Credit Cards

Chase Marriott Visa—to be cancelled March 15, 2018

  • Last Updated:
  • Jan 18th, 2018 10:27 pm
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[OP]
Deal Addict
Jan 9, 2011
1122 posts
642 upvotes
Vancouver

Chase Marriott Visa—to be cancelled March 15, 2018

The other thread got locked, so I'm continuing the discussion here. Yes it's true that this card is no longer available as of September 5th, 2017.

Card summary, for those of us who still have it:

  • No surcharge on purchases made in a foreign currency, only Visa's exchange rate applies
  • 5 points per $1 spent at over 3,500 participating Marriott locations
  • 2 points for every $1 spent on airline tickets purchased directly with the airline, and at car rental agencies & restaurants
  • 1 point per $1 spent on purchases elsewhere
  • Achieve the next Elite membership level faster with 15 Nights Credit every year
  • Receive one anniversary bonus free night stay at a Category 1-5 hotel every year just for having the card
  • No charge for additional cards
  • $120 annual fee
  • Marriott points expire if there is no activity on your account for more than two years

Marriott hotel categories
Master list of Marriott hotels by rate category
Marriott Rewards site, for redeeming points

Image
Last edited by Kiraly on Sep 25th, 2017 2:49 pm, edited 3 times in total.
137 replies
Deal Expert
Aug 22, 2011
17084 posts
5382 upvotes
Ottawa
Lucky I churned this one in time.
Everyone called it right about the 5yr EOL.
Sr. Member
User avatar
Apr 28, 2012
847 posts
233 upvotes
QC
Happy that I did not cancel mine in an attempt to churn, I still have an active account. I was suspecting that the discontinuation was coming soon
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[OP]
Deal Addict
Jan 9, 2011
1122 posts
642 upvotes
Vancouver
I applied and was approved a week before September 5th. I'll be keeping it for a year and canceling it before the annual fee comes due. I was needing a card for foreign purchases and was going to get the Fido card, but when I saw the 50,000 point welcome bonus for this card (worth $400+) I figured why the heck not.
Member
Jul 4, 2017
223 posts
33 upvotes
I'm considering keeping it till they eventually pull the card. Will depend on how easy it is to use the $120 anniversary free night next year
Sr. Member
Sep 25, 2004
721 posts
241 upvotes
Wife and I will be keeping our card for the anniversary free night certificate, if it is still available, and as long as the USD-CAD exchange rate doesn't dip below $1.10 CAD - $1 USD. I will get use out of the free 15 night credits also for next year, so I really hope the card stays active into February. I am interested to see if the free night still shows up for people moving forward though.
Deal Addict
User avatar
Jan 4, 2009
3430 posts
727 upvotes
on the links
joeags wrote:
Sep 26th, 2017 12:30 pm
and as long as the USD-CAD exchange rate doesn't dip below $1.10 CAD - $1 USD.
Why would it matter what the conversion rate is? If you plan to make USD purchases, you're saving 2.5% in exchange fees regardless.
Deal Addict
User avatar
Mar 30, 2004
3132 posts
403 upvotes
Figured either the Marriott Visa or the Starwood Amex (or both) would go eventually. With Chase walking away from their Canadian business it was only a matter of time.
[OP]
Deal Addict
Jan 9, 2011
1122 posts
642 upvotes
Vancouver
Sauerkraut wrote:
Sep 26th, 2017 1:41 pm
Why would it matter what the conversion rate is? If you plan to make USD purchases, you're saving 2.5% in exchange fees regardless.
I think he means that if the Canadian dollar strengthens enough, it will be more favorable to just pay for a room than to redeem points for it. When redeeming points for hotels outside of Canada, the value of the points goes up as the value of the CAD goes down.
Sr. Member
Sep 25, 2004
721 posts
241 upvotes
Sauerkraut wrote:
Sep 26th, 2017 1:41 pm
Why would it matter what the conversion rate is? If you plan to make USD purchases, you're saving 2.5% in exchange fees regardless.
Kiraly wrote:
Sep 26th, 2017 2:44 pm
I think he means that if the Canadian dollar strengthens enough, it will be more favorable to just pay for a room than to redeem points for it. When redeeming points for hotels outside of Canada, the value of the points goes up as the value of the CAD goes down.
Exactly - I already have US cards that I use for foreign exchange fees, so that's not as important to me. (Although not having chip and pin in Europe this summer with my US cards was annoying, and no tap ability - especially when my wife would pull out this one and she wouldn't have to sign anything!!) The value of the free night is where it comes into play for me. I get good use out of the certificates with the current USD value. Even at par I could make out ok, but then it would be frustrating to pay $120 for a card / free night certificate that is $85 in the US.
Newbie
Nov 8, 2015
6 posts
2 upvotes
Montreal, QC
Anyone knows how long of a warning Chase gave in the past for their other cards that got cancelled ? i.e Should we expect a letter that says : your card is cancelled as of now or you may still use your card for another 3 months or so... ?
Deal Fanatic
Feb 15, 2006
7069 posts
1599 upvotes
Toronto
When Cap 1 cancelled their IHG card, they stopped new applications, and then did not renew anyone. So they basically let the existing card members "die out".

Don't know what Chase will do for this card. But much of it seem to depend on the progress of Marriott eating up SPG.
Newbie
Nov 8, 2015
6 posts
2 upvotes
Montreal, QC
By die out, you mean that people got to keep their IHG credit card until its expiration date ? So there's still people out there with that card ? Would be better than nothing for my Marriott chase. But so many thing could happen with Scotiabank takeover and Marriott merger...
Deal Fanatic
Feb 15, 2006
7069 posts
1599 upvotes
Toronto
In Cap1 IHG card, they let the card die out by not allowing anyone to renew, after announcing they were stopping the card. So it took one year for all cards to die out.

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