AMEX Platinum Business Card Update 2025

Did you hear the bad news about the MX Platinum business card update? Not only did they raise the annual fee by an additional $200 for a total of $895, but they also removed one of the very best benefits. You used to be able to redeem your points with a 35% rebate towards any domestic airfare or any international business or first class flights. You can no longer do that. Now you have to select only one airline for the entire year and that's the only place you can redeem your miles. and it has to be a domestic carrier. They did add a nice new benefit of $600 per year towards hotels. That means in the first half of the year, you could book a hotel for $300 and the second half of the year, you could use the other $300. But the really great update is the 2x spend category in all of these categories and any purchase over $5,000 up to $2 million per year. That benefit used to be 1.5 points per dollar. And this 33% increase is actually huge for business owners. And I I think AMX was being really strategic here. I think they don't want regular people having these cards. There's a very high annual fee and there's not a lot of benefits for regular consumers. Unlike the Ammex Platinum personal card that they added a ton of great benefits and that's an awesome card for everybody to get. This business card is much more niche and that's intentional because they want business owners to be using this card on large purchases. And to double down on that, they added another benefit. After spending $250,000 on this card, you unlock $1,200 back in Airfare and a $2400 MX1 AP credit. Unlike the Platinum personal card update, which I really liked. I was a huge fan of it. I I really didn't see any downside besides the annual fee raise, and the new benefits far outweighed those. With the business card, I could see a lot of people closing this card because of this update. What are your thoughts on the new platinum card updates?