The Amex SPG Luxury card is a great option for a keeper hotel card that gives you Marriott credits, airport lounge access, Gold status, and increased spend multipliers. In this post, we'll look at the long-term value of the card since the signup bonus amount can change.
Amex SPG Luxury card
Annual fee: $450
Marriott credit: $300 per card member year
Receive 1 Free Night Award every year after your card anniversary (up to 50,000 points)
Earn 6X at Marriott/SPG properties
Earn 3X on dining and airline purchases
Earn 2X on all other purchases
$300 Marriott Credit
The Amex SPG Luxury card comes with a $300 credit to use towards any Marriott property. There are over 6,000 properties to choose from: https://www.marriott.com/marriott-brands.mi
When you deduct the $300 credit from the annual fee, the effective annual fee is $150.
Value of Points
To calculate the value of Marriott points, take the retail cost of your ideal property and divide it by the point cost.
a = $ cost of ideal property
a = $600
b = point cost of ideal property
b = 60,000 Marriott
c = value of points
c = a / b = $600 / 60,000 = 0.01
c = 1 cents per point (CPP)
For example, if the property you want to stay at retails for $600 and costs 60,000 points, the value of a Marriott point is 1 cents per point.
Marriott points can be worth 0.8-1.2 CPP depending on where you redeem them.
Spending Categories: Dining + Airlines
Earn 3X points on dining and airline purchases with the Amex SPG Luxury card. Depending on how you value points, the SPG Luxury card will yield 2.4%-3.6% return on spend.
SPG Luxury = 2.4% to 3.6% return on spend
Chase Sapphire Reserve = 4.5% to 6% return on spend
Chase portal: 3x * 1.5 CPP = 4.5%
Transfer partners: 3x * 2 CPP = 6%
When you compare the Amex SPG Luxury to the Chase Sapphire Reserve return on spend, you'll come out on top with the Chase Sapphire Reserve.
Free Anniversary Night
Receive 1 Free Night Award every year after your card anniversary (up to 50,000 points). This means that you'll receive your first free night certificate when you renew the card.
Explore the hotel options here: https://points-redemption.marriott.com/category-change
Get unlimited complimentary airport lounge access via Priority Pass for you and two guests.
Marriott Gold Status
Get automatic Marriott Gold status just by having the Amex SPG Luxury card. The "new" Gold is closer to "old" Silver, which does not grant you free breakfast or hotel lounge access.
Earn Marriott Platinum status by spending $75,000+ per calendar year.
15 Elite Qualifying Nights
Get 15 Elite Qualifying Nights to use towards status. If you have multiple cards like the SPG, Marriott, or Ritz cards, you cannot stack the free qualifying nights.
Important note: Qualifying nights are not free nights you can redeem towards a stay. It only helps you qualify for status.
Complimentary access to Boingo Wireless on up to 4 devices. Excludes in-light wifi.
Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.