Is the Ritz-Carlton Rewards Credit Card worth it? | April 2018

Review: Ritz-Carlton Rewards® Credit Card – April 2018

Earn points at the tony Ritz-Carlton hotels and travel credits with this high-fee card.

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  • Get this card if… you’re a frequent traveler who loves luxury accommodations and premier privileges.
  • Pick something else if…you don’t travel much or don’t want to pay a steep annual fee for benefits.
  • Recommended good to excellent credit score of 690 or higher.

Not many cards come with such a steep annual fee as the Ritz-Carlton Rewards Credit Card. Then again, not many cards offer such luxurious benefits as complimentary nights and upgrades at Ritz-Carlton hotels, airline ticket credits and multiple points premiums.

Product NameThe Ritz-Carlton Rewards® Credit Card
Balance Transfer Rate (not intro)17.24% to 24.24% variable
APR for Purchases ( Purchase Rate )17.24% to 24.24% variable
Annual fee$450
Cash Advance Rate26.24% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 21 days
Returned Payment Fee$37
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Minimum Interest$0
Minimum Credit ScoreFair (660-699)
Minimum Age18 years of age
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$10,000
Annual fee$450
Returned Payment Fee$37
Late Payment Fee$37
Cash Advance Fee$10 or 5% of the amount of each transaction, whichever is greater

The Basics

The Ritz-Carlton Rewards Credit Card makes earning points for travel a natural extension of everyday spending. It comes with lots of points benefits for the luxury traveler, with no limits on how many you can accrue: earn 1x rewards points on everyday spending, 2x rewards points on plane tickets and a whopping 5x rewards points at participating Ritz-Carlton locations.

You’ll get big perks and bonuses on traveling expenses, such as access to premier airport lounges, discounts on rental cars and two complimentary nights at a Ritz-Carlton hotel when you spend $4,000 in the first three months after opening your account.

The Perks

  • RITZ-CARLTON BENEFITS: Enjoy perks at hotels internationally.
    Get two complimentary nights when you spend $4,000 in the first three months after opening your account.
    $100 hotel credit toward spa treatments, dining or other hotel activities on paid stays of two nights or longer.
    Three annual upgrades to the Ritz-Carlton Club on paid stays of up to seven nights.
    Complimentary Gold Elite status in the Ritz-Carlton Rewards Program during your first year of card ownership.
    Access the J.P. Morgan Premier Concierge 24/7 for assistance with needs big and small.
  • REWARDS POINTS SYSTEM: A lot of points with no limits.
    Earn 5x rewards points on qualifying purchases at participating Ritz-Carlton and SPG hotels.
    Earn 2x rewards points when booking plane tickets with an airline, renting a car with an agency or eating out at restaurants.
    Earn 1x rewards points on everyday spending.
  • TRAVELER FRIENDLY: Added comfort for frequent travelers.
    Get complimentary annual Priority Pass Select membership with access to more than 900 airport lounges internationally.
    Get an annual $300 travel credit to use toward baggage fees, seat upgrades, airport lounge access and more.
    And you’ll get a $100 statement credit toward Global Entry application fee for TSA Pre-Check expedited screenings when traveling.

You’ll also like …

  • Sign-up bonus. Earn 10,000 bonus points after your first purchase in the first three months of your account opening.
  • Charity outreach system. If you aren’t going to use all your reward points, you can donate them to a variety of charities and causes.
  • Minimum credit limit. If approved for an account, your credit access line will be at least $10,000.
  • Special airline and car rental privileges. Save more when booking with your Ritz-Carlton card.
  • Travel and purchase coverage. Get reimbursed for lost luggage, trip cancellations and other purchases.

What to watch out for

  • Steep annual fee. To justify the fee, you’ll need to regularly make use of its luxury benefits beyond its rewards points.
  • Good or better credit required. This luxury brand comes with a higher credit requirement.
  • Potentially high APR. With an APR of 17.24% to 24.24% variable that varies by creditworthiness, you’ll want to avoid carrying too much of a balance month to month in order to avoid paying unnecessary interest.

Consider other cards if …

    • You don’t travel frequently. With most of its rewards and opportunities focused on travel fare and hotels, the card is best suited for people who travel often.
    • You don’t want to pay a steep annual fee. This card’s annual fee is one of the highest. If its benefits don’t match your lifestyle, you may want to consider a more traditional travel card with a lower fee.
    • You’re not great at keeping up with your expenses. Making late payments or missing minimums can result in hefty fees.

Compare other Chase credit cards

Rates last updated April 19th, 2018
Name Product APR for Purchases ( Purchase Rate ) Intro APR for Balance Transfer Annual fee Product Description
Chase Sapphire Preferred® credit card
17.24% to 24.24% variable
$0 annual fee for the first year ($95 thereafter)
Earn 2X points on travel and dining at restaurants.
Chase Sapphire Reserve
17.24% to 24.24% variable
$450
Earn 50000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
The Chase Freedom® Unlimited™ credit card
16.24% to 24.99% variable
0% Intro APR for 15 billing cycles (with whichever is greater, $5 or 5% balance transfer fee)
$0
Earn unlimited 1.5% cash back on every purchase – it's automatic. No minimum to redeem for cash back.
Chase Freedom® credit card
16.24% to 24.99% variable
0% Intro APR for first 15 billing cycles (with whichever is greater, $5 or 5% balance transfer fee)
$0
Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and unlimited 1% cash back on all other purchases.
Chase Slate® credit card
16.24% to 24.99% variable
0% Intro APR for 15 billing cycles (with $0 for transfers in first 60 days. Then $5 or 5% balance transfer fee)
$0
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
United MileagePlus® Club card
17.24% to 24.24% variable
$450
Enjoy United Club membership, Premier Access® travel services, free checked bags, plus earn miles on every purchase.
United MileagePlus® Explorer Business card
17.24% to 24.24% variable
$0 annual fee for the first year ($95 thereafter)
50000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
Southwest Rapid Rewards® Premier Business Credit Card
17.24% to 24.24% variable
$99
Earn 2x points on Southwest® purchases and points on all other purchases. Plus 6,000 anniversary bonus points.
United MileagePlus® Explorer card
17.24% to 24.24% variable
$0 annual fee for the first year ($95 thereafter)
40000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening.
Southwest Rapid Rewards® Plus Credit Card
17.24% to 24.24% variable
$69
Earn 2x points on Southwest® purchases and points on all other purchases. Plus 3,000 anniversary bonus points.
British Airways Visa Signature® card
17.24% to 24.24% variable
$95
Earn Avios on every purchase and 3 Avios per $1 on British Airways purchases.
Marriott Rewards® Premier Business credit card
17.24% to 24.24% variable
$99
75000 Bonus points after you spend $3,000 on purchases in your first 3 months from your account opening with your Marriott Rewards Premier Business credit card.
Marriott Rewards® Premier credit card
17.24% to 24.24% variable
$85
80000 bonus points after you spend $3,000 on purchases in your first 3 months from your account opening with your Marriott Rewards Premier credit card.
The Ritz-Carlton Rewards® Credit Card
17.24% to 24.24% variable
$450
2 complimentary nights at any participating Tier 1-4 Ritz-Carlton hotel, after you spend $4,000 on purchases in the first 3 months after account opening.
The Hyatt Credit Card
17.24% to 24.24% variable
$75
Get 40000 Bonus Points after spending $2,000 on purchases with the Hyatt Credit Card in the first 3 months from account opening.
Disney® Visa® Card
17.24% variable
$0
Earn 1% in Disney Rewards Dollars on all card purchases.
Disney® Premier Visa® Card
17.24% variable
$49
Earn a $200 statement credit after you spend $500 on purchases in the first 3 months from account opening.

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What to know before you apply

To apply for the Ritz-Carlton Rewards Credit Card, you must be at least 18 years old.

Always consider your options and your financial situation before you apply for a credit card.

What credit score do I need?

You’ll have a better chance of being approved for the Ritz-Carlton Rewards Credit Card if you have a good to excellent credit score of 690 or higher.

How to apply

1. Go to the Ritz-Carlton Rewards card site and click Request Your Card.
2. In the next window that appears, click Apply Now.

step 2 Ritz-Carlton Rewards® Credit Card
3. Complete the application with details like your name, address, income and employer.

step 3 Ritz-Carlton Rewards® Credit Card

How long will it take to be approved?

Approval for the Ritz-Carlton Rewards Credit Card generally takes one to three weeks.

I got the card. Now what?

      • Making payments. Register with Chase to manage your account and pay your bills online.
      • Avoiding interest payments. After the close of each billing cycle, you have a grace period of 21 days to pay your balance. If you do, you won’t pay interest on your purchases.
      • Avoiding fees. Avoid hefty fees that come with late payments by paying each statement by the due date.
      • Customer service. You have many options for support, including cardmember services at 855-896-2222, the J.P. Morgan Premier Concierge at 877-408-5537 and travel benefits at 855-896-2222. You can also log in to your account for assistance.

Bottom line

The Ritz-Carlton Rewards Credit Card is a good fit for people who seek luxury benefits and exclusive privileges when traveling. But with a high $450 p.a. annual fee, you’ll want to be sure that you can use this card’s primary and secondary benefits beyond simple rewards points.
Compare Chase credit cards

Frequently asked questions about the Ritz-Carlton card

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2 Responses

  1. Default Gravatar
    NateApril 2, 2018

    My credit score is excellent [790-820] I’m retired and my income not so [40,000] But my children is willing to help as authorized users if its allowed [I have six kids all doing well] Notwithstanding their help, will my annual income be a problem?

    • Staff
      MayApril 2, 2018Staff

      Hi Nate,

      Thanks for your question.

      Depending on Ritz-Carlton’s assessment of your overall financial situation, with your $40K income, you may or may not be approved for their credit card. Generally, your income can come into play when a bank considers your application. They vary on eligibility requirements. They usually look into your ability to repay the debts. If you like to know if you can be approved for a Ritz-Carlton Rewards Credit Card, best to contact them directly to confirm.

      Cheers,
      May

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