Amex Platinum Card Overhaul: $895 Fee, New Perks
American Express is set to launch revamped Platinum and Business Platinum cards on September 18, 2025, with a significant increase in the annual fee to $895. The leaked details for the consumer Platinum card reveal a range of enticing new benefits alongside the increased cost. Key additions include a $600 annual hotel credit (usable with Fine Hotels & Resorts/The Hotel Collection), a $400 Resy credit, and a $120 Uber One credit. Existing benefits like airline incidental fee credits ($200), digital entertainment credits ($240), Global Entry/TSA PreCheck credits, CLEAR credits, and elite status with Marriott Bonvoy and Hilton Honors are expected to remain. Furthermore, a $300 Lululemon credit is rumored, along with potential new perks tied to spending thresholds. The card also offers enhanced earning rates: 5x points on airfare and eligible hotels booked through Amex Travel, and 1x point on other purchases. Additional cards carry a $195 annual fee, while companion cards are free. The significant fee increase raises questions about the value proposition for cardholders, prompting considerations of whether to retain or cancel the card. The leaked information presents a compelling upgrade, but the high annual fee necessitates a careful evaluation of the benefits to determine personal value.
(Source: https://dannydealguru.com/amex-platinum-card-revamp/)
