Why Did American Express Increase Its Annual Fee to $895? (What It Means for Cardholders in 2025)
Understanding the American Express Fee Increase In 2025, American Express (Amex) announced a major change — the Platinum Card’s annual fee increased from $695 to $895. This change left many cardholders wondering: why the sudden hike? While the increase may seem steep, it’s part of a larger strategy that emphasizes premium benefits, affluent consumers, and …