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Ritz Card -- first year AF waived?

cmm89
Frequent Contributor

Ritz Card -- first year AF waived?

Hi all,

 

I've seen a couple people refer to the Ritz Card as an app-and-see-how-you-like-it card... I don't see anywhere that they waive the AF for the first year. Is it just not advertised?

 

Thanks!

What I use (& strongly recommend): Chase Sapphire Reserve | BofA/ML (Premium Rewards VS, Cash Rewards VS, Merrill+ VS) | AmEx (Amazon Prime Business)

What I have: NFCU | PenFed | General Electric CU | Wright Patt CU | Discover | BBVA | Apple Card (GS)

Total CL with Bank of America = $100,000 (Platinum Honors Merrill Client). I am a CERTIFIED FINANCIAL PLANNER™ practitioner, so feel free to message me if you have any planning/credit questions.

EQ 759, EX 765, TU 771 (06/10/2022)

I started with scores in the 400s in 2016. This forum is a Godsend--focus on the journey, be patient, and you'll definitely get there no matter the circumstances!

Message 1 of 16
15 REPLIES 15
wasCB14
Super Contributor

Re: Ritz Card -- first year AF waived?


@cmm89 wrote:

Hi all,

 

I've seen a couple people refer to the Ritz Card as an app-and-see-how-you-like-it card... I don't see anywhere that they waive the AF for the first year. Is it just not advertised?

 

Thanks!


They may mean the big bonus and $300 airfare extras credit makes the $450 first-year AF less significant.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR, Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: EDP, BCP
Closing soon: Discover

Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 2 of 16
cmm89
Frequent Contributor

Re: Ritz Card -- first year AF waived?


@wasCB14 wrote:

@cmm89 wrote:

Hi all,

 

I've seen a couple people refer to the Ritz Card as an app-and-see-how-you-like-it card... I don't see anywhere that they waive the AF for the first year. Is it just not advertised?

 

Thanks!


They may mean the big bonus and $300 airfare extras credit makes the $450 first-year AF less significant.


Gotcha. Perhaps the AF is charged at the end of the year instead of upon account creation? Probably not, but maybe?

What I use (& strongly recommend): Chase Sapphire Reserve | BofA/ML (Premium Rewards VS, Cash Rewards VS, Merrill+ VS) | AmEx (Amazon Prime Business)

What I have: NFCU | PenFed | General Electric CU | Wright Patt CU | Discover | BBVA | Apple Card (GS)

Total CL with Bank of America = $100,000 (Platinum Honors Merrill Client). I am a CERTIFIED FINANCIAL PLANNER™ practitioner, so feel free to message me if you have any planning/credit questions.

EQ 759, EX 765, TU 771 (06/10/2022)

I started with scores in the 400s in 2016. This forum is a Godsend--focus on the journey, be patient, and you'll definitely get there no matter the circumstances!

Message 3 of 16
K-in-Boston
Moderator

Re: Ritz Card -- first year AF waived?

The fee is charged up-front.  But taking out all of the (many) Ritz-Carlton perks and sign-up bonus, it still pays for itself for the first two years if you get Global Entry:

 

$100 Global Entry

$300 Travel Credit x 2 years

$100 Visa Infinite discount on flight with 2 or more passengers x 2 years

------

$900 = $450 AF x 2 years

 

It's a great card, I just value my Amex Platinum/SPG combo (with their not-insignificant higher combined AFs) more for their significantly higher earning in the Marriott ecosystem than the Ritz-Carlton card.  Ritz-Carlton is certainly on the table for 2019, though, depending on how the Marriott-SPG merger goes.  With my spend, it would also give me Platinum Elite status, which I currently have no other way of achieving.

Message 4 of 16
buyaobuyao
Valued Contributor

Re: Ritz Card -- first year AF waived?


@K-in-Boston wrote:

The fee is charged up-front.  But taking out all of the (many) Ritz-Carlton perks and sign-up bonus, it still pays for itself for the first two years if you get Global Entry:

 

$100 Global Entry

$300 Travel Credit x 2 years

$100 Visa Infinite discount on flight with 2 or more passengers x 2 years

------

$900 = $450 AF x 2 years

 

It's a great card, I just value my Amex Platinum/SPG combo (with their not-insignificant higher combined AFs) more for their significantly higher earning in the Marriott ecosystem than the Ritz-Carlton card.  Ritz-Carlton is certainly on the table for 2019, though, depending on how the Marriott-SPG merger goes.  With my spend, it would also give me Platinum Elite status, which I currently have no other way of achieving.


An amazing combo indeed.  The 1:3 transfer and higher tier is valuable.  I also fear the merger, for at that point in time, I don't feel the need for Plat should SPG go away.  I have been keeping a soft ear to the ground for other options.  Marriott is 5/24, so I'm stuck till late 2018 anyway even if I wanted that sweet bonus.  Ritz does seem like a heavy contender, huh.

Starting Score: (8/15) EQ08 592 TU08 572 EX08 600
Current Score: (05/19) EQ08 740TU08 743 EX08 740
AX Plat and Sapphire Pref user.
Message 5 of 16
GloeJohn
Contributor

Re: Ritz Card -- first year AF waived?


@K-in-Boston wrote:

The fee is charged up-front.  But taking out all of the (many) Ritz-Carlton perks and sign-up bonus, it still pays for itself for the first two years if you get Global Entry:

 

$100 Global Entry

$300 Travel Credit x 2 years

$100 Visa Infinite discount on flight with 2 or more passengers x 2 years

------

$900 = $450 AF x 2 years

 

It's a great card, I just value my Amex Platinum/SPG combo (with their not-insignificant higher combined AFs) more for their significantly higher earning in the Marriott ecosystem than the Ritz-Carlton card.  Ritz-Carlton is certainly on the table for 2019, though, depending on how the Marriott-SPG merger goes.  With my spend, it would also give me Platinum Elite status, which I currently have no other way of achieving.


Just curious why that combo has 'significantly higher earning in the Marriott ecosystem'?

 

 

Message 6 of 16
wasCB14
Super Contributor

Re: Ritz Card -- first year AF waived?


@K-in-Boston wrote:

The fee is charged up-front.  But taking out all of the (many) Ritz-Carlton perks and sign-up bonus, it still pays for itself for the first two years if you get Global Entry:

 

$100 Global Entry

$300 Travel Credit x 2 years

$100 Visa Infinite discount on flight with 2 or more passengers x 2 years

------

$900 = $450 AF x 2 years

 

It's a great card, I just value my Amex Platinum/SPG combo (with their not-insignificant higher combined AFs) more for their significantly higher earning in the Marriott ecosystem than the Ritz-Carlton card.  Ritz-Carlton is certainly on the table for 2019, though, depending on how the Marriott-SPG merger goes.  With my spend, it would also give me Platinum Elite status, which I currently have no other way of achieving.


You're presenting the $100 VI flight discount as a once-per-calendar-year perk. It may be used an unlimited number of times.

 

"How many times may I use the discount in any given year?

Eligible cardmembers can use the discount an unlimited number of times, as long as they remain eligible as defined by Chase and as long as they meet the offer terms and conditions."

 

https://www.visadiscountair.com/ritzcarltoncard/faq.aspx

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR, Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: EDP, BCP
Closing soon: Discover

Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 7 of 16
GloeJohn
Contributor

Re: Ritz Card -- first year AF waived?


@cmm89 wrote:

Hi all,

 

I've seen a couple people refer to the Ritz Card as an app-and-see-how-you-like-it card... I don't see anywhere that they waive the AF for the first year. Is it just not advertised?

 

Thanks!


You can try look up on flayertalk for more details on the 'clever trick' to force chase to refund your first year AF (has to do with credit limit).

 

But as mentioned above, the card is a good value even without resorting to such 'tricks' and is eitherways not a keeper if you really need to use that to make the first year worth it.

 

(a side note, if you value any other chase card(s) at all, I'd not risk doing that and having it backfire)

Message 8 of 16
K-in-Boston
Moderator

Re: Ritz Card -- first year AF waived?


@wasCB14 wrote:

You're presenting the $100 VI flight discount as a once-per-calendar-year perk. It may be used an unlimited number of times.

 

"How many times may I use the discount in any given year?

Eligible cardmembers can use the discount an unlimited number of times, as long as they remain eligible as defined by Chase and as long as they meet the offer terms and conditions."

 

https://www.visadiscountair.com/ritzcarltoncard/faq.aspx


Wow, best correction in ages, wasCB14!!!  Now I need to try not to app for the card.

Message 9 of 16
azdesert
Frequent Contributor

Re: Ritz Card -- first year AF waived?

Free nights and upgrades X 3  pretty stellar too.

 

My annual.fee hit again, still was the 395. Was watching to see if they honoured my old annual fee, yep. 😄

 

 

(Fico scores 580s 6/2014 - Now 720 EX 709 EQ 735 TU) FINALLY made it in the 700 Club.
Message 10 of 16
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