The unofficial club of 10 premium hotel chains offering co-branded credit cards to their customers has grown by one, with the addition this month of Minnetonka-based Carlson Rezidor Hotel Group, whose family of hotels includes Radisson and Country Inns & Suites.
The new loyalty card is a joint venture between Carlson and U.S. Bank, which has been providing banking services to Carlson dating back to the company's pioneering rewards program known as Gold Bond Stamps.
The credit card is officially known as the Club Carlson Premier Rewards Visa Signature Card. It upgrades the current Club Carlson program from a points-for-stays program to a points-for-purchases program with a card that carries an annual fee of $65 to $75. One of the key elements of the program is a free night each time customers book a stay.
With similar cards in use by competitors like Hilton, Starwood, Marriott, Hyatt and La Quinta, the Visa launch by Carlson was a necessary evolution of its business model.
Suzanne Riesterer, Carlson Rezidor's chief commercial officer, sat down with the Star Tribune last week to talk about the program.
QIs this the latest version of Gold Bond Stamps?
AYou could call it that. Loyalty is in the blood of Carlson. We're connecting guests and customers to us, and that's how Gold Bond Stamps got started.
QWhy are you offering the branded Visa card now? There already are a lot of credit cards in the marketplace and many consumers are trying to reduce their credit card debt, not expand it.