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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. Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.