Your Money Minute Credit Cards Battle For Big Spenders 7/2/25
Jul 2, 2025
In this quick financial rundown, discover how premium credit cards are competing fiercely for big spenders. American Express and Chase are updating their offerings, with Chase unveiling enhancements to its Sapphire Reserve card. Tune in to explore whether the higher fees of these cards are justified by the benefits they provide. It's a showdown in the world of credit that every savvy spender should know about!
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Rising Fees in Premium Cards
- Credit card companies American Express and Chase are updating their premium cards to appeal to big spenders.
- Chase increased their annual fee to $800, upping the competition for Amex's Platinum card.
High Fees Demand High Value
- The new Chase Sapphire Reserve cards now carry $800 annual fees, reflecting more luxury perks.
- These perks require cardholders to know and use them well to justify the higher cost.