"Access to the Extraordinary" is the tag line of the new Ritz-Carlton Rewards Credit Card. Launched on June 9, 2011 by the Ritz-Carlton Hotel Company L.L.C. and J.P. Morgan Chase & Co., this premium rewards card is the first and only card to carry the Ritz-Carlton name, offering rewards specific to the hotel and its guests.
Among the benefits to cardmembers are complementary hotel services, free upgrades and airport lounge access. The Ritz-Carlton aims to make this one of the best rewards credit cards available to consumers in today's competitive market, offering "world-class travel features" to compete with American Express, World MasterCard, and other top travel rewards cards. The Ritz-Carlton rewards card has no foreign transaction fees, making it ideal for frequent business travellers.
Credit card offers generous perks for the price
In exchange for the annual fee of $395, cardmembers receive:
- 5 Ritz-Carlton rewards points for every $1 spent at the hotel
- 2 points for every $1 spent on qualifying dining, car rentals and airfare
- 1 point per $1 of other card purchases.
These points can be exchanged for a variety of rewards, including hotel stays and travel at the Ritz-Carlton and its partner hotels and airlines.
In addition, cardmembers receive three free upgrades to Club Level during stays at the Ritz-Carlton hotel, $100 worth of dining and spa services, free concierge service, and access to airport lounges, among other perks.
The new rewards card piggy-backs on the Ritz-Carlton rewards program introduced in the fall of 2010. Ritz Carlton Rewards offers benefits based on points accrued to frequent Ritz-Carlton visitors, regardless of whether they have the rewards credit card. These points can be redeemed at 3,400 hotels around the world, as well as 30 different airlines.