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News: Amex Announced Major Uprates to the Platinum Card Later This Year - Credit-Land.com

American Express announced that it will be making major updates to its U.S. consumer and business Platinum Cards® later this year. These updates will be the company's largest investment ever in a card refresh.

Both The Platinum Card® from American Express* and The Business Platinum Card® from American Express* will be receiving a full revamp. This announcement is quite on time to steal the spotlight from Chase, which has updated its popular Chase Sapphire Reserve® card.

While Amex announced its plans, their announcement doesn't really contain any details. They only vaguely expressed their intentions to "take these cards to a new level, not only in what they offer in travel, dining, and lifestyle benefits, but also in how they look and feel." It's likely there will be changes tailored for Millennials and Gen Zs, who, according to Amex, accounted for 35% of total U.S. consumer spending last quarter.

Hopefully, Amex won't increase the annual fee by much with this refresh.

American Express's plans to refresh its Business Platinum Card are not rich with details, either. It's expected that the card will offer card members even more benefits that can be used to help their companies grow. Currently, Business Platinum card members enjoy a flexible spending limit that adapts based on purchase, payment and credit history, business and travel benefits, rich rewards on business expenses, virtual cards and access to cashflow management tools. Plus, they can also access the dining, lounge, and hotel benefits.

More details about the Platinum Cards refresh are expected this fall.

*The information for the following product(s) has been collected independently by Credit-Land.com: The Platinum Card® from American Express and The Business Platinum Card® from American Express. The card details on this page have not been reviewed or provided by the card issuer.

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