Amex Raises Platinum Card Fee, Signals Higher Charges Across Other Cards

American Express has increased the annual fee for the Platinum Card and is raising fees across other cards in its portfolio, with customers showing low cancellation rates

Why it matters

Card-issuer angle via American Express. Likely a devaluation — book before any cutoff if applicable.

What happened

American Express has raised the annual fee for its flagship Platinum Card. Following this increase, the issuer is implementing higher annual charges across other cards in its lineup. Despite the price hikes, customer cancellation rates have remained low, suggesting strong retention. This marks a significant shift in the cost of holding premium Amex cards for frequent fiers

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Amex Raised Platinum’s Fee, Customers Didn’t Cancel — Higher Annual Charges Comi…

Apr 24

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