💳 Amex Platinum Refresh (2025)

Advertiser Disclosure

Amex just announced a major refresh to both The Platinum Card® from American Express and The Business Platinum Card® from American Express, and these are some of the biggest changes we’ve seen in years. Fees are up, perks have shifted, and both cards now have over $3,500 worth of annual credits. Those new credits are able to be used immediately, but note that some might require enrollment, so confirm that you've enrolled before using them. 

The other big change is that the annual fee on both cards is jumping from $695 to $895, making them two of the priciest cards on the market. The higher fee kicks in right away for new applicants, while existing cardholders will have the new annual fee kick in at their next renewal that is after 12/2/25 for business and 1/2/26 for personal. 

🤩 What’s New on The Platinum

The Platinum Card^®

Earn 175,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new card within the first 6 months of card membership.

Learn More to Apply

New Perks

• $400 Resy Credit ($100/quarter)
• $300 lululemon Credit ($75/quarter)
• $120 Uber One Membership Credit ($10/month)
• $200 ŌURA Credit
• Leaders Club Sterling status with Leading Hotels of the World

Enhanced Perks

• $600 Hotel Credit ($300/6 months) for prepaid Fine Hotels + Resorts or Hotel Collection bookings (previously $200/year).
• $300 Digital Entertainment Credit ($25/month), which is up from $20, with expanded partners including Paramount+, YouTube Premium, and YouTube TV

Existing Perks (unchanged) 

• $200 Airline Fee Credit (incidental fees at one airline of choice)
• $200 Uber Cash ($15/month + $20 December bonus)
• $100 Saks Fifth Avenue Credit ($50 semi-annual)
• $300 Equinox Credit
• Walmart+ Credit ($12.95/month)
• $209 CLEAR+ Credit
• 5X Membership Rewards® on flights (up to $500K annually) and prepaid hotels via Amex Travel
• Free access to Centurion Lounges, Delta Sky Club (with eligible Delta flights), and Priority Pass

Removed/Changed Perks: All prior benefits are being kept the same. 

My Summary: I'm a big fan of the increased perks and I think conservatively it will be easy for me to get over $1200 of value from the card each year, so it's going to be a keeper for me. If you don't have the card, I think starting off with a 175k welcome bonus, makes it an incredible deal. Even better since some of these benefits are based on a calendar year, you'd get them in two different years for one annual fee.

💼 What’s New on The Business Platinum

The Business Platinum Card^®

Earn 200,000 Membership Rewards® Points after you spend $20,000 in eligible purchases on your new card within the first 3 months of card membership.

Learn More to Apply

New Perks

• $600 Hotel Credit ($300/6 months) for prepaid Fine Hotels + Resorts or Hotel Collection bookings
• $1,150 Dell Technologies Credit ($150 annual + $1,000 after $5,000)
• $250 Adobe Credit (annual credit after $600+ in purchases with Adobe)
• Leaders Club Sterling status with Leading Hotels of the World
• $250K annual spend unlocks:
  • $1,200 Flight Credit via Amex Travel
  • $2,400 One AP® Credit (monthly fees for Amex’s accounts payable tool)

Enhanced Perks

• 2X Membership Rewards® on purchases in key business categories (construction, electronics, software/cloud, shipping) + purchases of $5,000+. Capped at $2M spend/year. (Previously this spend was all 1.5x)

Existing Perks (unchanged)

• $360 Indeed Credit ($90/quarter)
• $120 Wireless Credit ($10 month)
• $200 Hilton Credit ($50/quarter)
• $200 Airline Fee Credit (incidental fees at one airline of choice)
• $209 CLEAR+ Credit
• 5X Membership Rewards® on flights and prepaid hotels via Amex Travel
• 1X Membership Rewards® on all other purchases
• No Preset Spending Limit + Pay Over Time option

Removed/Changed Perks

• 35% Airline Rebate (devalued): Still 35% points back, limited to one US airline you select each year (was previously available for premium cabin tickets on all airlines).
• Employee Card Fee Increase: Employee Platinum Cards now $400/year (up from $350).

My Summary: I'm not too excited about the changes here and not sure I'll get enough ongoing value from the Business Platinum to keep it open forever, but the massive 200k welcome bonus more than makes up for the first year annual fee, so if I were eligible, I'd definitely be considering an application.

💭 Final Thoughts

Amex has clearly doubled down on “perks for a price,” making the Platinum lineup better on paper while testing just how much cardholders will tolerate higher fees in exchange for a stack of credits.

• The Platinum Card®: A great fit if you’ll actually use the credits for hotels, dining, lululemon, entertainment, Uber and airlines, or take advantage of perks like the Centurion lounge. But if not, too many hoops for an $895 fee.
• The Business Platinum Card®: The 200K offer makes this a great welcome offer but I'm less excited about keeping these cards open for the long term unless the add more perks or start offering big retention offers.