Amex and Chase Face Off on Premium Credit Cards, but the Backstory Is More Interesting

American Express and Chase have announced that they are revamping their flagship credit card reward products, which target high-spending and well-heeled cardholders with excellent FICO Scores and a passion for points. Although the terms are still being finalized, the pricing is crystal clear. The Chase card will carry an annual fee of $795, up from $550, and the American Express Platinum card will incur a yearly fee of $ 750, up from $695.

Companies Mentioned:

American Express, Bank of America, Chase, Citi, Discover, Mastercard, Visa