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Marriott International has reached new agreements with JPMorgan Chase and American Express for its US-issued, co-brand credit cards associated with its loyalty programs.
These multi-year agreements will extend Marriott’s relationship with both card issuers and cover the Marriott Rewards and Ritz-Carlton Rewards Visa credit cards from JPMorgan Chase, and the Starwood Preferred Guest credit cards from American Express.
“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, Marriott International president.
“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.”
Marriott expects to introduce new, co-brand products starting in 2018 with enhanced member benefits – super-premium consumer and small business co-branded products from American Express and mass consumer and premium consumer co-branded products from JPMorgan Chase.
Additional details on the future products will be shared in 2018.
In the meantime, both companies will retain their existing portfolio of accounts and continue to offer their current products.
“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, chief executive of 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.”
For now, there will be no changes to Marriott’s existing co-brand cards for members.
Source: breakingtravelnews.com
