Find instructions, your rights related to your credit rating and credit card protection. Chase`s $570 million includes $500 million ahead of some future revenue and $70 million from the prepayment of a signing bonus previously promised under the co-brand credit card contract. American Express` US$350 million is for the pre-purchase of Marriott Bonvoy points and other consideration. In all cases, Marriott`s cash is recorded as latent sales and is available for general purposes. BETHESDA, Md., May 5, 2020 /PRNewswire/ — Marriott International, Inc. (« Marriott » or « the company ») announced today that it has signed changes to its co-branding credit card contracts with JPMorgan Chase and Co. (« Chase ») and American Express. These changes will provide $920 million in cash to the company and further increase its cash flow, with $570 million from Chase and $350 million from American Express. If none of these reasons are correct and you still can`t reach an agreement, call them to ask for a copy of your contract. Under federal law, your credit card issuer is required to provide a copy of your contract upon request.
The Company also terminated the commitment announced on April 14, 2020 to revolve $1.5 billion in 364-day loans, the capacity of which was significantly reduced by the senior EE series notes completed on April 16, 2020. Applying for a new credit card? Learn more about the app Please see the offer price and packaging document for information on interest rates, fees and applicable fees. If you have any questions about the agreements yourself, speak directly to the card issuer. Choose a Cardmember Agreement Card Model The model card membership agreements below contain terms and conditions, interest rates and fee information based on our latest credit card offers for consumers. They are provided to help you make informed decisions about which offers best suit your needs. The content provided below is updated quarterly and in PDF format. We include consumer credit card agreements in this database, as the respective issuers have submitted. The GFPB is not responsible for the content of the agreements, including any discrepancies between an agreement as presented in the database and the agreement, as proposed to the public, or omissions or other errors in the agreement, as presented by the issuer.