If you’re thinking about applying for some of the top-tier American Express cards to take advantage of the recently added credits, now might be the time to act.
The American Express Platinum Card has received a substantial update, including credits for purchases up to $75 at U.S. Lululemon locations (outlets excluded) and up to $100 at U.S. regenerative restaurants (you’ll need to register first), with these available quarterly online.
As for the American Express Business Platinum Card, while it hasn’t introduced new credits, it’s still a good reminder to utilize any existing credits effectively.
Both cards come with appealing welcome bonuses for new members, which can be immediately accessed for online purchases. Here are some reasons why applying now might be beneficial before the end of September:
New Card Member? Get an Instant Card Number
Great news! If you’re looking at the Amex Platinum, you can apply online and receive an Instant Card Number. You can start using it for online shopping and even add it to your digital wallet like Apple Pay, while waiting for your physical card to arrive in about a week.
Through this application, you might qualify for 175,000 bonus points after spending $8,000 in the first six months. Of course, welcome offers can differ, and you might not be eligible for all of them.
Once approved, you can register for statement credits to maximize your benefits before September ends.
For newcomers, the Amex Business Platinum Card currently offers the most public bonus—a generous 200,000 points after spending $20,000 on eligible purchases within the initial three months.
You’ll also get that instant card number upon approval, allowing you to utilize monthly and quarterly credits right away.
Advice for Platinum Card Members
The addition of credits for up to $75 at Lululemon, $100 at Resy, and a $120 yearly credit for Uber One membership means that Platinum Card holders can get up to $185 in benefits between now and the end of September. This nearly offsets the $200 increase in the annual fee.
Both new and existing members should remember to activate the new Lululemon, Resy, and Uber benefits with their Amex account before making purchases for the credits to apply correctly. Additionally, new cardholders must register for other related perks, especially the three monthly statement credits noted below.
Here’s how to best utilize your card:
- Up to $75 at U.S. Lululemon (excluding outlets): It’s a smart idea to shop through the Rakuten portal and check out sales.
- Up to $100 at a U.S. restaurant: You can look for participating locations online. No reservations are needed to qualify, but ensure you can pay with your card at the point of sale.
Finally, signing up for Uber One membership at $9.99 a month (or $96 annually) can yield an extra credit. Adding the new quarterly and monthly credits gives you a considerable total coming from these benefits.
Added Value for New Platinum Card Members
If you apply for a new Platinum Card now, you can earn an additional $52.95 in monthly credits after registering.
- Up to $25 for digital entertainment services: This includes offerings like Disney+ and Hulu.
- Up to $15 in Uber Cash: This can be used for Uber rides or Eats, but must be applied to one Uber account with your Amex Platinum.
- Up to $12.95 for Walmart+ Membership: This applies when you purchase a membership that qualifies.
Be sure to set your instant card number as the payment method for these services. Once your physical card arrives, check that the card number matches the one you were given.
Advice for Business Platinum Card Members
It’s a good reminder for all members to aim for $150 in value from their next credits before September concludes.
- Monthly statement credits up to $10 for U.S. Wireless Phone Services: This can help cover your mobile bill.
- Quarterly statement credits up to $50 at Hilton: Remember to check in with Hilton for business before using.
- Actual credits up to $90 per quarter: This can apply to online purchases.
Again, activation of these benefits is key so that they apply properly.
Important Notes on Contactless Payments
Most AMEX Statement Credit terms include that if a merchant uses a third party to process transactions, you might not get eligible credits.
Some users have experienced issues with not receiving credits timely, like I have, but were able to sort things out after reaching out through customer service. So, keeping track of your account is wise; if credits don’t show up within the expected timeframe, don’t hesitate to contact AMEX.
Conclusion
By carefully planning, you can potentially earn up to $238 in monthly and quarterly statement credits by the end of September with either the Amex Platinum or Business Platinum card.
If you’re a new card member, getting that instant card number and adding it to your digital wallet is a good move. And don’t forget to register your benefits to ensure they trigger on qualified purchases. Monitor your account closely for credits, and reach out if they don’t appear.
For more details, check out a comprehensive review of the American Express Platinum and the Business Platinum cards.
