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What are you doing w/ your SPG points?

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K-in-Boston
Epic Contributor

Re: What are you doing w/ your SPG points?


@Anonymous wrote:

Who plans on cancelling their SPG card due to the combination of programs? I myself will strongly consider it when my year is up in March.


For me it's going to depend on what happens to the card and its current earning power (1 Marriott point on "all other purchases" isn't likely to cut it for me, particularly if the rewards become revenue-based), what the new Amex and Chase cards offer (and whether a new Chase card is subject to 5/24), and whether the card goes to Chase or stays with Amex.  The transferability is a big one for me (both to partners and between family members - Starpoints are uncapped, Marriott only lets you transfer a set amount per year to a family member).  And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

Message 41 of 64
Anonymous
Not applicable

Re: What are you doing w/ your SPG points?


@K-in-Boston wrote:

@Anonymous wrote:

Who plans on cancelling their SPG card due to the combination of programs? I myself will strongly consider it when my year is up in March.


For me it's going to depend on what happens to the card and its current earning power (1 Marriott point on "all other purchases" isn't likely to cut it for me, particularly if the rewards become revenue-based), what the new Amex and Chase cards offer (and whether a new Chase card is subject to 5/24), and whether the card goes to Chase or stays with Amex.  The transferability is a big one for me (both to partners and between family members - Starpoints are uncapped, Marriott only lets you transfer a set amount per year to a family member).  And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.


You might be stuck with the issue of earning 1 Marriott point on "all other purchases." Looking at Chase's card, it seems as if Marriott doesn't care about giving out free nights to card spenders unless the cardholder spends a boat load of money. When you have to spend $8,000 to redeem for one night in a $79 room, it's hard to justify being loyal to Marriott's program.  

 

In fact, I think Marriott has the worst card program of all hotel chains. At least at Hilton they multiply the points many times over, and at Hyatt & SPG they only require $8,000 in spend to get a room in the $200-$350 range. 

Message 42 of 64
SkyCommander
Frequent Contributor

Re: What are you doing w/ your SPG points?

I'm already considering cancelling my SPG card June-July when my fee appears. I'm hoping the news next week will be able to give me a better idea what's going to happen and then plan accordingly. 

Message 43 of 64
UpperNwGuy
Valued Contributor

Re: What are you doing w/ your SPG points?


@K-in-Boston wrote:

@Anonymous And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

I have never heard of anyone using Marriott as the cornerstone of their rewards strategy until reading your post just now.  I think you need to revisit your entire strategy.  My advice would be to base your rewards strategy on MR, UR, airline miles, or cash back.  Hotel points just don't cut it.

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Message 44 of 64
Anonymous
Not applicable

Re: What are you doing w/ your SPG points?


@UpperNwGuy wrote:

@K-in-Boston wrote:

@Anonymous And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

I have never heard of anyone using Marriott as the cornerstone of their rewards strategy until reading your post just now.  I think you need to revisit your entire strategy.  My advice would be to base your rewards strategy on MR, UR, airline miles, or cash back.  Hotel points just don't cut it.


Hyatt points are worthwhile. I'd rather have the Hyatt card than a Citi DC. 

Message 45 of 64
redpat
Senior Contributor

Re: What are you doing w/ your SPG points?


@Anonymous wrote:

@UpperNwGuy wrote:

@K-in-Boston wrote:

@Anonymous And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

I have never heard of anyone using Marriott as the cornerstone of their rewards strategy until reading your post just now.  I think you need to revisit your entire strategy.  My advice would be to base your rewards strategy on MR, UR, airline miles, or cash back.  Hotel points just don't cut it.


Hyatt points are worthwhile. I'd rather have the Hyatt card than a Citi DC. 


I was on the Hyatt bandwagon for a while but jumped off because there are just not enough of them.  I jumped on to marriott because the SPG card is getting 3x marriott points, which is better than what an airline mile would get for $1 spent.  Plus, I had a ton SPG points from stays already.

 

Hotel points do cut it if you have business travel and having a card to get additional points does have value.

Personal Cards: Amex Delta Res | CSR | Citi AA Exec | Citi Strata Premier Business Cards: Ink+ | Amex BBP
Message 46 of 64
Kree
Established Contributor

Re: What are you doing w/ your SPG points?

From the SPG moments "Be a VIP at Hotel Danieli, a Luxury Collection Hotel, for a private concert of the British cellist Guy Johnston"  current bid 40,000 points. 

 

Or if you are into it, they have a couple country music award packages.  SPG moments might not be the same after the merger.  Get them before everyone is spending SPG points and raising the price. Or not.

Message 47 of 64
Anonymous
Not applicable

Re: What are you doing w/ your SPG points?


@redpat wrote:

@Anonymous wrote:

@UpperNwGuy wrote:

@K-in-Boston wrote:

@Anonymous And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

I have never heard of anyone using Marriott as the cornerstone of their rewards strategy until reading your post just now.  I think you need to revisit your entire strategy.  My advice would be to base your rewards strategy on MR, UR, airline miles, or cash back.  Hotel points just don't cut it.


Hyatt points are worthwhile. I'd rather have the Hyatt card than a Citi DC. 


I was on the Hyatt bandwagon for a while but jumped off because there are just not enough of them.  I jumped on to marriott because the SPG card is getting 3x marriott points, which is better than what an airline mile would get for $1 spent.  Plus, I had a ton SPG points from stays already.

 

Hotel points do cut it if you have business travel and having a card to get additional points does have value.


True, but if you're going on a vacation, the typical destination hotspots have at least one Hyatt usually.

Message 48 of 64
K-in-Boston
Epic Contributor

Re: What are you doing w/ your SPG points?


@UpperNwGuy wrote:

@K-in-Boston wrote:

@Anonymous And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

I have never heard of anyone using Marriott as the cornerstone of their rewards strategy until reading your post just now.  I think you need to revisit your entire strategy.  My advice would be to base your rewards strategy on MR, UR, airline miles, or cash back.  Hotel points just don't cut it.


Over the past year or so, I’ve cashed out about 500,000 Marriott points at an average of about 2.6 cents each. The majority of that was earned using the SPG card with 3 points per dollar (6 for revenue stays) which is effectively 7.8% back, airfare spend I got 5 points per dollar via Amex Plat which is effectively 13% back, and the rest I got 1 or 2 points via URs for 2.6 to 5.2% back. Plus there’s the Freedom spend that was 13% back and lots of Amex Offers, too. I do amass URs and MRs - they get dumped into Marriott.

 

We almost always travel as a family of four so First Class long hauls aren’t really viable for big miles redemption value and I’d rather do more trips in E+ than save up for the big First flights. If I can do better than 8+% back on average for my spend, please let me know how. If and when the gravy train ends, I will need to revisit my strategy.

Message 49 of 64
red259
Super Contributor

Re: What are you doing w/ your SPG points?


@K-in-Boston wrote:

@UpperNwGuy wrote:

@K-in-Boston wrote:

@Anonymous And what happens with the Gold/Plat50/Plat75 tiers, and how one can earn higher elite status through spend will play a massive role in whether I continue with Marriott/Starwood as the cornerstone of my rewards strategy.

I have never heard of anyone using Marriott as the cornerstone of their rewards strategy until reading your post just now.  I think you need to revisit your entire strategy.  My advice would be to base your rewards strategy on MR, UR, airline miles, or cash back.  Hotel points just don't cut it.


Over the past year or so, I’ve cashed out about 500,000 Marriott points at an average of about 2.6 cents each. The majority of that was earned using the SPG card with 3 points per dollar (6 for revenue stays) which is effectively 7.8% back, airfare spend I got 5 points per dollar via Amex Plat which is effectively 13% back, and the rest I got 1 or 2 points via URs for 2.6 to 5.2% back. Plus there’s the Freedom spend that was 13% back and lots of Amex Offers, too. I do amass URs and MRs - they get dumped into Marriott.

 

We almost always travel as a family of four so First Class long hauls aren’t really viable for big miles redemption value and I’d rather do more trips in E+ than save up for the big First flights. If I can do better than 8+% back on average for my spend, please let me know how. If and when the gravy train ends, I will need to revisit my strategy.


I'm curious are you a road warrior and that is how you have all these points or are you just having everyone in the family signing up for credit cards? 

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Message 50 of 64
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