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- Amex Platinum gets Pricey 💳✨
Amex Platinum gets Pricey 💳✨
New fee: $895, perks: $3,500.
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
⚖️ Warren presses Trump’s AI & Crypto czar on his “overstayed” gig
💳 Amex Platinum card refresh: $895 fee, $3,500 perks
Senator Warren and Rep. Stansbury are questioning David Sacks, Trump’s AI and crypto czar, for allegedly overstaying his government gig.
🚨 Breaking News
Lawmakers claim Sacks may have worked beyond the 130-day limit for temporary employees, raising concerns about ethics and crypto policy influence.
⚡Wire Simplified
David Sacks, a VC, joined Trump’s team as “AI & crypto czar.”
Temporary employees have a 130-day work limit.
Warren, Sanders, and others say Sacks may have stretched the rules.
Sacks insists he’s tracking days carefully and sold $200M in crypto holdings.
Critics fear private interests could mix with public crypto rules.
✔️ Straight to the Point
The fight isn’t just about days, it’s about power, ethics, and whether one man can juggle Silicon Valley and Washington politics.
💭 Do you think Sacks should step down if proven over the 130-day limit? |
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American Express has refreshed its Platinum Card, raising fees but dangling shiny new perks for wealthy spenders and business users.
🚨 Breaking News
The Platinum card’s annual fee jumps from $695 to $895, but Amex promises $3,500 worth of perks in return.
⚡Wire Simplified
New fee: $895, perks: $3,500.
Credits include Uber, Lululemon, Oura, Resy, hotels, Adobe, and Dell.
Perks need enrollment via app (yes, a little homework).
Other banks like JPMorgan and Citi are also upgrading their cards.
Wealthy Americans now drive half the country’s total spending.
✔️ Straight to the Point
Amex bets rich spenders will pay more for perks, but some call it a “coupon book” that demands too much effort.
Everyone wants passive income.
No one wants to actively work for a decade to get it.
The "passive" part is the reward, not the strategy.— Alex Hormozi (@AlexHormozi)
3:05 PM • Sep 17, 2025
I just feel really sorry for founders of great SaaS businesses (where there's no AI component) because fundraising in this market with no AI component and a triple-triple double double SaaS business is just going to be a brutal fundraise
— Harry Stebbings (@HarryStebbings)
8:48 PM • Sep 17, 2025
Singapore FinTech Festival 2025
The world’s largest fintech festival, uniting global financial leaders to discuss payments, AI, and financial inclusion.
Date: Nov 12–14, 2025 | Location: Singapore
What do you think about today’s edition? |
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