Chase has come out with an interesting new offer on the Marriott Boundless Card. New applicants receive a $300 Marriott Gift Card on approval and an additional 75,000 points after spending $3,000 on the card. This is a step above the current public 100K offer assuming that you both value and can use the $300 gift card (which hopefully you can if you’re thinking about a Marriott card). It also gives another bump to the value of the Boundless alongside the additional bonus spending categories that Chase recently announced.
The Offer & Key Card Details
|Card Offer and Details|
Chase has rolled out an interesting spectrum of welcome offers on the Boundless card over the last few months and this seems like one of the better ones. Comparing it to the widely available 100K offer boils down to whether or not you’d rather have a $300 gift card or 25K additional points. Based on the current RRV for Marriott points of 0.63 cents, 25,000 Marriott Points is worth ~$156. For us, this makes the $300 gift card + 75K the clear best offer. We’re continuing to list a link to the 100K offer on the best offers page, for those who prefer the flexibility that a higher points balance allows.
Marriott also recently announced a new slate of bonus categories for the Boundless card, including 3x on dining, grocery and gas. This takes away some of the sting of having to put 3K of non-Marriott spend on the card (also sweetened by an additional elite night credit after $5,000 in spend)
There is an odd asterisk in the terms of the gift card portion of the T&C:
- “The value of this offer or program may result in miscellaneous income received from Chase and Chase may be required to send you, and file with the IRS, a Form 1099-MISC (Miscellaneous Income) or Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding) for the year in which you participate and are awarded the benefits of the offer/program. You are responsible for any tax liability related to participating in the offer/program.”
This could be worth thinking about if deciding between this and the more widely available 100K offer. Since the gift card is earned on approval, it could be that Chase has decided that they are going to consider it income rather than a spend-based rebate. The language is vague/non-commital, so it’s hard to know whether or not it’s more of a CYA addendum or something they actually plan on sending to everyone. But it’s worth noting and deciding what an additional $300 in income might do to your income tax liability. The 100K offer will almost certainly not be subject to a 1099.