AmEx Offers Uber Rides After Chase Makes a Splash With Sapphire
- Platinum card is adding perks while raising annual fee by $100
- Analyst sees AmEx’s move as ‘attempt to stop the bleeding’
The Cult of the Chase Sapphire Credit Card
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American Express Co. is escalating the rewards war for premium credit cards, offering Platinum customers $200 of free Uber rides while raising the annual fee.
Redesigned in stainless steel, the card will cost new holders $550 starting on March 30, a $100 increase that will take effect for existing users when they renew after Sept. 1. It’s the first fee hike in more than a decade, according to Janey Whiteside, AmEx’s senior vice president for global charge products, benefits and services.