Marriott International announced news on Tuesday (Dec. 5) that it inked new agreements with JPMorgan Chase and American Express for its U.S.-issued, co-brand credit cards that are linked to its hotel loyalty programs.
In a press release, the Marriott said the multi-year deal extends its relationship with both card issuers and covers the Marriott Rewards and Ritz-Carlton Rewards Visa credit cards from JPMorgan Chase and the Starwood Preferred Guest (SPG) credit cards from American Express.
Marriott plans to introduce new, co-branded products next year that will include enhanced member benefits. The hotel chain said more details will come next year.
“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’s president and chief executive officer in the press release. “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 said in the release that for now there won’t be any changes to the company’s existing co-branded cards, including the ability to continue to earn and redeem points as usual.
“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 of Chase Card Services in the same press release. “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.”