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I’ve written about the Ritz-Carlton Rewards co-brand credit card occasionally over the past couple of years.
There have been a couple of really outstanding offers for it, like 70,000 points and no fee the first year, and 140,000 points while paying the steep $395 annual fee even the first year. But I haven’t seen either of those around in awhile.
We Fly Free says it’s still possible to get the 140,000 point signup offer, which surprises me since he gives the same promotion code that Chase told Frequent Miler that he was ineligible for a year ago.
The offer is for 140,000 points after $2000 spend within 3 months.
- The card comes with Marriott Gold status the first year, and then you keep it by spending $10,000 on the card each year.
- There’s a $300 airline fee credit as well that helps take the sting out of the annual fee.
- There are also some fairly restrictive club lounge upgrade and $100 folio credits with Ritz-Carlton stays as well.
- Concierge service that I’ve heard is now handled by the same company which takes care of Palladium card customers (which may even include President Obama).
You’re supposed to choose whether you want to be a member of Ritz-Carlton Rewards or Marriott Rewards. They don’t want you to be a member of both. The programs are almost identical except for the promotions.
Since you can get a 70,000 point signup bonus for the Marriott Rewards Premier Credit Card, and that offers a $0 annual fee the first year ($85 thereafter), and you can generally only get one Chase card at a time I think there’s a very clarifying question to help understand this card’s value:
- Assume that you can get full value out of the $300 statement credit, the net cost of this card is $95.
- Leave aside all other benefits like Marriott Gold status and concierge, plus club upgrades that are reportedly tough to use.
- Would you pay $95 for 70,000 Marriott points?
Of course if you don’t already have a Chase Sapphire Preferred Card, I think that’s the better card and also the better signup bonus (and Sapphire Preferred – like Ritz-Carlton Rewards – now offers primary collision damage on rental cars too). So I wouldn’t even entertain the question.
But on the whole I do see 70,000 points as worth $95… even if I don’t plan to take advantage of this offer myself.
There have been other intriguing offers for the card, like last year’s $200 gift card in addition to the statement credit.
No matter the offer, I haven’t been all that tempted, but I thought this would be useful to some.
Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either.