JPMorgan Chase raises fee on popular Sapphire Reserve credit card

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JPMorgan Chase & Co said on Wednesday it was raising the annual fee for its popu...

FILE PHOTO: A sign is seen outside the headquarters of JP Morgan Chase & Co in New York, United States, September 19, 2013. REUTERS/Mike Segar

The largest U.S. bank said in the statement that the price increase comes as it expands its program of travel rewards and ways to earn points. More than 40 million U.S. households have a credit card from JPMorgan, which comprises about 19 percent of the market, executives have said.

 

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Big banks are winning Middle class? Not so much!

Good for them. Don't they know peeps can get better rates. Hope they don't expect people to stay with them. Greed never keeps customers.

$450 was very cheap with the $300 credit. When I got mine with the $1000 bonus, the Chase employee was bragging to me how many times he got the bonus on various cards! HAH

It’s still worth it for that $300 annual credit for travel...

Greed Banksters

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