Travel Bans Take Shine Off Banks’ Premium Rewards Cards

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JPMorgan’s Sapphire Reserve and AmEx’s Platinum cards reward frequent travelers. But travel spending is down and some cardholders are questioning whether the cards’ high annual fees are worth it.

For more than 20 years, Laura Chapman routinely charged thousands of dollars a month on her American Express Co. Platinum card.

The 57-year-old travel agent’s income and spending took a dive after coronavirus made the kind of business trips and vacations she booked all but impossible. She canceled the card when AmEx charged her the $550 annual fee.

 

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Chase Marriott card isn't worth it. No customer service, they could care less if you have a bad experience at one of their hotels. They like to test the fire alarm after 7 a.m. for hours and no working elevators during that time. Stay elsewhere. MarriottBonvoy CourtyardRenoNV

Well duh, can't use the benefits so there is not point on keeping them.

AAndriotis Agree. AmEx Platinum switched from the $15 monthly Uber credit to Uber Eats, as few are using the driving service. So few other perks are also used, for the $550 annual fee. --Mitch

Amex platinum has never been “worth it”.

Regardless of Covid19 travel issues 5 points on a dollar for a business that use credit cards to process purchases is a very good deal.

HOLY SHIT Turkish Television talking about the Chrome and Blue Eye Club. Adrenochrome. Think Google Chrome. 666 Logo. Adreno Software. Fountain of Youth 1000s years of History Royal Families The global elites are going down.

As a side note Amex is not increasing their annual fee on the Platinum this year. Besides, the card is made of steel now.

Pretty soon banks and companies will start charging their customers COVID-19 fees. Have to keep those CEO bonuses up.

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