Is the $895 Amex Platinum Annual Fee Worth It For Travelers?

"The Platinum Card from American Express recently reclaimed its first-place rank as the most expensive mainstream travel credit card after briefly being dethroned by the Chase Sapphire Reserve this summer. In exchange for well over $1,000 in new benefits, the Amex Platinum now costs a whopping $895 a year, up $200 from the current annual fee of $695. To justify the annual fee price hike, the Amex Platinum now offers more than $3,500 of value in annual credits and benefits. It also comes in an optional, limited-edition mirror finish, which current cardholders can request through their online dashboard or via the Amex app."

"What is the Amex Platinum's new annual fee? The Amex Platinum's annual fee increased to $895 on September 23, up from the current yearly rate of $695. This once again makes the Amex Platinum the priciest of the premium travel rewards cards, following the refresh of the Chase Sapphire Reserve card, which now has an annual fee of $795. (For cardholders who already had the Amex Platinum before the September 23 update, the new fee kicks in for their next renewal date on or after January 2, 2026.)"

Amex Platinum annual fee increased to $895 on September 23, up $200 from $695, restoring its position as the priciest mainstream travel card. The card now provides more than $3,500 in annual credits and benefits intended to offset the higher fee. New credits include up to $600 annually for eligible hotel stays booked through Amex, up to $400 for eligible Resy dining transactions, and up to $200 toward Oura ring purchases. An optional limited-edition mirror finish is available to current cardholders via the online dashboard or app. Authorized-user cards cost $195 a year and include most primary benefits. Some perks are broadly useful while others are niche or harder to redeem.

Read at Conde Nast Traveler