American Express Platinum Card Offers Expanded Benefits and $200 Fee Hike

American Express has unveiled a revamped Platinum card with a $895 annual fee, offering expanded benefits in dining, hotels, and wellness. The new card provides $3,500 worth of annual benefits, including credits with Resy and Dell, and surpasses the Chase Sapphire Reserve card's $795 annual fee. The mirror design will be available for six months or until supplies last.

American Express has recently announced significant changes to its Platinum card, including a substantial increase in the annual fee and the addition of new benefits. The new annual fee for the Platinum card is $895, effective from December 2025 and January 2026, depending on the user American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1]. This fee increase positions the card among the highest-tier premium consumer credit cards, surpassing the $795 annual fee of the Chase Sapphire Reserve card Which Premium Credit Card Is Right for You?^[3].

The revamped Platinum card offers a comprehensive suite of benefits valued at over $3,500 annually. Key new perks include:

- Dining Credits: Cardholders receive $400 annually in dining credits at Resy restaurants.
- Health-related Expenses: Up to $300 in expenses at Lululemon Athletica Inc. and $200 toward the purchase of health-focused Oura rings.
- Hotel Credits: The maximum annual credit for bookings through the Fine Hotels & Resorts collection has been increased to $600, up from $200.
- Digital-Entertainment Credit: A monthly credit of $25 for digital entertainment services.
- Uber Membership: $120 in statement credits each calendar year for an auto-renewing Uber One membership, in addition to the existing $200 Uber Cash benefit.
- Sterling Status: Complimentary "sterling status" at the Leading Hotels of the World collection, which typically requires a minimum of $5,000 in annual spending.

American Express has confirmed that all existing benefits will continue or be improved. Business Platinum cardholders will also benefit from enhanced perks, including a generous $600 hotel credit American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1].

The 29% fee hike comes as banks compete for wealthy customers, who represent a significant portion of spending in the U.S. According to Bloomberg, the top 10% of earners contributed to over 49% of total expenditures last quarter American Express hikes Platinum card annual fees to $895, unveils new benefits — Here's what cardholders will get^[1].

American Express's stock gained 1.5% in premarket trading following the announcement American Express boosts annual fee for Platinum card as it packs in more perks^[2]. The new Platinum card's mirror design will be available for six months or until supplies last.