All articles tagged with #annual fee increase
The author is reconsidering keeping the Amex Platinum card after its annual fee increased from $695 to $895, questioning whether the benefits justify the higher cost, especially given the need to adapt spending habits to maximize rewards. Despite added perks, the value of the card depends on individual usage and lifestyle, with some finding it worth the cost and others feeling the expense is excessive.
American Express has increased the annual fee for its Platinum Card to $895, adding new perks like credits at Resy, Lululemon, and Oura, which some cardholders find valuable enough to justify the cost. Unlike the controversy surrounding Chase Sapphire Reserve's fee hike, the Amex change has been met with mostly positive reactions from users who benefit from the new perks, though it remains a personal decision based on individual lifestyle and spending habits.
American Express has revamped its Platinum Card, adding numerous new perks across travel, dining, wellness, and entertainment, while increasing the annual fee to a record $895. Existing cardholders will see the higher fee after their next renewal, but new applicants pay immediately. The updates include expanded hotel credits, dining and wellness credits, exclusive reservations, and a new card design, emphasizing the card as a lifestyle membership rather than just a travel card. Despite the fee hike, the card's benefits aim to create a comprehensive ecosystem to retain affluent customers amid rising competition in the premium credit card market.
American Express has overhauled its Business Platinum Card, increasing the annual fee to $895 and adding new benefits such as a $600 hotel credit, enhanced points earning, and additional elite status, making the card potentially more valuable despite the higher cost.
American Express is raising the annual fee for its Platinum card to $895, adding about $1,500 in potential perks such as dining credits, Lululemon spending, hotel benefits, and entertainment credits, aiming to maintain its competitive edge in the premium credit card market.
Chase is increasing the annual fee for its Sapphire Reserve credit card from $550 to $795, introducing new benefits such as hotel credits, dining and entertainment perks, and travel credits, aiming to deliver over $2,700 in annual value. The decision on whether it's worth it depends on individual spending habits and how much one can utilize the new perks, with high spenders and frequent travelers likely to find it valuable, while casual users may not see enough benefit to justify the higher cost.
Chase has announced significant updates to its Sapphire Reserve credit card, including a higher annual fee of $795, new statement credits, enhanced earning rates on flights and hotels, and additional perks like complimentary IHG status and spend-based benefits. These changes aim to offset the fee increase and align the card with premium market standards, but whether they are beneficial depends on individual spending habits and travel preferences.
JPMorgan Chase has increased the annual fee of its Sapphire Reserve credit card to $795, introducing new perks worth over $2,700 annually, including enhanced travel and dining benefits, a new redemption program, and exclusive credits, aiming to retain affluent customers despite the higher cost.