Amex Platinum Card changes confirmed, Chase increasing annual fees, new premium credit cards & more…

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The last few weeks have been frenetic when it comes to the credit card space. While Amex’s CEO has confirmed that the Amex Platinum Card will see changes and a higher annual fee, Bank of American has now announced a brand new premium credit as well. That and more as we round up some of the stories from the week gone by.

Amex CEO confirms American Express Platinum Card fee hike, hints about new benefits

During their most recent earnings call, CEO Steve Squeri teased some of the upcoming changes to the Amex Platinum Card and the Business Platinum card. We should see a higher annual fee on both products, in addition of a refresh of existing benefits on both cards.

Chase to hike annual fees on more credit cards

Chase is also refreshing its co-branded credit card lineup with Southwest. While Chase is adding benefits, it’s also increasing annual fees on their cards across the board.

Fearing ICE raids, U.S hotels ramp up background checks

Hotel owners in the US are feeling the heat as authorities are conducting raids at multiple locations. Fearing ICE raids, hotels are now stepping up compliance and doing rigorous background checks of hotel staff.

According to the latest data from Hireology, a human resources and recruitment management company that tracks hiring and employment trends across hundreds of U.S. hotels, hotel hiring managers requested 36 percent more background checks from January to June 2025 compared with the same period in 2024.

Some Delta cards still offering up to 100,000 Miles

We saw multiple Delta offers end a couple of weeks back. However, a few offers are still available and I was able to pull them up on the American Express website. With these offers, you can earn up to 100,000 Delta SkyMiles from a single credit card welcome bonus.

Tis the year of premium credit cards, which one are you getting?

The premium credit card wars are heating up. Firstly, Chase relaunched the Sapphire Reserve and also launched a brand new Chase Sapphire Reserve for Business, both with annual fees as high as $795. Amex is about to relaunch their premium lineup this Fall, Citi has a new card out soon and now Bank of American has also joined the fray.

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