Talk about sticker shock: Your premium-rewards credit card might soon carry a $1,000 annual fee. At least that’s what some card and rewards experts are saying, particularly with the news that American Express AXP is planning to revamp its Amex Platinum card, which already carries a $695 fee.

Cardholders between their 20s and 40s make up 75% of Amex's new accounts acquired on its two premium cards, Platinum and Gold.

In a bid to attract more high-spending Millennials and Gen Z-ers, American Express (NYSE: AXP) is set to roll out significant updates to its U.S. Consumer and Business Platinum Cards later this year.

American Express is offering limited-time welcome bonuses of up to 175,000 Hilton Honors points on three Hilton co-branded credit cards. Learn which card is best for your travel style and how to qualify before the Aug.

Sturdy payment card mainstay American Express's (NYSE: AXP) stock was looking a bit rickety on the last trading day of the week. The company's shares lost more than 3% of their value on Friday following a report in a top financial newspaper regarding the potential defection of an important customer base.