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moderateSeptember 18, 2025American Express · Membership Rewards (The Platinum Card)High Riskfee increase
Annual fee rises from $695 to $895
$695 → $895
Effective immediately for new cardmembers and at the next renewal on or after January 2, 2026 for existing consumer Platinum cardholders (December 2, 2025 for Business Platinum), the annual fee increases by $200. New and enhanced statement credits and benefits were added at the same time. Existing core benefits such as lounge access remained.
What to do: Existing cardholders can use the new credits immediately while still paying the old fee until their next renewal.
