Amex Platinum Card Overhaul: New Perks, Higher Fee
American Express is set to revamp its Platinum card, with significant changes expected to roll out on September 18, 2025. The annual fee is increasing to $895, a notable jump. However, cardholders will see adjustments to several benefits. The $100 Saks Fifth Avenue credit is being replaced with a $120 Walmart credit, likely disbursed in $10 monthly increments. The $200 airline incidental credit is transforming into a $200 flight credit, potentially limited to Amex Travel bookings. The Equinox/SoulCycle credit will become a broader $300 “lifestyle/wellness” credit, possibly encompassing the previously rumored Lululemon credit. Uber credits are being replaced by a $240 annual rideshare credit, likely distributed at $20 per month. Other perks remain, including a $600 Fine Hotels & Resorts credit, a $400 Resy credit, a $300 Lululemon credit (if separate from the wellness credit), and the new mirror finish design. Delta complimentary upgrades are also mentioned as a benefit. While the increased annual fee is a significant drawback, the shift in benefits reflects Amex's strategy to cater to a broader range of spending habits. The changes suggest a move towards more versatile benefits, potentially attracting a wider customer base. The new Walmart credit, in particular, broadens the appeal to a larger segment of consumers. The replacement of the Uber credit with a broader rideshare credit suggests flexibility in transportation choices. However, the potential limitation of the flight credit to Amex Travel bookings may be a constraint for some. Overall, the changes present a mixed bag, requiring careful consideration by current and prospective cardholders to determine if the updated benefits justify the increased annual cost. Those interested in applying should explore the available offers, potentially earning 175,000 bonus points.
(Source: https://dannydealguru.com/more-amex-platinum-card-changes/)
