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American Express to Refresh Platinum Cards with Major Updates

  • American Express revealed plans to introduce significant enhancements to its premier Platinum credit cards for U.S. individual and corporate customers, with the changes scheduled for release later this year.
  • These changes follow JPMorgan Chase's recent announcement to overhaul its Chase Sapphire Reserve Card this summer amid escalating competition.
  • The refresh includes expansions of global Centurion Lounges, new brand partnerships, enhanced travel, dining, business rewards, and flexible spending features.
  • American Express described its upcoming credit card refresh as the most significant investment it has made to date, with Howard Grosfield expressing the goal of elevating the cards to a higher standard.
  • The updates aim to attract younger consumers and maintain competitive edge, though annual fees may rise amid uncertain economic conditions in 2025.
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themarketsdaily.com broke the news in on Sunday, June 15, 2025.
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