Amex Platinum Charge goes metal, fee jumps to ₹60,000
American Express moves the Platinum Charge from plastic to metal and raises the annual fee 20% to ₹60,000 plus taxes, adding 3X earning on overseas spends and a new Mumbai T2 lounge.
American Express finally gave Indians a metal card to flex — then sent the bill. From 30 October 2018, the Platinum Charge sheds its plastic for metal, and the annual fee climbs 20%, from ₹50,000 to ₹60,000 plus taxes.
To Amex’s credit, this isn’t a pure cash grab. Overseas spending now earns 3X — a genuine tripling on the category where a card like this should shine — and a new lounge at Mumbai T2 joins the package. The card you’re paying more for is materially better than the one it replaces.
Call it a repricing, not a stealth nerf: benefits up, fee up, everything in the open. That honesty is rarer than it should be in this market.
Our take: at ₹60,000 plus taxes, the maths now demands real international spend. If your Platinum Charge case was built on Taj vouchers alone, the 20% fee hike just ate your margin — the 3X overseas earning is where the new fee gets paid back, or it doesn’t.