Howard Grosfield also stated that Platinum credit card features are mostly popular among Millennials and Gen Z, who account for more than 35% of total U.S. Consumer spending in th

The annual fee for the Sapphire card will jump 45% to $795. Amex did not say if there would be a fee increase.

With premium cards, fee hikes are usually accompanied by an upgrade in perks, experts note. Both the American Express and Chase cards come with a bevy of benefits ranging from air