Ted Rossman
Senior Industry Analyst at CreditCards.com
Senior Industry Analyst at Bankrate
Senior Industry Analyst @bankrate
Articles
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1 week ago |
bankrate.com | Ted Rossman |Alice Lesperance
The Chase Sapphire Reserve® card used to be for people who wanted champagne travel on a beer budget — like middle-class Americans, many in their 20s and 30s, who enjoy traveling and dining out and desire a taste of luxury without spending too much. But after its latest refresh, the card is now slanted much more towards those who are actually rich, not just everyday people who want to travel as if they were rich.
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1 week ago |
nbcnews.com | Ted Rossman
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. 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.
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1 week ago |
bankrate.com | Ted Rossman |Alice Lesperance
The credit card delinquency rate has decreased for three straight quarters after hitting its highest point in more than a decade. According to the Federal Reserve, 3.05 percent of credit card balances were delinquent (30+ days past due) as of Q1 2025. The recent peak was 3.24 percent in the second quarter of 2024, the highest since the fourth quarter of 2011.
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3 weeks ago |
bankrate.com | Ted Rossman |Brooklyn Lowery
The “vibecession” remains in effect, according to recent data, just as it has over the past few years. This term refers to the gap between consumer sentiment (sometimes referred to as “soft data”), which has been quite negative, and “hard data” (for instance, consumer spending, employment reports and economic growth), which has been more favorable. Bankrate’s recent Discretionary Spending Survey captured numbers that fit right into the trend.
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1 month ago |
bankrate.com | Ted Rossman |Brooklyn Lowery
Airlines are notorious for nickel-and-diming their passengers. It wasn’t too long ago that you could check bags for free. But in 2008, American Airlines became the first major U.S. carrier to implement checked bag fees. Others quickly followed, and the fees haven’t stopped there. Many airlines now impose fees for carry-on luggage, seat selection and more. It’s not uncommon to be charged for sodas on some flights, as my family was on a recent Frontier Airlines flight.
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Ready to pay $1,000 a year for a premium credit card? New American Express Platinum offer could raise fees, experts say. https://t.co/EtCEdIi6pk via @MarketWatch @charlespassy @bankrate
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee https://t.co/oT1RFUSVeN @cnbc @hugh_son @bankrate
The “vibecession” remains in effect, according to recent data, just as it has over the past few years. What’s causing this? https://t.co/d5mg4n5iHa https://t.co/SCfj00SOxq