On Tuesday we covered the unveiling of the Marriott Bonvoy American Express card.
Unfortunately this is not a brand new product. It is a rebranding of the existing Starwood Preferred Guest American Express card, with a few tweeks.
From 26th February:
The name of the card will be changed to the Marriott Bonvoy American Express card
The earning rate will be slashed by 33%, from 3 Marriott Bonvoy points per £1 to 2 Marriott Bonvoy points per £1
The earning rate at Marriott Bonvoy hotels will remain 6 Marriott Bonvoy points per £1
Instead of giving all cardholders Silver Elite status, you will receive 15 elite night credits per year. This will trigger Silver Elite status anyway, but also means that you are 15 nights closer to Gold Elite, Platinum Elite or Titanium Elite status. This is a genuine improvement.
The annual fee remains at £75
Here is the new design:
What we didn’t know is what would happen to the sign-up bonus. Business Traveller has received a briefing from Marriott on this which, whilst it has not been verified by American Express, we can safely assume is accurate.
This is what happens on 26th February:
The sign-up bonus is cut from 30,000 Marriott Bonvoy points to 20,000 points
The qualifying spend required to hit the bonus increases from £1,000 in 90 days to £3,000 in 90 days
This is rubbish, to put it mildly. Add in the 33% cut in the earning rate per £1 and the refusal to cut the £75 annual fee and the package does not look good.
There was one other nugget of information in the Business Traveller article:
You will receive your 15 nights elite credit in April 2020, and thereafter in January
How does the Marriott Bonvoy American Express compare?
Whilst weaker than it was, the new card is on a par in some ways with American Express Preferred Rewards Gold when you get beyond the first year:
Amex Gold – no fee, 10000 Membership Rewards points bonus for spending £3000 in 90 days, points transfer to 15000 Bonvoy points or to many other airline and hotel schemes, two free airport passes
Bonvoy Amex – £75 fee, 20000 Bonvoy points bonus for spending £3000 in 90 days, Silver Elite status in Marriott Bonvoy
Amex Gold is the winner here.
Second and subsequent years:
Amex Gold – £140 fee, 1 Membership Rewards point per £1 spent (worth 1.5 Bonvoy points or transfer to other airline or hotel schemes), double points on airline spend, 10000 bonus points (worth 15,000 Bonvoy points) for spending £15000, two additional airport lounge passes
Bonvoy Amex – £75 fee, 2 Bonvoy points per £1 spent, 6 points per £1 spent at Marriott hotels, Gold Elite status for spending £15000, a free night worth 25,000 Bonvoy points (circa 3-star level) for spending £25000
The Marriott Bonvoy Amex probably edges it here. In reality, however, you may do better cancelling both cards after the first year and moving onto, say, the American Express Rewards Credit Card (below) which is free for life and earns 1 Membership Rewards point per £1.
But does it really matter?
In truth, the cut in the sign-up bonus won’t impact many Head for Points readers.
It is VERY tricky to qualify for the bonus. You need to have had NO personal American Express cards, of any sort (except supplementary cards or Lloyds / MBNA cards) in the past 24 months. There are not many readers who can manage that.
Oddly enough, I will keep recommending the Bonvoy card to some people. The best way to maximise your American Express bonuses under the current rules remains:
1st card – SPG Amex / Bonvoy Amex
2nd card – The Platinum Card or British Airways Premium Plus
3rd card – The Platinum Card or British Airways Premium Plus
If you apply in this order you will receive three bonuses if you have had no personal Amex cards in the last two years. My full article outlining how the sign-up bonus rules now work is here.
Want to earn more points from credit cards? – December 2023 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
SPECIAL OFFER: Until 9th January 2024, you will receive 30,000 Membership Rewards points (convertible to 30,000 Avios) with American Express Preferred Rewards Gold. You receive 25,000 points if you spend £3,000 in three months and a further 5,000 points if you hold the card for 15 months. You can apply here.
SPECIAL OFFER: Until 9th January 2024, you will receive a huge 100,000 Membership Rewards points (convertible to 100,000 Avios) with The Platinum Card. You receive 75,000 points if you spend £10,000 in six months and a further 25,000 points if you hold the card for 15 months. You can apply here.
British Airways American Express Premium Plus
25,000 Avios and the famous annual 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 30,000 points (TO 9th JANUARY), FREE for a year & four airport ….. Read our full review
The Platinum Card from American Express
Crazy 100,000 points (TO 9th JANUARY) and a huge range of valuable benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 bonus points and 1.5 points for every £1 you spend Read our full review
Earning miles and points from small business cards
If you are a sole trader or run a small company, you may also want to check out these offers:
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
American Express Business Platinum
40,000 points bonus and an annual £200 Amex Travel credit Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
Capital On Tap Business Rewards Visa
Get a 10,000 points bonus plus an extra 500 points for our readers Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.