Changes To American Express Platinum Cards (New Benefits + Increased Annual Fees)

Updated May 8, 2026
Changes To American Express Platinum Cards (New Benefits + Increased Annual Fees) - Amex platinum changes featured
To the point Changes to the annual fees and benefits of the American Express Platinum Card® and the Business Platinum Card® from American Express took effect on September 26, 2023.

American Express Platinum Cardmembers® and the Business Platinum Cardmembers® from American Express are affected by these changes, as well as those wishing to apply for one of these high-end credit cards.

Changes to American Express Platinum credit cards

American Express Platinum Card®

Here are the changes for the American Express Platinum Card®:

  • Annual fees increase from $699 to $799, from $175 to $250 for additional cards, and from $50 to $0 for additional Gold cards (up to two and $50 after the first year) with limited benefits.
  • The earning rate is reduced from 3 points to 2 points per dollar spent on dining. The other categories remain the same.*
  • The addition of a $200 annual dining credit (based on a list of American Express restaurants)

Changes To American Express Platinum Cards (New Benefits + Increased Annual Fees) - crédit annuel repas 200 amex platine

As for the dining credit, it is important to read the conditions as written by American Express in order to know how to obtain it:

Sign up at the end of the article to download the complete list of eligible restaurants by province!

*As for the change in accumulation, new cardholders who subscribe on or after August 15, 2023 will see their accumulation change as of September 26, 2023, while those who subscribed before August 15, 2023 will see their accumulation per dollar change as of October 26, 2023.

All other benefits, such as lounge access and hotel status, remain the same, as do all the other card features.

Business Platinum Card® from American Express

Here are the changes for the Business Platinum Card® from American Express:

  • Annual fees increase from $499 to $799, from $199 to $250 for additional cards, and from $50 to $0 for additional Gold cards (limit of 99) with limited benefits.
  • New annual travel credit of up to $200
  • New NEXUS credit of up to $100
  • New Annual Wireless Credit of up to $120
  • New Annual Dell Credit of up to $200 ($100 every six months)
  • New mobile device insurance
Changes To American Express Platinum Cards (New Benefits + Increased Annual Fees) - credit platine pme dell bell mobile fr

As for the Annual Wireless Credit, this began on October 1, 2023, and offers a $10 statement credit each month on mobile plan payments, up to a maximum of $120. All other benefits such as points accumulation, lounge access and hotel status remain the same, as do all other card features.

Read this article to find out how to use the $120 Annual Mobile Credit.

Bottom Line

These two American Express Cards are Premium Cards. Today, they are the most expensive cards in Canada, with a $799 annual fee.

In exchange, you’ll receive an excellent welcome bonus and numerous benefits, such as unlimited access to airport lounges and a $200 annual travel credit.

Since these are high-end credit cards, you need to take into account the minimum spending required to earn the welcome bonus, i.e. $7,500 in 3 months for the Business Platinum CardMD from American Express and $10,000 in 3 months for the Business Platinum CardMD from American Express.

Get inspired by our tips for unlocking welcome bonuses.

Go further with American Express Membership Rewards

To maximize your Membership Rewards earning, check our complete American Express Membership Rewards program guide and our best American Express Membership Rewards credit cards ranking, updated monthly by the Milesopedia team.

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Marie-Ève Leclerc
Marie-Ève Leclerc
Marie-Ève, Web Director at Milesopedia, is an expert in budget travel and a slow travel enthusiast. Specializing in Aeroplan, Scene+, and Marriott Bonvoy programs, she spends nearly six months a year abroad, making travel her way of life. Constantly seeking the best waves to surf, excellent coffee, and strategies to extend her travels, she is often found in coworking spaces with fellow digital nomads or by the sea, watching the sunset.
All posts by Marie-Ève Leclerc

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