American Express Platinum Updates: New Credits & $895 Annual Fee

American Express has just rolled out a suite of enhanced benefits for its U.S. Platinum cardholders, alongside an increase in the annual fee to $895. While the price tag has grown, the new perks aim to make the card even more rewarding for frequent travelers, dining enthusiasts, and lifestyle aficionados. Here’s a detailed look at what’s new.

New & Expanded Credits

1. Resy Credit – $400 Per Year

Platinum cardholders can now enjoy $100 per quarter in dining credits through Resy. To receive the credit, cardholders must register. This is a substantial increase in dining perks and a great way to discover new restaurants or revisit favorites.

2. Digital Entertainment Credit – $25/Month

The monthly credit for streaming and digital entertainment has increased from $20 to $25 per month, totaling $300 per year. Eligible subscriptions can include services like Apple TV+, Disney+, and more.

3. Hotel Credit Through Fine Hotels & Resorts (FHR) – $600 Per Year

The Platinum card now offers a $600 annual hotel credit through FHR, broken into $300 every six months, up from the previous $200 annual total. This is a significant boost for travelers who love luxury stays.

Business Platinum Update: The AMEX Platinum Business Card now also includes $600 hotel credit, a perk it previously lacked, making it more competitive for corporate travel.

4. Uber One Credit – $120/Year

Platinum cardholders receive $10/month in Uber One credit, covering the subscription cost entirely. Benefits include:

• $0 Delivery Fees

• Up to 10% savings on eligible orders

• Uber One credits on rides

5. Leaders Club Sterling Status

Elite travelers can enjoy Leaders Club Sterling Status, though enrollment is required to activate this perk.

6. Lululemon Credit – $300 Per Year

Fitness enthusiasts will appreciate the $75 quarterly credit at Lululemon. Registration is required to take advantage of this benefit.

7. Oura Ring Credit – $200

Platinum cardholders can also receive a $200 credit toward the purchase of an Oura Ring, perfect for tracking health and wellness goals.

Is the Higher Annual Fee Worth It?

The Platinum card’s annual fee has risen to $895, but the combination of travel, lifestyle, and dining credits makes it easier to offset the cost—especially if you take full advantage of hotel stays, dining perks, and subscription credits.

In short, Amex is doubling down on lifestyle and travel benefits, offering more ways to save and enjoy exclusive experiences. Whether it’s luxury hotel stays, dining out, or streaming your favorite shows, the enhanced Platinum card is designed to deliver more value for cardholders willing to leverage its credits.

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