JPMorgan Chase is betting that a long list of new perks will keep affluent Americans hooked on its Sapphire Reserve card, despite a hefty bump in its annual fee

JPMorgan Chase announced that its annual fee for its Sapphire Reserve credit card will increase by around 45%.

JPMorgan is raising the annual fee on the Sapphire Reserve card to $795 per year, a 45% increase over the current cost. Even for a luxury credit card, that’s steep, but the bank