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Swipe, Spend, Repeat: The Perks Arms Race in Your Wallet

The Journal.

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The Luxury Credit Card Debate

This chapter examines the competitive dynamics of luxury credit cards, particularly the recent fee increase for the Chase Sapphire Reserve. It explores consumer reactions to the hike, balancing the allure of premium perks against mounting costs. The discussion reveals how credit card companies are shifting their strategies to craft exclusive experiences that resonate with a younger demographic, driving consumer spending behavior.

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