American Express and Marriott unveiled the Starwood Preferred Guest American Express Luxury Card. The card caters to the most frequent and loyal travelers and comes with many perks and an impressive sign-up bonus.

Eligible card members who apply through Oct. 31 receive 100,000 points when they spend $5,000 in the first three months.

Other benefits include up to $300 in statement credits each year of membership, an annual free night award, complimentary Gold Elite status, Priority Pass Select membership and Global Entry or TSA PreCheck fee credit.

Members earn points a variety of ways. For each $1 spent, members earn six times the points at participating SPG and Marriott Rewards hotels, three times the points at U.S. restaurants and on flights booked directly with airlines and two times the points on other eligible purchases.

“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, senior vice president, 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.”

“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,” added Eva Reda, executive vice president, global co-brand partnerships, 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.”