American Express unveils a revamped Platinum Card with enhanced perks like $600 hotel credit and $400 dining credit, now costing $895 annually. Are the benefits worth the price hike?
American Express has raised the annual fee for its Platinum credit card by $200 to $895, introducing new perks worth $1,500, including dining credits and spending allowances at popular brands.
Citigroup launches the Strata Elite card for travelers, aiming to compete with top-tier cards like Chase Sapphire Reserve and Amex Platinum. Is the $595 fee justified?
American Express has achieved record quarterly revenue of $17.9 billion, driven by a surge in card member spending. As millennials and Gen Z embrace premium products, the company faces rising expenses but maintains a positive outlook.
