American Express Enhances Platinum Card; Fee Rises to $895

For card members who opened accounts before Sept. 18, the new annual fee will go into effect at their next renewal.

A view of an American Express platinum credit card, in this file photo. Bryan Bedder/Getty Images for American Express

American Express revealed on Sept. 18 new enhancements for both consumer and business Platinum cardholders, providing access to more than $3,500 in annual value. Meanwhile, the annual fee for the special Silver card increased by $200, rising from $695 to $895.

For consumer Platinum card members, this includes new credits on eligible purchases with Resy, Lululemon, Uber, One Membership, and perks with existing hotel and digital entertainment credits for consumers.