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By: Spencer Howard, Editor-in-Chief
American Express just launched a new card today, the Starwood Preferred Guest Luxury Card!
Let’s be clear off the bat, if you’re under 5/24, stop reading now and just continue taking advantage of welcome bonuses that get you tons of Ultimate Rewards points (or United miles or Southwest points). If you have already hit 5/24, this might be a good pickup in some circumstances.
Considering the SPG Luxury Card comes with a $450 annual fee that isn’t waived the first year, you’re going to want to put some thought into this one.
SPG Luxury Card Details
- 100,000 points if you spend $5k in 3 months (Note: These are now Marriott points, not the old Starwood points)
- Annual $300 SPG/Marriott credit
- Annual free night award at property costing no more than 50,000 points per night (received on your account anniversary)
- Spend $75,000 for Platinum Elite status (really? pass.)
- Complimentary Gold Elite status as a cardholder
- 15 elite qualifying nights per year starting in 2019
- Priority Pass Select membership
- Global Entry/TSA PreCheck application credit every 4 years
- Earn 6X at SPG/Marriott properties
- Earn 3X at restaurants and on flights booked directly with airlines
- 2X on other purchases
- Premium internet access at SPG/Marriott properties
- Complimentary Boingo WiFi
Why You Don’t Want The Card
Marriott points are not worth what the old SPG Starpoints were worth. Rather than transferring to airlines at a 1:1 ratio, it’s now 3:1. Rather than transferring 20,000 SPG points and receiving the 5,000-mile bonus to get 25,000 airline miles, you’ll now have to transfer 60,000 Marriott points to get the same.
This would be fine IF this card earned 3X on all purchases since that would be the equivalent of the olde earn rate of 1X on SPG cards. However, that’s not the case. As a result, this card is not useful for everyday spending.