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AmEx Platinum Hikes Fee to $895, Adds Hundreds in Credits
The card offers a shiny new design as well as new partners like lululemon and Oura — but its yearly cost is going up by $200.
Sara Rathner is a NerdWallet travel and credit cards expert. She has appeared on the “Today” show and CNBC’s “Nightly Business Report,” and has been quoted in The New York Times, The Washington Post, The Wall Street Journal, Yahoo Finance, Time, Reuters, NBC News, Business Insider and MarketWatch. Before joining NerdWallet, Sara worked at The Motley Fool for nearly 10 years. She also worked as a freelance personal finance writer and paraplanner and has a bachelor's degree in journalism from Northwestern University.
Kenley Young directs daily credit cards coverage for NerdWallet. Previously, he was a homepage editor and digital content producer for Fox Sports, and before that a front page editor for Yahoo. He has decades of experience in digital and print media, including stints as a copy desk chief, a wire editor and a metro editor for the McClatchy newspaper chain.
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The American Express Platinum Card® is updating its existing benefits and adding some new ones — but it’ll cost you. The annual fee is going up by $200.
New cardholders who apply on Sept. 18, 2025, or later will be charged the new annual fee of $895 (see rates and fees) . Existing cardholders will be charged the new fee at their next renewal date on or after Jan. 2, 2026.
Otherwise, both new and existing cardholders will have access to the card’s updated benefits beginning Sept. 18.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
The American Express Platinum Card® is marking the occasion with a limited-edition mirror card design for new applicants that’s also available to existing cardholders upon request. It’s not the metal card’s first glow-up — back in 2022, artists Julie Mehretu and Kehinde Wiley created two designs still available today.
Beyond its physical appearance, the American Express Platinum Card® is changing a number of its perks.
Brand-new benefits
$120 Uber One credit: Get up to $120 in statement credits per year when you purchase an auto-renewing Uber One membership. (Enrollment required.) This is in addition to the Uber Cash benefit (more on that below). Uber One includes perks such as $0 delivery fees, discounts on rides and car rentals (in the form of Uber One credits), discounts on delivery and pickup orders, and lower prices on rides during surge pricing. Uber One ordinarily costs $9.99 per month.
Hotel status: Get Leaders Club Sterling Status from The Leading Hotels of the World, a collection of more than 400 independent hotels. This affords you extras like room upgrades and daily breakfast for two. Enrollment required.
$400 Resy credit and Resy Platinum Nights: Get up to $100 in statement credits per quarter when you make eligible Resy purchases. This includes dining purchases at Resy restaurants. Enrollment required. You’ll also get access to dedicated Platinum Nights at participating restaurants in New York, Los Angeles and Miami. Plus, the Global Dining Access benefit makes it possible to book exclusive reservations and experiences. For Platinum Nights and Global Dining Access, you must add the American Express Platinum Card® to your Resy profile.
$300 lululemon credit: Get up to $75 per quarter in statement credits when you make eligible lululemon purchases in the U.S., in stores or online. Enrollment required. Terms apply.
$200 Oura credit: Get up to $200 in statement credits each calendar year when you buy an Oura Ring through ouraring.com. Enrollment required. The Oura Ring is a smart wearable that collects data on health and wellness metrics, such as sleep, stress levels and exercise.
Enhanced current benefits
$600 hotel credit: Get two semi-annual $300 credits on prepaid Fine Hotels + Resorts or The Hotel Collection bookings made through Amex Travel. Previously, the card offered a $200 annual credit.
$300 digital entertainment credit: Get a $25 monthly credit toward select digital subscriptions. Before, this was a $20 monthly credit, adding up to $240 per year. Existing partners included Disney+, the Disney Bundle+, ESPN+, Hulu, The New York Times, Peacock and The Wall Street Journal. New partners have been added as well: Paramount+, YouTube Premium and YouTube TV. Enrollment required.
Dear AmEx Platinum, We Need to Talk: You’ve always been bougie and expensive, but this is taking it to a new level. ... We had some great times, but seeing you like this reminds me why I left you to begin with. I’m sure someone out there can’t wait to show off their new Lululemon leggings and Oura Ring while they tell their friends how much value you bring to their life. But that someone can’t be me.
Dear AmEx Platinum, We Need to Talk: You’ve always been bougie and expensive, but this is taking it to a new level. ... We had some great times, but seeing you like this reminds me why I left you to begin with. I’m sure someone out there can’t wait to show off their new Lululemon leggings and Oura Ring while they tell their friends how much value you bring to their life. But that someone can’t be me.
Craig Joseph
Lead Writer
Sally French
Lead Writer/Spokesperson
Why I’m Actually Excited About the New AmEx Platinum Changes: This new version of the card feels like a natural evolution of what made it great in the first place. It's still a status symbol, still offers unparalleled lounge access and it still provides the kind of service that makes you feel valued as a customer. And sure, AmEx may now be charging more, but they're also delivering more.
Why I’m Actually Excited About the New AmEx Platinum Changes: This new version of the card feels like a natural evolution of what made it great in the first place. It's still a status symbol, still offers unparalleled lounge access and it still provides the kind of service that makes you feel valued as a customer. And sure, AmEx may now be charging more, but they're also delivering more.
Why We’re Keeping Both an AmEx Platinum and a Sapphire Reserve: Ultimately, holding two premium travel cards is worth it for us. Both cards have some shortcomings, but my boyfriend and I are able to offset the annual fees with the cards’ credits and points. Plus, we have more redemption options with two separate sets of transfer partners. And importantly, only premium travel cards could give us access to airport lounges and automatic elite status with several different hotel loyalty programs. ... The annual fees are high, but the breadth of travel redemptions and credits we get with both is a luxury that I’m not willing to give up just yet.
Why We’re Keeping Both an AmEx Platinum and a Sapphire Reserve: Ultimately, holding two premium travel cards is worth it for us. Both cards have some shortcomings, but my boyfriend and I are able to offset the annual fees with the cards’ credits and points. Plus, we have more redemption options with two separate sets of transfer partners. And importantly, only premium travel cards could give us access to airport lounges and automatic elite status with several different hotel loyalty programs. ... The annual fees are high, but the breadth of travel redemptions and credits we get with both is a luxury that I’m not willing to give up just yet.
Dear AmEx Platinum, We Need to Talk: You’ve always been bougie and expensive, but this is taking it to a new level. ... We had some great times, but seeing you like this reminds me why I left you to begin with. I’m sure someone out there can’t wait to show off their new Lululemon leggings and Oura Ring while they tell their friends how much value you bring to their life. But that someone can’t be me.
Dear AmEx Platinum, We Need to Talk: You’ve always been bougie and expensive, but this is taking it to a new level. ... We had some great times, but seeing you like this reminds me why I left you to begin with. I’m sure someone out there can’t wait to show off their new Lululemon leggings and Oura Ring while they tell their friends how much value you bring to their life. But that someone can’t be me.
Craig Joseph
Lead Writer
Sally French
Lead Writer/Spokesperson
Why I’m Actually Excited About the New AmEx Platinum Changes: This new version of the card feels like a natural evolution of what made it great in the first place. It's still a status symbol, still offers unparalleled lounge access and it still provides the kind of service that makes you feel valued as a customer. And sure, AmEx may now be charging more, but they're also delivering more.
Why I’m Actually Excited About the New AmEx Platinum Changes: This new version of the card feels like a natural evolution of what made it great in the first place. It's still a status symbol, still offers unparalleled lounge access and it still provides the kind of service that makes you feel valued as a customer. And sure, AmEx may now be charging more, but they're also delivering more.
Why We’re Keeping Both an AmEx Platinum and a Sapphire Reserve: Ultimately, holding two premium travel cards is worth it for us. Both cards have some shortcomings, but my boyfriend and I are able to offset the annual fees with the cards’ credits and points. Plus, we have more redemption options with two separate sets of transfer partners. And importantly, only premium travel cards could give us access to airport lounges and automatic elite status with several different hotel loyalty programs. ... The annual fees are high, but the breadth of travel redemptions and credits we get with both is a luxury that I’m not willing to give up just yet.
Why We’re Keeping Both an AmEx Platinum and a Sapphire Reserve: Ultimately, holding two premium travel cards is worth it for us. Both cards have some shortcomings, but my boyfriend and I are able to offset the annual fees with the cards’ credits and points. Plus, we have more redemption options with two separate sets of transfer partners. And importantly, only premium travel cards could give us access to airport lounges and automatic elite status with several different hotel loyalty programs. ... The annual fees are high, but the breadth of travel redemptions and credits we get with both is a luxury that I’m not willing to give up just yet.
Dear AmEx Platinum, We Need to Talk: You’ve always been bougie and expensive, but this is taking it to a new level. ... We had some great times, but seeing you like this reminds me why I left you to begin with. I’m sure someone out there can’t wait to show off their new Lululemon leggings and Oura Ring while they tell their friends how much value you bring to their life. But that someone can’t be me.
Dear AmEx Platinum, We Need to Talk: You’ve always been bougie and expensive, but this is taking it to a new level. ... We had some great times, but seeing you like this reminds me why I left you to begin with. I’m sure someone out there can’t wait to show off their new Lululemon leggings and Oura Ring while they tell their friends how much value you bring to their life. But that someone can’t be me.
Craig Joseph
Lead Writer
Sally French
Lead Writer/Spokesperson
Why I’m Actually Excited About the New AmEx Platinum Changes: This new version of the card feels like a natural evolution of what made it great in the first place. It's still a status symbol, still offers unparalleled lounge access and it still provides the kind of service that makes you feel valued as a customer. And sure, AmEx may now be charging more, but they're also delivering more.
Why I’m Actually Excited About the New AmEx Platinum Changes: This new version of the card feels like a natural evolution of what made it great in the first place. It's still a status symbol, still offers unparalleled lounge access and it still provides the kind of service that makes you feel valued as a customer. And sure, AmEx may now be charging more, but they're also delivering more.
Why We’re Keeping Both an AmEx Platinum and a Sapphire Reserve: Ultimately, holding two premium travel cards is worth it for us. Both cards have some shortcomings, but my boyfriend and I are able to offset the annual fees with the cards’ credits and points. Plus, we have more redemption options with two separate sets of transfer partners. And importantly, only premium travel cards could give us access to airport lounges and automatic elite status with several different hotel loyalty programs. ... The annual fees are high, but the breadth of travel redemptions and credits we get with both is a luxury that I’m not willing to give up just yet.
Why We’re Keeping Both an AmEx Platinum and a Sapphire Reserve: Ultimately, holding two premium travel cards is worth it for us. Both cards have some shortcomings, but my boyfriend and I are able to offset the annual fees with the cards’ credits and points. Plus, we have more redemption options with two separate sets of transfer partners. And importantly, only premium travel cards could give us access to airport lounges and automatic elite status with several different hotel loyalty programs. ... The annual fees are high, but the breadth of travel redemptions and credits we get with both is a luxury that I’m not willing to give up just yet.
The welcome bonus for new cardholders isn’t changing at this time: You may be eligible for as high as 175,000 Membership Rewards® Points after spending $12,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer. Terms apply.
Ongoing rewards
The American Express Platinum Card® will still earn:
5 Membership Rewards points per dollar on flights booked directly through airlines, or through American Express, on up to $500,000 in purchases per year.
5 points per dollar on hotels booked through American Express.
1 point per dollar on all other purchases.
Terms apply.
Statement credits
$200 airline fee credit: Get up to $200 in credits per year to cover incidental fees with one qualifying airline of your choice. Enrollment required.
$200 Uber Cash: This is issued as $15 monthly installments (and $35 in December) after you add your card to your Uber account. Enrollment required.
$209 CLEAR Plus® credit: Use your card to pay for a CLEAR Plus® membership and get credits to cover the cost. CLEAR Plus® uses biometric information (your face, eyes or fingers) to speed you through airport security at more than 50 airports nationwide.
$155 Walmart+ credit: Get a $12.95 statement credit each month to cover the cost of a Walmart+ membership, which includes perks such as free shipping with no order minimums and access to the Paramount+ Essential streaming service (separate registration required).
$100 Saks Fifth Avenue credit: Get up to $50 in statement credits for January through June, and up to $50 in statement credits for July through December, for in-store or online Saks Fifth Avenue purchases. Enrollment required. (Note: This credit is going away after June 30, 2026)
$300 Equinox gym credit: Get up to $300 in credits per year for an Equinox club membership or digital subscription to Equinox+, which offers on-demand fitness classes.
Airport lounges: The Global Lounge Collection includes American Express’ Centurion lounges, Priority Pass lounges (enrollment required), Plaza Premium lounges and Escape lounges. You can also access Delta Sky Club lounges when flying an eligible Delta flight, and Lufthansa lounges when flying Lufthansa.
TSA PreCheck or Global Entry credit: Get a $120 credit for a Global Entry application every four years, or up to $85 for a TSA PreCheck application every four and a half years.
Hotel benefits: Get Hilton Honors™ Gold Status and Marriott Bonvoy Gold Elite status. (Enrollment required.) You’ll also get perks such as credits toward on-property purchases when you book eligible stays with Fine Hotels + Resorts® or The Hotel Collection through American Express.
To view rates and fees of the American Express Platinum Card®, see this page.
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