Amex Platinum New statement credits for Walmart and SoulCycle

0

Personal Finance Insider writes about products, strategies, and tips to help you make informed decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. The conditions apply to the offers listed on this page. Read our editorial standards.

The American Express Platinum Card® is one of the best travel rewards cards. With an annual fee of $ 695, it’s certainly for fans of more advanced award travel, but if you can take advantage of its airport lounge access and statement credits for Uber, Saks and more, you can get hundreds of dollars every year.

Amex just added even more statement credits to the card. Now cardholders can recover up to $ 12.95 each month to cover the cost of a Walmart + membership, plus an annual credit of $ 300 after purchasing a SoulCycle home bike. Keep reading to see how these new perks work.

Regular APR

See the APR of compensation over time

Featured Reward

100,000 Membership Rewards points after spending $ 6,000 in your first 6 months of the card membership, plus 10 times the points on qualifying purchases with the card at restaurants around the world and when you buy Small in the States United, up to $ 25,000 in combined purchases, during your first 6 months of membership

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

  • Advantages and disadvantages

  • Details


  • Advantages
    • Extensive list of travel benefits, including airport lounge access and complimentary Elite status with Hilton and Marriott (registration required)
    • Annual statement credits with Saks and Uber
    The inconvenients
    • The bonus categories leave something to be desired
    • One of the highest annual fees among premium travel cards
    • Earn 100,000 Membership Rewards® points after spending $ 6,000 on purchases with the card during your first 6 months of card membership.
    • Plus, earn 10x more points on qualifying Card purchases at restaurants around the world and when you make small purchases in the United States, up to $ 25,000 in combined purchases, during your 6 first months of membership to the Card.
    • Earn 5 times more Membership Rewards® points for flights booked directly with airlines or with American Express Travel up to $ 500,000 on these purchases per calendar year.
    • Earn 5 times more Membership Rewards® points on prepaid hotels booked with American Express Travel.
    • $ 200 Resort Credit: Earn $ 200 credit on your statement each year on Fine Hotels + Resorts® or The Hotel Collection prepaid reservations with American Express Travel when you pay with your Platinum Card®.
    • $ 240 Digital Entertainment Credit: Get up to $ 20 in statement credits each month when you pay for qualifying purchases with the Platinum® card of your choice from one or more of the following providers: Peacock, Audible, SiriusXM and The New York Times. Registration required.
    • New! American Express has expanded the Centurion® network to include more than 40 Centurion lounges and studios around the world. Now there are even more places where your Platinum Card® can give you free entry and exclusive benefits.
    • $ 200 Airline Fee Credit: Get up to $ 200 in statement credits per calendar year in baggage fees and more from an eligible airline.
    • $ 200 Uber Cash: Enjoy Uber VIP status and up to $ 200 in Uber savings on grocery or meal orders in the United States each year. Uber Cash and Uber VIP statuses are for base cardholders only.
    • Equinox $ 300 Credit: Get up to $ 25 cashback each month on select Equinox subscriptions. Registration required.
    • $ 179 CLEAR® Credit: Use your card and get up to $ 179 in rebate per year on your CLEAR® membership.
    • Annual fee of $ 695.
    • Conditions apply.

    Read our review
    Read our review A long arrow, pointing to the right

    Get a refund for a Walmart + subscription

    The first new Platinum card statement credit is for Walmart’s subscription service, Walmart +. The service gives you free delivery to Walmart stores, free delivery with no minimum order, drug store discounts, and more.

    Walmart + costs $ 12.95 per month, and if you pay with the Platinum Card, the full amount will be refunded as a credit on the statement. It’s a nice change of pace from some of the other card statement credits, like the Uber Monthly Credit, which don’t necessarily cover the full cost of your purchase. If you’re shopping at Walmart, taking advantage of this new perk is a no-brainer.

    $ 300 credit towards the purchase of a SoulCycle home bike

    Amex expands its wellness benefits – and its partnership with Equinox – with the second new statement credit. The Platinum Card already offers up to $ 300 in statement credits per year (divided into credits of up to $ 25 per month) to reimburse you for Equinox memberships **, including in-person Equinox gym memberships and a membership to the Equinox + mobile application.

    Now the card also offers an annual credit of $ 300 on your statement if you purchase a SoulCycle home bike through your Equinox + membership. This will not by far cover the total cost of the bike; it costs $ 2,500, but if you’re already thinking about getting a stationary exercise bike, this new perk might come in handy.

    Interestingly, Amex says you can use this $ 300 credit up to 15 times in a calendar year. So if you’re stocking up on SoulCycle bikes for the whole (extended) family, this new perk is for you.

    Keep in mind that you need an Equinox + subscription to be eligible for this benefit, and you must debit the full price of the bike from your card in one transaction.

    Other reasons to consider the Amex Platinum

    Whether or not the new Walmart + and SoulCycle bike statement credits are useful to you, the Platinum Card might be worth a visit if you love to travel and appreciate premium perks like access to airport lounges, airport status, elite with Hilton and Marriott, and the ability to obtain late check-out and onsite hotel credits through Amex Fine Hotels & Resorts.

    Apart from this, the Platinum card offers a welcome bonus of 100,000 Membership Rewards points after spending $ 6,000 during your first 6 months of the card membership, plus 10 times the points on qualifying purchases on the card. card in restaurants around the world and when shopping in the United States. , up to $ 25,000 in combined purchases, during your first 6 months of subscription to the card.

    You can redeem Amex Membership Rewards points for travel with airline and hotel partners, including Delta, Hawaiian Airlines, and Marriott, and the points never expire.


    Source link

    Leave A Reply

    Your email address will not be published.