Why Credit Card Fees Keep Getting Higher - WSJ
1. JPMorgan increased Sapphire Reserve's annual fee to $795, up 45%. 2. Customers pay higher fees for premium perks, increasing loyalty. 3. Over $33 billion in rewards went unclaimed in 2022, signaling complexity. 4. Higher fees may boost engagement from premium cardholders. 5. Only 9% of cardholders would cancel their card due to fee hikes.