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Spending & Earning

Amex Plans ‘Largest Investment Ever’ in Platinum Credit Card

The Amex update will apply to both the US consumer and business Platinum cards.

Photographer: Mike Stewart/AP Photo

Takeaways by Bloomberg AI

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.

“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,” Howard Grosfield, Amex’s group president for US consumer services, said in a statementBloomberg Terminal Monday.