*RUMOR!* Amex Platinum Card $695 ANNUAL FEE?! (PLUS New Benefits & Centurion Lounge Changes!)

WOW! The Amex Platinum Card may be getting an annual fee hike to $695, PLUS all-new benefits later in 2021 and some changes to Centurion Lounge guest access. Click “Show More” to see Ad Disclosure. 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull RUMOR #1: Amex Platinum Card to eliminate free guest access to Centurion Lounges. Source… https://www.doctorofcredit.com/american-express-will-no-longer-offer-free-guest-access-to-centurion-lounges Summary… 1. Amex Platinum Card guest access to the Centurion Lounge will cost $50 per person per visit 2. WHAT IS AFFECTED - Personal Platinum Card accounts, including authorized user cards - Business Platinum Card accounts, including employee card accounts 3. WHAT’S NOT AFFECTED - Corporate Platinum Card accounts - Centurion Card accounts 4. WAIVE $50 fee by spending $75,000+ on Platinum Card. Waiver is effective for: - Remainder of year in which it was earned - Entire year that follows - Thru Jan. 31 of the year after that - EXAMPLE: If you earn Free Guest Access starting 5/01/2023, you’ll maintain that access thru 1/31/2025. Analysis… - Good for solo travelers & to reduce overcrowding. - Bad for traveling with others and/or traveling as a family. Workaround… - $175 authorized user fee covers up to 3 users, all of which get their own Centurion Lounge access. 1 AU = $175 per person | 2 AUs = $87.50 per person | 3 AUs = $58.33 per person RUMOR #2: Amex Platinum Card to receive New Benefits & an Increased Annual Fee Source… https://www.doctorofcredit.com/rumor-american-express-to-increase-personal-platinum-annual-fee - New Annual Fee = $695 - New Benefits… - $300 Equinox credit - $240 entertainment credit | $20 per month towards: magazine/news subscriptions, video streaming services & audio/music streaming services - $200 credit for prepaid hotel bookings - Annual CLEAR membership ($180/yr. value) - $100 Resy credit – temporary TOTAL VALUE = $1,020 ($325 profit after annual fee) IF…Amex maintains the $200 Uber / Uber Eats credit, $200 Airline Fee Credit & $100 Shop Saks With Platinum Credit… THEN…the total value of the Platinum Card would be $1,520 ($825 profit after annual fee) Analysis… - Good for Equinox members & travelers who normally pay for CLEAR and hotels - Bad for non-Equinox members & travelers who stay at Airbnbs and don’t use CLEAR What to do… - If you LIKE the current Platinum Card but do not have it, consider getting it now while it’s still $550. Then reconsider the Card a year later. - If you LIKE the current Platinum Card and already have it, consider downgrading / canceling the card when the new annual fee hits. - If you DON’T LIKE the current or new Platinum Card, simply ignore the hype and focus on other cards Oh and secretly I do hope all this means an Amex Optio Card will be released at some point (or whatever it may be called) :D The gap between a $550 - $695 Amex Platinum Card and a $5,000 Amex Centurion Card is MASSIVE. Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #creditcards #amexplatinum #americanexpress