[Targeted] Chase Marriott Premier 157,500 Point Offer With Annual Fee Waived ($30,000 Spend Required)

The Offer

Reader @ghkumar87 received the following offer on the Chase Marriott Premier card

• Receive 5x points per $1 spent on up to $30,000 in purchases within the first year (150,000 points total)
• Receive 7,500 bonus points when you add an authorized user and they make their first purchase
• Annual fee of $85 is waived

The Fine Print

Direct link to fine print

Card Details

• Annual fee of $85 is waived the first year
• Card earns at the following rates:
  • 5x points per $1 spent at Marriott & Ritz Carlton locations
  • 2x points per $1 spent on airline tickets purchased directly with the Airline, at car rental agencies and at restaurants
  • 1x points per $1 spent on all other purchases
• Anniversary bonus of a free night certificate for a category 1-5 property.
• 15 credits towards Elite membership after approval and every year after account anniversary
• 1 elite credit for every $3,000 spent
• This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months
• Chase’s 5/24 rule does apply to this card

Our Verdict

Ok, 150,000 points is a lot but so is $30,000 in spend. Let’s work out if this is actually a good deal or not. The standard offer on this card is 80,000 points after $3,000 in spend (plus 7,500 points for authorized user) and without the annual fee waived.

So this offer is basically an additional 70,000 points for an extra $27,000 in spend, you’re also saving the $85 on the annual fee in the first year. If we put that $27,000 spend on a 2% card we’d earn $540, if we take into account the $85 annual fee it’s $455.

That means you’re basically paying $455 for 70,000 Marriott points or 0.65¢ per point. Personally I don’t think that’s good value. If you converted that to SPG points you’d be paying 1.95¢ per point.