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Marriott is offering a 50% bonus on purchased and gifted points through October 22, 2020. When you buy 2000 or more points they give you an additional 50% on top of what you’ve purchased, and they’re tripling the normal annual purchase limit (from 50,000 to 150,000) during the promotion.
If you’ve already purchased points this year, those count against this increased annual cap, but bonus points aren’t included in the maximum amount. It can take up to 2 business days for the bonus to post in a separate transaction from the initial purchase.
From May 18 through July 15 Marriott ran a 60% bonus on points purchases so this isn’t quite as attractive as their recent best offer.
Prior to the latest round of hotel category changes I valued Marriott points at 7/10ths of a cent apiece. I would probably now value these points around $0.0065 each. With this bonus Marriott is generally selling points at 0.83 cents apiece.
It’s possible to get more value out of these points than Marriott will be charging, especially if you need to top off for a specific award and for some of the chain’s most expensive and least expensive hotels. If you’re redeeming for properties in the middle though you aren’t likely to get much more value out of these points than what you pay for them, and you’re effectively prepaying through a points purchase.
Better perhaps is the current Marriott Bonvoy BoundlessTM Credit Card offer of 100,000 points after $3000 spend on purchases in the first 3 months of cardmembership. I’ve seen them offer 100,000 points before with a $5000 spend requirement, this lower requirement is great.
The card also comes with an annual free night after each account anniversary valued for hotels which cost up to 35,000 points. You receive 15 elite nights towards status each year you have the card as well. Since points purchases don’t post as Marriott spend, I’d look to the best card for non-bonus transactions when buying points from them, however.