Leaked Amex Terms Show $600 FHR Credit for Platinum Cards

$600 FHR Credit for Platinum Cards?

American Express revealed in June that it will soon revamp its consumer and business Platinum cards. Officially, Amex has only shared that  “major updates” are coming to its U.S. Consumer and Business Platinum Cards this fall.

But we already know, and suspect a few things. These changes will likely be announced on September 18, 2025 and the 35% points rebate will have new restrictions for Business Platinum cardholders. The annual fee will likely jump to $895 for both cards.

Then today Amex leaked information on an important benefit. Consumer and Business Platinum Cards will likely get an annual $600 credit for eligible prepaid Fine Hotels + Resorts® and The Hotel Collection bookings.

The details were briefly shared here, but were then removed a few hours later. Here’s the relevant text:

• U.S. Consumer Platinum Card Account are eligible to receive up to $300 in statement credits semi-annually (January to June, and July to December) for up to a total of $600 per calendar year, when they or Additional Platinum Card Members use their Cards to pay for eligible prepaid Fine Hotels + Resorts® and The Hotel Collection bookings made through American Express Travel (meaning through amextravel.com, the Amex Travel™ App, the Amex® App, or by calling the phone number on the back of your eligible Card) or when Companion Platinum Card Members on such Platinum Card Accounts pay for eligible prepaid bookings for The Hotel Collection made through American Express Travel (meaning through amextravel.com, the Amex Travel™ App, the Amex® App, or by calling the phone number on the back of your eligible Card).
• U.S. Business Platinum Card Accounts are eligible to receive up to $600 in statement credits per calendar year when they or eligible Employee Card Members on the Card Account use their Cards to pay for eligible prepaid Fine Hotels + Resorts® and The Hotel Collection bookings made through American Express Travel (meaning through amextravel.com, the Amex Travel App™, the Amex® App, or by calling the phone number on the back of their eligible Card). Purchases by both the Basic Card Member and any Employee Card Members on the Card Account are eligible for statement credits. The total amount of statement credits for eligible purchases will not exceed $300 semi-annually for a total of up to $600 per calendar year in statement credits across all Cards on the Card Account. Each semi-annual eligibility period is defined as January to June and July to December. Starting on September 18, 2025, customers will have $300 available for use, expiring on December 31, 2025. Fine Hotels + Resorts® program bookings may be made only by eligible U.S. Business Basic and Employee Business Platinum Card Members.

You can still read the full text here.