I found this example in an email I received.
RE: the Chase Marriott Card
“1 30,000 Bonus Points: You will qualify and receive your bonus after your first purchase/first use of the card. First purchase/first use includes purchases, balance transfers, or any checks that are used to access your account, and excludes cash advances. After qualifying, please allow 6 to 8 weeks for bonus points to post to your Marriott Rewards account. This one-time bonus offer is valid only for first time Marriott Rewards Credit Cardmembers. Previous and existing Marriott Rewards Credit Card Cardmembers are not eligible for this bonus offer. If your account is not open for at least 6 months, Marriott and Chase reserve the right to deduct the bonus points from your Marriott Rewards account. ”
I’ve highlighted the sentence of concern. I have seen a similar statement elsewhere, but this is my first opportunity to put it in print.
This is a legitimate term and condition of their offer for this card and its signup bonus. Will they enforce it? I don’t know. Have you had it happen?
Suppose they give you the points, you use the points and then cancel within 6 months? Will your Marriott account show a negative 30,000 points? I don’t know. I doubt it. But I don’t know.
Card applicants are having an effect (affect) on card sign up bonuses. The evidence is clear. Is it too hard to hold onto this card for six months? Obviously not, but they now have it in writing and you have been warned.
If you can comment on other cards where you have seen this restriction, it may be helpful to others.
IHG® Rewards Club Select Credit Card
- Annual Fee: $49 fee waived for the first year
- Foreign Fees: No
- Card Type: Hotel
The IHG Rewards Club Visa is often cited as one of the most underrated hotel credit cards, with good reason. The official offer is for 70,000 points after $1,000 spent within three months, with the first year’s fee waived. The card comes with an annual free night certificate that can be used at any IHG property, including Intercontinental hotels - making this certificate worth upwards of 50,000 points. This is far more generous than some other hotel cards, which limit the categories in which free night certificates can be redeemed.
Cardholders earn 5 points per dollar at IHG hotels; 2 points per dollar at gas stations, grocery stores, and restaurants; 1 point per dollar everywhere else. Moreover, you’ll get a 10% rebate on award redemptions, up to 100,000 points per year. The card also comes with Platinum status, though that doesn’t get you much with IHG. Still, this is a fantastic card to have in your wallet, with benefits that far outweigh the already low $49 annual fee.
- Earn 70,000 bonus points after you spend $1,000 in the first 3 months of account opening
- Enjoy a free night of card membership at over 4,700 hotels worldwide
- Earn 5 points for each $1 spent at our hotels
- Earn 2 points per $1 spent on purchases at gas stations, grocery stores and restaurants
- Bonus points redeemable at hotels such as Intercontinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn®
- Automatic platinum elite status, as long as you remain a cardmember
- $0 introductory annual fee the first year, then $49