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American Express has successfully increased its annual fee to $895 by restructuring the value of its Platinum Card, creating a paradox where raising the price increases customer engagement and retention. This is achieved through forced habitual engagement, loss aversion, and a shadow retention layer. The lesson is that price is just a number, but value is a structure.
Chapters
LinkedIn Article
By HiteshAmerican Express has successfully increased its annual fee to $895 by restructuring the value of its Platinum Card, creating a paradox where raising the price increases customer engagement and retention. This is achieved through forced habitual engagement, loss aversion, and a shadow retention layer. The lesson is that price is just a number, but value is a structure.
Chapters
LinkedIn Article