Credit card annual fees are soaring past $800 — and people keep paying them even as perks shrink
The annual fee on the American Express Platinum Card has climbed three times since 2019, landing at $695 in 2023. Each time, cardholders complained online, debated canceling, and then overwhelmingly stayed. Chase’s Sapphire Reserve has held at $550 since 2020, but the travel credits and transfer partners that once justified that price have quietly narrowed. […]
Read MoreCredit card annual fees are soaring past $800 — and people keep paying them even as perks shrink
The annual fee on the American Express Platinum Card has climbed three times since 2019, landing at $695 in 2023. Each time, cardholders complained online, debated canceling, and then overwhelmingly stayed. Chase’s Sapphire Reserve has held at $550 since 2020, but the travel credits and transfer partners that once justified that price have quietly narrowed. […]
Read MorePersonal Finance
Credit & Debt
U.S. credit card debt crosses $1.33 trillion — average balance now $6,580 per person
A $6,580 credit card balance does not feel abstract when the minimum payment barely covers last month’s interest. That is…
Personal Finance
Credit & Debt
U.S. credit card debt crosses $1.33 trillion — average balance now $6,580 per person
A $6,580 credit card balance does not feel abstract when the minimum payment barely covers last month’s interest. That is…
Markets & Investing
Banking & Credit Cards
Credit Cards & Rewards
Credit card annual fees are soaring past $800 — and people keep paying them even as perks shrink
The annual fee on the American Express Platinum Card has climbed three times since 2019, landing at $695 in 2023. Each time, cardholders complained online,...
Credit Cards & Rewards
Premium credit card annual fees are now past $800 — here’s when the math stops working
When American Express raised the Platinum Card’s annual fee to $895, the company framed it as an upgrade. New perks arrived alongside the price hike:...
Credit Cards & Rewards
The 5 credit card moves that save the most money in 2026, ranked by dollar impact
If you are carrying $6,000 on a credit card at roughly 23% interest, as reported in the Federal Reserve’s G.19 consumer credit statistical release, you...
Loans & Lending
Student loan garnishment still on hold — 5.5 million defaulted borrowers have a window to act before July
If you’re among the roughly 5.5 million Americans whose federal student loans are in default, the government already has the authority to take up to...
Credit Cards & Rewards
Credit card annual fees are soaring past $800 — why people keep paying
Last year, American Express raised the Platinum Card’s annual fee to $895, and the backlash was immediate. Social media lit up with cancellation threats. Personal...
Loans & Lending
Student loan wage garnishment delayed again — Education Dept pauses collections for repayment reform
For the second time in less than a year, the U.S. Department of Education has suspended involuntary collections on defaulted federal student loans, halting wage...
Real Estate
Market Trends
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Retirement & Taxes
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