Ritz-Carlton Rewards Credit Card Review | CreditShout

Ritz-Carlton Rewards Credit Card Review

By Dan Rafter / August 12, 2011
Ritz-Carlton Rewards Credit Card Review

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Would you spend $395 a year on a credit card? You might if you were the target audience of the famed Ritz-Carlton hotel chain.

Ritz-Carlton hotels aren’t cheap. But they’re luxurious, and stuffed with amenities. The same could be said of the new Ritz-Carlton Rewards Credit Card. The card isn’t cheap — far from it — but it comes with one of the more impressive rewards program of any credit card in the country.

The Perks:

The first time you use your new Ritz-Carlton Rewards Credit Card, you’ll earn 50,000 bonus points. You can redeem these points for hotel stays, merchandise, car rentals, airfare and other goods and services. It’s a nice bonus for those consumers willing to pay the card’s hefty annual fee.

You’ll also receive a $200 annual airline fee credit with this card. This fee can cover such incidental costs of flying as baggage fees, in-flight movies and on-board meals. And if you’re exhausted when you arrive at the airport, you’ll receive free access to more than 600 private airport lounges across the country.

There’s also the $100 hotel credit for every dining, spa and hotel recreational activity that cardholders charge every time they stay at a participating Ritz-Carlton hotel for two nights or more.

Earning Rewards Points:

The rewards points can add up fast with this card. You’ll nab five points for every dollar that you charge at Ritz-Carlton hotels and two points for every dollar that you charge on purchases at participating airlines, car rental agencies and restaurants.

All other charges with this card bring one rewards point for every dollar that you charge.

The Cost:

The benefits of the Ritz-Carlton Rewards Credit Card don’t come cheap.

First, there’s that pesky $395 annual fee. That’s a steep cost to own a credit card.

However, if you travel frequently, and if you often seek out Ritz-Carlton hotels while you’re on the road, then you’ll quickly cover the cost of this fee each year.

The card comes with a fairly standard purchase interest rate of 15.24 percent. Unfortunately, it does not come with a lower-rate introductory offer on either purchases or balance transfers.

Of course, the Ritz-Carlton Rewards card isn’t like most cards, so this last point isn’t that surprising.

The consumers who take out this card aren’t interested in balance transfers. They’re high-end consumers who want to earn large amounts of rewards points when they spend their money.

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