American Express plans to renew its platinum card later this year
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American Express has made significant updates to its platinum credit card pipeline.
The company’s US Consumer and Business Platinum Cards are expected to receive “major” updates later this year. American Express said.
American Express executive Howard Grossfield said Monday that the company is “to take these cards to the next level not only in terms of travel, food and lifestyle benefits, but also in terms of how they look and how they look to meet the evolving needs of their customers.”
American Express Platinum Card. (American Express)
American Express has promoted access to the airport lounge and the benefits of dining and hotels. Famous credit cards It has already revealed plans to renew it while providing Platinum Cardholders.
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The company has been offering consumer platinum cards in the US since 1984, and has provided a variety of refreshes over the years.
A new update to the American Express Consumer and Business Platinum credit card pipeline marks the company’s “largest investment ever.”
An American Express credit card arranged in New York, USA on Wednesday, October 18th, 2023. (Angus Mordant/Bloomberg via Getty Images)
Those who hold business platinum cards can expect “more benefits that can be used to help their businesses grow” from future refreshes, says American Express.
American Express Business Platinum cardholders, according to the company, have already “flexible spending restrictions adapted based on purchases, payments, credit history, business expenses, virtual cards, rich compensation to cash flow management tools, virtual cards, and access,” and according to the company, have already “adapted based on flexible spending restrictions, business expenses, virtual cards, and access.”
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American Express is not the only credit card issuer with high-end card work renewals.
Owned by jpmorgan chain Last week, Chase told social media that he was “trying to get more rewards” with the Chase Sapphire Reserve credit card this summer.
A tracking sign at its headquarters in New York City on May 11, 2012. (Spencer Platt/Getty Images)
The Chase Sapphire Reserve Card first debuted in 2016.
Another social media post Last week, Chase hinted at launching a Chase Sapphire Reserve credit card for businesses.
The American Express Platinum Card and Chase Sapphire Reserve Card are popular among consumers.
The latter took third place for customer satisfaction among US bank compensation credit cards with annual fees JD Power Study It was released last fall.
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Meanwhile, the American Express Platinum Card had one location at number four behind that category.