Hugh Son

1 week ago | cnbc.com | Hugh Son

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty ImagesOnce a laggard in the online investing game, JPMorgan Chase now believes it is a leader. The bank on Friday is set to unveil new tools that allow investors to research and purchase bonds and brokered CDs through its mobile app, CNBC is first to report.

1 week ago | cnbc.com | Gabrielle Fonrouge |Hugh Son

More and more people who are filing for bankruptcy have retail credit card debt, and those bills are getting harder to pay off with record-high interest rates. Store credit cards, which most major retailers offer, typically carry higher interest rates than traditional credit cards because the people who have them tend to have lower credit scores and banks consider them more risky. But those rates reached an all-time high of an average of 30.45% in September, according to Bankrate.

1 week ago | cnbc.com | Hugh Son

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailHere's how retail credit cards can get you with record high interest ratesRetail credit card debt is accounting for a greater proportion of overall debt in consumer bankruptcies in recent years.

1 week ago | flipboard.com | Hugh Son

NowNew York CNN — JPMorgan Chase is hiking the annual fee of its popular Sapphire Reserve credit card by 45% as part of a major overhaul to attract high-spending millennials. The bank announced Tuesday that the credit card, which is targeted at travel and dining aficionados, will soon cost $795 per year …

1 week ago | cnbc.com | Hugh Son

Benji Stawski / CNBCJPMorgan 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. The bank on Tuesday unveiled an update to its premium credit card, which will now carry a $795 annual fee. That is a 45% jump from its previous level and the card issuer's largest price increase for the Sapphire since its 2016 launch.