Chase is Launching a Ritz-Carlton Co-Branded Credit Card Next Week

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Update: The offer mentioned below for the Platinum Card from American Express has expired. View the current offer here

Update: The current Ritz-Carlton sign-up offer is up to 70,000 points after $2,000 spent within 3 months.

Chase is launching a Ritz-Carlton branded credit card next week, which is geared towards high-end customers, especially since it has a $350 annual fee.The initial sign-up bonus is 50,000 points (which can be used for 1 free night at a tier 1-3 hotel, or on Marriott stays). Overall the benefits are decent – including club level upgrades, Gold status, no foreign transaction fees, Priority Pass Select, $100 in hotel credit and $200 in airline incidentals. Hmm, sure sounds similar to the American Express Platinum Card!

Update: Check out http://theritzcarltonrewardscard.com/ for full details.
“GET CLOSER TO EXCEPTIONAL EXPERIENCES WITH EVERY PURCHASE

Receive 50,000 Ritz-Carlton Rewards points as a Founding Member after you use your card for the first time* — enough for a complimentary night’s stay at your choice of over 60 Tier 1-3 locations

Earn 5 Ritz-Carlton Rewards points per $1 spent at The Ritz-Carlton*

Earn 2 Ritz-Carlton Rewards points per $1 spent on qualifying airfare, car rentals and dining*

Earn 1 Ritz-Carlton Rewards point per $1 spent on all other card purchases*

RECEIVE SPECIAL HOTEL PRIVILEGES WHEN YOU STAY

An Extra Hotel Experience — With each two-night stay or longer at The Ritz-Carlton, celebrate with a $100 Hotel Credit to be used toward your choice of dining, spa or other hotel recreational activities*

Upgrade to The Ritz-Carlton Club® Level three times annually on stays of up to seven nights, subject to availability at time of reservation*

Automatic Gold Elite status in The Ritz-Carlton Rewards your first year*

ENJOY AN UNPRECEDENTED SUITE OF TRAVEL ADVANTAGES

Complimentary airport lounge access with Priority PassTM Select*

$200 annual credit for airline incidentals billed to your card*

No foreign transaction fees†”

For more information on their program, check out my interview last fall with Hotelchatter.com. Now that it has been around for a while, I’ll do an update on my thoughts about the program next week.

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