Latest news with #BusinessPlatinum
New York Post
3 days ago
- Business
- New York Post
American Express has ‘major' refresh in the pipeline for its exclusive platinum cardholders
American Express has significant updates in the pipeline for its Platinum credit cards. The company's U.S. consumer and business Platinum Cards are slated to get 'major' updates 'later this year,' American Express said. Advertisement American Express executive Howard Grosfield said Monday in a statement that the company is 'going to take these Cards to the next 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.' American Express touted the airport lounge access as well as the dining and hotel benefits that the well-known credit card already provides its Platinum cardholders, while revealing its plans to make updates. The company has offered the Consumer Platinum Card in the U.S. since 1984 and has given it various refreshes over the years. The new updates in the pipeline for American Express Consumer and Business Platinum credit cards will mark the company's 'largest investment ever in a Card refresh,' per the company. Advertisement 4 GM Photography – Those who hold the Business Platinum Card can expect 'more benefits they can use to help their companies grow' from the upcoming refresh, American Express said. American Express American Express Business Platinum Card holders already have 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,' as well as dining, lounge and hotel benefits, according to the company. American Express isn't the only credit card issuer that has updates in the works for its high-end card. Advertisement 4 American Express executive Howard Grosfield said in a statement that the company is 'going to take these Cards to the next 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.' GC Images JPMorgan Chase-owned Chase said on social media last week that 'rewards are about to get more rewarding' for its Chase Sapphire Reserve credit card this summer. The Chase Sapphire Reserve card first made its debut in 2016. Another social media post from Chase last week hinted at the launch of a Chase Sapphire Reserve credit card for businesses. JPMorgan Chase Advertisement The American Express Platinum Card and the Chase Sapphire Reserve Card are popular among consumers. 4 JPMorgan Chase-owned Chase said on social media last week that 'rewards are about to get more rewarding' for its Chase Sapphire Reserve credit card this summer. Christopher Sadowski 4 The American Express Platinum Card and the Chase Sapphire Reserve Card are popular among consumers. SockaGPhoto – The latter received the No. 3 spot for customer satisfaction among U.S. bank rewards credit cards that carry annual fees in a J.D. Power study released in the fall of last year. Meanwhile, the American Express Platinum Card placed one spot behind it in that category, at No. 4, according to the study.
Yahoo
4 days ago
- Business
- Yahoo
Amex Platinum refresh adds new lounges, dining perks to appeal to Gen Z cardmembers
American Express (AXP) is planning to refresh its Platinum Card® and Business Platinum Card® later this year in a move meant to make the premium travel card more appealing to the company's fast-growing cohort of Gen Z consumers, Howard Grosfield, Group President, U.S. Consumer Services at American Express, told Yahoo Finance. He declined to give full details of the refresh but said it was aimed at building loyalty to the cards by adding benefits highly valued by cardmembers. 'You're going to see us double down on all the wonderful benefits that our card members love on travel, business, and dining,' Grosfield said, adding that the number of Gen Z cardholders grew 40% year over year in the first quarter of 2025. HIghlights of the refresh include: New premium airport lounges: American Express plans to open three new Centurion Lounges in Newark, Salt Lake City, and Tokyo in the coming year, bringing the total number of global Centurion Lounges to 32. Expanded dining benefits: Amex's 2024 acquisition of reservation platform Tock will add 7,000 new dining experiences to its existing 20,000+ Resy offerings, including a sizable portfolio of wineries. The expansion will give cardholders priority access to more tables in partner establishments. The company confirmed that a refresh is planned for the Business Platinum card but didn't share details, except to say benefits would remain focused on helping businesses Z cardholders aren't balking at the Platinum Card's hefty $695 annual fee, American Express has found. Gen Z developed a subscription-based mindset over years of paying fees for music and entertainment platforms, American Express CFO Christophe Le Caillec said at the June 2025 Morgan Stanley U.S. Financials Conference. He believes younger cardmembers consider the fee worth it due to the experience they get from being Amex customers. While the future Platinum update is intended to appeal to Gen Z — the oldest of whom are in their late 20s — Grosfield believes there's a built-in progression through Amex's product portfolio as Gen Z ages. Grosfield pointed to Amex's 98% retention rate, adding, 'We acquire them once, and we get 20 more years of lifetime to deal with them.' The company hopes that claiming a share of Gen Z's wallet early in their adult lives will make these young cardholders more likely to turn to Amex products as their financial needs evolve: 'We have various suites of products that we can offer them, including personal loans, pay over time, and installment-like lending … as they expand their income and become more successful … we get to grow with them. That's a significant increase in the tremendous amount of lifetime value that they can deliver to us.' While the Amex Platinum has a high annual fee, its many perks and benefits can far offset the yearly cost. We especially like how many of the benefits apply to everyday living, such as using the digital entertainment credit to help cover the costs of your streaming services. However, it's not always easy to use every available benefit, which could cut into the value you get from this Amex Business Platinum shares some of the personal version's best features, such as extensive airport lounge access, while providing additional benefits for business owners. The annual fee is high, but you can get more than enough value from the card's credits and benefits to offset the Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
CNBC
22-05-2025
- Business
- CNBC
Keke Palmer: I didn't take a vacation for the first 15 years of my career—'all of my travel was business'
Keke Palmer has been her family's primary breadwinner for more than 20 years. That responsibility hasn't left much — or, any — room for downtime, she says. "I think for the first 15 years of my career, all my travel was business. All of it. I never took a break. I never had a vacation, none of that," Palmer, 31, tells CNBC Make It. "The last three, four years, my family and I have made it a point to vacation at least [one to two] times a year," plus occasional weekend trips with her 2-year-old son. Palmer has been a working actress since age 9. Her parents gave up their jobs and pension so she could travel for work, making her the family's primary earner at a young age. Having adult-level responsibilities as a kid was time-consuming and 'very, very stressful,' she told The Independent on March 1. The habits she developed during that time — living frugally, saving money and prioritizing work over vacations — became deeply ingrained. "I learned from my parents very early on because they knew their limitations with money and finances," says Palmer, who's currently working with American Express as a spokesperson for the brand's Business Platinum card. "I believe in saving and frugality ... I don't play around with that."Eventually, her longtime mentor Queen Latifah started persistently nudging her to take some time off, she says. "Queen Latifah, who's been another mentor of mine for years, would tell me that all the time," says Palmer. "She said, 'Well, if I do movies for the first six to eight months of the year, those last [few months], I'm off and I'm going on some boat. I'm going in some cave.'" "You've got to really build in those breaks," Palmer adds. "And I've gotten better with that as I've gotten older." Multihyphenate movie stars and people with standard 9-to-5s alike probably need to take time off from work to curb burnout, protect your mental health and stay productive. Fully disconnecting from work while you're on vacation helps — though 54% of workers in the U.S. say they're unable to stop working while on vacation or don't believe they can fully unplug while on PTO, according to a 2022 Glassdoor report. If you're still thinking about work while on vacation, try what organizational psychologist Tasha Eurich calls her "2-2-2 Tool": two minutes of taking some deep breaths, two hours for an activity that helps you decompress — like hanging out with a friend — and a full two-day pause on anything work-related. "Decide what you need in the next two minutes, two hours and two days to get that fighting spirit back," Eurich said in February. ,
