S20E9: Another Credit Card Fee Increase? Why Amex Increased the Platinum Fee to $895 (September 18, 2025)

Send us a text Amex just raised the annual fee on its Platinum card from $695 to $895 — a nearly 30 percent jump. In this episode of Market Outsiders , Jenny Rae and Namaan break down what’s behind the increase, why Amex believes customers won’t walk away, and how the move fits into a broader strategy to protect its premium brand. We dig into questions like: Who really cares about the fee hike? Why didn’t Amex go even higher? And what does this say about the future of credit card perks, co-branding, and the “status symbol” game? Whether you’re a cardholder, a competitor, or just curious about how big financial decisions get made, this conversation reveals the business logic behind the headlines. Related Episodes: Amex’s Profit Jump and the Credit Card Strategy Driving It (July 18, 2025) Chase Sapphire Reserve Fee Hike: Smart Strategy or Customer Risk? (June 17, 2025) Get in Touch Have thoughts on today’s episode? We’d love to hear them. Email us at podcast@managementconsulted.com More Market Outsiders content: Subscribe on YouTube Subscribe to the Market Outsiders feed ( Apple , Spotify ). Connect with Namaan and Jenny Rae on LinkedIn Listen to the Market Outsiders podcast, the new daily show with the Management Consulted team Connect With Management Consulted Schedule free 15min consultation with the MC Team. Watch the video version of the podcast on YouTube ! Follow us on LinkedIn , Instagram , and TikTok for the latest updates and industry insights! Join an upcoming live event - case interviews demos, expert panels, and more. Email us ( team@managementconsulted.com ) with questions or feedback.