Amex Confirms Launch Date of SPG Luxury Card
With the Marriott & SPG loyalty program merger only a few short weeks away, there has been a lot of news on the co-branded credit card front this week. As was first reported by The Points Guy, American Express has confirmed the launch date of their new SPG Luxury Card.
The card will be available for new sign-ups beginning on August 23rd which is just three days ahead of the harsh new restrictions that were put in place by Marriott, Chase and American Express. If you have recently held co-branded Marriott credit card products from Chase, you might not be eligible to apply for the new SPG Luxury card after August 26th as is outlined in the image below. However, it looks like you will have a short 3-day window to grab the card without being impacted by the restrictions.
American Express SPG Luxury Card Benefits
- $300 in annual statement credits for purchases at Marriott hotels each cardmember year.
- $100 Credit for Global Entry or TSA PreCheck
- Priority Pass Select Membership (will allow you to bring up to two guests into lounges)
- Annual Free Night Award for properties costing 50,000 points or less after card renewal
- Automatic Marriott Gold Status for holding the card
- Ability to earn Platinum status after spending $75k in a calendar year
- 15 elite night credits (beginning in 2019 with the launch of the newly branded loyalty program).
- Earn 6x points per dollar spent at Marriott Hotels
- Earn 3x points per dollar spent at U.S. restaurants and flights booked directly with the airlines.
- Earn 2x on all other spending.
- $450 Annual Fee (not waived in the first year of card membership)
We don’t yet know what the welcome offer bonus is going to be on the new American Express SPG Luxury card, however, I would imagine it will be more than 100,000 Marriott Rewards points as that is what they are currently offering on the SPG Business card which has a much smaller annual fee. We won’t know what the welcome bonus offer is until the card’s launch on August 23rd.
I am also intrigued by the statement credits and the annual free night the card provides. If you spend enough time in Marriott hotels, the $300 statement credit will effectively make your annual fee $150. This is $55 higher than the annual fee on the regular consumer SPG card and I would argue the elevated free night award more than offsets that.
The free night award offered by the regular consumer SPG card only allows the night to be booked for properties costing 35,000 Marriott Rewards points or less which is a category 5 hotel. Being the SPG Luxury card allows you to book a free night for a property costing 50,000 points or less (category 6 hotel), you will have a lot more options that should allow you to offset that additional $55 each year.
Not to mention, come 2019 you will be able to use the free night from the SPG Luxury card to book category 7 hotels during off-peak times as is outlined below.
We will have to wait and see what kind of welcome offer American Express rolls out for the SPG Luxury card. In the meantime, now is a great time to grab the regular SPG cards that relaunched yesterday as they will not impact your ability to get the SPG Luxury card.
H/T: The Points Guy
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer.