The new version of The Platinum Card® from American Express is here, and it’s better than expected.
A month ago, American Express announced a slew of new perks — including $200 a year in Uber credits — and a higher annual fee for the premium card. These changes debuted today, as planned.NerdWallet’s valuations. You may be able to pre-qualify for a larger sign-up bonus through NerdWallet’s prequalification tool.
The change does two things for the gussied-up version of The Platinum Card® from American Express: It makes the increased $550 annual fee easier to stomach, and it makes the card more competitive with the Chase Sapphire Reserve℠, Chase’s popular premium card, released last year.
For most frequent travelers, the Chase Sapphire Reserve℠ still offers better value. Its sign-up bonus is worth $750, when redeemed for travel through Chase. The Platinum Card® from American Express’s sign-up bonus is worth $600, according to NerdWallet’s valuations. But if you love traveling in luxury, the new benefits on The Platinum Card® from American Express make it worth considering. See our updated review of The Platinum Card® from American Express for more information.
HEAR IT FROM NERDS WHO CARRY THE CARD
NerdWallet team members who carry The Platinum Card® from American Express say using the perks is the key to getting your money’s worth:
Information related to the Chase Sapphire Reserve℠ has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.