In March 2017 AMEX raised the annual fee on their Consumer Platinum card from $450 to $550 when they added the ability to earn $200 in annual Uber credit and 5 points per dollar on airfare.
In February 2019 the annual fee on the Business Platinum card will go up from $450 to $595. The new fee applies to renewals starting in February and for new cardholders applying for a card in February.
New benefits will include:
- Up to $200 in statement credits annually for U.S. purchases with Dell on your Business Platinum Card. You’ll receive more information about how to enroll in the new Shop Dell with Business Platinum benefit in February 2019.
- One year of complimentary Platinum Global Access from WeWork, a network of premium workspaces around the world. With Platinum Global Access, enjoy over 300 workspaces in 75+ cities and 20+ countries, valued at $2,700. You’ll receive more information in February 2019 about the offer and how to enroll.
- New Centurion Lounge locations in Philadelphia, Hong Kong, JFK, Los Angeles, and Denver, and the expansion of Centurion Lounges in Dallas and Miami.
- $100 hotel credit on qualifying charges at hundreds of properties in The Hotel Collection (increased from $75) for new reservations made after January 1, 2019 when you book through Amex Travel.
The higher fee will sting for many people, though if you’re someone who makes annual purchases at Dell it can work in your favor.
Are you a Business Platinum cardholder? How will these changes effect your decision about renewing the card?