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American Express to Upgrade Platinum Cards: New Benefits, Lounge Access & Revamped Design in 2025

American Express to upgrade Platinum Cards in 2025 with new travel, dining, and business benefits. Expanded lounge access with new Centurion Lounges in Tokyo, Newark, and Salt Lake City.

24 Jun 2025 7:05 PM IST

Amex Platinum Card Revamp: What to Expect

American Express (Amex) is set to revamp its US Consumer and Business Platinum Cards, marking the biggest upgrade in the card’s 40+ year history. These updates focus on enhancing travel, lifestyle, dining, and business features — and aim to attract younger, high-spending demographics like Millennials and Gen Z.

According to Howard Grosfield, President of U.S. Consumer Services at Amex, the card will also receive a sleek new design tailored to evolving consumer tastes.

🛫 Expanded Lounge Access: New Centurion Lounges Incoming

One of the Platinum Card’s biggest strengths has been its unmatched global lounge access, and Amex is doubling down on that advantage:

Over 1,550 lounges worldwide

32 Centurion Lounges currently

3 new Centurion Lounges launching soon in:

Newark Liberty International Airport (EWR)

Salt Lake City International Airport (SLC)

Tokyo Haneda Airport (HND)

These additions aim to strengthen Amex’s position as the leader in premium airport experiences.

💼 New Features for Business Platinum Card Members

Amex is not just focusing on leisure — Business Platinum Card members will also benefit from:

Flexible spending limits

Enhanced cash flow tools

Virtual cards for safer digital payments

Increased rewards on business expenses

Continued access to hotel, lounge, and dining privileges

This move positions the Business Platinum as a powerful financial tool for entrepreneurs and SMEs.

💳 Platinum Fee & Competitive Landscape

In July 2021, Amex raised the Platinum Card annual fee to $695, adding annual $200 hotel credits. Despite this, competitors like Chase Sapphire Reserve and Capital One Venture X have made the space more competitive.

To stay ahead, Amex is introducing new brand partnerships and retaining core lifestyle benefits like:

Travel credits

Exclusive dining access

Hotel loyalty perks

Global lounge network

🧑‍💼 CEO’s Vision: Appeal to Young, Affluent Users

Amex CEO Steve Squeri emphasized that the upgrade reflects the company’s commitment to attracting younger, high-income consumers. These groups are increasingly turning to premium lifestyle cards for travel and business needs.

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