Get ready for changes to the card_name. The annual fee is jumping to annual_fees, but you can unlock $3,500+ in annual value if you can utilize the credits and benefits associated with the card. Along with this jump in the annual fee comes a welcome offer as high as 175,000 American Express Membership Rewards® when you spend $8,000 on your new card within the first six months of membership. 

For rates and fees of card_name, see Rates and Fees. Welcome offers vary, and you may not be eligible for an offer. Find out your offer when you apply. Enrollment is required for select benefits.

 
 

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New/Enhanced Platinum Card® Benefits

Benefit	Description
$600 Hotel Credit	Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel. *The Hotel Collection requires a minimum two-night stay.
$400 Resy Credit	Get up to $100 back each quarter on eligible purchases with Resy, including dining purchases at U.S. Resy restaurants. Enrollment required.
$300 Lululemon Credit	Get up to $75 back each quarter for eligible purchases at Lululemon in the U.S. Enrollment required.
$300 Digital Entertainment Credit	Get up to $25 back each month on one or more of the following: Disney+, a Disney+ bundle, ESPN+, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV. Enrollment required.
$200 Oura Ring Credit	Get up to $200 back each year when you purchase an Oura Ring through Oura. Enrollment required.
$120 Uber One Credit	Get up to $120 back annually when you purchase an auto-renewing Uber One membership.
Leaders Club Sterling Status From The Leading Hotels Of The World®	Receive complimentary Leaders Club Sterling Status from Leading Hotels of the World®. Enrollment required.
Platinum Nights by Resy	Get special access to reservations on select nights at participating in demand Resy restaurants through Platinum Nights.

 

Platinum Card® Benefits That Aren’t Changing But That We Still Value

• 5x Membership Rewards® on flights booked directly with airlines or through American Express Travel^® and prepaid hotels through American Express Travel®.
• $200 Uber Cash—Receive $15 in Uber Cash each month plus a bonus $20 in December when you add the Card to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction.
• $209 CLEAR® Plus credit—Statement credits for an auto-renewing CLEAR Plus membership.
• American Express® Global Lounge Collection®—Access to Centurion Lounges, 10 complimentary Delta Sky Club visits when flying Delta, Priority Pass Select membership, and other select partner lounges.
• $200 airline fee credit—Statement credits for incidental fees charged by your selected qualifying airline.
• $155 Walmart+ credit—Statement credit for one auto-renewing monthly Walmart+ membership, up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
• $100 Saks credit—Statement credits up to $50 semi-annually for purchases made at Saks Fifth Avenue or saks.com.
• Hilton Honors™ Gold Status
• Marriott Bonvoy® Gold Elite Status
• Fee credit for Global Entry or TSA PreCheck®

Enrollment may be required to receive benefits or credits.

 

My Thoughts on These Changes

No one loves an annual fee increase. However, the benefits and credits are things that I will really use. $300 Lululemon credit? Sign me up! I can use that one for sure, which brings my annual fee to $595.

I already consistently use the $200 airline fee credit and the $100 Saks Fifth Avenue credit, so that makes my effective annual fee $295. I also use the Fine Hotels + Resorts®  credit. It has now been increased to $600 a year, so that will be an easy credit for me to use, and that puts me in the plus column. Then with the Uber Cash credit that I consistently use for Uber Eats each month, I am doing even better. I also regularly use the entertainment credit, which is another benefit that makes this card a no-brainer for me.

Jess has an Oura Ring and loves it. I’ve looked at getting one, and this credit will make that decision easier.

 

Bottom Line

Don’t look at an annual_fees annual fee and think, “no way!” Look at the benefits and see if they will work for you. They did for me at the $695 annual fee, and the new benefits are worth more than $200 in value, so it remains a keeper in my wallet!

 

For rates and fees of card_name, See Rates and Fees.

Opinions, reviews, analyses, and recommendations are the author’s alone and have not been reviewed, endorsed, or approved by American Express®.

 

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