CONSUMER ALERT: Is your premium card really worth the cost anymore?

Amex just hiked the annual fee for its Platinum card to nearly $900 — but most travelers will never get that value back

If you thought $695 a year was steep for the “privilege” of carrying a shiny metal card, brace yourself: American Express just raised the annual fee for its Platinum card to a jaw-dropping $895.

The company swears you’re getting thousands of dollars in perks. But for most cardholders, it looks more like a book of coupons you'll never redeem.

You’re reading the Elliott Confidential Consumer Alert, available exclusively to subscribers. Thank you for your support.