I remember reading something early 2020 that AMEX had "mentioned briefly" during some Press Event or Quarterly Earnings Meeting that they were looking to introduce a new card that would slot ABOVE Platinum but still BELOW Centurion (Black) and this card would have a higher AF but also different benefits. It was also stated that the card would be released last year but apparently COVID changed their course.
I am wondering if they are still contemplating that with this rumored change.
Thanks for sharing....
@cashorcharge you are correct - there was a rumor on One Mile at a Time article about a new Amex card that fits between the Platinum and Centurion card:
Rumored to be: Amex Black or Amex Titanium
I hope my personal Platinum does not have an AF increase - it's already pricey with an AU ($175) on top of the $550.....
I can swallow the $550 for the card but if it goes up like this, I can't see a way to justify it. It almost sounds like they're just moving Plat upmarket into the role they envisioned for the newly-announced card, with the AF increase and mention of it becoming less about travel and more about lifestyle. Barring a better MR earnings structure to reflect the higher cost to have it, I'll likely close mine at the one-year mark.
If the Plat goes up to $695, I was thinking of downgrading the card to the Gold where it's more affordable and I keep my MR points which I have farmed for many years...
Welp, as always, if the benefits are something that fit with my lifestyle, I'm not necessarily afraid of a fee increase.
But of course, this is going to require a serious re-evaluation of that if true.
Good, I hope they increase it to $1000 to lessen the crowd in Centurion Lounges. When it was open, Theres never a day i go inside thats not crowded.
Good to have that option. I have Gold already and don't really care about getting Green, as I can cover most of its benefits between my Gold and BCP cards. If they revise the earnings structure, mainly through MR multipliers on spending categories, that could be a different story, but at 1 MR per dollar outside the travel portal, this would likely end up being a lost tradeline in my case.
The continual Amex AF increases brings to mind this scene from Animal House:
Thanks for the link.
I have been quite happy with the approach AMEX has taken on their cards in the last year. I will look forward to the newly identified benefits for the "Lifestyle" category. I expect the added benefits and credit opportunities will make up for the fee increase.