American Express has made some negative changes to the Platinum card.
- Annual fee for authorized user cards has increased to $195 for each card. Previously it was $175 for three additional cards.
- Sign up bonus has new restrictive language:
You may not be eligible to receive a welcome offer if you have or have had this Card, the Platinum Card® from American Express Exclusively for Charles Schwab, the Platinum Card® from American Express Exclusively for Morgan Stanley or previous versions of these Cards. You also may not be eligible to receive a welcome offer based on various factors, such as your history with credit card balance transfers, your history as an American Express Card Member, the number of credit cards that you have opened and closed and other factors. If you are not eligible for a welcome offer, we will notify you prior to processing your application so you have the option to withdraw your application.
- Some minor changes to the digital credit. WSJ has been added as an option, Audible has been removed as of October 1, 2023.
Our Verdict
Very annoying that Audible has been removed as an option, but the authorized user fee change and also more restrictive sign up bonuses are even worse.
Source: doctorofcredit.com