The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Information on this website may not be current. This website may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; we do not recommend or endorse the contents of any third-party sites. Readers of this website should contact their attorney, accountant or credit counselor to obtain advice with respect to their particular situation. No reader, user, or browser of this site should act or not act on the basis of information on this site. Always seek personal legal, financial or credit advice for your relevant jurisdiction. Only your individual attorney or advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, contributors, contributing firms, or their respective employers.
Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them. Compensation is not a factor in the substantive evaluation of any product.
[UPDATE: Some offers mentioned below have expired and/or are no longer available on our site. You can view the current offers from our partners in our credit card marketplace. DISCLOSURE: Cards from our partners are mentioned below.]
Marriott International announced on Monday that it had agreed to buy Starwood Hotel and Resorts for $12.2 billion. The news is noteworthy in that, should it close, the deal will effectively create the world’s largest hotel company, but there is another reason that you may want to pay attention to the merger.
The Starwood Preferred Guest Credit Card from American Express routinely and, in fact, most recently, tops our list of the Best Hotel Credit Cards in America and is a favorite among travel and credit card gurus. That’s due, in part, to its nice sign-up bonus, a base rewards program that pairs nicely with the chain’s own loyalty program and additional perks like late checkouts and free Wi-Fi. Marriott, too, has a co-branded credit card called the Marriott Rewards Premier Credit Card. When these two companies become one, many travelers who love their rewards programs are wondering how it will impact their rewards credit cards and points.
Should cardholders be worried about losing out on rewards? According to all major parties involved, it’s a bit too soon to tell.
“Our programs and portfolios complement each other well and we intend to draw upon the best of both programs to provide more value for our guests and hotels,” a spokesman for Marriott said in an email. “We will be studying the integration of the programs and talking to key stakeholders prior to making final decisions. We will be undertaking a thorough review of all partners and contracts to determine what is in the best interest of our members and hotels consistent with our agreements with those partners.”
American Express similarly indicated it was too soon to comment on how its credit card might be affected.
Any changes to the credit card terms (more so than the loyalty programs) could take a while to get finalized, given the cards in question are co-branded (and by different networks). However, cardholders shouldn’t expect to be left in the dark and will more than likely be given an opportunity to transition to a new payment method, should one debut.
“In the vast majority of cases, issuers will provide a migration path for loyalty and co-branded cards,” Julie Conroy, a research director at Aite Group, said in an email. “The last thing the acquiring party wants to do is alienate its most valuable customer base through the migration.”
In the meantime, affected cardholders should keep an eye on their mail or inboxes. “Written or email correspondence will be how they will be informed of the change,” Conroy said.
And you may also want to check your credit. Credit card issuers are known to monitor existing cardholders’ credit so, generally, you want to make sure yours is in good shape so you don’t run the risk of your favorite payment method getting canceled or your credit limit being lowered. (You can pull your free annual credit reports at AnnualCreditReport.com and see your credit scores for free every 14 days on Credit.com.)
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
Image: Monkey Business
April 9, 2024
Credit Cards
October 21, 2020
Credit Cards
August 3, 2020
Credit Cards