A week ago, on March 31st, American Express made some changes to their Platinum Charge card. Some simple and small, others more dramatic.
Here is a list of all the changes, in no particular order:
- Card is now made of metal
- Increased annual fee to $550
- 5x rewards category for hotels booked through amextravel.com
- Monthly Uber credit, max of $200/year
- No annual fee for Gold cards for Authorized User cards
The biggest change was increasing the annual fee from $450 to $550. However, the Uber credit was added to make up for this increase while also, potentially, competing with the Chase Sapphire Reserve‘s $300 annual travel credit. The airline fee credit and the new Uber credit brings the Platinum card “travel credits” up to $400.
I feel the card being metal was long overdue considering the Chase Sapphire Preferred has been made of metal since it’s release (in 2011 I believe) and only has a $95 annual fee. Another small change that I think is great, the removal of annual fees on Gold cards for Authorized Users (AU). Previously, AU Gold cards were either $45 or $50, and a separate Gold Card has an annual fee of $160.
The Platinum card still doesn’t have bonus categories for food like the Gold and Premier Rewards Gold cards I discussed in my Introduction to American Express Charge Cards post. Now you can earn – 5x points on flights and hotels with the main Platinum card, and earn 2x points on restaurants with the Gold AU card.
With that said, the 5x points on hotels are not as simple as the 5x points on flights. For flights, you can book on amextravel.com or directly with the airline. Hotels have to be booked through the amextravel website, and they have to be qualifying hotels.
Qualified hotels are prepaid bookings which includes hotels from The Hotel Collection (HC), but not the Fine Hotels & Resorts (FHR). I am disappointed with requiring pre-paid bookings being these tend to go through 3rd party sites.
The Platinum card gives complimentary Gold status with Starwood Preferred Guest. However, booking a stay at an SPG property through the amextravel site prevents you from adding your SPG number to the reservation and earn rewards or get the benefits of having Gold status.
So this new reward category forces people to choose whether they want the benefits of any potential status they might hold (like Gold at SPG or Hilton) by booking directly with the hotel or earn 5x points through amextravel.com.
If you’ve read my post about A (Hypothetical) Weekend in Seattle, you’ll know some hotel reward programs allow you to earn points very easily which can equal a free reward night pretty quickly.
Earning points with a hotel program will be better than earning 5x Membership Rewards with the Platinum card most of the time. If you tend to go to which ever hotel is cheapest, instead of sticking with a single hotel program, then 5x points would make more sense for you.
Overview of the Changes and Final Thoughts
Some of these changes I like, such as no annual fee for Gold AU cards, and some were overdue, like the card being made of metal.
I don’t buy airplane tickets, and AirBnB is usually cheaper than a hotel, so the 5x categories aren’t worth much to me if I had the Platinum card. A generic travel credit or travel bonus category like the Chase Sapphire Reserve would serve me much better since I usually buy train tickets.
Do you like these changes, or would you rather not have the higher annual fee and a generic travel category?