American Express and JPMorgan Chase are enhancing their popular credit cards, appealing to travelers and food enthusiasts. American Express announced upgrades for the Platinum Card, with details coming later. In contrast, the Chase Sapphire Reserve will see a significant annual fee increase from $550 to $795, starting on June 23. New features for Sapphire Reserve include higher reward points on travel and dining, offering enhanced value in chosen categories, and up to $300 annual credit for exclusive dining reservations.
Cardholders will get 8x points on Chase Travel for purchases like flights, hotels, and rental cars, and 4x points on bookings made directly with an airline or hotel.
With the revamp, they'll also now get a credit of up to $300 annually for dining at restaurants that are part of the Sapphire Reserve Exclusive Tables program.
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