American Express has announced a significant revamp of its Platinum Card, raising the annual fee to $895 while adding a host of new benefits designed to enhance its appeal for luxury consumers. Among the updates are additional travel perks, including a $400 dining credit, a $600 hotel credit, and hundreds of dollars in other credits and rewards. The new pricing structure and benefits aim to position the card competitively against other premium offerings in the market. As Amex enhances the value of its card, many are left pondering whether the new perks justify the higher fee.