17 Replies Latest reply: Jan 9, 2011 4:32 PM by taxman415 RSS

"Chase"ing EQNs.

Alumni Steward Platinum 8 Reviews
Currently Being Moderated

Official word today is that the prmotion is ongoing into 2011.

As I recall the clock for Elite Qualifying Nights (EQN) starts ticking on January 1st (today) even though the online balance takes a few days to register the restart and add those rollover nights, if they are in fact there.

 

I am wondering two things:

 

1.  If the money I spent in December using the Marriott Rewards Visa (the Chase issued black card) will be added at the rate of one 2010 EQN for every $3000 spent, even though it is posted in 2011? And,

 

2,  If Chase, Visa and Marriott intend to renew that EQN program for the new year?

 

Has anyone heard?

  • Re: "Chase"ing EQNs.
    profchiara Alumni Steward Silver 3 Reviews
    Currently Being Moderated

    Hi SteppingStones,

    I haven't heard officially, but I think it should all be credited toward 2010 because those are the usual terms.  After all, if we stayed at a hotel on December 30th, it would be a hotel stay, even though there'd be almost no way it could get credited till Monday at the earliest, let alone make it to our points section.

    ProfChiara

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    Alumni Steward Platinum 8 Reviews
    Currently Being Moderated

    Fingers Crossed Professor!

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    tef6178 Platinum 8 Reviews
    Currently Being Moderated

    The terms of offer for the Chase/Marriott CC include the EQN credit for each $3000 spent as part of the program offering for having the card. Although they have the right to amend or terminate without notice, that would not be a prudent business practice if attempted.

     

    I think they would (sensibly) have to give notice to change the offering and would have done it in advance of the new year if they were discontinuing.

     

    Since I spent over $10,000 in my December billing, I look at it as the EQN credit will be either a 2011 EQN credit or a 2010 EQN credit that becomes a rollover EQN credit.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    Alumni Steward Platinum 8 Reviews
    Currently Being Moderated

    I also have a huge amount on my December card bill as well, and hope Chase has the good sense to keep this promotion going, for me as well you.  My wife questions the annual fee since we have other cards that are fee free, but showing her the bennies seems to placate her, just a little.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    profchiara Alumni Steward Silver 3 Reviews
    Currently Being Moderated

    Since Chase was still offering MR cards to new customers throughout the fall, I'd be very surprised (and upset) if they changed it -- and I don't see how they legally could for expenditures during December.

    ProfChiara

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    tef6178 Platinum 8 Reviews
    Currently Being Moderated

    Stepping Stones:

     

    You raise a great point for discussion. Wouldn't one think that with all the "no fee" card offerings out there that Chase would have the sense to waive the fee when a certain amount of spending is reached? I mean, I understand the administrative charge for someone who doesn't spend a lot because they automatically get 10 - 15 elite nights credited with the first purchase. However, to continue the charge to those who continually spend and make them (the credit card company) a lot of money is nonsense.

     

    Think it through: I've been credited with almost 30 elite spending nights in the 2010 year. There are many others in the same category as me. Marriott certainly has done their part with the nights being credited towards our elite status, but based on the 1.25 - 1.75% fee Chase charges the vendor to process the sale, they (Chase) make a lot of money for the amount of transactions we all do.

     

    I think it would be a good thought for Chase to consider waiving the fee in the following year after a certain amount of spending has been reached.

     

    Any other thoughts?

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    Alumni Steward Platinum 8 Reviews
    Currently Being Moderated

    Dear TEF,

     

    I too have a huge reservoir of nights from Chase this year and it seems that they could comp us "big spenders" if they wanted to with a no-fee reward.  Other credit cards go part way and even allow you to pay for the fee with accumulated discounts.  Still a payment though.

     

    The recent new laws regarding credit cards have gotten card issuers more apoplectic than normal, in my opinion.  Knowing that the government will be watching they have decided to be more selective and not issue cards to everyone, have reduced their liability from charge-offsas a result, and are now loving their fees more than ever.  Much like those infernal but profitable bag fees on the airplanes, this annual fee is a cash cow for them.

     

    Don't know if you've noticed but the super prestige cards have nosebleed-priced joining fees and equally large annual fees, which I guess to some folks equates to achieving that intangible status and no credit limits.

     

    But yes, why can't Chase eliminate the annual fees for profligate spenders (good customers)?

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    Alumni Steward Platinum 8 Reviews
    Currently Being Moderated

    You forgot pauper spender and cheapskate spender, in the category that I am in.  Sure am glad you're not an accountant at Chase!

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    pingreeman Platinum 1 Reviews
    Currently Being Moderated

    Yes - I'm glad I'm not an accountant at Chase - these crazy ideas would serve me better at Marriot Rewards.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    nuhusker Platinum 2 Reviews
    Currently Being Moderated

    Pingreeman -- you are a rare find...a number cruncher with a sense of humor.  I like it!  Great post!

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    shoeman1000 Platinum 4 Reviews
    Currently Being Moderated

    agreed!  great post.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    Alumni Steward Platinum 8 Reviews
    Currently Being Moderated

    I emailed Chase and when I get a reply I will post what they say.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    tjcnewyork Platinum
    Currently Being Moderated

    Agreed, great post.  I especially found 'Spender Emeritus' very amusing.

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    pingreeman Platinum 1 Reviews
    Currently Being Moderated

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    Alumni Steward Platinum 8 Reviews
    Currently Being Moderated

    How come my CPA is never funny, just expensive?

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    year2member Gold
    Currently Being Moderated

    I do believe that the 1 night credit for every $3000 is on for 2011 as I recently received an application for a business reward card and they listed that as one of the benefits.  Do you by chance know just which nights roll over?  Stayed, bonus, $3000.00 spending nights, previous rollover nights, any or all?

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: "Chase"ing EQNs.
    taxman415 Platinum
    Currently Being Moderated

    Looks like based on the roll of my account that all nights except those rollover nights from the prior year are rolling over...

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

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