Credit cards of the rich and famous
By Megg Mueller
Did you know JPMorgan Chase offers a credit card made out of gold and palladium? No? Not surprising, as the Palladium Card is only offered by invitation to a select few. Reading about it in a recent Bloomberg story, I found myself wondering, "Who does Chase think it is, American Express?" Well apparently, AmEx is thinking the same thing.
The Street reports American Express vice chairman Ed Gilligan told a group of investors recently that "...Chase in particular certainly has been executing well their strategy, but their strategy seems to be to follow American Express's strategy from a couple of years ago."