Offering enhanced rewards and benefits for
members, the new Choice Privileges
Mastercard will launch this spring.
Existing cardmembers will be converted to the
new program in May
ROCKVILLE, Md., Feb. 14,
2023 /PRNewswire/ -- Choice Hotels International,
Inc. (NYSE: CHH)—one of the world's largest lodging franchisors—has
finalized a multi-year agreement with Wells Fargo and Mastercard to
launch a new cobranded credit card program this spring.
The new collaboration will make Wells Fargo the official issuer
and Mastercard the exclusive payments network of credit cards
through the award-winning Choice Privileges® loyalty program.
Aligning these companies make it possible to offer an exciting
lineup of additional benefits and perks for Choice Privileges
Mastercard cardmembers and make it even easier and faster to
accrue points that can be redeemed for reward night stays at more
than 7,500 hotels across more than 20 hotel brands including
Cambria Hotels, Radisson Hotels, Radisson Blu, The Ascend Hotel
Collection, Country Inn & Suites, Everhome, Comfort, and
more.
Through the new offering, cardholders will enjoy the following
benefits and features:
- 5x points on stays at participating Choice® hotels
- 3x points on purchases at gas stations, grocery stores, home
improvement stores, and phone plans
- 1x points on other purchases
- Automatic Gold Elite Membership- 10 Elite night credits
qualifying cardmembers for at least Gold level status each calendar
year
- Cell Phone Protection
- For more information visit:
www.wellsfargo.com/choiceprivileges
In addition to earning points on everyday purchases, Choice
Privileges cardmembers will also enjoy World Elite
Mastercard® benefits, which includes access to exclusive
offers with select merchants, World Elite Concierge services, in
addition to Mastercard's Priceless Experiences®. The Choice
Privileges Mastercard will also include advanced security features
including Mastercard ID Theft Protection™, Zero Liability
Protection and Global Services for emergency assistance. For
more information visit: Premium Travel & Lifestyle Perks |
World Elite Mastercard Credit Card
Current Choice Privileges cardmembers will receive these new
benefits and features starting on May 1,
2023, and new credit card applications will be accepted by
that time. The new Choice Privileges Mastercard does not
increase the annual percentage rate(s) or the amount of any fees
applicable to converted customer accounts. Existing customers are
currently being notified of the changes by mail.
"Teaming up with Wells Fargo and Mastercard allows us to provide
cardmembers with even faster ways to earn exceptional rewards,"
says Robert McDowell, chief
commercial officer at Choice Hotels. "We are dedicated to rewarding
and delighting our loyal Choice Privileges members through easy
ways to earn reward nights, exclusive benefits, and member-only
pricing. Now with the launch of our refreshed cobranded credit card
program, cardholders will have the opportunity to unlock the best
Choice has to offer."
"We are pleased to announce a new collaboration between
Choice Hotels and Mastercard," said Krista
Phillips, EVP, head of consumer cards, marketing cards &
merchant services at Wells Fargo. "Here at Wells Fargo, we are
committed to providing industry leading credit card products and
services to our cardmembers. Collectively with Choice and
Mastercard, we have created a best-in-class credit card program
designed to enhance our customers' experiences and bring them more
value than ever before."
"As people seek out customized financial products, it's
imperative that we provide unique, differentiated offerings that
deliver choice, certainty and a frictionless experience," said
Chiro Aikat, EVP, U.S. Market
Development, North America,
Mastercard. "Together with Choice Hotels and Wells Fargo, we are
reimagining how to add value for members of Choice Privileges.
We look forward to empowering members through differentiated
rewards, added security protection during travel and enhanced
loyalty benefits."
Choice Privileges is Choice Hotels' award-winning loyalty
rewards program, which has consistently been ranked a top program
in both USA Today's 10 Best Readers' Choice
Awards and U.S. News & World Report. Choice
Privileges membership is free and offers a faster way to rewards,
including a Your Extras welcome gift on weeknight
stays consisting of a selection between bonus points, airline
miles, credits for premium coffee or shared rides. Guests can
also earn points redeemable for future reward stays at
Choice-branded hotels, PENN Entertainment casino resorts and
hotels and now at the iconic Las
Vegas hotel Circus Circus Hotel & Casino.
For more information or to enroll in Choice Privileges,
visit choicehotels.com/choice-privileges.
About Choice Hotels®
Choice Hotels
International, Inc. (NYSE: CHH) is one of the largest
lodging franchisors in the world. With nearly 7,500
hotels, representing nearly 630,000 rooms, in 46 countries and
territories as of September 30, 2022, the
Choice® family of hotel brands provides business
and leisure travelers with a range of high-quality lodging options
from limited service to full-service hotels in the upper upscale,
upper mid-scale, midscale, extended-stay, and economy
segments. The award-winning Choice
Privileges® loyalty program offers members a faster
way to rewards, with personalized benefits starting on day one. For
more information, visit www.choicehotels.com.
About Wells
Fargo
Wells Fargo & Company (NYSE: WFC) is a leading
financial services company that has approximately $1.9 trillion in assets, proudly serves one in
three U.S. households and more than 10% of small businesses in the
U.S., and is a leading middle market banking provider in the U.S.
We provide a diversified set of banking, investment and mortgage
products and services, as well as consumer and commercial finance,
through our four reportable operating segments: Consumer Banking
and Lending, Commercial Banking, Corporate and Investment Banking,
and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune's 2022 rankings
of America's largest corporations. In the communities we serve, the
company focuses its social impact on building a sustainable,
inclusive future for all by supporting housing affordability, small
business growth, financial health, and a low-carbon economy.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo
About Mastercard
Mastercard (NYSE: MA) is a global
technology company in the payments industry. Our mission is to
connect and power an inclusive, digital economy that benefits
everyone, everywhere by making transactions safe, simple, smart and
accessible. Using secure data and networks, partnerships and
passion, our innovations and solutions help individuals, financial
institutions, governments and businesses realize their greatest
potential. Our decency quotient, or DQ, drives our culture and
everything we do inside and outside of our company. With
connections across more than 210 countries and territories, we are
building a sustainable world that unlocks priceless possibilities
for all. www.mastercard.com
© 2023 Choice Hotels International, Inc. All Rights Reserved
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SOURCE Choice Hotels International, Inc.