AmEx Enhances Platinum Cards with $3.5K in Perks, Raises Fee

American Express has significantly upgraded its U.S. Platinum cards, increasing annual benefits to over $3,500 while raising the annual fee by $200. According to Reuters, these enhancements are designed to strengthen the value proposition of its premium offering within the competitive fintech market. While the precise details of the new perks and the exact new annual fee were not fully elaborated in the provided information, this strategic move signals American Express's commitment to retaining and attracting high-value cardholders through superior service and benefits.