There are a lot of changes coming to the existing AmEx and Chase SPG/Marriott Cards and this chart from TPG sums it up pretty well:
User Orange Party Lamp suggests the strategy that I should of done for the Surpass to Aspire transition:
My plan is to apply for Amex card and then PC current SPG to the luxury SPG for another $300 and a free night
This was such a brilliant strategy because I am working on my 5/24 for my wife who has a SPG personal card. She can very quickly product change her SPG card when the SPG Luxury card is offered in 01 August 2018. I will then close out my AmEx Delta Reserve Card and open a SPG Luxury Card thereby giving our family $600 statement credit at Marriott/SPG Hotels for the year.
Edit: Better yet, as suggested by Tigris23, I Should just wait till she gets her own SPG Lux, then do the PC after I hit all the Chase cards in end of 2019! This ways she can get the sign on bonus as well as do the upgrade. I am thinking I should do the same with the Hilton Aspire card from the Surpass!
I currently hold the Business SPG card which will give me the free 35,000 free night every year, but I am not sure if they would let me Product Change that one to another SPG Lux card since it is a personal card and not business. AmEx is probably on to my plan because they pulled my ability to refer the SPG personal card. However the referral links still works for the Personal Marriott and Business SPG.
SPG Biz link here.
On the Chase side I downgraded my Ritz to a Marriott to get the free 35k free night every year. I was not able to get the SCRA $450 annual fee waiver because I got the card after I joined. I also didn’t get the MLA waiver because I got the card before Sept 2017. However it has been 24 months since I got the bonus, and I was able to downgrade it making it a product I don’t own. I will apply for the Ritz card today and now I will hopefully have both products. I did this loophole as a way to bypass 5/24 and I suggest those that have the Ritz (and are on the hook for the annual fee) to do the same. In the future I want to bank on a possible Marriott Premier to Plus conversion that may be lucrative.
If you get that annual fee waived Ritz, this may not be for you! Just keep it as is like Andy.
If you got the current SPG cards from AmEx, do not close them! Hold on to them to upgrade to the SPG Lux card in the future to double dip the product like may people have done with their Hilton Surpass to Aspire cards!