Would you pay $795 a year for a credit card? Chase thinks this popular card is worth it. [USA TODAY]
American Express Company (AXP)
Last american express company earnings: 4/24 07:00 am
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Source: USA TODAY
The new fee applies to existing cardholders starting October 26th and new applicants starting June 23rd. The Chase Sapphire Reserve Visa, a long-time favorite of points and miles hobbyists and luxury travel aspirants, is getting an overhaul and a hefty new annual fee. Chase announced Tuesday that Sapphire Reserve cardholders will soon pay $795 a year for the privilege of using that high-end metal card. While the new fee is softened by a host of updated perks, many points and miles experts are wary that the credit card game is losing its luster. "Honestly, this is kind of a breaking point for me, but also I could see it for a lot of people. I don't see why anyone would really splurge for this card when the Sapphire Preferred exists,” Stella Shon, a senior editor at Upgraded Points , a points, miles and travel website, told USA TODAY. “Do you really care that much about lounges? Do you really need to get to the airport hours early to get a free meal?” The Sapphire Preferred is
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News
- BofA ‘increasingly encouraged' about Amex Platinum refresh after survey [Yahoo! Finance]Yahoo! Finance
- American Express Plans Live Audio Webcast of Second-Quarter 2025 Earnings Conference CallBusiness Wire
- How Chase's new Sapphire Reserve credit card compares to rivals [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chase's $795 credit card signals a shift in the credit card perk wars [Yahoo! Finance]Yahoo! Finance
- American Express Declares Regular Quarterly DividendBusiness Wire
AXP
Earnings
- 4/17/25 - Beat
AXP
Sec Filings
- 6/18/25 - Form 11-K
- 6/16/25 - Form 8-K
- 5/21/25 - Form 4
- AXP's page on the SEC website