Amex has updated the Platinum Card — Discover the benefits of this premium travel card.

Amex Platinum Card Updates: The Platinum Card® from American Express is undergoing significant changes, including a price increase to $895 annually, enhanced benefits, and new annual credits that can provide over $3,500 in value for cardholders.

New Benefits and Credits: Key updates include a $600 hotel credit for Fine Hotels + Resorts bookings, a $400 dining credit through Resy, a $300 credit for Lululemon purchases, and a $120 Uber One membership credit, all aimed at offsetting the increased annual fee.

Business Platinum Card Changes: The Business Platinum Card® is also seeing an annual fee increase to $895, with new benefits such as up to $600 in hotel credits and enhanced rewards for business-related expenses, including 5x points on flights and prepaid hotels.

Comparison with Other Cards: The Amex Platinum and Business Platinum cards are positioned against competitors like the Chase Sapphire Reserve, with the best choice depending on individual spending habits and the alignment of benefits with personal or business needs.