Market Overview

American Express and Marriott International Debut New Starwood Preferred Guest® Luxury Card

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New Card Offers Valuable Travel Benefits, Gold Elite Status,
Annual Free Night Award and Rich Welcome Bonus

American Express (NYSE:AXP) and Marriott International, Inc. today
announced that the much-anticipated, new Starwood
Preferred Guest® American Express Luxury Card
is now available.
Eligible new Card Members who apply for the Card today through October
31, 2018 can receive a rich welcome bonus of 100,000 points when they
spend $5,000 after three months1.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005536/en/

The new Starwood Preferred Guest® American Express Luxury Card (Photo: Business Wire)

The new Starwood Preferred Guest® American Express Luxury Card (Photo: Business Wire)

As first unveiled in April, the Starwood Preferred Guest® American
Express Luxury Card is designed for the most premium SPG loyalists, as
well as Marriott Rewards and The Ritz-Carlton Rewards loyalists, and is
packed with rich benefits and rewards to enhance Card Members' travel
journey. The Starwood Preferred Guest® American Express Luxury Card has
an annual fee of $4502 and comes with benefits including up
to $300 in statement credits each year of Card Membership for eligible
purchases at more than 6,700 participating SPG and Marriott Rewards
hotels, complimentary Gold Elite Status with the ability to earn
Platinum Elite Status after spending $75,000 on the Card in a calendar
year, an annual free night award (redemption level at or under 50,000
points) every year after the Card account anniversary3,
Priority Pass Select membership, Global Entry or TSA PreCheck fee credit
and more opportunities to earn points, including:

  • For each dollar of eligible purchases charged to the Card, Card
    Members can earn:
    • 6X points at participating SPG and Marriott Rewards hotels
    • 3X points at U.S. restaurants and on flights booked directly with
      airlines
    • 2X points on other eligible purchases

"Following our announcement
in April and the rollout of Marriott's unified loyalty programs earlier
this month, we are thrilled to now offer consumers the new Starwood
Preferred Guest® American Express Luxury Card," said Eva Reda, Executive
Vice President, Global Cobrand Partnerships at American Express. "No
matter where life or business may take our Card Members, our SPG Card
products are meant to support them throughout every step of their travel
journey. The value and perks of these Cards were developed in response
to their feedback, and we love that we are able to meet their travel
needs directly."

Additionally, as of August 1, the SPG American Express Consumer Credit
Card and SPG American Express Business Credit Card now come with an
updated suite of benefits for new and existing Card Members. These
updates include a refreshed points earning structure, as well as a
number of new valuable benefits including an annual free night award
(redemption level at or under 35,000 points)3, and Automatic
Silver Elite Status. The SPG
American Express Business Credit Card
also offers 4 points for each
dollar of eligible purchases at U.S. restaurants, at U.S. gas
stations, on wireless telephone services purchased directly from U.S.
service providers & on U.S. purchases for shipping. These Cards now also
offer new rich welcome bonuses1. Eligible new SPG American
Express Consumer Card Members can receive 75,000 points after they spend
$3,000 on the Card in the first three months, and for a limited time
until October 31, 2018, eligible new SPG American Express Business Card
Members can receive 100,000 points after they spend $5,000 on the Card
in the first three months.1

"We are excited for SPG Card Members to explore, earn points, and
experience our extraordinary properties around the world, from palaces
in Vienna and Venice to skyscrapers in Hong Kong and Dubai," said David
Flueck, SVP of Global Loyalty, Marriott International. "The new SPG
American Express Luxury Card enables Card Members to get the most out of
our 29 hotel brands, ranging from the St. Regis, The Ritz-Carlton and W
Hotels, to Marriott Hotels, Aloft Hotels and Moxy Hotels, providing
endless inspiration for them to pursue their passions through travel."

The updated suite of Starwood Preferred Guest® Cards from American
Express now offers more ways to earn and use points across Marriott
International's portfolio of over 6,700 hotels located in 130 countries
and territories, across 29 brands, as well as across the expanded
Marriott Moments
experiential marketplace.

Terms and limitations apply. For more information about the Starwood
Preferred Guest® American Express Luxury Card, visit https://www.americanexpress.com/us/credit-cards/card/starwood-preferred-guest-luxury/.

About American Express

American Express is a global services company, providing customers with
access to products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com
and connect with us on facebook.com/americanexpress,
instagram.com/americanexpress,
linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.

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1 Restrictions may apply on the awarding of welcome
bonuses across SPG Co-Branded Credit Cards issued by American Express
and Marriott and Ritz-Carlton Co-Branded Credit Cards issued by JP
Morgan Chase. More details for each Card can be found at the following
links:
Starwood
Preferred Guest® American Express Luxury Card
, Starwood
Preferred Guest® Consumer Card
and Starwood
Preferred Guest®
Business
Card

2 Rates and Fees – More information can be found at the
following links-
Starwood
Preferred Guest® American Express Luxury Card
, Starwood
Preferred Guest® Consumer Card
, and Starwood
Preferred Guest®
Business
Card

3 The Card Member is responsible for all incidental
charges and, at properties where resort fees are applicable, for payment
of additional mandatory resort fees.

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