Amex Platinum Revamp: New Perks & Higher Fee?
American Express is revamping its Platinum consumer and business credit cards, with changes expected to roll out in a couple of weeks. Leaks suggest a significant increase in annual value, rising to $3,500 from $1,500 (personal) and $2,000 (business). The new annual fee for both cards will be $895. Key benefits for the personal Platinum card include a $600 Fine Hotels & Resorts/The Hotel Collection credit, a $400 Resy credit, and a new $300 Lululemon credit ($75 quarterly). A redesigned “Mirror Finish” is also anticipated. The business Platinum card will also feature the $600 FHR/THC credit, but a notable change is the removal of the 35% airline bonus for points redemption on non-qualifying airlines through Amex Travel. While these are the most concrete changes confirmed through various sources, including X (formerly Twitter), additional perks may be added or altered before the official launch. Unverified rumors, including a Walmart cash back benefit, have circulated but lack confirmation. The upcoming changes represent a substantial shift in the Amex Platinum card offerings, impacting both the value proposition and the overall cost for cardholders. The increased annual fee needs to be weighed against the enhanced benefits to determine the overall value for each individual. The launch date is currently confirmed for September 18, 2025.
(Source: https://dannydealguru.com/amex-platinum-cards-revamp/)
