Story perspectives

American Express Platinum Card Fee Rises to $895 with New Perks

9/19/2025

Summary

Story summary

American Express will increase the annual fee for its Platinum Card from $695 to $895 starting January 2, 2026, while adding over $3,500 in new benefits.
New perks include $400 in dining credits at Resy, $300 for Lululemon, and $200 for Oura rings, plus $600 in annual hotel credits.
The card now provides up to $300 in streaming subscription credits, positioning it as a lifestyle card.
Analysts suggest the fee hike may discourage users who rarely use the card's benefits.
A revamped mobile app will simplify benefit tracking, addressing previous user concerns.

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Story summary

American Express will increase the annual fee for its Platinum Card from $695 to $895 starting January 2, 2026, while adding over $3,500 in new benefits.
New perks include $400 in dining credits at Resy, $300 for Lululemon, and $200 for Oura rings, plus $600 in annual hotel credits.
The card now provides up to $300 in streaming subscription credits, positioning it as a lifestyle card.
Analysts suggest the fee hike may discourage users who rarely use the card's benefits.
A revamped mobile app will simplify benefit tracking, addressing previous user concerns.