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JPMorgan Hikes Sapphire Reserve Fee to $795 in Card Overhaul
JPMorgan Hikes Sapphire Reserve Fee to $795 in Card Overhaul

Yahoo

time6 days ago

  • Business
  • Yahoo

JPMorgan Hikes Sapphire Reserve Fee to $795 in Card Overhaul

(Bloomberg) — JPMorgan Chase & Co. (JPM) will hike the annual fee on its popular Sapphire Reserve credit card to $795 and launch a similarly priced version for businesses as part of an overhaul marking the biggest US bank's latest volley in the ultra-competitive world of premium credit cards. Security Concerns Hit Some of the World's 'Most Livable Cities' As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space As American Architects Gather in Boston, Retrofits Are All the Rage How E-Scooters Conquered (Most of) Europe The new fee is an increase for the consumer version, which has been $550 a year since 2020. JPMorgan is also reshaping its rewards for the cards, according to a statement Tuesday, placing more emphasis on the bank's own travel and dining offerings that it assembled through a series of acquisitions and investments in recent years. Lenders have been locked in a fierce rewards battle to lure affluent customers for about a decade. American Express Co. (AXP) announced Monday that it is making its 'largest investment ever' in a refresh of its travel-focused Platinum cards for consumers and businesses. Capital One Financial Corp. (COF) has a premium travel card of its own, and Wells Fargo & Co. (WFC) has one in the works, Bloomberg News reported in February. JPMorgan is adding a slew of annual credits to the Sapphire Reserve card, including $500 toward its 'The Edit' collection of hotels and resorts and, for the consumer version, $300 toward exclusive tables on restaurant reservations app OpenTable. An existing $300 travel credit will continue as well. 'It's the culmination of five years of investment that we've made across Chase in completely uplifting and repositioning what we mean for premium travelers in the premium-card space,' Allison Beer, JPMorgan's head of card and connected commerce, said in an interview. 'This is about having the best-in-class travel assets and an end-to-end travel experience.' Cardholders will earn eight points per dollar spent on Chase Travel, changed from five points per dollar on flights and 10 points on hotels and car rentals. Customers will also get four points per dollar spent on flights and hotels booked directly, up from three points, and three points per dollar spent on dining. JPMorgan's latest overhaul incorporates a number of acquisitions it has made over the past half-decade and 'connecting all of those investments into a completely new service offering,' Beer said. That includes rewards business cxLoyalty, a deal announced in late 2020; restaurant review platform The Infatuation in 2021; and marketing platform Figg and luxury travel agency Frosch in 2022. The firm has also opened half a dozen airport lounges across the US that cardholders can access, with more planned. Marianne Lake, head of consumer and community banking, outlined JPMorgan's vision at the firm's investor day in 2022. 'Travel is at the center of our card business,' she said at the time, adding that the bank would become a full-service travel agency. At this year's investor day, held last month, Lake said JPMorgan more than doubled its travel volume from 2021 to 2024, and that the business remains 'a massive opportunity.' Half of Chase's new customers come through the card business, Lake said last month. The Sapphire refresh dovetails with another JPMorgan growth push: wealth management. Chief Executive Officer Jamie Dimon has long sought to expand that business, and in late 2019 created a new unit within the consumer and community bank intended to capture more market share. 'Customers eventually deepen with the rest of the ecosystem, so they start with the Sapphire Reserve card and then they open a self-directed account, or they open a Chase wealth-management account, and they continue to deepen,' Beer said. She joined JPMorgan in 2017 after more than seven years at American Express and rose quickly through the ranks of the consumer business, taking on her current role in 2021. Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software US Allies and Adversaries Are Dodging Trump's Tariff Threats ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy

Apple Maps just got a big upgrade for finding restaurants and hotels — what you need to know
Apple Maps just got a big upgrade for finding restaurants and hotels — what you need to know

Tom's Guide

time15-05-2025

  • Tom's Guide

Apple Maps just got a big upgrade for finding restaurants and hotels — what you need to know

Summer is coming and you probably have travel on your mind. So it's certainly a good thing that Apple Maps is getting some upgrades to help you figure out exactly what's worth checking out when you're in a new area. Assuming you like to sample higher-end dining experiences. As of today, Apple Maps is bringing in the help of various "expert sources" to add rankings and insights to various spots in the U.S. Currently that includes restaurants, hotels and gold courses, though it's likely Apple will be adding more in the near future. As for the expert sources themselves, they're quite a premium group. Users are being given the chance to search for restaurants rated by Michelin, including the Green Star and Bib Gourmand awards, plus Michelin Key hotels. Additional rankings from The Infatuation, Golf Digest and other sources will be added "soon." Looking at the list of those experts, it shows that Apple Maps is targeting a specific kind of person with these new insights. Michelin is not the kind of organization to review the sports bar down the street, after all. These are the crème de la crème. Users will also be able to book hotel stays directly in Apple Maps, but only at "select hotels." That feature also lets you reserve a table through Michelin, and will eventually let you book a tee time via Supreme Golf. Which gives you another indication of the kind of hotels we're talking about. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. This is probably just the beginning. While Michelin star restaurants may not be the kind of place you visit a lot, it could be the start of seeing more specialist information come to Apple Maps. Rather than just relying on reviews and ratings from the likes of OpenTable, TripAdvisor or Yelp. Aggregate sites like that may be useful for getting insights from everyday people, but sometimes you may want to see what the experts have to say. So adding that info to Apple Maps makes things a little bit more convenient. But it would be nice to get detailed insights in more everyday spots at some point. That's probably going to take some time. For now it makes sense for Apple to start with something rather niche, just to gauge how Apple Maps handles the new feature and how users react. So, if you're heading away this summer and want to spend some money on a nice restaurant or hotel, Apple Maps has you covered.

Apple Maps Adds MICHELIN, Infatuation Guides
Apple Maps Adds MICHELIN, Infatuation Guides

See - Sada Elbalad

time15-05-2025

  • Entertainment
  • See - Sada Elbalad

Apple Maps Adds MICHELIN, Infatuation Guides

Israa Farhan Apple has introduced a significant update to Apple Maps, launching new features in collaboration with the MICHELIN Guide, The Infatuation, and Golf Digest to elevate how users discover top-rated dining and leisure spots across the United States. With the new update, users can now filter search results to highlight restaurants that have received MICHELIN Guide ratings, showcasing destinations known for outstanding cuisine. For quicker, more casual recommendations, The Infatuation brings trusted local picks ideal for spontaneous outings. Beyond restaurants, Apple Maps will also incorporate MICHELIN's hotel suggestions and booking tools, expanding its utility for both everyday planning and travel. Golf enthusiasts can benefit from the Golf Digest integration, which allows users to search for and locate highly-rated golf courses, following the same intuitive system used for restaurants. Additionally, these content partners will enhance Apple Maps' curated Guides feature, offering expertly selected lists to help users explore notable spots during their travels or in their own cities. read more UAE's Lunar Mission Delayed to Tomorrow Twitter Lifts Trump's Account Ban Scientists Find Evidence Of 10،000 Black Holes Surrounding The Center Of The Milky Way Galaxy Greenhouse In Antarctica Able To Grow Vegetables Without Soil Or Sunlight Moving Over China: U.S. Is Again Home to World's Speediest Supercomputer Technology The 10 most expensive cars in the world Technology Top 10 fastest cars in the world Technology Lasers Could Make Computers 1 Million Times Faster Technology Smart technology taking control of our lives News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War

Apple Maps will now help you dine at the finest with a side of golfing
Apple Maps will now help you dine at the finest with a side of golfing

Digital Trends

time15-05-2025

  • Business
  • Digital Trends

Apple Maps will now help you dine at the finest with a side of golfing

Table of Contents Table of Contents Why does it matter? What else is on the platter? If you've ever felt like dining at only the crème de la crème of food establishments in your neighborhood, Apple Maps just built the right system for you. And to go with it, if you're in the mood for some calorie burnout through golf, the service got you covered on that front, too. Apple has inked a deal with MICHELIN Guide and The Infatuation that will let users find and get insights about Michelin-starred restaurants on the mapping and navigation platform. 'Users can now view and search for MICHELIN-starred, Green Star, and Bib Gourmand restaurants — along with MICHELIN Key hotels — starting in the U.S,' says the company. Recommended Videos Why does it matter? In case you aren't familiar, a Michelin star is a rating system that is awarded to restaurants and chefs for their culinary excellence. A similar system is in place for hotels that serve a top-tier hospitality experience. Most of these establishments are pretty expensive, but there are Michelin-starred food outlets that cater to the masses with affordable food, as well. Thanks to the partnership, when you look up a Michelin-rated outlet, the details page will show cards about its rankings, images, and recommendations about the food options sourced from professional gourmands and connoisseurs. After all, if you're splurging on a decadent experience, you might as well hear what an expert has to say, even before you get moving toward your destination. To get the best out of the new features, users can pick the appropriate filter in Apple Maps and find the spot that best suits their taste palette. And if they feel like digging deeper into what a Michelin-starred outlet is all about, they will find all the details in the attached curated guides. What else is on the platter? For a handful of establishments, users will even be able to make bookings directly from within Apple Maps and book a reservation for themselves. In the coming months, Apple Maps will also add tailored content sourced from The Infatuation and Golf Digest, followed by more expert-curated content. If you are looking up hotels on Apple Maps, you will now see a new search filter named 'Michelin Distinctions.' When you select any of the options appearing on the map view, you will see a summary alongside a brief highlight and, more importantly, the number of Michelin stars received by a restaurant. Just like food establishments, Apple Maps users will be able to book tee times directly, thanks to a partnership with Supreme Golf. The latest additions to Apple Maps are currently limited to the US region, and there is no word on their global rollout yet.

Apple Maps adds recommendations from experts like Michelin, Golf Digest and more
Apple Maps adds recommendations from experts like Michelin, Golf Digest and more

Phone Arena

time15-05-2025

  • Business
  • Phone Arena

Apple Maps adds recommendations from experts like Michelin, Golf Digest and more

Apple Maps and Google Maps are battling each other for leadership in the market for turn-by-turn navigation apps. Google Maps is considered the leader, but Apple is always looking for ways it can cut into that lead. Starting today Apple Maps users can look for top ranked eateries, hotels, and golf courses by using the rankings and opinions from experts such as MICHELIN (as in MICHELIN stars), Golf Digest, and The Infatuation. With the update, place cards for Apple Maps will now include "distinctions, descriptions, and images" from expert sources. With select hotels, Apple Maps users will now be able to book rooms directly from Apple Maps, make restaurant reservations through MICHELIN and even set tee times (not tea times) using Supreme Golf which is a feature coming soon to Apple Maps. -David Dorn, Apple's senior director of Internet Software and Services Product Apple says that "By bringing MICHELIN Guide's restaurant and hotel distinctions into the Apple Maps app, we are providing travelers and food enthusiasts with easy and convenient access to MICHELIN's curated recommendations and insights for their next memorable experience." Find restaurants with Michelin stars using Apple Maps. | Image credit-Apple Paul Needham, CEO of The Infatuation said, "Apple and The Infatuation share a commitment to high-quality content — and we are thrilled to soon bring our authentic, relatable, and curated restaurant recommendations to Apple Maps. It's important for us to meet users where they are, and we know Apple Maps is a key part of their daily lives, making this integration a natural fit." Lastly, "As the leading authority in golf course rankings and reviews, Golf Digest is proud to bring our trusted insights to Apple Maps," said Meredith Bausback, Golf Digest's vice president of Marketing & Audience Development. With Golf Digest's knowledge, golfers will be able to use Apple Maps to choose the courses they'd prefer to play on based on the ratings compiled by Golf Digest. Check out expert information about restaurants from the Michelin Guide and The Infatuation on Apple Maps. | Image credit-Apple To use this feature, and there is no reason why Apple Maps users shouldn't ask for advice from experts, open Apple Maps and in the Search Maps field, type in Michelin Guide to call up the guide in Apple Maps. You can also type in The Infatuation and Golf Digest to see highly rated restaurants and golf courses respectively. It's doubtful that a feature like this will get many Google Maps users to switch to Apple Maps but it could convince some to give Apple Maps a shot especially since golfers like to try out courses that they've never played before.

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