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The Platinum Card® from American Express is adding new benefits worth up to $1,400 per year including CLEAR membership and a hotel credit in the card’s latest refresh. However, the annual fee will also be increasing from $550 to $695 (See Rates & Fees). Plus, you may be eligible for a 150k point bonus.

Still, if you can use all of the perks plus the new ones, this fee increase can easily be offset. Here’s what you need to know about the American Express Platinum changes.

100k Bonus: The Platinum Card® from American Express (Learn more: Johnny Jet Recommended Credit Cards)

American express platinum changes
The Platinum Card® from American Express

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

New American Express Platinum Changes and Benefits

Long-time Amex Platinum cardholders and fans of this premium travel card may remember the card’s last major upgrade from 2017 shortly after the Chase Sapphire Reserve® launched. As luxury travel returns, it’s time for a new round of benefit additions to continue being one of the best travel cards.

New travel perks make the total benefits package worth at least $1,400.

Here are the newest Platinum Card travel benefits. And if you want to get more in-depth details, check out our in-depth The Platinum Card from American Express review.

$200 Hotel Credit

Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.

This perk is in addition to the on-site benefits at Fine Hotels + Resorts including daily breakfast for two and 4 PM checkout. Terms apply.

Annual CLEAR Membership Credit

The Amex Platinum already offers an application fee credit for Global Entry and TSA PreCheck.

In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $179 back per year on their CLEAR® membership. Terms apply. 

This pre-security program can help flyers get to the TSA security lines sooner on busy travel days. Stadiums and other mass public venues also accept clear to get into events sooner.

The Business Platinum Card® from American Express members will also receive the CLEAR credit. Terms apply.

Related: Is TSA PreCheck, Global Entry, or CLEAR the Best Way to Skip Airport Security Lines?

Airport Lounge Benefits

The Amex Platinum already has some of the most extensive complimentary airport lounge benefits. Two of the Global Lounge Collection partners are rebranding:

  • Escape Lounges are now becoming The Centurion Studios
  • American Express International Lounge locations are converting to Centurion Lounges

In addition to the rebranding of these two lounge networks, there are more lounges available in the portfolio.

American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.

Despite the pandemic and the recent travel slowdown, there are more lounges in the Centurion Network open to Platinum cardholders. There are currently more than 40 Centurion Lounges you can visit.

In all, you can visit 1,300 airport lounges in over 500 airports across 140 countries.

With the network name changes, the Global Lounge Collection partners are:

  • Centurion Network (now includes the American Express International Lounge network)
  • Centurion Studios (currently operates as Escape Lounges)
  • Priority Pass (enrollment required)
  • Delta Sky Club
  • Plaza Premium
  • Air Space

Enrollment may be required. Terms apply.

Premium Private Jet Program Discounts

You can now get discounts of up to 40% on a Wheels Up private jet membership.

  • 40% discount on Wheels Up Core membership
  • 20% discount on Wheels Up Connect

It’s also possible to get either $500 or $2,000 in initial flight credits for private charter flights during your first membership year.

$240 Digital Entertainment Credit

Streaming services statement credits were introduced as a limited-time benefit during the pandemic for cardholders to get value without traveling. This credit is now a permanent feature.

You can get up to $20 in monthly statement credits (up to $240 per year) when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers:

  • Audible
  • The New York Times
  • SiriusXM
  • Peacock

Enrollment is required. You won’t be able to save money on popular services like Netflix or Hulu with this credit.

Related: The Best Credit Card To Pay For Netflix And Streaming Services

$300 Equinox Fitness Club Credit

Fitness enthusiasts can receive up to $25 in monthly credits (up to $300 per year) for select Equinox Fitness Club monthly memberships and digital subscriptions for the Equinox+ app when you pay with your Platinum Card®.

Enrollment required.

Resy Global Dining Access

Resy can make it easier to book restaurant reservations online. The service can also offer exclusive dining slots at elite restaurants, special events, and VIP status.

Learn more: Johnny Jet Recommended Credit Cards

Walmart+ Credit

There is also a $155 Walmart+ credit to enjoy. This covers the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.

Existing Amex Platinum Benefits

The new American Express Platinum changes can be a welcome bonus for those who will use the benefits. And if other good news, there are no current benefits disappearing or weakening to make room for the new perks. Here’s a refresher of what the Amex Platinum already offers and why it’s one of the best American Express cards.

Travel Perks

This premium card offers the most travel benefits.

  • Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel
  • 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year
  • 1:1 point transfers to airlines and hotel partners
  • International flight discounts on up to 8 tickets per booking on first, business, and premium economy seats for 25+ airlines
  • Up to annual $200 airline fee credit on incidental charges for a member-selected airline (enrollment required, terms apply)
  • Up to $100 Global Entry or TSA PreCheck application fee credit
  • Hilton Honors Gold loyalty status
  • Marriot Bonvoy Gold Elite loyalty status
  • Trip cancellation and delay coverage
  • Secondary car rental loss and damage waiver
  • No foreign transaction fee (See Rates & Fees)
  • Terms apply

Additionally, if you ride Uber or use Uber Eats, this credit will make you happy. Cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only. Terms apply.

Cardholders can also get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when paying with their Platinum Card®.

Shopping Perks

There are a few retail and purchase protection benefits to enjoy too.

  • $100 Saks Fifth Avenue credit ($50 January-June and $50 July-December; enrollment required, terms apply)
  • Cell phone protection of up to $800 per approved claim (can file up to 2 claims per year and a $50 deductible per approved claim applies)
  • Purchase protection of up to $10,000 per occurrence (up to $50,000 per calendar year) for new purchases within the first 90 days
  • Return protection on qualifying purchases within the first 90 days
  • Extended warranty of 1 extra year on qualifying warranties of 5 years or less

Enrollment may be required. Terms apply.

$695 Annual Fee

One downside to these new benefits is a higher annual fee. Starting July 1, 2021, the new annual fee is $695 (See Rates & Fees).

The fee remains a flat $175 for up to 3 additional cards and then $175 per card starting with the 4th additional card. Secondary users can also get an American Express Gold Card at no additional cost.

Existing cardmembers that opened their account prior to July 1, 2021, won’t pay the new fee until their next renewal day starting January 1, 2022, or later.

If your card renews in the second half of 2021, you will only pay $550 to renew your membership but will pay $695 for your card anniversary in 2022.

The new benefits can easily cover the fee hike. For example, the CLEAR application fee credit and the entertainment statement credits can exceed the $145 increase.

100,000 Membership Rewards Welcome Offer

New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. New cardholders also earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership. Terms apply. 

Learn more: Johnny Jet Recommended Credit Cards

This bonus isn’t available to returning Platinum Cardholders that have already earned a welcome offer for this card.

This is one of the best credit card offers.

Is the American Express Platinum Worth It?

The new American Express Platinum changes can enhance travel and lifestyle opportunities while continuing to make the Amex Platinum one of the best rewards cards.

This card continues to be one of the best cards for frequent flyers. This card earns more travel miles than most travel rewards cards. Plus, the 1:1 point transfers, airline fee credits, and lounge benefits can be extremely valuable.

You should also consider this card if you want some luxury hotel benefits and dining perks. However, you will get the most value from this card if you fly regularly and want to redeem your card points for award flights.

Here’s how hard it is to get the Amex Platinum and the credit score you’ll need.

Summary

In conclusion, these new American Express Platinum changes can be welcome as more people travel. These new travel and retail benefits continue to make The Platinum Card from American Express one of the best premium travel cards. There are now more incentives to use it for flights, hotels, and everyday spending to maximize living in the lap of luxury.

100k Bonus: The Platinum Card® from American Express (Learn more: Johnny Jet Recommended Credit Cards)

Related:

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

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