Let’s take today to tl;dr the American Express Platinum changes that went live today so you can ignore the hundreds of articles about them headed your way this week.
Personal
Vitals:
- Annual fee: $895 (increase of $200)
- Earn:
- 5x on airfare
- 5x on AmEx Travel hotels
- 1x otherwise
Value coupons:
- Air Incidental coupon: $200 credit annually
- FHR coupon: $600 credit, $300 January – June and $300 July – December
- Resy coupon: $400 credit, $100 per quarter
- Lululemon coupon: $300 credit, $75 per quarter
- Uber One coupon: $120 credit, $10 per month
- Uber coupon: $200 credit, $15 per month January – November, $20 in December
- Walmart+ Membership coupon: $155.40 credit, $12.95 per month
- Saks coupon: $100 credit, $50 January – June and $50 July – December
- Digital entertainment coupon: $240 credit, $20 per month on select services
Mostly worthless coupons:
- Clear.me coupon: $209 credit annually
- Soulcycle coupon: $300 off an in-home bike
- Equinox coupon: $300 off of gym membership
- Priority pass membership
Yes you can get more than $895 out of these, but let’s be honest: You’re working for AmEx, they’re not working for you.
Business
Vitals:
- Annual fee: $895 (increase of $200)
- Earn:
- 5x on FHR and Hotel Collection hotels booked through AmEx 5ravel
- 5x on flights booked through AmEx Travel
- 2x on construction, hardware, electronic goods, software, shipping, and cloud on up to $2 Million spend
- 2x on $5,000+ transactions (limited to $2 Million with the above categories)
- 1x otherwise
Value coupons:
- Air Incidental coupon: $200 credit annually
- FHR coupon: $600 credit, $300 January – June and $300 July – December
- Hotel status coupon: Leaders Club Sterling, Marriott Gold, Hilton Gold
- Hilton coupon: $200 credit, $50 per quarter
- Dell coupon: $150 (+$1,000) credit annually, $1,000 after $5,000+ Dell spend
- Wireless coupon: $120 credit, $10 monthly
- AmEx Travel coupon (requires $250,000 spend): $1,200 annually
Mostly worthless coupons:
- Adobe coupon: $250 credit after $600+
- Clear.me coupon: $209 credit annually
- Indeed coupon: $270 credit, $90 quarterly
- American Express One AP coupon (requires $250,000 spend): $2,400 credit annually
- Priority pass membership
If all of your transactions are 2x, then there’s a realistic path to holding this card and wiping the annual fee. You’re still working for AmEx, but at least it’s not under duress.
Happy Wednesday!
Leaked: Another monthly personal Platinum credit that was ultimately scrapped.