AMEX Is Improving The Platinum Card: What Will $895 Get You Now?

American Express (NYSE: AXP) has elected to raise fees on Platinum and Business Platinum cards, with a full-year membership now totaling $895. This includes a variety of richer perks, with core rewards being mostly unchanged. 5 points per $1 spent are still offered for any purchases booked through Amex Travel, 2 points per $1 spent on key categories, and 1 point per $1 spent on all other purchases. In terms of larger credits, the new card offers $600 for some hotel bookings, $400 for bookings through Resy, $300 for digital entertainment, $300 for purchases from Lululemon.