New Credit Card Lets Travelers Earn Free Nights at Independent Hotels Even When Staying at Chains
The Only Hotel Credit Card to Offer Double Points at Any Hotel
PALO ALTO, Calif. and STAMFORD, Conn.–(BUSINESS WIRE)–Stash Hotel Rewards, the award-winning loyalty program for independent
hotels, and Synchrony Financial, (NYSE: SYF),
one of the nation’s premier consumer financial services companies, today
launched the Stash Hotel Rewards® Visa® Card, the
only1 hotel loyalty credit card that awards double points for
stays at any hotel. Unlike other hotel loyalty credit cards that only
offer additional points at hotels in a particular chain, the Stash Visa
Card allows cardholders to enjoy 2X the points earned on everyday spend
even when the card is used at hotels outside the Stash network.
“Travelers who love authentic hotel experiences sometimes find
themselves stuck at a chain hotel,” said Jeff Low, CEO of Stash Hotel
Rewards. “With the Stash Visa Card, even a night at a cookie-cutter
hotel gets you closer to a free room at a one-of-a-kind independent
hotel.”
“Until now, carrying a hotel loyalty credit card meant you were
committing to a single hotel brand,” said Tom Quindlen, executive vice
president and CEO of Retail Card, Synchrony Financial. “The Stash Visa
Card changes all that. Now you can stay at any hotel and earn double
Stash points.”
Free Nights Even Faster
In addition to 2X points on hotels outside the Stash Network, the Stash
Visa Card also awards 2X points on gas and dining – two purchase
categories important to frequent travelers. Travelers can earn the most
points, 3X, at Stash Partner Hotels. That’s in addition to the 5X they
already earn on eligible stays as Stash members. And to optimize the
cardholder experience, all other purchases with the Stash Visa Card will
earn 1X points.
Other Travel Focused Benefits
- Redeem for any room with no blackout dates
- No foreign transaction fees2
- 10% back on points at redemption with no cap
- Chip-enabled card
Stash Points can be redeemed for free nights at some of the most-loved
hotels in the U.S., the Caribbean and Central America – everywhere from
a boutique hotel in New York City to a family friendly resort in Orlando
to an eco-lodge escape off the coast of Panama.
Learn more and apply for The Stash Hotel Rewards Visa Card at stashrewards.com/CreditCard.
1Source: Stash Hotel Rewards independent
research, conducted September 1, 2015. Cardholders earn double points
(2X) on hotel stays over everyday spend (1X).
2For New Accounts: Variable Purchase APR is 15.99%;
Minimum Interest Charge is $1 APR is accurate as of 10/1/2015 and will
vary with the market based on the Prime Rate as defined in the credit
card agreement. Annual Fee of $85 waived for first year.
The Stash Hotel Rewards Visa Card is issued by Synchrony Bank
pursuant to a license from Visa U.S.A. Inc.
About Stash Hotel Rewards
Stash Hotel Rewards provides members the opportunity to earn and redeem
loyalty points at one-of-a-kind, independent hotels throughout the
United States and Caribbean, and has been ranked among the “Best Hotel
Rewards Programs” by U.S. News & World Report for three
consecutive years. Travelers can sign up for a free account at www.stashrewards.com
and apply for the Stash Visa Card at stashrewards.com/CreditCard.
About Synchrony Financial
Synchrony Financial (NYSE: SYF)
is one of the nation’s premier consumer financial services companies.
Our roots in consumer finance trace back to 1932, and today we are the
largest provider of private label credit cards in the United States
based on purchase volume and receivables.* We provide a range
of credit products through programs we have established with a diverse
group of national and regional retailers, local merchants,
manufacturers, buying groups, industry associations and healthcare
service providers to help generate growth for our partners and offer
financial flexibility to our customers. Through our partners’ over
300,000 locations across the United States and Canada, and their
websites and mobile applications, we offer our customers a variety of
credit products to finance the purchase of goods and services. Synchrony
Financial (formerly GE Capital Retail Finance) offers private label and
co-branded Dual Card credit cards, promotional financing and installment
lending, loyalty programs and FDIC-insured savings products through
Synchrony Bank. More information can be found at www.synchronyfinancial.com,
facebook.com/SynchronyFinancial
and twitter.com/SYFNews.
*Source: The Nilson Report (April, 2015,
Issue #1062) based on 2014 data.
Synchrony Financial: (855) 791-8007 or media.relations@synchronyfinancial.com
Contacts
Media
Tailwind PR for Stash Hotel Rewards
Pete Bahrenburg,
802-497-1932
pete@tailwindpr.com
