Toronto, Canada - July 30, 2012 - Canadians can now take advantage of the only hotel rewards card in Canada that does not charge foreign currency transaction charges. Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM] and Marriott Rewards® announced today the launch of the Marriott Rewards® Premier Visa® Card from Chase, the only hotel rewards card in Canada to not charge foreign currency transaction charges on international purchases. With the Marriott Rewards Premier Visa Card, Canadian consumers do not pay the 2.5 percent foreign currency transaction charge, after the exchange rate conversion is applied, on purchases outside of Canada-in person or online. The card also offers cardholders the ability to earn accelerated Marriott Reward® points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status.
"The Marriott Rewards Premier Visa Card lets Canadians get more out of their travels, whether business trips, family vacations or anything in between," said Martin Parizeau, chief executive officer, Chase Card Services Canada. "As Chase Canada launches the Marriott Rewards Premier Visa Card without foreign currency transaction charges, cardholders will derive real value on every transaction they make outside of Canada."
With the Marriott Rewards Premier Visa Card, Canadian cardholders have the ability to earn Marriott Rewards points at an accelerated rate. Cardholders will earn:
Marriott Rewards Premier Visa Card from Chase cardholders will receive 30,000 Marriott Rewards bonus points after first purchase, plus one free night after account approval plus one free night every year just for being a cardholder. The annual fee of $120 is waived for the first year.
"For our loyal Marriott Rewards members, the card offers the ability to earn rewards at an accelerated rate and provides access to exclusive benefits that make travel even more enjoyable," said Ed French, senior vice president, Marriott Rewards. "We are pleased to expand our partnership with Chase to include a valuable product for Canadian consumers."
The Marriott Rewards Premier Visa Card from Chase in Canada marks the fourth co-brand card offered by Chase. In the United States, Chase offers the Marriott Rewards® Visa Signature® Card and the Marriott Rewards® Premier Visa® Signature Card and the Marriott Rewards® Visa® Business Card.
For more information, visit www.Marriott-Premier.ca. The annual interest rate for purchases and cash advances is 19.99%.
Marriott International, Inc. (NYSE: MAR) is a leading lodging company based in Bethesda, Maryland, USA with more than 3,500 properties in 74 countries and territories and reported revenues of over $12 billion in fiscal year 2011. The company operates and franchises hotels and licenses vacation ownership resorts under 17 brands, including Marriott Hotels & Resorts, The Ritz-Carlton, JW Marriott, Bulgari, EDITION, Renaissance, Autograph Collection, AC Hotels by Marriott, Courtyard, Fairfield Inn & Suites, SpringHill Suites, Residence Inn, TownePlace Suites, Marriott Executive Apartments, Marriott Vacation Club, Grand Residences by Marriott, and The Ritz-Carlton Destination Club. There are approximately 300,000 employees at headquarters, managed and franchised properties. Marriott is consistently recognized as a top employer and for its superior business operations, which it conducts based on five core values: put people first, pursue excellence, embrace change, act with integrity, and serve our world. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.
About JPMorgan Chase
Since 1965, JPMorgan Chase has provided Corporate and Investment Banking products and services to the Canadian market under the JPMorgan brand. In 2005, the company expanded and JPMorgan Chase Bank, N.A. became the credit card issuer of the Sears MasterCard and Sears Card in Canada. Today, JPMorgan Chase, Bank, N.A. also offers the Sears Voyage MasterCard, the Marriott Rewards Visa Card, the Best Buy Reward Zone Visa, the Best Buy Card, the Amazon.ca Rewards Visa Card and the Future Shop Card under the Chase brand. JPMorgan Chase Bank, N.A. will issue the Amazon.ca Rewards Visa Card. JPMorgan Chase employs more than 1,200 Canadians in its Canadian offices. For more information, visit www.chase.ca.