 Hello everyone, this is financial author Amit Dan of amitdan.com On this channel you'll find financial travel and more videos just like the one you're watching right now If you like what you see, just give me the thumbs up and consider subscribing Marriott and SPG new hotel loyalty program 3 things you must know Hello everyone, this is amitdan of amitdan.com Marriott just provided some insights on their new hotel viewers program on April 16, 2018 And today I'll talk about 3 things you must know now about these changes The first thing you need to know, what will happen to SPG and Marriott viewers points The new program, which doesn't have a name yet, will combine Marriott, SPG and Red Couton into one single program If you are holding SPG points or if you are a SPG member, then you need to mark your SPG account with Marriott account And for each SPG point, you will receive new Marriott points at 1 to 3 ratio For example, if you have 100 SPG points, you will receive new program points which will be 300 points If you have Marriott and Red Couton accounts, then you do not need to mark your accounts and the number of your points will not change For example, if you have 100 Marriott points or 100 Red Couton points, you will be still receiving the 100 points under the new program Starting 2018, you will be able to earn and receive new points at 29 global hotel chains Our global hotel brands covering 6,500 hotels in 127 countries And all these hotels are under the same New Works program Second thing you need to know, what is going to be the new earn rate under the new program So under the new program, for dollars spent, you will be receiving 10 points per dollar Except these 3 brands where you will be receiving 5 points per dollar And these 3 brands are residence in town place and element Where you will be earning 5 points per dollar Elite members will earn more programs and more points and it can be as high as 75% bonus points If you are Canadian SPG American Express trade card or it's how American Express star would prefer this trade card Then we will be receiving 1 points per dollar spent However, this card will go through some changes which we do not know yet But there are more benefits and changes coming to this card Third thing you need to know, how many points you will require to have it free night Currently you will require 3000 SPG points and 7500 Mario points for Category 1 hotel free night Under the new program, you will be requiring 75,000 points for Category 1 and 85,000 points for Category 8 free night Starting 2019, there will be a free night chart Points required for free nights will vary based on various factors such as peak time, off peak time or standard time and so on If you are booking a free night on off peak time, you will require 20% less points And if you are booking free nights on peak time, then you will require 20% more points So there are more changes coming to these programs which we do not know yet However, for Canadians at this point that SPG American Express star would prefer this card Looks like it's going to stay and there will be more benefits will be added However, I do not know if there will be any other cards which is not American Express Will be coming to Canada or not So we will have to just wait and see what happens But so far everything looks good and most of these changes are positive So we will see and wait to have more information on this Thank you for watching If you like what you see, just give it a thumbs up and consider subscribing Because there will be more videos coming up So I will see you shortly