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Buy Marriott Points
We have seen all sorts of deals this year when it comes to buying points throughout the pandemic. Marriott has a deal, which if used strategically, could be quite advantageous for future travel. I’m a big fan of purchasing any kind of point as long as you have a redemption in mind, and can save money by doing so. With that said, Marriott has put forth a compelling offer that ends September 25th, 2021.
Earlier in the year we saw a 30% discount as well as a 50% bonus. I received a 45% bonus which puts pricing at roughly $.0086 per point.
Normally I’m not a huge advocate of purchasing Marriott points because they traditionally limit the maximum per year to just 50k. Besides shoring up for an award night, there isn’t a lot of potential for arbitrage. This time…it’s different. Marriott has increased the max, and with my 45% bonus, I could up my balance by 145k points for $1250.
This opens up a lot of potential in my mind to seize some great opportunities on high priced properties around the world. Particularly when you hit them during off peak.
Where could this make sense?
Let’s use a Category 7 hotel as an example. Hawaii is always a hot spot and if you can pop down in shoulder season you can get a pretty darn good deal. Let’s look at the Royal Hawaiian, it rings in as a category 7 which means if you can catch it during off peak pricing, you’ll be able to stay for 50k points a night. Remember, all Marriott members get a 5th night free, so you could stay 5 nights for 250k points. This could be a cool spot for you use those 5 nights that were offered on the Marriott Boundless card last year. But…let’s take a look at how buying points could save you tons of cash.
Here’s what a 5 night stay looks like with cash.
My purchase max is 145k points for $1250, which would leave me 55k points short. One option you could take advantage of right now is transferring Chase Ultimate Rewards to Marriott with a 50% bonus. So for $1250 and 37k Chase points, you could land a $2500 hotel stay. Not too bad, but clearly you need to crunch the numbers.
Couple of things to remember
- You need to have had a Marriott account for 30 days
- It can take up to 7 days for the points to populate…
Certainly you need to crunch the numbers and make sure it works FOR YOU. But if you have that special redemption in mind this could be a way to make it work for much, much less.
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A Monkey Miles favorite for beginners and point pros alike – a staple of our wallet that earns Premium transferrable Ultimate Rewards. $95 annual fee
♥ Earn 60k Bonus Points after $4k Spend in 3 months
♥Points are transferrable to over dozen partners, or redeemable for 1.25c in Chase travel
♥5x on travel purchased via Chase Travel and 2x everywhere else (beginning 8/16/21)
♥3x on dining, including eligible delivery services, takeout and dining out (previously 2x – beginning 8/16/21)
♥3x on select streaming (beginning 8/16/21)
♥ 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs -(beginning 8/16/21)
♥ $50 Annual Credit on hotel stays purchased via Ultimate Rewards. *New cardmembers can get this credit immediately – existing cardmembers get it after anniversary (beginning 8/16/21)
♥ 10% Anniversary Point Bonus. Spend $10k in a year, get 1k bonus points. (beginning 8/16/21)