Amex Platinum Card Overhaul: $895 Fee, New Perks!
American Express is set to launch a revamped Platinum Card and Business Platinum Card on September 18, 2025, featuring a hefty $895 annual fee. Leaked details reveal a significant boost in benefits, aiming to justify the increased cost. The consumer Platinum Card will include a $600 Fine Hotels & Resorts credit, a $400 Resy credit, and a new $300 Lululemon credit. Existing benefits like the $200 airline incidental fee credit and Uber savings remain. New additions include a $300 SoulCycle credit, Equinox credits up to $300, and a $120 Uber One credit. A $240 digital entertainment credit covers various services like Disney+, Hulu, and The New York Times. The card also provides credits for Walmart+, Global Entry or TSA PreCheck, and CLEAR. Earning rates offer 5x points on airfare and hotels booked through Amex Travel and 1x point on other purchases. Lounge access includes Centurion Lounges, Delta SkyClubs, and Priority Pass. Elite status benefits encompass Marriott Bonvoy Gold Elite and Hilton Honors Gold. Additional Platinum cards cost $195 annually, while companion cards are free. The card's value proposition hinges on maximizing the various credits offered, offsetting the high annual fee. While the increased annual fee may deter some, the expanded benefits are targeted at frequent travelers and those who utilize the various credit offerings. The potential risk lies in not utilizing all credits, rendering the high annual fee less worthwhile. Whether the revamped card justifies its cost will depend on individual spending habits and travel patterns. The leaked information provides a comprehensive overview of the changes, enabling potential cardholders to determine if the new benefits align with their lifestyle and spending habits.
(Source: https://dannydealguru.com/amex-platinum-card-revamp/)
