American Express Platinum Card Enhances Perks, Raises Annual Fee
American Express is enhancing the image of its Platinum Card, adding new perks for using Uber and increasing some travel rewards. But those new benefits come with a hefty increase in the card’s annual fee.
Beginning March 30, Platinum Card members will have access to the Uber Rides with Platinum benefit within the Uber app. This provides up to $200 annually in Uber credits for rides within the United States and automatic VIP status wherever available. Cardholders will also receive a $15 Uber credit each month, with an additional $20 bonus in December, if they make their American Express Platinum Card their primary payment method within the Uber app. Cardholders will continue to receive an annual $200 airline fee credit.
Cardholders will now earn 5X membership rewards points on eligible hotels booked through amextravel.com. This is in addition to the 5X membership rewards points already earned on airfare booked with airlines or through American Express Travel. Cardmembers will also have access to additional travel perks, including an expanded Global Lounge Collection, a new Global Dining Collection, enhanced mobile servicing options and additional global events.
The card will also be made of stainless steel rather than plastic.
But these enhancements come at a price. Also starting March 30, the annual fee for the card will be increased $100 to $550 for new cardmembers. For those who already have a Platinum Card, the new rate will not take effect until the cardholder’s renewal date or after September 1, 2017.
“Because we’ve built long term relationships with our Platinum Card Members, we have a deep understanding of what they value most about their Membership – access to exclusive experiences, rich travel rewards and superior service,” said Janey Whiteside, senior vice president and general manager of Global Charge Products, Benefits & Services at American Express. “We’re elevating the Platinum Card to further deliver in these key areas, while providing new benefits that enhance their lifestyles. We want to ensure that we’re continually exceeding our Card Members’ expectations.”