Home Credit Cards Amex An Excellent Limited-Time Amex Platinum Benefit That I'd Completely Forgotten About

An Excellent Limited-Time Amex Platinum Benefit That I’d Completely Forgotten About


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We’re living through strange and challenging times right now, but one of the more positive side-effects of our current predicament has been that we’ve seen card issuers offering consumers a variety of limited-time bonuses, benefits, and credits as they battle to keep everyone happy.

Sometimes it can be hard to keep on top of all the various incentives that we’ve been seeing credit card issuers publish, and I’ve just been reminded of a limited-time Amex Platinum benefit that I’d completely forgotten about. It’s a little embarrassing that I had forgotten about it, but I thought I’d confess and share the details just in case anyone else has been as absent-minded as me.

The Platinum Card from American Express may be one of the more expensive credit cards around (it comes with a $550 annual fee), but it’s also a card that has been working very hard to give cardholders value for money while a lot of its key benefits (most of which are travel-related) remain hard to use.

Last year, we saw the Platinum Card offer users monthly $20 statement credits for spending on US wireless services and on various streaming services and, right now, Platinum Cardholders are being given a $30/month statement credit for PayPal spending as well as access to a number of excellent offers that can save them cash at retailers like Best Buy, Home Depot, and Samsung.

All of these offers are great and can go a long way to helping holders of the Platinum Card claw back a good portion of their annual fee, but there is one other limited-time benefit that can help a cardholder recoup over 35% of their card’s annual fee in one go. Better still, it’s not a particularly difficult benefit to use.

The Platinum Card’s $200 Travel Credit

Stop! Don’t click away from the page. I’m not talking about the standard $200/year airline fee credit that the Platinum Card always offers. I may be absent-minded from time to time but not to the extent that I’d ever forget about that!

The travel credit I’m discussing here is a credit that Amex first announced way back in May last year (which is probably why it had slipped my mind) and which currently applies to anyone who has renewed their Platinum Card since April 2020.

All holders of the consumer Platinum Card who have renewed their accounts since April 2020 and all cardholders who renew their accounts by the end of March 2021 have access to a $200 travel credit that can be used for bookings made through Amex Travel. In a call I made to Amex earlier today I also managed to get confirmation that the $200 credit can be used for bookings made through Amex Fine Hotels and Resorts (FHR) and bookings made through the International Airline Program.

Anyone who renewed their account between April 2020 and July 2020 has had access to this benefit since 1 August 2020, and everyone else is given access to it on the first day of their card renewal month.

Leaving aside the fact that I should have never forgotten about this benefit in the first place, the fact that cardholders can track their use of this credit from their Amex account’s homepage (a page that I access daily) makes it doubly embarrassing that it had slipped my mind – it’s been staring me in the face for weeks!

As this $200 travel credit can be used to offset spending on numerous kinds of travel bookings, and as the credit can be used to offset charges that post to a cardholder account all the way through 31 December 2021, this should be a relatively straightforward credit for most cardholders to trigger.

Key Terms

  • You must have a booking with American Express Travel, made on or after the offer start date with your eligible Platinum Card, for your purchase(s) to be eligible for the credit.
  • Statement credit(s) may not be received or may be reversed if the eligible purchase(s) or booking(s) are returned or cancelled.
  • Both booking(s) and charge(s) for eligible travel must be made by 12/31/2021 to receive the credit(s).
  • Eligible travel purchases include purchases of airfare, hotel, flight + hotel packages, cruise reservations, car rentals, and tours made with your eligible Platinum Card, minus returns and other credits.
  • Eligible travel purchases do NOT include purchases of timeshare properties, group reservations or events, ticketing services, cancellation or other fees, interest charges, purchases of travelers checks, purchases or reloading of prepaid cards, or purchases of other cash equivalents.
  • Purchases by Additional Card Members are not eligible for statement credits.
  • Credits or rewards you may receive with your Card on other purchase categories or in connection with promotions or offers from American Express may not be combined with this offer.
  • Please allow up to 90 days after an eligible purchase is posted to your Card Account for statement credit(s) to be posted to the Account.
  • To continue to be eligible for the offer, you must maintain the Platinum Card that was solicited for this offer for the full offer period, or until you have earned and received the full amount of the offer credit if sooner.
  • To receive the credit(s) your Platinum Card Account(s) must be not canceled and not past due at the time of statement credit(s) fulfillment.

A link to the full terms and conditions can be found alongside the credit tracker on your Amex homepage (assuming you’re eligible for the credit). 

Bottom Line

Anyone who has renewed their Platinum Card since April 2020 and anyone who renews their card by 31 March 2021, has access to a $200 travel credit that can be triggered by spending through Amex Travel, Amex Fine Hotels & Resorts, and the International Airline Program.

With Platinum Card holders already able to earn up to $180 in statement credits for PayPal spending (through June 2021), and with the Platinum Card also currently offering great savings for spending with various retailers and service providers, it’s now easier than ever for most cardholders to recoup this year’s annual fee in full.

A Fantastic No Annual Fee Card

The Freedom Flex Credit Card is a no annual fee card from Chase and although it was only released in September 2020, it has quickly become a “must-have” credit card for fans of Chase’s Ultimate Rewards program. Fantastic earning rates, useful benefits, and no annual fee is always a winning combination.

Some Of The Great Earning Rates & Benefits:

  • 5% cash back (or 5 points/dollar) on:
    • Up to $1,500 of spending in quarterly revolving categories
    • Travel purchased through Chase’s travel portal
    • Lyft rides through March 2022
  • 3% cash back (or 3 points/dollar) on:
    • Dining (includes take-out and delivery)
    • Spending at drugstores
  • 1% cash back (or 1 point/dollar) on spending in all other categories
  • Complimentary cell phone protection

Click for more details on the Chase Freedom Flex Credit Card

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.

6 COMMENTS

        • I was reminded of the benefit by a supervisor but the call today was to a regular customer services agent.

          If you call, please let me know what Amex says – it would be good to know what the cut-off date is for this benefit.

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