American Express is planning the largest investment to revamp its Amex platinum cards, which are expected to be rolled out in the latter half of 2025.

JPMorgan Chase teased fans of its Sapphire Reserve premium credit card that a new 2025 version will be out this summer prompting competitors to react.

Chase announced changes to its Sapphire Reserve card, boosting the annual fee to $795 a year and adding additional perks.

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.

The company’s U.S. consumer and business Platinum Cards are slated to get “major” updates “later this year,” American Express said.

And he’s starting to give hints of just how exactly he plans to lure more of them to the fold, announcing on June 16 that the company will implement a big upgrade late this summer or in the early fall to its Platinum card.

Many banks offer credit cards with rotating bonus categories, like the Citi® Dividend Platinum Select® Visa® Card, which now offers 5% cash-back for Q3 2025.

The Amex Platinum Card can completely cover your Disney+, Hulu, and ESPN+ bundle with its digital entertainment credit. Learn how to use it today.