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The American Express Platinum Card has increased its annual fee to $895.

Cardholders now receive up to $300 twice a year for hotel bookings.

Benefits include credits for Uber, CLEAR+ membership, and airline baggage fees.

An exclusive credit card just overhauled its benefits, providing more value for travelers.

But it will also cost more money — a hefty $895 per year.

The newly refreshed American Express Platinum Card includes a more generous statement credit benefit for hotels booked with one of the credit card company's travel collections.

There's also new and improved benefits for rideshares with Uber, expedited airport security with CLEAR+, credits for airlines' baggage fees and access to airport lounges worldwide.

Here's what travelers should know about the

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