American Express Co. dished out updates that there could be possible changes to the Amex Platinum credit cards by end of 2025.

In a bid to attract more high-spending Millennials and Gen Z-ers, American Express (NYSE: AXP) is set to roll out significant updates to its U.S. Consumer and Business Platinum Cards later this year.

American Express is teasing “major updates” to its U.S. Consumer and Business Platinum cards. The company did not provide exact details on the update, but said Monday it will be the company’s “largest investment ever in a Card refresh.

Talk about sticker shock: Your premium-rewards credit card might soon carry a $1,000 annual fee. At least that’s what some card and rewards experts are saying, particularly with the news that American Express AXP is planning to revamp its Amex Platinum card, which already carries a $695 fee.

Justin is a banking and investments industry veteran ... in the first 90 days of your account opening. The Plum Card® from American Express is an intriguing option. This small business card ...