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.
Citi Prestige® Card
- Annual Fee: $450 fee
- Foreign Fees: No
- Card Type: Bank
The increase to 50,000 ThankYou points for the Citi Prestige card may be a signal that Citi wants back in the game, big time. The sign-up bonus has just been increased to 50K points from the previous 30K offer. An added benefit is a $250 annual air travel credit each calendar year -- so, if you sign up in April, you'll receive the credit this year, and again in January of next year -- which more than covers the $450 first year fee. When you add in lounge access for you and up to two of your guests, you’ve added another $400+ in value. One more benefit worth mentioning is the fourth night free for any four-night hotel stay booked through Wagonlit Travel. And lastly is the $100 statement credit when you sign up for Global Entry and pay for it using the Prestige card. Don’t forget the ever-growing number of airline transfer partners that work with the ThankYou points program.
- $250 Air Travel Credit each year
- Complimentary 4th Night for any hotel stay
- Earn 50,000 bonus ThankYou® Points after $3,000 in purchases made with your card in the first 3 months the account is open.
- Points are redeemable for an $800 flight on American Airlines or US Airways®, a $665 flight on any other airline or $500 in gift cards.
- Transfer points to a variety of travel loyalty programs from airlines to hotels.
- Earn 3x points on Air Travel and Hotels
- Earn 2x points on Dining at Restaurants and Entertainment
- 1 ThankYou® Point per $1 spent on other purchases