China Merchants Bank and Huazhu Club Launch First Co-Branded Credit Card
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Combining a hotel loyalty program with bank credit and a global payment network extends lodging points into everyday spending, potentially changing business travelers' payment and points-accumulation habits. For hotel groups, it is an attempt to extend the membership ecosystem from lodging to all-scenario consumption.
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- Pinchain TourismChina Merchants Bank and Huazhu Club Launch First Co-Branded Credit Card
On September 23, Huazhu Club, China Merchants Bank and Mastercard launched Huazhu Club's first co-branded credit card in Shanghai. The card has no annual fee for the first year and waives the second-year fee after six transactions; everyday spending earns Huazhu Club points redeemable for room charges, and meeting monthly spending targets earns up to 20,000 points plus a Gold membership trial. Huazhu Group has over 1.26 million rooms, ranking fourth globally, and Huazhu Club has over 300 million members with the world's highest member density per room.