AmEx Plans New Perks to Lure Platinum Members to Centurion

Photographer: Patrick T. Fallon/Bloomberg
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American Express Co. will focus on refreshing many of its most popular cards next year to help retain fee-paying customers and persuade more of them to upgrade.

The push will come amid expectations that card-fee growth will slow in 2021 to a percentage in the single digits, Chief Executive Officer Steve Squeri told investors at a conference Tuesday.