American Express has announced its intention to make its Platinum and Business Platinum credit cards more appealing to Gen Z, according to a Yahoo Finance report.

And he’s starting to give hints of just how exactly he plans to lure more of them to the fold, announcing on June 16 that the company will implement a big upgrade late this summer or in the early fall to its Platinum card.

American Express said it would expand its lounge network by opening new Centurion Lounges in Newark, Tokyo and Salt Lake City.

Talk about sticker shock: Your premium-rewards credit card might soon carry a $1,000 annual fee.

The company’s U.S. consumer and business Platinum Cards are slated to get “major” updates “later this year,” American Express said.

If past card revamps are any indication, the annual fees on Amex Platinum and Business Platinum will almost certainly see increases as part of the planned changes. But just how high could they go?

JPMorgan Chase announced Tuesday it's raising the annual fee of the popular Chase Sapphire Reserve credit card to $795.

On Monday, American Express announced that it will be making "major updates" to some of its most beloved and rewarding cards. The issuer said that The Platinum Card® from American Express and The Business Platinum Card® from American Express will be receiving a full revamp later this year.