I’m a big fan of The Business Platinum® Card from American Express. The card has a $450 annual fee, and offers a bunch of benefits that help offset it.
This includes a $200 annual airline fee credit, Hilton Honors Gold status and Marriott Gold status, access to Amex Centurion Lounges, access to Delta SkyClubs when flying Delta, a Priority Pass membership, 10 Gogo wifi passes every calendar year, and more.
This is the lower cost version of the Amex Platinum Card, as The Platinum Card® from American Express has a $550 annual fee, though offers a couple of additional benefits, including a $200 annual Uber credit and $100 annual Saks credit.
Anyway, it looks like the business version of the card will soon be getting a refresh.
Changes coming to the Amex Business Platinum Card
Starting in February 2019 (this means for annual fees due as of then), the Amex Business Platinum Card annual fee will be increasing from $450 to $595. So, what improvements will be made to the card to make up for the $145 annual fee increase?
- A complimentary year of access to WeWork
- Up to $200 in statement credits each year for any Dell technology purchases
- The hotel credit for Hotel Collection stays will be increasing from $75 to $100; this is a perk I’ve never used, as I’ve always found Fine Hotels & Resorts or Virtuoso to be a better value
I’ve gotta say, for me these changes are useless. I have no interest in WeWork, I think the last time I bought something from Dell was in 2003, and I’ve never used Hotel Collection.
I imagine those who use WeWork or buy stuff from Dell will find these changes to be really valuable, but for the rest of us, this is a $145 annual fee increase without any positive changes.
Amex has greatly adjusted their card portfolio
I guess these changes were inevitable, as American Express has already made major changes to three other charge cards earning Membership Rewards points:
- The Platinum Card® from American Express had an annual fee increase from $450 to $550, but they added a $200 annual Uber credit and $100 annual Saks credit; you can read more about these changes here
- The American Express® Gold Card had an annual fee increase from $195 to $250, but picked up 4x points at U.S. restaurants, 4x points at U.S. supermarkets (on up to $25,000 annually), and a dining credit of up to $120 per year (with major limitations); you can read more about these changes here
- The American Express® Business Gold Card had an annual fee increase from $175 to $295, but picked up 4x points in the two categories you spend the most in of the following, on up to $150,000 of spend per year — airfare purchased directly from airlines, U.S. purchases for advertising in select media, U.S. purchases at gas stations, U.S. purchases at restaurants, U.S. purchases for shipping, U.S. computer hardware, software, and cloud computing purchases made directly from select providers; you can read more about these changes here
I suppose these changes are positive for anyone who spends a lot of money with Dell or who values a WeWork membership, but otherwise this is a pretty negative development, since the features being added are niche.
Personally I quite liked the changes made to the Amex Personal Platinum Card when the fee increased from $450 to $550, as we’ve picked up both a $200 Uber credit and a $100 Saks credit, both of which I valued. Unfortunately these new additions aren’t nearly as valuable to me.
What do you make of these Amex Business Platinum Card changes? Will they impact whether or not you have the card?
(Tip of the hat to The Points Guy)