Chase Ritz-Carlton 140,000 Point Sign Up Bonus and Reconsideration Call Details
(Hat Tip to Doctor of Credit)
This morning, Chase increased the sign up bonus on the Chase Ritz-Carlton Credit Card (direct credit card link). I just applied for the Chase Ritz-Carlton Credit Card this afternoon and wanted to share some information if you were thinking of applying as well.
- Sign Up Bonus: 140,000 Ritz-Carlton points after spending $3,000 in 3 months. Ritz-Carlton points can be redeemed at Ritz-Carlton and Marriott properties (more info below).
- Annual Fee: $395, not waived (high price, but worth it, see perks below)
- 3 upgrade certificates on paid Ritz-Carlton stays
- 10% bonus on points earned with the Chase Ritz-Carlton Credit Card
- $100 hotel credit for paid stays
- $300 annual travel credit
- Priority Pass membership (free access for cardholder and one guest)
- Gold Elite Status (first year) and every year you spend $10,000 with the credit card
- Platinum Elite Status every year you spend $75,000 with the credit card
Ritz-Carlton reward nights range from 30,000-70,000 points per night. PointSaver reward nights range from 20,000-60,000 points per night.
You can also redeemed Ritz-Carlton points for stays at all Marriott properties. Reward nights range from 7,500-45,000 points per night. PointSaver reward nights range from 6,000-40,000 points per night.
You can also redeem points for Marriott Air and Hotel packages. Check out Frequent Miler’s post called Fly free with a companion for two years and get a free seven night stay.
I applied this afternoon and received a pending status (no surprise). I called the Chase reconsideration department (888-245-0625) and was prepared to close some Chase personal cards or move some credit around to be approved. After a few minutes on hold, the representative said that I was approved for a $5,000 credit line. I love you Chase, you make my life so easy.
I logged off my Chase online account and logged back in to see if the card would show up in my online account. No go. I waited a few hours and checked back again. Still no go. I called the reconsideration number once more and asked a few questions. The agent said that my application was approved, but that Chase was in the process of creating an account number and setting me up with a Ritz-Carlton account. If you have a Ritz-Carlton account, you might have faster processing. If you do not yet have a Ritz-Carlton account, you may want to sign up for an account before applying for the credit card.
Either way, the representative said that I should receive the credit card and welcome package in the next 1-2 weeks. I really hope it comes sooner than 2 weeks so I can take advantage of the $300 annual travel credit in December and then again in January. Here are my thoughts on the Chase Ritz-Carlton Credit Card perks:
- 3 upgrade certificates on paid Ritz-Carlton stays – there is a very small chance that I will pay several hundred dollars for a night at a Ritz Carlton hotel.
- 10% bonus on points earned with the Chase Ritz-Carlton Credit Card – I plan on meeting the minimum spend ($3,000) right away, so I will earn at least 300 bonus Ritz-Carlton points at the end of the year. The following year, I will probably spend $10,000 on the card to keep Gold Elite Status, so I will earn another 1,000 bonus points at the end of that year.
- $100 hotel credit for paid stays – there is a very small chance that I will pay several hundred dollars for a night at a Ritz Carlton hotel, but if I did, I would make sure to use the $100 hotel credit and upgrade certificate.
- $300 annual travel credit – this perk alone pays for 76% of the $395 annual fee and I will do my best to max this perk out. I plan on using the $300 credit in December and again sometime in January.
- Priority Pass membership (free access for cardholder and one guest) – I really love Priority Pass for international airports, plus bringing one guest saves $29 (or more) per visit. This is another reason not to renew my American Express Platinum Card.
- Gold Elite Status (first year) and every year you spend $10,000 with the credit card – I believe this also gives you Marriott Gold Elite Status and spending $10,000 on the credit card will be pretty easy.
- Platinum Elite Status every year you spend $75,000 with the credit card – no way am I spending $75,000 on this credit card.
I am excited to receive the credit card and to learn more about the credit card perks. If you have any questions, please leave a comment below. Have a great day everyone!