American Express Expands ‘Platinum’ Rewards: Should You Switch Credit Cards?

Photo by pathdoc /

The American Express Platinum Card is about to get shinier, both literally and figuratively. It’s an upgrade that every credit card holder should note.

American Express announced Thursday that, starting March 30, Platinum Card holders will receive additional rewards and a redesigned card made from “sleek metal.”

The new benefits include:

  • Up to $200 in Uber credits annually.
  • Automatic Uber VIP status, in areas where the premier service is available.
  • 5X points for eligible hotel stays booked through American Express. This is in addition to a recent announcement of 5X points for flights.
  • Access to more than 1,000 airport lounges.
  • Dining perks like access to “one-of-a-kind dining experiences,” exclusive reserved seating and culinary events.
  • Lodging perks like free daily breakfast for two and guaranteed 4 p.m. late checkout, for stays at eligible hotels and resorts booked through American Express.

All of the existing Platinum perks, such as up to $200 in airline-fee credits annually, will also remain.

These rewards come at a price, though. American Express is increasing the Platinum Card annual fee from $450 to $550.

If the American Express Platinum Card is not for you, take this news as a reminder to compare your own credit card of choice with the latest offerings.

As we recently reported in “3 Reasons You Should Switch Credit Cards,” 32 million Americans haven’t changed their preferred credit card company in at least a decade. Such consumers are likely missing out on valuable perks:

“… there are some compelling reasons to consider switching up your favorite piece of plastic. Many of today’s cards come with enhanced rewards and generous sign-up bonuses.”

If you’re ready to learn what cardholder perks you might be overlooking, try our “Finding the Perfect Plastic” tool. It allows you to search for credit cards by reward type.

For further guidance, check out:

Are you happy with your credit card rewards? Let us know why or why not by commenting below or on Facebook.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
13 Small Gadgets Under $20 That Make Life Better
13 Small Gadgets Under $20 That Make Life Better

These inexpensive electronics will make your day-to-day life a little easier — and happier.

7 Reasons Workers Age 65 and Older Have Not Retired Yet
7 Reasons Workers Age 65 and Older Have Not Retired Yet

For some, the golden years are a time to increase the gold — but their reasons for delaying retirement vary widely.

How to Get Rid of 6 Hard-to-Sell Things
How to Get Rid of 6 Hard-to-Sell Things

Find out where to sell, donate or recycle items — and feel good about it.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started


Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.