Marriott International announced new agreements with JPMorgan Chase and American Express, impacting Marriott Rewards, The Ritz-Carlton Rewards Visa and Starwood Preferred Guest credit cards.
“Marriott’s co-brand credit cards have been a meaningful contributor to the success of Marriott’s loyalty programs and a sign of the extraordinary value of our portfolio of brands,” said Arne Sorenson, president and CEO, Marriott International. “We are pleased to bring together the power of JPMorgan Chase and American Express with our global portfolio of brands to continue to provide consumers with choices. We expect our loyalty program members, owners and franchisees, and our shareholders will see significant incremental benefits from these new agreements.”
The brand plans to introduce new products in 2018 with enhanced member benefits, such as super-premium consumer and small business co-branded products from American Express and mass consumer and premium consumer co-branded products from JPMorgan Chase. Details are not set for release until next year. For now, no changes are expected for existing co-brand cardholders.
“We are excited to build on our long-term partnership with Marriott and look forward to continuing to serve our mutual customers with the products and experiences they love,” said Jennifer Piepszak, CEO, Chase Card Services. “Together, we also plan to invest in new mass and premium consumer products that will bring choice and variety to the marketplace, along with the depth and breadth of Marriott International’s portfolio of brands.”
“The American Express relationship with Marriott dates back more than 60 years and we are pleased to continue an important component of our partnership,” said Glenda McNeal, president, strategic partnerships, American Express. “We’ll continue to provide our Starwood Preferred Guest card members with the award-winning benefits, services and experiences they have come to enjoy on their existing product, while building our portfolio within the family of Marriott brands to serve affluent travelers and small businesses.”
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