American Express Adds New Platinum Benefits ($200 Hotel Credit, $240 Digital Entertainment, $300 Equinox & More)

American Express has added a number of new benefits to the Platinum card as long rumored. The benefits are as follows:

• $240 digital entertainment credit. This is a credit of $20 per month and can be used on Peacock, Audible, SiriusXM and The New York Times.
• $200 hotel credit. This can be used on select prepaid bookings (Fine Hotels + Resorts^® and The Hotel Collection) when using American Express Travel
• $179 Clear credit
• $300 Equinox credit. This is a $25 credit each month.
• Global Dining Access by Resy
• The Global Lounge Collection
• 5x MR on Air and prepaid hotels (up to $500,000 per calendar year)

The $200 airline credit remains, as does the $550 annual fee currently Annual fee is now $695. I’ve got to say that the digital entertainment credit is disappointing in that it can be used on so few things. The hotel credit is also frustrating to use as it can only be used on Fine Hotels + Resorts® and The Hotel Collection. Obviously this is all a net positive at the moment with no annual fee increase but it’s only a matter of time before it increases to $695. For me personally this is now a net negative. I value the new benefits at less than $145, that might change over time as we learn more about the credits though and different work arounds.