Applying for Chase Marriott -- hard pull if I already have a Chase card?

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JamesMS
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Postby JamesMS » Wed Apr 15, 2015 10:14 pm

jcarte29 wrote:It's AWESOME to know I'm not at my max with Chase yet especially since they have my mortgage and a car note! (and a paid off car note from 2 years ago LOL).


I realized a long time ago, having a banking relationship with a bank is always a good idea. I also have my mortgage and a credit card through chase.

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Apr 15, 2015 10:48 pm

I was browsing the Marriott website, looking for a room for this weekend, and I got a (targeted?) offer for 40k points, a $150 statement credit, and a waived first-year fee. $2k required spending in 3 months.

That is tempting.

Edit: Losing 10k points but getting $150 is a good tradeoff. Maybe there are better offers, though.

And I just went with CSP.

Had I used Marriott points, I would have gotten less than 0.5 cpp.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

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Postby amex007 » Thu Apr 16, 2015 1:21 pm

CarefulBuilder14 wrote:Had I used Marriott points, I would have gotten less than 0.5 cpp.


Marriot and Hilton point values are laughable.
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Postby takeshi » Fri Apr 17, 2015 9:00 am

JamesMS wrote:I realized a long time ago, having a banking relationship with a bank is always a good idea.

It can help but it won't make or break credit decisions on its own. I have 4 cards with Chase but no checking, savings, mortgage, etc with Chase. My highest CL is at a CU where I only have a credit card though I recently added a MM savings account with minimum deposit just to avoid the AF on the card and keep its rewards at the higher tier.

If one intends to bank with the bank anyway it can be a good idea.

popamode72
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Postby popamode72 » Fri Apr 17, 2015 9:14 am

CarefulBuilder14 wrote:I was browsing the Marriott website, looking for a room for this weekend, and I got a (targeted?) offer for 40k points, a $150 statement credit, and a waived first-year fee. $2k required spending in 3 months.

That is tempting.

Edit: Losing 10k points but getting $150 is a good tradeoff. Maybe there are better offers, though.

And I just went with CSP.

Had I used Marriott points, I would have gotten less than 0.5 cpp.


I didn't realize how horrible the redemption value on those Marriott points could though I'm sure you could convert those to airline miles if you wanted.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Apr 17, 2015 5:10 pm

popamode72 wrote:I didn't realize how horrible the redemption value on those Marriott points could though I'm sure you could convert those to airline miles if you wanted.


I think the way to get better value is to go to a very low category property (like 1 or 2) that has a low reward point price but a relatively high cash price because there is less competition nearby. If you're in a major city with more competition, then you'll have low cash prices for high-category hotels. That's been my experience in NYC and it looks that way for a few other cities.

For example:
A Cat 1 hotel may cost $100 cash or 7500 points. That's 1.33 cpp. Okay, but nothing special.
A Cat 9 hotel may cost $250 cash or 45000 points. That's 0.56 cpp. Much worse.
Occupancy taxes, and the room rate on which they are calculated, will complicate this a bit.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Apr 20, 2015 11:20 am

CarefulBuilder14 wrote:Had I used Marriott points, I would have gotten less than 0.5 cpp.


The cash rate wasn't a particular bargain. Cash rates in the general area were a bit low last weekend, and there was some category inflation at work.

CarefulBuilder14 wrote:A Cat 1 hotel may cost $100 cash or 7500 points. That's 1.33 cpp. Okay, but nothing special.
A Cat 9 hotel may cost $250 cash or 45000 points. That's 0.56 cpp. Much worse.
Occupancy taxes, and the room rate on which they are calculated, will complicate this a bit.


I'd modify this a bit. Based on research for a future trip, Marriott rates can rise a lot at times, and several hotels in an area can raise their rates together, quickly.

So you can get a more reasonable deal - but still not a great one - if you spend 35k-45k points for a room that would cost $400-$500 during a busy period.

So for my next trip, I think I may transfer some UR points to Hyatt for about a 2.3 cpp redemption rate. It would be better to use them for vacation/fun, but I'm not getting reimbursed by anyone on this trip and it is an efficient use of them.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

jcarte29
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Postby jcarte29 » Mon Apr 20, 2015 11:26 am

I thank everyone for the knowledge on these Marriot points. I'm still waiting on the card to arrive (ever so patiently lol) but it shows up in my Chase log in and I've received the email for the silver upgrade for the free night (I'll find an excuse to use it especially since I live near Wilmington/Wrightsville where I can chill at the beach one weekend).

So excited! I think it'll be a great compliment to my CSP.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

jcarte29
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Re: Applying for Chase Marriot -- hard pull if I already have a Chase card?

Postby jcarte29 » Fri Apr 24, 2015 8:52 am

Quick update: Still waiting on the Marriot card! lol The anticipation the last 3 nights at the mailbox has been sooooo teasing, especially with the emails already feeding through along with information about it on my Chase online account.

Will it be the one made of metal everyone is talkin about?
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

popamode72
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Re: Applying for Chase Marriot -- hard pull if I already have a Chase card?

Postby popamode72 » Fri Apr 24, 2015 8:56 am

jcarte29 wrote:Quick update: Still waiting on the Marriot card! lol The anticipation the last 3 nights at the mailbox has been sooooo teasing, especially with the emails already feeding through along with information about it on my Chase online account.

Will it be the one made of metal everyone is talkin about?

I think you should have called the number and had that sucker expedited for free. It would have gotten there by now man.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)



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