"As part of the revamp, the Platinum Card customers will get a $600 annual hotel credit - up from $300 - to use with AmEx's travel portal; a new $400 credit for using AmEx's restaurant reservation platform Resy; $300 to use at athletic apparel chain Lululemon; and an increased "digital entertainment credit" of $300 that AmEx cardmembers can put toward several streaming services or news outlets."
"All the new perks are available for AmEx customers to start using immediately. In all, AmEx says the value of the perks on the new Platinum Card total roughly $3,500. These perks are enough to justify the $200 increase in the annual fee, said Howard Grosfield, group president of U.S. Consumer Services at AmEx. The annual fee on the Platinum Card was $550 just five years ago."
The Platinum Card annual fee rose $200 to $895 from $695 and was $550 five years ago. New benefits include a $600 annual hotel credit (up from $300) for use through AmEx's travel portal, a $400 dining credit for Resy reservations, a $300 Lululemon credit, and an increased $300 digital entertainment credit for select streaming services and news outlets. Existing perks such as a $200 airline fee credit and the Saks Fifth Avenue credit remain. All new perks are available immediately. The total stated value of benefits is roughly $3,500, which may prompt some cardholders to choose among premium cards or carry multiple high-fee cards.
#american-express-platinum #premium-credit-card-perks #annual-fee-increase #travel-and-dining-credits
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