- JPMorgan Chase announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived in 2016 — was imminent.
- In response, American Express on Monday said that “major” changes were coming to its consumer and business Platinum cards later this year.
- The expectation among industry experts is that both the companies will offer ever-longer lists of perks in travel, dining and experiences like concerts, while potentially raising their annual fees.
The long-running rivalry between the country’s top premium credit cards is about to heat up again.
JPMorgan Chase
announced last week that a refresh of its Sapphire Reserve — the travel and dining rewards card that went viral when it arrived in 2016 — was imminent.
In response, American Express
on Monday said that “major” changes were coming to its consumer and business Platinum cards later this year. While short on details, the New York-based card company said that its update would be its largest ever investment in a card refresh.
“We are going to double down on the things we know based on the data that our card members love,” said Amex President of U.S. Consumer Services Howard Grosfield in an interview. “But more importantly, we’ll bring a whole bunch of new and exciting benefits and value that will far, far, far exceed the annual fee.”
MORE:
https://www.cnbc.com/2025/06/16/credit-cards-amex-platinum-chase-sapphire-get-2025-refresh.html