Changes coming to The Business Platinum® Card from American Express in 2019
Updates to include free access to WeWork, an increased annual fee and more
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The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy
AmEx has announced several upcoming changes to The Business Platinum® Card from American Express. Slated to go live in February 2019, the updates include complimentary WeWork access, an annual Dell statement credit, a $100 annual hotel credit and an increased annual fee.
See the updates at a glance:
- Platinum Global Access – Cardholders will receive free access to WeWork, a global network of workspaces, for a year.
- Dell statement credit – Receive up to $200 in statement credits annually for any Dell technology purchase.
- Increased hotel credit – The hotel credit for Hotel Collection stays will increase from $75 to $100. The boost will apply to reservations made after January 2019.
- Higher annual fee – The annual fee will increase from $450 to $595.
Is it worth it?
While the new perks add more value to the Business Platinum card, they also come at a price. American Express is upping the annual fee for the Business Platinum card to $595 – $145 higher than the card’s current fee. The increased annual fee will go into effect for new cardholders in February 2019, while existing cardholders will begin paying the higher fee on their first card renewal date on or after February 2019.
That said – for business owners who rent shared workspaces or use Dell products – the value of the Business Platinum card’s added benefits far outweighs the expensive annual fee. According to American Express, the Platinum Global Access benefit is worth $2,700. Once you combine that with the Dell statement credits and increased hotel credit, you can potentially squeeze $2,925 from the new benefits in one year alone.
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