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.
In a bid to attract more high-spending Millennials and Gen Z-ers, American Express (NYSE: AXP) is set to roll out significant updates to its U.S. Consumer and Business Platinum Cards later this year.
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JP Morgan Chase announced a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived in 2016. The bank on Tuesday unveiled an update to its premium credit card,
American Express is teasing “major updates” to its U.S. Consumer and Business Platinum cards. The company did not provide exact details on the update, but said Monday it will be the company’s “largest investment ever in a Card refresh.