Amex Revamps Platinum & Business Platinum – What You Need to Know

[Credit Card Community]

American Express is rolling out updates to both the Platinum Card and the Business Platinum Card, with some key shifts in benefits and credits. Here’s a breakdown:

Business Platinum Card Updates​

• $600 Hotel Credit → Up to $300 semi-annually on prepaid Fine Hotels + Resorts / Hotel Collection bookings via Amex Travel (2-night minimum for Hotel Collection).
• $200 Hilton Credit → $50 per quarter on eligible Hilton stays (enrollment required).
• Global Lounge Collection → Still offering $850+ in value with Centurion Lounges, Delta Sky Club (10 visits), Priority Pass, and partner lounges.
• $200 Airline Fee Credit → For incidental airline fees.
• $209 CLEAR Plus Credit → Annual credit for CLEAR membership.
• $550 Fine Hotels + Resorts Benefits → Suite of perks valued at ~$550 annually.
• Annual Fees → $895

Earnings & Rewards

• 5X Points on flights & prepaid hotels via Amex Travel.
• 2X Points on key business categories (up to $2M annually).
• 35% Points Back on Pay with Points for flights (up to 1M points).

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Personal Platinum Card Updates​

• $600 Hotel Credit → Same as Business Platinum, up to $300 semi-annually.
• $200 Uber Cash & $120 Uber One Credit → $15 monthly Uber Cash + $120 annual Uber One subscription credit.
• $400 Resy Credit → Up to $100 quarterly for dining with Resy (U.S. only).
• $200 Airline Fee Credit → For incidental airline charges.
• CLEAR Plus Credit ($209) → Annual statement credit for CLEAR membership.
• Global Lounge Collection → Still unmatched with 1,500+ lounges worldwide.
• Annual Fees → $895

Earnings & Rewards

• 5X Points on flights and prepaid hotels via Amex Travel (up to $500K annually).
• Similar lounge and travel perks as the Business version.

Key Takeaways​

• Both cards are leaning harder into travel credits (hotels, airline fees, CLEAR).
• Business Platinum gets an added Hilton quarterly credit, which frequent Hilton guests will love.
• Personal Platinum strengthens dining perks with the $400 Resy credit and Uber bundle.
• Lounge access remains a core value driver, but Delta Sky Club access is capped (10 visits/year unless on eligible Delta flight).

What do you think guys? Are these changes a boost in real value, or just Amex juggling credits to justify the hefty annual fee ($895 for both Platinum variant)?