American Express updates Business Platinum card
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The annual fee for the Sapphire card will jump 45% to $795. Amex did not say if there would be a fee increase.
The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.
And he’s starting to give hints of just how exactly he plans to lure more of them to the fold, announcing on June 16 that the company will implement a big upgrade late this summer or in the early fall to its Platinum card.
JPMorgan Chase announced Tuesday it's raising the annual fee of the popular Chase Sapphire Reserve credit card to $795.