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American Express Platinum Card gets pricier and adds new perks, including a $400 dining credit

American Express claims the Platinum Card's $895 fee offers $3,500 in annual benefits, including increased hotel credits and new perks at popular retailers and services.

  • American Express unveiled an updated Platinum Card on September 18, 2025, raising the annual fee to $895 and adding new perks including a $400 dining credit.
  • The update reflects rising restaurant spending and intense competition from Chase and Citigroup, which released premium cards with similar dining and event credits in recent months.
  • The refreshed card offers roughly $3,500 in annual benefits, including $600 hotel credit, $400 Resy dining credit redeemable at 10,000 restaurants, and credits for Lululemon, Uber One, streaming, and health tracking.
  • AmEx executives emphasize ease of benefit use and value, with Grosfield stating they want to make benefits clearly accessible and Squeri asserting the card offers the richest rewards available today.
  • The upgrade aims to attract affluent, free-spending younger generations who now account for 35% of AmEx's U.S. consumer spending, while some users consider downgrades due to higher fees.
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American Express Platinum Card gets pricier and adds new perks, including a $400 dining credit

American Express’ latest update to its high-end Platinum Card, unveiled Thursday, comes with a lot more perks and a lofty annual fee of $895.

·United States
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Bloomberg broke the news in United States on Thursday, September 18, 2025.
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