[Rumor] American Express Platinum Annual Fee Increasing From $695 To $895

There is a rumor circulating based on a qwww link (American Express often tests things there first before launching) that the annual fee on the American Express Platinum card will be increasing from $695 to $895. Presumably the Business Platinum will be similar.

We’ve been expecting an annual fee increase during the Fall 2025 refresh on the Platinum card, and so this isn’t exactly a surprise. Without a doubt, there will be many benefits and credits being added/changing during the refresh as well. For now we just know this rumor of the annual fee increase.

Interesting to see banks one-upping each other to see who can have the highest annual fee, after the Sapphire Reserve increased their annual fee from $550 to $795. 

Hat tip to reddit user oxymoronic99