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We’re in a recession. We’re not traveling. Rewards credit cards that are optimized for travel may not be top of wallet, compared to a great cash back card – if you have a premium Citi card like Premier or Prestige – also gives you the flexibility to transfer to airline miles.
Cards that are optimized for heavily travel customers may also not match current spending patterns. So while the American Express® Gold Card is still a great product offering four Membership Rewards points per dollar at restaurants and on the first $25,000 spent each calendar year at U.S. supermarkets, many other products aren’t giving the right incentives for cardmembers today.
Marriott’s co-brand cards are launching a new temporary rewards bonus category. All US Marriott Bonvoy consumer cards from both Chase and American Express will offering 6 points per dollar spent on groceries from May 1 through July 31, 2020.
This offer applies to the premium Bonvoy Brilliant American Express and also legacy cards that aren’t currently available as well.
We’re beginning to see brands and issuers adapt to changing circumstances, and it’s great to see them doing so with more rewards.
Yawn, I love you Gary, but, wake me when there is something to care about with Marriott…
Do you have a link to this offer?
For Amex Gold holders, it is still probably makes more sense to put groceries on that card. What you really need to keep these cards is enhanced multipliers on unbounded spend or unique spend (utilities, online shopping, etc) and other monetary perks that will last into next years (for example, for the Bonvoy cards, up the value of the certs and make them all expire by year end 2022).
The title is wrong, I think.
Gary: Do you still value Marriott points at .009 cents (the last chart I saw was pre-Bonvoy devaluation)?
I had been using my Hilton Amex which also provides 6 points/$1 grocery spend but will soon switch to Marriott as I value HH points at .005. I do not have Citi Premier or Citi Blue Cash which arguably offer better grocery bonuses.
@Boraxo – in January 2019 I valued those points at $0.007 (https://viewfromthewing.com/how-much-are-miles-really-worth-assigning-a-value-to-points-from-each-program/). At the time TPG was valuing them at $0.009. I could argue myself into $0.006.
+1 Brutus! I would call it 3x because 6 pp$ is triple the normal 2 pp$, while Chase & Amex would call it 6x because 6 pp$.
Is a signup required?
is the Chase Ritz Carlton infinite legacy card included, and is it 2 or 6 points for groceries?
And of course the superior Biz card is excluded…hard pass
Chase Freedom 5x on groceries in a much more valuable currency