LarkSFO

I just received this in my e-mail invitation:

"Existing Fairmont President’s Club Premier & Platinum members
Become a Charter Member and the first year’s annual fee will be waived (a $95 value).2 After approval, you'll receive 2 additional Fairmont Gold upgrades8 along with $150 in dining certificates.9
This is a limited time Charter Member offer, so apply now! "

Appears to be in addition to the 1 you are given as a President's Club Member(? although not completely clear...)

"You will get 2 complimentary nights with breakfast for 2 at any Fairmont destination worldwide after you make just $1,000 in purchases within your first 3 months of account opening.1
• Pay no foreign transaction fees.2
• Earn Fairmont Rewards on every purchase, including 5 per $1 spent on Fairmont stays, 2 per $1 spent on airline tickets purchased directly with airlines, at car rental agencies, and on transit and commuting, and 1 per $1 spent on all other purchases.3
• Upgrade to Fairmont Gold, as you maintain your Platinum or Premier membership stay status, you will receive a Fairmont Gold upgrade certificate4 plus dining certificates5 to enjoy once per year.
• Enjoy a complimentary annual membership to the LOUNGE CLUB™ plus 2 free lounge visits each year, for access to over 350 airport lounges in over 200 cities worldwide. For subsequent visits, simply pay $27 per person per visit.6
• Enjoy 1 complimentary night each anniversary year that you make at least $12,000 in purchases on your card.7 "

The fine print:

"8 One-time Fairmont Gold Upgrade: To be eligible for this one- time bonus offer, you must apply by July 31, 2012 and be a first-time Fairmont Rewards cardmember. Further, at the time of fulfillment you must have attained Fairmont President’s Club Premier or Platinum status through acquiring the required number of stays/stay credits, and your account must be open and not in default. Please allow 4 to 6 weeks after account opening for delivery. The upgrade certificate entitles the holder to a complimentary upgrade from a deluxe room category to a Fairmont Gold room with single/double occupancy (2 adults). The upgrade certificate is not redeemable for Fairmont Gold Suites and cannot be used as credit towards Fairmont Gold Suites, regular Suites, specialty Suites or multi-unit Suites. Redemption is subject to availability of Fairmont Gold rooms at the time of reservation. For a list of current Fairmont hotels and resorts with Fairmont Gold, please visit www.fairmont.com/fairmontgold . Only 1 upgrade certificate may be redeemed per stay, and a single stay cannot exceed 5 nights. Upgrade certificates may not be used in conjunction with any Fairmont or third-party packages or promotions, and cannot be combined with any other certificates. All upgrade certificates are non-refundable if lost, stolen or destroyed, except if otherwise required by law. Upgrade certificates have no cash value, except as required by law. If permitted by law, upgrade certificates will expire within 1 year of date of issue. Upgrade certificates are non-transferable, except by Fairmont President’s Club Platinum members who may transfer to immediate family members. See certificate for more details. Previous and existing Fairmont Rewards cardmembers/accounts are not eligible for this bonus offer. Chase is not responsible for offer fulfillment."