stay requirement to re-qualify for Marriott elite status? All hope is not lost — Marriott’s now offering you an opportunity to “buy back” your elite status by redeeming a fixed number of points. To participate, simply email EliteBuyBack16@Marriott.com with your name, Rewards number and which of the options below you’d like to select:

  • Buy back Platinum for 40,000 points
  • Buy back Gold for 25,000 points
  • Buy back Silver for 7,500 points

You can also call Marriott at (800) 321-7396 and tell the rep that you’d like to buy back your status. You have until April 1 to make the request.

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Should you do it?

TPG values Marriott Rewards points at 0.7 cents each, so you’ll be using between $52.50 and $280 worth of points here, depending on which status you’re planning to buy back. Of course, you can get more value out of your points, such as with a redemption like this. Last year, contributor Nick Ewen valued Marriott Platinum status at $2,110, thanks to the bonus points, daily breakfast and room upgrades you’ll receive. (Note that you can only redeem for the same elite level you held in 2015.)

Marriott Platinum members also receive complimentary United MileagePlus Premier Silver status thanks to the duo’s RewardsPlus partnership. If you’re planing to travel with Marriott or United this year, it could be worth redeeming points to re-qualify. Also, with Marriott and Starwood expected to merge later this year, there’s a chance your Marriott status could get you perks with SPG before 2016 is through.

H/T: View from the Wing

Will you be buying back your Marriott status?

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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.