Some credit card customers pay more but get better perks

Updated
Credit card rewards
Credit card rewards

Sometimes it feels like WalletPop is the official "bad news about credit cards" website. And granted, there's plenty of bad news to go around when it comes to the sneaky ways banks are still trying to get their pound of flesh, even after passage of the landmark CARD Act. But a new report indicates that some Americans are managing to get a few, new perks out of their card issuers.

According to this article, a handful of big banks have started increasing the perks on their reward cards. For instance, both JP Morgan Chase & Co. as well as Citigroup Inc. have increased the number of miles customers can earn for each dollar spent. While that may sound surprising, the banks aren't doling out these goodies out of the goodness of their hearts. The article notes that only the best customers are getting these offers, and most of the cards that let customers accrue the additional rewards are cards that charge annual fees.

Advertisement