Rumors of New Fairmont Chase Visa Signature Card

Discussion in 'Other Credit Card Programs' started by Lighthouse, Apr 14, 2012.  |  Print Topic

  1. Lighthouse
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    Lighthouse Gold Member

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    A very good source on TOBB reports the imminent launch of a new Chase Fairmont Visa. Especially good news for all of us new lifetime Fairmont Platinum members. Among the details:

    "• Credit Card fee is $95 USD. (First Year Free)
    • Credit Card launch date is May 10, 2012. (Promos run through July 31, 2012)
    www.fairmontcard.com (Not Live Yet)

    Existing Club and for Non-FPC members:
    • Automatically upgraded to Premier FPC status.
    Accelerated Platinum Status
    • When spending $7,500, Cardmembers will receive an additional stay credit toward their Elite membership to a maximum of two stay credits per year.

    Existing Elite members - Premier and Platinum tiers:
    1 Complimentary upgrade certificate to Fairmont Gold from a Deluxe room per year.
    • 2x $25 ($50) Dining certificates for Premier members.
    • 4x $25 ($100) Dining certificates for Platinum members.

    Starting Benefit
    After spending $1000 within the first 3 months of their account opening,
    Cardmembers receive from Chase:
    •2 Complimentary night certificates with breakfast for two
    Introductory Offer

    Anniversary Benefit
    • One complimentary night each anniversary year that the Cardmember makes $12,000 in purchases with their card.

    For using their Fairmont Visa Signature Card, Guests will:
    •Earn 5 points for every $1.00 US spent at Fairmont Hotels & Resorts
    •Earn 2 points for every $1.00 US spent on airline tickets, car rentals and trains
    •Earn 1 point for every $1.00 US spent on all other transactions

    Point redemption options include:
    •Gift Cards
    •Fairmont Ovation Certificates (25000-75000points depending on ovation cert category)

    Chase issued Benefits:
    •No foreign transaction fees
    •Access to VIP Lounges Worldwide
    •Complimentary annual membership to the LOUNGE CLUB TM with over 350 VIP lounges worldwide.
    •Two complimentary lounge visits annually, based on their enrollment date with the Lounge Club, additional visits are $27.00 per person.

    Visa Signature Benefits:
    •$500,000 Travel Accident Insurance
    •$5,000 Trip Cancellation Coverage
    •Car Rental Collision Damage Waiver
    •Travel and Emergency Assistance
    •Purchase Protection Coverage
    •Extended Warranty Protection
    •No Preset Spending Limit"
     
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  2. gleff
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    gleff Co-founder

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  3. Lighthouse
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    Thanks gleff.... You also wrote it better.

    I agree with your point about many of the more interesting cards coming recently from Chase. Given this new relationship between Chase and Fairmont do you think it will impact their relationship with AMEX and their existing promotions such as Plat5?
     
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  4. HighPlainsDrifter

    HighPlainsDrifter Silver Member

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    Thanks for posting this. Now for some strategizing:
    The first year sounds like it will be a really fantastic deal but the spend required beyond the initial bonus is steep. The two free nights my guess might be a lower tier Ovation reward which has the advantage of no expiration.
    For US based travelers, both the Citi ThankYouPoints and Capital One Venture credit cards are quasi Fairmont cards, offering bonus points both for booking directly through Fairmont, or for the occasional Fairmont that shows up obliquely on Priceline.
    Citi ThankYou card: +3 bonus points for Fairmont, +2 for Priceline
    Capital One Venture: +5 bonus points for Fairmont, +2 for Priceline
    The Capital One Venture in particular amounts to a 7% rebate (2 pts base plus 5 pts bonus per $) and might actually offer a greater return for some Fairmont guests than the additional $12,000 spend needed for the anniversary night with the Chase Fairmont card (particularly if you fell just short of spending $12,000 in a year). The Citi ThankYouPoints cards, nominally less generous, come in many different flavors and its possible to always being working on a Citi TYP signup bonus offer of some sort.
     
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  5. SC Flier
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    SC Flier Gold Member

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    Now live. I just got an email from Fairmont about the card.

    If the anniversary bonus night is a factor for you and if you have a particular time of year that you would anticipate using that certificate, then the time of year that you enroll could be important in order to make sure that the certificate is available for when you need it. From the T&Cs:

    Anniversary Bonus Night: If your net purchases total $12,000 or more annually, on your anniversary you will receive a certificate redeemable for 1 night’s stay at any Fairmont hotel or resort worldwide. Please allow 4 to 6 weeks for delivery. Bonus awards cannot be shipped to PO Boxes or addresses outside the 50 United States and Washington D.C. ("Annually" means the year beginning with your enrollment date through the first statement after the anniversary of your Enrollment Date, and each twelve billing cycles thereafter.) To be eligible for this bonus offer, account must be open and not in default at the time of fulfillment. Each Certificate entitles the holder to a single/double occupancy room (2 adults) at any Fairmont hotel or resort worldwide; however, specific rooms are subject to availability at reservation, blackout dates may apply. Certificates may not be redeemed for, or used as credit towards, Fairmont Gold Rooms or Suites. Certificates may be used in conjunction with Fairmont President’s Club Platinum Room or Suite Upgrade Certificates but may not be used in conjunction with a Fairmont President’s Club Premier Complimentary Third Night certificate or any other Fairmont or third-party promotions or packages. Certificates are non-refundable if lost, stolen or destroyed, except if otherwise required by law. Certificates are valid for room and tax only; resort fees, incidentals and other service charges are not covered by the Certificate and such charges may apply. Certificates have no cash value, except as required by law. If permitted by law, Certificates will expire within 1 year of date of issue. Certificates are non-transferable, except by Fairmont President’s Club Platinum members who may transfer to immediate family members. See certificate for more details. Chase is not responsible for Certificate redemption or the provision of or failure to provide the associated goods or services.​

    Interesting that they still haven't published the points-based Rewards Program Rules and Regulations in these T&Cs:
    "See Rewards Program Rules and Regulations which will be mailed after your account is established."​

    However, the details of redeeming those points is found here on chase.com. So points are worth a penny each toward gift cards -- including Fairmont GCs. It doesn't seem like redeeming them for Ovation Rewards hotel certificates would often be a great deal for the 25K - 75K points that those require.

    See also in the Fairmont forum...
    http://milepoint.com/forums/threads/fairmont-visa-signature-card.35568/
     
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