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American Express is raising its annual fee for the card from 0 to 0.
It is the first annual fee increase for the card in more than a decade, and the card would have the highest fee among similar cards offered by other issuers.
The move comes after JPMorgan Chase blitzed the market with its Chase Sapphire Reserve card and a huge sign-up bonus last year, only to cut that bonus in half this month.
The revamped Platinum card will feel metallic, like ones provided by Chase Sapphire Reserve.
One needs to spend over 0,000 a year, meet net worth requirements and have impeccable credit in order to be eligible for it. I have no clue what this says, but I assume it’s the contact info for their concierge service. I had to blur the name and number for obvious reasons. As we were finishing our food, the waitress came over numerous times to repeatedly ask us if we needed anything (translation: there are a lot of people waiting, and I need you to hurry up and leave).
Schulz said that the Uber offer is likely to attract millennial cardholders who may not have otherwise considered a card with such a hefty annual fee."People are buying ads, and the owners of the website aren't theoretically doing anything illegal.They are providing a forum."Cramer said the financial cost to the credit cards companies doesn't amount to much, considering the concerns raised about sex trafficking on the site."In the scheme of things this is not even a rounding error for Visa and Master Card," he said.The difficult part has always been the pimps and the traffickers, the ones who are the really evil people here.Late Tuesday afternoon, a Master Card spokesman said in an email that after company officials heard from Dart, they contacted Backpage and have since terminated the use of its cards to purchase ads in the the adult ad section of the site."Master Card has rules that prohibit our cards from being used for illegal or brand-damaging activities.