Wonder if the points program will be run by Chase or Fairmont. If it's Chase, this would make a nice addition to Ultimate Rewards.
The way the card is designed, it only makes sense if the points program is run by Chase (which is the info Iīve received). I wouldnīt expect the program to be as flexible as Ultimate Rewards (and I doubt Chase could afford a 1:1 points:miles ratio with the earning structure). Unless Fairmont completely redesigns its loyalty program (which I doubt) Iīd think itīs more an artificial currency which helps faciliating the transactions between the Chase CC and Fairmont.
As usual, the best use of points will likely be free nights at Fairmont hotels, though they likely expand the other options like GCs over time.