Amex Enhances Platinum Card with New Perks and Fee Increase

American Express has revamped its Platinum Card, adding numerous new perks across travel, dining, wellness, and entertainment, while increasing the annual fee to a record $895. Existing cardholders will see the higher fee after their next renewal, but new applicants pay immediately. The updates include expanded hotel credits, dining and wellness credits, exclusive reservations, and a new card design, emphasizing the card as a lifestyle membership rather than just a travel card. Despite the fee hike, the card's benefits aim to create a comprehensive ecosystem to retain affluent customers amid rising competition in the premium credit card market.