American Express Announces Major Updates Coming to U.S. Consumer and Business Platinum Cards® Later This Year

NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) is announcing today major updates coming to its U.S. Consumer and Business Platinum Cards^® later this year. With these updates, the company is making its largest investment ever in a Card refresh.

“More than forty years ago, we introduced the Platinum Card, and we continue to offer Platinum Cards with global servicing, unique benefits and experiences that our Card Members love,” said Howard Grosfield, Group President, U.S. Consumer Services. “Platinum Card benefits and services resonate across generations, particularly with Millennial and Gen Z who accounted for 35% of total U.S. Consumer spending last quarter. We’re going to take these Cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers.”

With more airport lounge options than any other credit card issuer on the market^*, American Express offers access to over 1,550 lounges in more than 500 airports around the world and is opening three new Centurion Lounges globally in the next year — Newark, New Jersey; Salt Lake City, Utah; and Tokyo, Japan — bringing the total number of Centurion Lounges to 32.

American Express continues to invest in its dining and curated hotel programs. Resy serves as a powerful network within American Express providing access to reservations in more than 30 countries at over 20,000 restaurants worldwide, and the recent acquisition of Tock will add 7,000 restaurants, wineries and venues to the platform. With 2,600 curated properties, Fine Hotels + Resorts^® and The Hotel Collection continue to add hundreds of new properties in popular destinations; Fine Hotels + Resorts is the only credit card issuer program that offers guaranteed 4:00 p.m. late check out at over 1,600 locations worldwide.

A pioneer of the premium business card experience, American Express also plans to update the Business Platinum Card to offer Card Members more benefits they can use to help their companies grow. Business Platinum Card Members enjoy a flexible spending limit that adapts based on purchase, payment and credit history, business and travel benefits, rich rewards on business expenses, virtual cards and access to cashflow management tools. Business Platinum Card Members can also access the dining, lounge and hotel benefits.

In addition, American Express offers access to unique experiences across the U.S. and around the globe, from motor sports and tennis to music festivals and sporting events, all with the powerful backing of award-winning global servicing and digital capabilities. American Express partners with leading brands on the Platinum Card and plans to announce more as part of the Card refresh.

The company will announce further updates in the fall.

ABOUT AMERICAN EXPRESS

American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success.

Founded in 1850 and headquartered in New York, American Express’ brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in around 200 countries and territories, we seek to provide the world’s best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit americanexpress.com and americanexpress.com/en-us/newsroom.

Cautionary Note Regarding Forward-Looking Statements

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements, which are subject to risks and uncertainties, contain words such as “expect,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “continue” and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express’ Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the SEC. The company undertakes no obligation to update or revise any forward-looking statements.

* as of 10/2024

Location: U.S.