Marriott has now enabled the Status Buy Back program website for 2015 membership year that I wrote about last month (read more here).
Marriott is the only hotel loyalty program that allows you to buy back the status that you had the previous year for a set number of points.
You can access this offer here.
You can buy back the status you had in 2014 through April 1, 2015. The number of points requires is dependent of the status level that you wish to maintain.
Number of Marriott Rewards points required to buy back the status:
Platinum- 40,000 points
Gold – 25,000 points
Silver – 7,500 points
Does it make sense to use points to buy back the status?
It really depends what your travel requirements are for 2015. Dropping from Gold to Silver is a big change as you no longer have access to club lounges or complimentary breakfast. There is no such a big difference between the Gold and Platinum, however.
How to buy back the status?
You need to call Marriott Rewards or send them a message via the online customer support web form and include one of the following messages:
- Buy Back my Elite status from Gold to Platinum status: 40,000 points
- Buy Back my Elite status from Silver to Gold status: 25,000 points
- Buy Back my Elite status from Basic to Silver status: 7,500 points
This is a great way to indefinitely extend your Marriott Rewards status. I would certainly pay to extend the Gold status (and Platinum one too), if you are planning any stays at full service Marriott properties (especially outside of the North America).
Marriott Rewards often extends your status even when you have not met the official requalification criteria. Just make sure that your status for 2015 membership year really drops before paying to have it renewed.