Ritz Carlton™ Credit Card

Ritz Carlton™ Credit Card Review

This is a store rewards credit card issued by Chase Bank. If you're wondering whether Ritz Carlton™ Credit Card is the right card for you, read on.

Key Takeaways

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.74% up to 24.74%.
• 5% Balance transfer fee. Ritz Carlton™ Credit Card charges a fee of 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $5.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of Ritz Carlton™ Credit Card

The Good	The Bad
Access to a concierge. Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on their purchases. Ritz Carlton™ Credit Card reports to multiple credit bureaus.	Higher than average purchase APRs. You need good credit to qualify. Charges an annual fee of $450 Does not offer a signup bonus. Charges a 5% balance transfer fee.

Ritz Carlton™ Credit Card FAQ

Does Ritz Carlton™ Credit Card have a cash back or rewards program?

Ritz Carlton™ Credit Card is a travel rewards card.

Ritz Carlton™ Credit Card Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)

What are the Ritz Carlton™ Credit Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Ritz Carlton™ Credit Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Ritz Carlton™ Credit Card has a variable purchase APR that ranges from 17.74% up to 24.74%. The card has a variable balance transfer APR that ranges from 17.74% up to 24.74%. It also has a variable cash advance APR of 26.74% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for Ritz Carlton™ Credit Card?

The following fees apply:

• There is no overlimit fee

Ritz Carlton™ Credit Card Fees

Fees	Amount
Annual Fee	$450
Overlimit Fee	$0
Foreign Transaction Fee	0%
Late Payment Fee	up to $37

Does Ritz Carlton™ Credit Card report your account activity to credit bureaus?

Yes, Ritz Carlton™ Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Ritz Carlton™ Credit Card

• Visit the Ritz Carlton™ Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.