Latest news with #PlatinumCards
Time of India
11 hours ago
- Business
- Time of India
American Express hints at a big upgrade to its Platinum Credit card in 'largest investment ever'
American Express Co . teased updates coming later this year to its travel-focused Platinum credit cards, announcing what it called its 'largest investment ever' in a credit-card refresh. Amex announced today major updates coming to its US Consumer and Business Platinum Cards later this year. With these updates, the company is making its largest investment ever in a Card refresh. "More than forty years ago, we introduced the Platinum Card, and we continue to offer Platinum Cards with global servicing, unique benefits and experiences that our Card Members love,' said Howard Grosfield, Group President, U.S. Consumer Services. 'Platinum Card benefits and services resonate across generations, particularly with Millennial and Gen Z who accounted for 35% of total U.S. Consumer spending last quarter. We're going to take these Cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers.' ALSO READ: Why is Trump admin planning to expand travel ban to 36 more countries? Explained in 10 points by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Getasan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo Amex announces major updates to platinum cards With more airport lounge options than any other credit card issuer on the market, American Express offers access to over 1,550 lounges in more than 500 airports around the world and is opening three new Centurion Lounges globally in the next year — Newark, New Jersey; Salt Lake City, Utah; and Tokyo, Japan — bringing the total number of Centurion Lounges to 32. Amex CEO Steve Squeri is aiming to attract more high-spending Millennials and Gen Z consumers to the company's elite customer base. On June 16, he revealed plans for a significant upgrade to the Platinum card, set to roll out later this summer or early fall, as part of the effort to appeal to this younger, affluent demographic, according to Fortune. Live Events The company said this will be its biggest investment ever in a card program. 'We'll see two areas of investments,' adds Howard Grosfield, Group President for U.S. Consumer Services. 'We'll double down on all the things our cardmembers love now. And we'll be adding lots of exciting new brands.' ALSO READ: Juneteenth 2025 in US: Know the upcoming events in Washington DC, Virginia on June 19 In July 2021, Amex raised its Platinum card annual fee to $695 when it also added $200 in annual hotel credits. Since then, the New York-based company has faced intensifying competition for premium credit-card customers, including from JPMorgan Chase & Co.'s Sapphire Reserve card and Capital One Financial Corp.'s Venture X Rewards card, reports Bloomberg. The Amex update will apply to both the US consumer and business Platinum cards, the company said. It didn't provide more specifics on what changes are coming. 'Consumers' appetite for ever-higher annual fees and complex, incentive-driven rewards structures could be tested if demand slows, but the formula has driven growth consistently for decades,' Bloomberg Intelligence analyst Ben Elliott wrote in a note to clients. ALSO READ: Trump Mobile: As President's family announces cell phone company, a journalist's bizarre experience surfaces American Express also plans to update the Business Platinum Card to offer Card Members more benefits they can use to help their companies grow, the company said in a statement. Business Platinum Card members enjoy a flexible spending limit that adapts based on purchase, payment and credit history, business and travel benefits, rich rewards on business expenses, virtual cards and access to cashflow management tools. Business Platinum Card Members can also access the dining, lounge and hotel benefits. Access to American Express's global lounge network is one of the key perks of the Platinum Card. In a recent statement, Amex announced that a new Centurion Lounge is set to open at Tokyo's Haneda Airport within the next year. This adds to its previously revealed plans for new lounges in Salt Lake City and Newark, New Jersey.
Business Wire
16 hours ago
- Business
- Business Wire
American Express Announces Major Updates Coming to U.S. Consumer and Business Platinum Cards ® Later This Year
NEW YORK--(BUSINESS WIRE)--American Express (NYSE: AXP) is announcing today major updates coming to its U.S. Consumer and Business Platinum Cards ® later this year. With these updates, the company is making its largest investment ever in a Card refresh. 'More than forty years ago, we introduced the Platinum Card, and we continue to offer Platinum Cards with global servicing, unique benefits and experiences that our Card Members love,' said Howard Grosfield, Group President, U.S. Consumer Services. 'Platinum Card benefits and services resonate across generations, particularly with Millennial and Gen Z who accounted for 35% of total U.S. Consumer spending last quarter. We're going to take these Cards to a new level, not only in what they offer in travel, dining and lifestyle benefits, but also in how they look and feel, to meet the evolving needs of our customers.' With more airport lounge options than any other credit card issuer on the market *, American Express offers access to over 1,550 lounges in more than 500 airports around the world and is opening three new Centurion Lounges globally in the next year — Newark, New Jersey; Salt Lake City, Utah; and Tokyo, Japan — bringing the total number of Centurion Lounges to 32. American Express continues to invest in its dining and curated hotel programs. Resy serves as a powerful network within American Express providing access to reservations in more than 30 countries at over 20,000 restaurants worldwide, and the recent acquisition of Tock will add 7,000 restaurants, wineries and venues to the platform. With 2,600 curated properties, Fine Hotels + Resorts ® and The Hotel Collection continue to add hundreds of new properties in popular destinations; Fine Hotels + Resorts is the only credit card issuer program that offers guaranteed 4:00 p.m. late check out at over 1,600 locations worldwide. A pioneer of the premium business card experience, American Express also plans to update the Business Platinum Card to offer Card Members more benefits they can use to help their companies grow. Business Platinum Card Members enjoy a flexible spending limit that adapts based on purchase, payment and credit history, business and travel benefits, rich rewards on business expenses, virtual cards and access to cashflow management tools. Business Platinum Card Members can also access the dining, lounge and hotel benefits. In addition, American Express offers access to unique experiences across the U.S. and around the globe, from motor sports and tennis to music festivals and sporting events, all with the powerful backing of award-winning global servicing and digital capabilities. American Express partners with leading brands on the Platinum Card and plans to announce more as part of the Card refresh. The company will announce further updates in the fall. ABOUT AMERICAN EXPRESS American Express (NYSE: AXP) is a global, premium payments and lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services and experiences that enrich lives and build business success. Founded in 1850 and headquartered in New York, American Express' brand is built on trust, security, and service, and a rich history of delivering innovation and Membership value for our customers. With a hundred million merchant locations on our global network in around 200 countries and territories, we seek to provide the world's best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations. For more information about American Express, visit and This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements, which are subject to risks and uncertainties, contain words such as 'expect,' 'intend,' 'plan,' 'aim,' 'will,' 'may,' 'should,' 'could,' 'would,' 'continue' and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including those described in American Express' Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the SEC. The company undertakes no obligation to update or revise any forward-looking statements. Location: U.S.
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
QIB offers big bonus Avios on Qatar Airways cards
Tribune News Network Doha Qatar Islamic Bank has announced an exclusive new offer of up to 60,000 bonus Avios with QIB Qatar Airways Co-branded Visa Signature and Platinum Cards, in collaboration with Qatar Airways Privilege Club and Visa, reaffirming its commitment to providing innovative and empowering financial solutions. The limited-time offer will be valid between 1 May and 30 June, 2025 and will benefit new customers of QIB as well as existing customers without credit cards. New QIB customers who transfer their salary to QIB and get a new QIB Qatar Airways Co-branded Visa Signature or Platinum Card will collect 60,000 bonus Avios or 30,000 bonus Avios respectively on the first transaction with their card. Existing QIB customers who get a new QIB Qatar Airways Co-branded Visa Signature or Platinum Card will collect 30,000 bonus Avios or 15,000 bonus Avios respectively on the first transaction with their card. The minimum salary requirement to qualify for this campaign is QAR 10,000 and further details of the offer are available on Commenting on the launch of the campaign D. Anand, QIB's General Manager – Personal Banking Group, said: 'We are pleased to collaborate with Qatar Airways Privilege Club and Visa to introduce this exclusive offer to our customers. At QIB, we continuously strive to offer tailored financial solutions that are rewarding and provide meaningful benefits. This campaign is another step in our commitment to presenting seamless and rewarding banking experience, ensuring our customers achieve more value through their financial transactions.' Guittard, Senior Vice President Business-to-Customer at Qatar Airways, said: 'We are excited to launch this exclusive new campaign in partnership with QIB and Visa. This limited-time offer provides our members in Qatar with the opportunity to collect substantial bonus Avios with new QIB Qatar Airways Co-branded Cards, which they can enjoy spending on travel and lifestyle rewards of their choice by conveniently accessing the Qatar Airways app. It also highlights our dedication at Qatar Airways Privilege Club to provide unparalleled value for our members by delivering exceptional experiences and exclusive opportunities to make their engagement with us more rewarding.' Shashank Singh, Visa's VP and General Manager for Qatar and Kuwait, said: 'We are delighted to collaborate with QIB and Qatar Airways Privilege Club to launch this exclusive campaign. At Visa, we strive to provide our cardholders with unique, seamless and rewarding payment experiences, all backed by our best-in-class security technology and global acceptance at our 150 million merchant partners worldwide. This campaign is a testament to that commitment, and we are pleased to see QIB and Qatar Airways Privilege Club's efforts to reward their customers. We fully support our longstanding partners in extending the benefits of digital commerce to more consumers in Qatar and contributing to the government's cashless agenda.' Through this campaign, QIB reaffirms its position as a leader in customer-centric banking, providing exclusive benefits that align with the evolving needs of its customers. By integrating financial expertise with the Qatar Airways Privilege Club partnership, the bank continues to elevate its offerings, creating value-driven solutions that support both lifestyle and financial aspirations. With over 300 features and a refined user experience, the QIB Mobile App has become the preferred banking channel for most customers, offering a comprehensive and user-friendly platform for all their banking needs. The App offers customers the ability to have full control of their accounts, cards, and transactions and to fulfil all their banking requirements remotely. In addition, QIB customers can open a new account, apply for personal financing, a Credit Card, or open additional accounts instantly via the QIB Mobile App. Available on the App Store, Google Play, and Huawei AppGallery, customers can download the QIB Mobile App and easily self-register using their active Debit Card information.
