The Platinum Card® from American Express announced that its annual fee just went up. Learn how to decide if the new credits, perks, and lounge access are worth it.

Is the Amex Platinum worth its higher annual fee? How do you maximize new statement credits without lifestyle creep? Hosts Sally French and Meghan Coyle discuss the Amex Platinum’s updated perks, including dining, hotel credits, and streaming, to help you understand whether its perks outweigh the new $895 annual fee. But first, they break down the latest travel headlines, including a limited-time Chase Sapphire Preferred restaurant promotion, a Hilton points devaluation at luxury brands like Waldorf Astoria, and San Diego International’s Terminal 1 reopening with improvements to its parking, seating, and TSA checkpoints.

Then, Meghan and Sally dig into the Amex Platinum overhaul, with tips on stacking quarterly dining credits, booking through Fine Hotels + Resorts (FHR) for added perks, and valuing lounge visits against airport food costs. They also cover how to split hotel credits across the year, make the most of digital entertainment subscriptions, and avoid overspending just to “use the credits.” The conversation closes with comparisons to Chase Sapphire Reserve, Capital One Venture X, and the Amex Gold Card, plus guidance on whether to keep the Platinum based on city access, travel frequency, and realistic usage.

Card benefits, terms and fees can change. For the most up-to-date information about cards mentioned in this episode, read our reviews:

American Express Platinum Review: Top-Notch Lounge Access, Big Credits https://www.nerdwallet.com/reviews/credit-cards/american-express-platinum 

Chase Sapphire Preferred Review: Strong Option for Travel Rewards https://www.nerdwallet.com/reviews/credit-cards/chase-sapphire-preferred

Hilton Honors Aspire Review: Rich Rewards, Luxury Perks for a Price https://www.nerdwallet.com/reviews/credit-cards/hilton-honors-aspire 

Chase Sapphire Reserve Review: A High-End, High-Maintenance Card https://www.nerdwallet.com/reviews/credit-cards/chase-sapphire-reserve

Capital One Venture X Review: A Worthy Option Among Premium Cards https://www.nerdwallet.com/reviews/credit-cards/capital-one-venture-x 

American Express Gold Card Review: Dining Rewards Royalty https://www.nerdwallet.com/reviews/credit-cards/american-express-premier-rewards-gold 

Resources discussed in this episode:

How Much Are Travel Points and Miles Worth in 2025? https://www.nerdwallet.com/article/travel/airline-miles-and-hotel-points-valuations 

5 Best Credit Card Points Programs and Who They Partner With https://www.nerdwallet.com/article/travel/heres-how-you-can-transfer-your-points-from-any-major-credit-card-issuer 

Want even more tips and tricks to get the most out of your travel dollars? Subscribe to TravelNerd, our free newsletter designed to help you crack the code on spending less on your travel.  

In this episode, the Nerds discuss: Amex Platinum annual fee, Amex Platinum credits, Amex Platinum lounge access, Centurion Lounge access, Fine Hotels and Resorts credit, Amex Platinum hotel credit, Rezzy dining credit, digital entertainment credit Amex, Hilton points devaluation, Waldorf Astoria award points, Hyatt award chart, booking direct vs travel portal, hotel elite night credits, transfer partners comparison, maximizing quarterly credits, travel credit stacking, lounge food vs airport meals, lifestyle creep with statement credits, city vs non-city card value, dining reservation platforms comparison, Chase Sapphire Reserve vs Amex Platinum, Capital One Venture X vs Amex Platinum, Amex Gold vs Platinum, budgeting for premium annual fees, how to decide if premium credit cards are worth it, balancing multiple premium cards, real-world math on credit card perks.

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