Coal mining at the turn of the 20th century was fraught with danger, poor pay, and adverse conditions. The industry was poorly regulated, leading to irresponsible practices from those in charge. Miners were reliant on company stores for goods, often using scrip instead of real currency, resulting in a closed economic system. Similarly, Chase's recent changes to its Sapphire Reserve credit card involved a significant fee increase, ostensibly balanced by complex rewards that require navigating numerous conditions and corporate partnerships to utilize effectively.
The increase in the Sapphire Reserve annual fee from $550 to $795 is intended to be balanced by increased rewards valued at $2,700, but these come with numerous conditions and limitations.
The rewards system for the Sapphire Reserve includes highly conditional offers such as $500 off hotel stays, contingent on booking at least two nights at selected hotels.
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