American Express Increases Platinum Card Fee to $895, Gemini Credit Card Fee Remains at $0.

Gemini co-founder Cameron Winklevoss mocked American Express' annual fee increase for its Platinum card, joking that Gemini's credit card has a $0 annual fee. Gemini customers and crypto users expressed concerns about Gemini's own credit product, citing issues with credit limits and application glitches. American Express confirmed its Platinum and Business Platinum annual fees will increase from $695 to $895 starting with renewals in 2025.

American Express has announced a significant increase in the annual fee for its Platinum credit card, raising it to $895 effective December 2025 and January 2026. The hike, which is part of a broader refresh of the card's benefits, comes as the company aims to enhance its offerings to wealthy customers American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1].

The new annual fee is a 29% increase from the previous $695, positioning the Platinum card among the highest-tier premium consumer credit cards. This move places it above the $795 fee of JPMorgan Chase & Co.'s Sapphire Reserve card and the $650 annual fee of Amex's own Delta SkyMiles Reserve card American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1].

The increased fee comes with new perks, including dining credits of $400 a year at Resy restaurants, up to $300 for expenses at Lululemon Athletica Inc., and $200 toward the purchase of health-focused Oura rings. For bookings through its Fine Hotels & Resorts collection, Amex is increasing the maximum annual credit to $600, up from $200. Additionally, cardholders will receive $120 in statement credits each calendar year for an auto-renewing Uber One membership, in addition to the existing $200 Uber Cash benefit American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1].

In response to the fee hike, Gemini co-founder Cameron Winklevoss mocked American Express on Twitter, highlighting that Gemini's crypto credit card offers a $0 annual fee. Winklevoss's post was met with mixed reactions from Gemini customers and broader crypto users, who expressed concerns about Gemini's own credit product, citing issues with credit limits and application glitches Crypto founder mocks American Express’ controversial fee hike^[2].

While American Express has confirmed that existing benefits will continue or be improved, the significant fee increase has raised questions about the value proposition of the card. The move underscores the competitive nature of the premium credit card market and the efforts by financial institutions to attract high-spending customers American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1].