Exciting Update to Amex Platinum

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For many years, the American Express Platinum Card was the gold platinum standard when it came to premium credit products. While it came with a hefty fee, it offered Admirals Club access and a whole host of other premium services that made the card well worth the cost.

Over the years, the product has evolved. Admiral’s Club access is a thing of the past, but the card still gives holders access to SkyClubs, Airspace Lounges, and the small network of American Express’ own (fantastic) Centurion Lounge. The card comes with a $450 $550 fee, but offers $200 in travel credits on airline expenses every year, as well as an outstanding 5x points on airfare purchases made directly with airlines or through American Express travel portal.

Facing stiff competition after last year’s introduction of the Chase Sapphire Reserve, American Express has upped its game yet again.

Today, American Express notified cardholders that, beginning March 30, they will receive $200 in Uber credits per year. 

That benefit, when combined with the $200 travel credit that will remain, means that this card is of outstanding value, with a net cost of only $50 $150 per year, which gives you 5x points on travel, access to Centurion Lounges and much much more.

I do not have this card, but I do have the American Express Platinum Business Card, which has similar, but not identical, perks.

Here’s to hoping that American Express spreads the love of this benefit a little to include Business Cards as well!

Interested in applying for the Amex Platinum? Click here. The current sign-up bonus is 40,000 Membership Rewards points, which isn’t great. But, then again, it’s basically free.

H/T: Thanks to an avid Pointed Out reader for sharing this tip. Have breaking news you want to share? Send it my way on the contact page.


 

Update: The below listed changes come with a cost – a higher annual fee of $550 for the card, set to kick in this August.