New Amex Platinum Card Changes [New & Continuing Benefits]

Amex Platinum card with striped and marbled background

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Amex has a decent lineup of Platinum cards available to consumers. Whether you’re interested in The Platinum Card® from American Express, The Platinum Card® from American Express Exclusively for Morgan Stanley, the American Express Platinum Card® for Schwab, or The Business Platinum Card® from American Express, you’re typically going to get a lot of bang for your buck. 

Now, American Express has chosen to update the benefits available to these cardholders, along with an increase to the annual fee. Note that terms may apply and enrollment may be required for some of the benefits listed. Let’s break down what’s changing.

New Amex Platinum Card Benefits

Amex Platinum card entertainment
A digital subscription to The New York Times is eligible for the new monthly digital entertainment credit. Image Credit: American Express

The Amex Platinum card already comes with a ton of benefits, but as part of the changes we’re seeing, some new ones being added in:

  • $179 Annual CLEAR® CreditCLEAR is a service that expedites airport security, much like TSA PreCheck.
  • Up to $300 Annual Equinox Credit — This credit will be distributed in monthly increments of up to $25 and can be used towards select monthly Equinox membership fees and Equinox+.
  • Up to $240 Digital Entertainment Credit — Doled out at a rate of up to $20 per month, this credit can be used when you pay for Peacock, The New York Times, Audible, and/or SiriusXM.
  • $200 Prepaid Hotel Credit — This credit is valid for select bookings at Amex’s Fine Hotels & Resorts and The Hotel Collection made via Amex Travel.
  • Global Dining Access by Resy — Add your card to your Resy profile to unlock access to special dining experiences and exclusive reservations.
  • Wheels Up (Premium Private Jet Program) — Enjoy up to 40% off a Wheels Up membership and up to $2,000 in flight credit towards your initial flight within your first year (depending on membership).

All in, Amex is going to be offering its Amex Platinum cardholders over $900 in new credits each year. If you can take advantage of these that’s a huge gain.

Hot Tip: New benefits that Amex Business Platinum cardholders will have access to include the CLEAR credit, Wheels Up Premium Private Jet Program discounts and credits, and Global Dining Access by Resy.

Increased 100,000-Point Welcome Offer

You can now earn 100,000 Membership Rewards points after you spend $6,000 on purchases on your Amex Platinum card in the first 6 months of card membership. We value Membership Rewards points at about 2.2 cents per point, which means that a 100,000 Membership Rewards points bonus offer is worth ~$2,200!

We also have some ideas for awesome ways to spend 100,000 Amex Platinum card points!

Continuing Amex Platinum Card Benefits

Amex Platinum card at Centurion Lounge
Cardmembers will continue to have access to the Global Lounge Collection. Image Credit: American Express

As we’ve already mentioned, the Amex Platinum card offers a suite of benefits to its cardholders. Here are the benefits that will be continuing forward:

Hot Tip: The Global Lounge Collection has expanded to include Lufthansa Lounges. Escape Lounges in the U.S. will be updated and rebranded as Escape Lounges – The Centurion Studio Partner and existing American Express International Lounge locations will be converted into Centurion Lounges.

Higher Annual Fee for Amex Platinum Card

With all these new credits comes a hike in the Amex Platinum card’s already hefty annual fee. Originally $550, you can now expect to pay $695 each year to hold any of the Amex Platinum card’s lineup (see rates and fees). That’s a $145 annual increase, which is no joke, though you should aim to maximize the $1,400+ in monthly and annual credits.

Final Thoughts

Although it’s always a bummer when a credit card increases its annual fee, at least we’re seeing some major changes in its credit offerings. Whether or not the card will continue to be a good value for you in future years will depend on a few variables: Can you use these credits? Would you have spent the money on them anyway? Do you find value in Amex’s Global Lounge Collection and will you be using your hotel elite status?

Consider all of these questions before deciding whether or not to keep the card. That being said, these new changes aren’t all bad, especially if you can maximize the $900+ in new annual credits.

The information regarding The Platinum Card® from American Express Exclusively for Morgan Stanley and the American Express Platinum Card® for Schwab was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

For rates and fees of The Platinum Card® from American Express, click here.

Carissa Rawson

About Carissa Rawson

Carissa is a native Californian whose taste for travel began during her seven years in the US Air Force. A former Arabic translator, her first serious journey overseas was to Jordan, where a six month deployment taught her a lot about people and a little about award travel. What started as a curiosity quickly became an obsession, and soon she had launched her own website teaching others how to travel for free.

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  1. Do we know if the CLEAR credit will apply to authorized users? I doubt it, but thought I would ask.


Any thoughts or questions? Comment below!

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