Your Money Minute Credit Cards Battle For Big Spenders 6/27/25
Jun 27, 2025
High-stakes competition is heating up among premium credit cards. American Express and Chase are going head-to-head, introducing enticing benefits for big spenders. With escalating fees and ever-evolving rewards, savvy consumers must do their homework to snag the best deals. Choosing the right credit card is more important than ever!
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Premium Credit Cards Raise Fees
- Credit card companies like American Express and Chase are raising annual fees to attract big spenders with premium card benefits.
- Higher fees come with valuable perks, but users must understand and utilize them to justify the cost.
Chase Challenges Amex with $800 Fee
- Chase has updated its Sapphire Reserve card and launched a business version, both now costing $800 per year.
- This move challenges American Express, whose Platinum card previously held the higher fee at $695.
Chase Bonus Points Offer
- Chase's Sapphire Reserve business card offers 200,000 bonus points if $30,000 is spent in six months.
- This welcome offer is valued around $4,100, enough for a round-trip business class flight to Europe.