Amex Platinum Refresh: Here's Everything You Need to Know

American Express has officially rolled out a major refresh of the American Express Platinum Card® -- and the rumors were right. The card is now more expensive, but it also comes with a new slate of lifestyle and travel perks designed to boost its value.

The big headline: the annual fee has jumped to $895 (see rates and fees), one of the highest of any consumer rewards card I've seen. In return, Amex is layering in thousands of dollars' worth of new credits alongside its already-strong travel benefits.

Let's dig into what's new.

What's changing with the Platinum Card®

Annual fee increase: The annual fee has officially risen to $895. That puts the Platinum Card® above competitors like Chase Sapphire Reserve® ($795) and Capital One Venture X Rewards Credit Card ($395).
Expanded credits include (among others):
- $400 Resy Credit -- Up to $100 back each quarter on eligible dining through Resy (enrollment required).
- $600 Hotel Credit -- Up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® and The Hotel Collection bookings (two-night minimum on THC).
- $300 Digital Entertainment Credit -- Expanded coverage for popular streaming and news services (enrollment required).
- $300 lululemon Credit -- Up to $75 in statement credits each quarter for eligible lululemon purchases (enrollment required).
- $200 Oura Ring credit -- Up to $200 back each year when you use the Platinum Card® to purchase an Oura ring through Oura
Exclusive experiences:
- Platinum Nights by Resy -- Access to curated dining events.
- Leaders Club Sterling Status with The Leading Hotels of the World®.
Terms apply; enrollment may be required

American Express Platinum Card®

Apply Now for American Express Platinum Card®

On American Express' Secure Website.

Terms apply

Rates & Fees

4.90/5

Credit Score:

Recommended Credit Score required for this offer is: Good/Excellent

Apply Now for American Express Platinum Card®

On American Express' Secure Website.

Terms apply

Rates & Fees

Credit Score

Good/Excellent

Intro APR

Purchases: N/A

Balance Transfers: N/A

APR

See Pay Over Time APR

Rewards

1X-5X Membership Rewards® Points

Annual Fee

$895

Welcome Offer

As High As 175,000 points. Find Out Your Offer.

The American Express Platinum Card® isn’t just a credit card — it’s a status symbol. With over $3,500 in annual credits like $400 for dining with Resy, $600 in luxury hotel stays, and $300 in digital entertainment, plus VIP access to 1,550 airport lounges and automatic Hilton and Marriott Bonvoy elite status (enrollment required), it delivers prestige few cards can match. The fee is steep, but for those who want the best, the Platinum Card® can more than pay for itself — starting with a powerful welcome offer. Terms apply.
- Big welcome offer
- Substantial spending credits
- Airport lounge access
- Hotel benefits
- Flexible travel points
- Annual fee
- Limited bonus categories
- Spending credits can be complicated to manage
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
- More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
- More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
- More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
- More Value! $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® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
- New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
- More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
- Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
- New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
- $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®.*Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
- $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- $895 annual fee.
- Terms Apply.

How we rate credit cards

At Motley Fool Money, every credit card we review is rated on a 5-star scale, scored to a tenth of a point. Our ratings weigh the features that matter most: rewards rates, 0% intro APR offers, welcome bonuses, fees, and perks like travel credits and purchase protections.

We score cards within four primary categories:

0% intro APR cards for paying down balances or financing purchases
Travel cards for maximizing points, miles, and perks on the road
Cash back and rewards cards for everyday spending value
Business cards designed to fit company expenses and growth

Top-rated cards typically combine strong long-term value, attainable bonuses, low fees, and standout protections or perks.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best credit card recommendations. Our aim is to maintain a balanced best-of list featuring top-scoring credit cards from reputable brands. 'Best for' category selections on this page are determined by our editors, and a single card may be recognized in multiple categories.

Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates credit cards.

How we rate credit cards

We score cards within four primary categories:

0% intro APR cards for paying down balances or financing purchases
Travel cards for maximizing points, miles, and perks on the road
Cash back and rewards cards for everyday spending value
Business cards designed to fit company expenses and growth

Top-rated cards typically combine strong long-term value, attainable bonuses, low fees, and standout protections or perks.

My take on whether it's worth $895

Here's the honest truth: $895 is a lot of money for a credit card. It's one of the highest annual fees I've seen on a consumer rewards card.

Is it worth it? For some people, absolutely. If you're a frequent traveler who can actually use the $400 Resy credit, the $600 hotel credit, Uber Cash, and CLEAR®, the math works out fast. Toss in the lounge access and hotel status, and you're well past breakeven. Terms apply; enrollment may be required.

But if you're not traveling regularly, the Platinum Card® starts to look less like a powerhouse and more like a very expensive coupon book. You need to be honest with yourself: Will you really use all those perks? If not, $895 is going to feel like a gut punch every time the fee posts.

Who loses in this update

This refresh makes the card an even tougher sell for casual users. If you don't travel regularly, rarely book upscale hotels, or just prefer a simpler rewards setup, the Platinum Card® won't make sense at $895. For those cardholders, the long list of credits feels less like value and more like homework. In that case, you're better off with a cheaper, easier-to-use alternative like the Amex Gold Card or the Capital One Venture X Card.

Who the card still makes sense for

The Platinum Card® is still one of the best options for frequent travelers who value premium experiences. Lounge access alone can cover a big chunk of the fee if you're flying often enough, and the refreshed hotel and dining credits add even more for people who lean into luxury. If your lifestyle already lines up with benefits like Resy dining, prepaid luxury hotel bookings, and Uber rides, the new $895 price tag can be justified -- and in many cases, outweighed.

Apply now for the American Express Platinum Card® and unlock premium travel, exclusive perks, and over $3,500 in annual value.

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