American Express has added a number of new benefits to the Platinum card as mentioned in our other blog post. The benefits are as follows:
$240 digital entertainment credit. This is a credit of $20 per month and can be used on Peacock, Audible, SiriusXM and The New York Times.
$200 hotel credit. This can be used on select prepaid bookings (Fine Hotels + Resorts® and The Hotel Collection) when using American Express Travel
$179 Clear credit
$300 Equinox credit. This is a $25 credit each month.
Global Dining Access by Resy
The Global Lounge Collection
5x MR on Air and prepaid hotels (up to $500,000 per calendar year)
The $200 airline credit remains, Annual fee is now $695. I’ve got to say that the digital entertainment credit is disappointing in that it can be used on so few things. The hotel credit is also frustrating to use as it can only be used on Fine Hotels + Resorts® and The Hotel Collection. For me personally this is now a net negative. I value the new benefits at less than $145, that might change over time as we learn more about the credits though and different work arounds.
Conclusions? The first move in a competition with other card companies that inspired Chase to make it's changes we discussed before.