VFTW is reporting that the American Express SPG Luxury card will launch on August 23rd. This huge news because American Express & Chase are adding restrictive language to the SPG/Marriott cards on August 26th. For the Luxury card you’re ineligible if any of the following are true:
- Currently have or have had any of the following cards in the last 30 days: Ritz-Carlton Rewards Credit Card from JP Morgan
- Have acquired any of the following Chase cards in the last 90 days:
- Marriott Rewards Premier Plus
- Marriott Rewards Premier
- Marriott Rewards Premier Business
- Have received a welcome or upgrade offer on any of the following Chase cards in the last 24 months
- Marriott Rewards Premier Plus
- Marriott Rewards Premier
- Marriott Rewards Premier Business
This means people will have a three day window in between when the luxury card launches and when the new rules go into place. This sounds too good to be true, I have no idea why American Express would be doing this but I will just have my fingers and toes crossed that this will actually be possible.
Keep in mind American Express does have application rules: You’re limited to one approved credit card every 5 day rolling period and two approved credit cards every 90 rolling period. American Express also limits you to 4/5 credit cards. The luxury card is a credit card, so you’ll want to make sure you’ll be eligible for the card when it launches on the 23rd. The sign up bonus on this card is rumored to be 125,000 points.
