Amex Business Platinum: $895 Fee, New $600 FHR Credit
American Express has updated its Business Platinum card, increasing the annual fee to $895 from $695. This increase is accompanied by a new benefit: a $600 annual credit for Fine Hotels & Resorts (FHR) bookings. However, a previously popular benefit has been modified. The 35% rebate on flights, previously applicable to any business or first-class flights, now requires the selection of a specific airline. This change represents a nerf to the previous, more generous, travel credit. The review highlights the card's evolution, showcasing both the additions and alterations to its benefits package. While the increased annual fee might be a concern for some, the added $600 FHR credit offers a significant potential return, especially for those who frequently use luxury hotels. The modification to the flight rebate benefit, however, means that cardholders need to strategize more carefully to maximize its value. The overall value proposition of the Amex Business Platinum card remains a topic of discussion, with the changes prompting a re-evaluation of its attractiveness for different business owners. The source article doesn't explicitly detail other benefits of the card, but the changes discussed suggest a focus on higher-spending customers who value luxury travel and accommodation. The combination of an increased annual fee and a shift in the rebate structure represents a targeted adjustment by American Express, potentially aiming to balance profitability with the continued appeal of the card to its target demographic. The article serves as an important update for current and prospective cardholders who should carefully consider these changes before applying or continuing their membership. The 300k offer mentioned in the title is not elaborated upon in the excerpt provided. Further details about this offer would be required for a complete analysis of the card's value proposition.
