American Express Business Platinum Annual Fee To Increase Tomorrow, Should You Apply Now?


Earlier we posted a rumor surrounding new benefits for the American Express Business Platinum, we’ve now had other sources confirm that the annual fee will be increasing tomorrow (no idea if the rumored benefits are accurate but I suspect so).

We also unfortunately do not know what the annual fee will be increased to, the personal platinum recently increased from $550 to $695 ($145 increase). The business platinum is currently $595 so I could see an increase to $695 or even $745.

The best bonus on the Business Platinum card is currently 150,000 points. My guess is that when the annual fee increases we will see a similar bonus but with an additional spending component (e.g the personal platinum offers 125,000 points + 15x on restaurants and small businesses).

It’s hard to know if signing up now before the annual fee increase comes into effect or not makes sense, but it’s something to at least consider if you’re eligible. My gut feel is that signing up now makes sense if you’re not confident you’ll be able to spend big in any possible bonus categories (my guess is that these would be construction/hardware stores, electronic goods, and shipping) and to hold off if you can spend big in those potential categories.

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