American Skiing Company Edge Platinum Visa Review

Background of American Skiing Company - If you have just glanced through our summary, you would realize that this credit card no longer exist. And the reason it no longer exist is because American Skiing company as an entity no longer exist. And to understand why, here is a brief description of how the company was formed and how it eventually went bust. It is really a story of taking on too much debt!

The beginnings of the American Skiing Company started in 1980 when Leon Otten bought the Sunday River resort for $840,000 from the Sherburne Corporation. In 1994, he formed LBO Resort Enterprises Corp and purchased Attitash Bear Peak in New Hampshire. In 1996, LBO Resort Enterprise purchase certain properties of S-K-I Ltd. After the acquisition, LBO Resort Enterprises was renamed the American Skiing Company. In 1998, American Skiing Company did an IPO on the New York Stock Exchange.

Since it's IPO, the story of American Skiiing Company has been one of having too much debt from all their acquisitions. It finally caught up with them in July 2008, when American Skiing Company's sold their last remaining flagship resort, The Canyons to Talisker Corporation for $100 million. The company then filed for a dissolution of itself¹.

How Did You Earn Rewards? - While it was still around, The American Skiing Company frequent skier program was different from the points you accumulate when you use the American Skiing Company Edge credit card. If you are a frequent skier who skis at American Skiing Company resorts, then having their credit card will help you save money on your next ski trip. Whereas the Edge frequent skier program lets you accumulate and redeem points in exchange for ski passes, the credit card allows you to earn 5 points for every dollar spent at American Skiing company resorts and redeem it for a $10.00 certificate when you accumulate 1000 points. This certificate can be used at any American Skiing Company resort. This is a 5% rebate, which is very good for any reward or travel credit card.

Past American Skiing Company Resorts - Because their portfolio consisted of many ski resorts, cardholders actually had a lot of opportunities to use them. Examples of resorts they used to own include Sunday River resort, Mount Cranmore in the Mount Washington Valley of New Hampshire, Killington, Mount Snow, Haystack, and Sugarloaf, Wolf Mountain in Park City, Utah.

Did We Like This Card - Actually, YES, if you ski every year at one of their properties. Unlike other hotel travel credit card, this program is very simple - no earning airmiles at hotel stays, no exchaning points for miles. But the 5% rebate ratio, low APR, absense of annual fees makes this a highly recommended credit card for frequent skiers who stay at American Skiing COmpany resorts.