I didn't see another thread on this subject, so mods feel free to merge.
Update: details
http://theritzcarltonrewardscard.com/
GET CLOSER TO EXCEPTIONAL EXPERIENCES WITH EVERY PURCHASE
Receive 50,000 Ritz-Carlton Rewards points as a Founding Member after you use your card for the first time* — enough for a complimentary night's stay at your choice of over 60 Tier 1-3 locations
Earn 5 Ritz-Carlton Rewards points per $1 spent at The Ritz-Carlton*
Earn 2 Ritz-Carlton Rewards points per $1 spent on qualifying airfare, car rentals and dining*
Earn 1 Ritz-Carlton Rewards point per $1 spent on all other card purchases*
RECEIVE SPECIAL HOTEL PRIVILEGES WHEN YOU STAY
An Extra Hotel Experience — With each two-night stay or longer at The Ritz-Carlton, celebrate with a $100 Hotel Credit to be used toward your choice of dining, spa or other hotel recreational activities*
Upgrade to The Ritz-Carlton Club® Level three times annually on stays of up to seven nights, subject to availability at time of reservation*
Automatic Gold Elite status in The Ritz-Carlton Rewards your first year*
ENJOY AN UNPRECEDENTED SUITE OF TRAVEL ADVANTAGES
Complimentary airport lounge access with Priority PassTM Select*
$200 annual credit for airline incidentals billed to your card*
No foreign transaction fees†