The hubbub today in the community is that the Chase Marriott Visa is no longer available in Canada. Pointshogger first broke this story yesterday. From his post:
Effective September 5th, 2017, no new customer applications are being accepted into the credit card program.
Existing cardholders are not affected and the card will work and earn points like it has before. If you applied before September 5th and received a pending status, you can call Customer Service at 1-866-705-6755 to get a decision.
I might be the odd one out saying this, but this doesn’t affect me the slightest bit. In my opinion, this card was never that great to begin with. I’ve had the card twice, and the only thing I found useful was the signup bonus points and maybe the elite stays credits.
Yes, you do get a Category 1-5 Free Night Certificate when renewing the card, but the certificate isn’t the easiest to use. Furthermore, I never felt that paying the $120 annual fee for that certificate was worth it.
In terms of earning points, the SPG American Express is a much better choice for all everyday spend, earning 3 Marriott Points (1 SPG) per dollar. For foreign transactions, there are credit cards with no annual and foreign transaction fees, such as the HomeTrust Preferred Visa. Finally, those cards earn even better rewards with 1% cashback compared to 1 Marriott point, which I value at less than 1 cent.
Furthermore, the new HSBC Premier World Elite MasterCard is also a better card for foreign transaction purchases earning points that can be converted to BA Avios or Singapore Krisflyer, which are worth much more.
Additional Reading: A New Interesting Premium Credit Card
I am sure everyone loved to churn the card, but eventually you have to face the fact that issuers will modify and enforce their policies to restrict giving away bonuses too often. You always have to stay ahead of the game.