Story perspectives

Chase, Amex Hike Premium Card Fees, Offer New Perks

9/22/2025

36 6

Summary

Story summary

Chase and American Express are raising fees on premium credit cards, with Chase Sapphire Reserve increasing to $795 and Amex Platinum to $895.
Both companies introduce new perks, including hotel and dining credits, to justify the fee hikes.
Consumers can still access no-annual-fee credit cards with cash bonuses, such as Chase Freedom Unlimited and Discover it Cash Back.
Notable no-fee options include Blue Cash Everyday Card, Citi Double Cash Card, and Wells Fargo Active Cash Card.
These alternatives offer rewards without the costs of premium cards, appealing to budget-conscious consumers.

1 of 1

Story summary

Chase and American Express are raising fees on premium credit cards, with Chase Sapphire Reserve increasing to $795 and Amex Platinum to $895.
Both companies introduce new perks, including hotel and dining credits, to justify the fee hikes.
Consumers can still access no-annual-fee credit cards with cash bonuses, such as Chase Freedom Unlimited and Discover it Cash Back.
Notable no-fee options include Blue Cash Everyday Card, Citi Double Cash Card, and Wells Fargo Active Cash Card.
These alternatives offer rewards without the costs of premium cards, appealing to budget-conscious consumers.