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

The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.

American Express is planning the largest investment to revamp its Amex platinum cards, which are expected to be rolled out in ...

JPMorgan Chase announced Tuesday it's raising the annual fee of the popular Chase Sapphire Reserve credit card to $795.