Have the Ritz-Carlton Card? Good News. Want It? Bad News.

Chase announced that the high-end Ritz-Carlton hotel credit card has stopped accepting applications. Existing cardholders will get richer benefits, though.
Have the Ritz-Carlton Card? Good News. Want It? Bad News.

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The has packed its bags for good: As of July 26, 2018, Chase is no longer accepting applications for the high-end hotel card. Current cardholders can continue using their cards, however — and they will be getting improved rewards and perks beginning in August. The new benefits make the card more competitive with other top-shelf options.

Cardholders will get richer rewards for their spending as well as ongoing Gold Elite status. Here’s how the old and new benefits compare:

After Aug. 26, 2018, the card won’t offer the previous 10% premium on points earned throughout the year. However, it will more than make up for it by giving cardholders 1 extra point per dollar spent in each category. Plus, the automatic ongoing Gold Elite status gives you a 25% bonus on Ritz-Carlton Rewards base points earned at participating Ritz-Carlton properties. Other Gold Elite status benefits include room upgrades, late checkout and Wi-Fi. You'll also get premium Wi-Fi at participating Marriott Rewards and Starwood Preferred Guest properties.

The previous benefits also offered price protection. That will be eliminated going forward — following a recent trend of credit card .

The $450 annual fee remains the same. The following features are also sticking around:

The changes to the  follow Marriott’s acquisition of Starwood Hotels & Resorts. Marriott, which also owns Ritz-Carlton, announced that it will combine the Marriott, Ritz-Carlton and Starwood loyalty programs into as single program this August. Marriott also hashed out a deal with Chase and American Express to offer new Marriott and Starwood co-branded credit cards.

Information about the was collected by NerdWallet and has not been reviewed or approved by the issuer of this card. 

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