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1h ago

Amex Overhauls Platinum Cards With $895 Fee, Bigger Bonuses and New Partner Credits

Benefits begin in early October with coupon-style credits that require active enrollment to offset the higher price.

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Overview

  • The consumer Platinum is marketed with an offer as high as 175,000 Membership Rewards points after $8,000 in six months, revealed via a personalized flow that uses Amex’s apply‑with‑confidence feature and is subject to once‑per‑lifetime eligibility rules.
  • The Business Platinum offers 200,000 points after $20,000 in three months, a rich bonus tied to a steep spending requirement that many small businesses may find challenging.
  • New recurring credits include up to $400 annually at Resy restaurants ($100 quarterly) and up to $600 in Fine Hotels + Resorts credits ($300 semiannually), plus retail perks such as Lululemon ($75 quarterly, up to $300), Saks (up to $100 per year), Walmart+ ($12.95 monthly) and Oura ($200 per year), with online enrollment required.
  • American Express revamped its app to surface benefits and Resy access, and added entertainment partners including Paramount+, YouTube Premium and YouTube TV.
  • The fee hike tracks a broader premium‑card reset, with Chase Sapphire Reserve now $795 and Citi Strata Elite at $595, and experts advising applicants to confirm they can use the perks and avoid carrying balances that erode rewards.