TPOL called it. SPG’s no foreign transaction fees on the Amex card was good news, sort of. Today Amex announced that the card’s annual fee of $65, a very reasonable fee, is going up to $95, the standard for all cards. Unless I spend cold, hard currency overseas on SPG hotels in excess of $30 of what would’ve been a 3% charge, I see no overall gain in this added ‘feature’.
The two other benefits, complimentary, Unlimited Boingo Wi-Fi and Sheraton Club Access aren’t a big deal to me because 1)I’m an SPG platinum member and will get Club Access for free 2)I have a Platinum Amex so Boingo and GoGo are an included perk for that $450 annual fee.
What do I get for $95? Nothing but another fee that I have to pay.
Trust in TPOL, he calls it all before it happens without any inside source besides common sense. Next up AA devaluation.