Credit card companies are introducing a new tier of cards, catering to the upper-middle-class consumer. These cards, with annual fees ranging from three hundred to five hundred dollars, offer more benefits than traditional mid-tier options but are less expensive than premium luxury cards. Examples include the American Express Gold Card, Capital One Venture X, and Citi AAdvantage Globe Mastercard. Even innovative companies like Bilt are entering this market, planning to launch cards with annual fees up to four hundred ninety-five dollars. This trend signifies a shift in the credit card landscape, with more cards expected to emerge in this new category as luxury cards continue to rise in price.
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