2025 Refreshed Amex Platinum & Amex Business Platinum: What’s New & Who Each Card Is Best For

Both the American Express Platinum Card® and The Business Platinum Card® from American Express just got a big refresh.

Both cards now carry a higher annual fee and come with a long list of new credits (over $3,500 annually each). Let’s break down the updates, pros/cons, and who each card is a good fit for.

The Personal Platinum Card

What’s new (enrollment required for all benefits)

• Welcome Offer: Find out your offer and see if you are eligible for as high as 175,000 Membership Rewards points after spending $8,000 on purchases in the first six months of card membership. Welcome offers vary, and you may not be eligible for an offer.

• Higher annual fee: $895 (see rates and fees)

• $400 Resy dining credits: $100 per quarter at Resy restaurants when you use your Platinum Card.

• $300 lululemon credits: $75 statement credits per quarter at retail lululemon stores (excluding outlets) or lululemon.com in the U.S. when you pay with your Platinum Card.

• $120 Uber One Membership Credit (on top of existing $200 Uber Cash): Up to $120 in statement credits each calendar year after purchase of an auto-renewing Uber One membership in the U.S. with the Platinum Card

• $200 Oura Ring Credit (annual, hardware only): Up to $200 back in statement credits each calendar year when you use the Platinum Card to purchase an Oura Ring through OURAring.com.

• Status with The Leading Hotels of the World: Receive complimentary Leaders Club Sterling Status from The Leading Hotels of the World. Enjoy benefits at more than 400 independent luxury hotels worldwide, including upgrade opportunities subject to availability, daily breakfast for two, and on-property perks.

• Enhancements of existing credits

  • Hotel credit expanded to $600 ($300 semi-annually) for prepaid Fine Hotels + Resorts® and The Hotel Collection bookings through Amex Travel™ using the Platinum Card (two-night minimum stay with The Hotel Collection).

  • $300 digital entertainment credit ($25 per month for Disney+, ESPN, Hulu, The New York Times, Paramount+, Peacock, WSJ, YouTube Premium, and YouTube TV). This is a $5 monthly increase.*

What's not changing (enrollment required)

• $200 airline credits (up to $200 in statement credits with selected airline)

• Clear Plus (up to $209 statement credit per calendar year, subject to auto-renewal)

• $300 Equinox (up to $300 per calendar year on Equinox gym and Equinox+ app memberships, subject to auto-renewal)

• Global Entry/TSA PreCheck ($120 statement credit for Global Entry every four years or an up to $85 fee credit for TSA PreCheck every 4½ years)

• Saks credit (up to a $100 per calendar year)

• Uber Cash (up to $200 per calendar year, valid on Uber rides and Uber Eats orders in the U.S.; Amex Plat must first be added to your Uber account and you can then redeem with any Amex card)

• Walmart+ (up to a $155 statement credit per calendar year on one membership, subject to auto-renewal, Plus Up excluded.)

What I like

• The hotel credit improvement is quite useful. I already get a lot of value out of Fine Hotels + Resorts perks (like free breakfast and late checkout), so this is a win.

• The airline, dining, and streaming credits are easy to use for most people. I personally like the lululemon credit (it's a brand I spend money on anyway), so it's a value-add for me. But, you should consider if credits like this are a fit for your spending. If so, set calendar reminders to ensure you don't forget about them.

• Uber One membership credit is straightforward and stacks with the existing Uber benefits.

• I'm guessing that this higher fee will mean Centurion Lounges will be a bit less crowded now.

What I’m not excited about

• The Oura Ring credit feels niche, especially since it's only for the hardware. It's nice if you want the ring, but not an ongoing value driver.

• There are still no new bonus categories for everyday spend. Earning remains lackluster outside of flights and prepaid hotels.

Who this card is best for

Frequent travelers who will use lounge access, hotel perks, and multiple lifestyle credits. If you dine out often, subscribe to a couple of streaming services, and book at least two luxury hotel stays per year, it’s possible to offset the fee without much effort. But if you’re more of a casual traveler, the $895 price tag likely doesn't make this a keeper card.

Learn more about the personal Platinum Card here.

The Business Platinum Card

What’s new (enrollment required for all benefits)

• Welcome Offer: Earn up to 200,000 Membership Rewards® points after you spend $20,000 in eligible purchases on your Card within the first 3 months.

• Higher annual fee: $895 (see rates and fees)

• $250 Adobe Credit: Earn a $250 statement credit on Adobe after spending $600 or more on U.S. purchases with Adobe per calendar year.

• $1,150 Dell Technologies Credit: Up to $150 in statement credits on U.S. purchases with Dell Technologies and an additional $1,000 statement credit after spending $5,000 or more on those purchases per calendar year.

• Status with The Leading Hotels of the World: Receive complimentary Leaders Club Sterling Status from The Leading Hotels of the World. Enjoy benefits at more than 400 independent luxury hotels worldwide, including upgrade opportunities subject to availability, daily breakfast for two, and on-property perks.

• New high spend perks if you spend over $250k annually on the card:

  • Up to $2,400 in statement credits for use in the next calendar year on American Express One AP® monthly fees after you spend $250,000 on eligible purchases on the Business Platinum Card in this calendar year. Statement credits will be applied to your monthly bill charged to the Card for the accounts payable solution, One AP.

  • Up to $1,200 in statement credits on flights booked on AmexTravel.com with the card, for use in the next calendar year.

• Enhancements of existing benefits

  • Membership Rewards Bonus Points:

    • Earn 2x points on eligible purchases in key business categories, including US purchases at:

      • Construction material and hardware suppliers

      • Electronic goods retailers and software & cloud system providers

      • Shipping providers

      • Each eligible purchase of $5,000 or more

    • Earn 5x points on flights and prepaid hotels booked through AmexTravel.com

    • Earn 1x points on all other purchases

  • Hotel credit expanded to $600 ($300 semi-annually) for prepaid Fine Hotels + Resorts® and The Hotel Collection bookings through Amex Travel™ using the Platinum Card (two-night minimum stay with The Hotel Collection).

• Adjustment to Points Back airline bonus:

  • Get 35% points back after you use Pay with Points for flights booked through Amex Travel with your selected qualifying airline (up to 1,000,000 points back per calendar year). So, now it's only for your selected airline, not all.*

What's not changing (enrollment required)

• $200 airline credits (up to $200 in statement credits with selected airline)

• Clear Plus (up to $209 statement credit per calendar year, subject to auto-renewal)

• Global Entry/TSA PreCheck ($120 statement credit for Global Entry every four years or an up to $85 fee credit for TSA PreCheck every 4½ years)

• Hilton Honors (up to $200 in statement credits per calendar year; allocated up to $50 per quarter; separate enrollment through Hilton for Business required)

• Indeed (up to $360 in statement credits per calendar year; allocated up to $90 per quarter)

• Wireless telephone services (up to $120 in statement credits per calendar year for U.S. services, allocated up to $10 per month)

What I like

• The $600 hotel credit is a big improvement, making the card more competitive with Chase’s new Sapphire Reserve for Business℠.

• 2x on large purchases and certain business categories is a meaningful upgrade.

• Dell and Adobe credits are useful for many small and midsize businesses.

What I’m not excited about

• The $250k spend threshold for extra credits is out of reach for most small businesses.

• Losing the broad 35% airline bonus hurts (this used to be a real differentiator).

• Hotel perks are improved, but lifestyle credits (Resy, lululemon, Uber, streaming) are mostly missing compared to the personal Platinum.

Who this card is best for

High-spend business owners who will take advantage of Dell, Adobe, wireless, and hotel credits. If you put six figures of expenses on your card every year, the 2x categories and potential $1,200 flight credit could add up. But depending on business owners' spending habits, other business cards could provide more long-term value.

Learn more about the Business Amex Plat here.

My Take

Both cards are pricier and more “coupon book” heavy than ever. The math works if you can reliably use the credits.

• Personal Platinum: best for frequent travelers (especially those who can enjoy Centurion lounges often) and luxury hotel fans who will also benefit from the lifestyle credits

• Business Platinum: best for big spenders who value Dell/Adobe credits and want to stack premium hotel perks

For everyone else? I’d think hard before paying $895. The American Express® Gold Card remains a better “everyday” workhorse for most people because of the bonus point earning categories (restaurants worldwide & US supermarkets).

*Each Benefit requires enrollment via their website, terms apply to American Express Benefits and offers. visit americanexpress.com to learn more.

Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.