Credit card issuers are enticing big spenders with luxurious perks and prestige brands, funded in part by fees that are higher than ever.
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Brace for the bill: Shoppers put $10 billion worth of purchases on buy now, pay later plans in November and $1 billion just on Cyber Monday.
American Express justifies the hike with more than $3,500 in benefits, including credits that go towards dining, flights, and entertainment.
Visa has offered $100 million replace Mastercard as the network of choice for Apple’s credit card, according to The Wall Street Journal.
The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.
The mega bank intends to buy the fourth-leading credit card network in the US.
Berkshire Hathaway’s third-quarter earnings report on Saturday revealed how Warren Buffett weathered the past three months.