re: Credit Card Rewards and Points Discussion

Amex is gonna have to rethink their entire points program from the platinum and black card perspective. Chase is shiteing on the with the sapphire reserve and JP Morgan reserve. What's more prestigious? That you have a black Amex and spend $250k annually or that you have a JP Morgan reserve card and have $10m+ bc you're a JP Morgan private bank client? The JP Morgan card is $500/year and the black Amex is $7500 in year one. Amex has quite the battle ahead of them to compete across the board but for starters the platinum Amex will need better rewards and sign up bonus. Access to a handful of Amex lounges is not worth it right now