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Since the beginning of May, the Platinum Card from American Express has been making up for the fact that most of its benefits have been sidelined by the pandemic by offering cardholders two additional statement credits every month. Sadly, December is the last month in which to make the most of these credits.
The Rebates
Between May and December 2020, holders of the Platinum Card from American Express have been able to receive a statement credit of up to $20/month for spending on select U.S. streaming services and a statement credit of up to $20/month for spending made directly with U.S. wireless telephone service providers.
In 2020, these statement credits have been considerably more useful than the travel benefits the Platinum Card is better known for but with December set to be the final month in which these credits are offered, cardholders have under 4 days left to get one last rebate to help offset the annual fee.
I’ve been (mostly) using up the $20 wireless credit by topping up a T-mobile prepaid account that I have for friends who visit from abroad and who don’t have a roaming package (my own phone is from a UK-based provider and offers a considerably more economical package than any I’ve found in the US), while I’ve been using the streaming credit to add funds to an Apple ID that’s associated with the Cloud storage that I buy from Apple.
I managed to forget to trigger the credits in one of the months they were available (not my finest hour) and I failed to receive a rebate for one of my Apple top-ups (possibly because I topped up the account via the Apple Music app and not the App Store) but I’ve still recouped almost $260 thanks to these credits so they’re well worth having.
Bottom Line
If you hold a Platinum Card from American Express and haven’t used up December’s statement credits for wireless and streaming purchases you don’t have much time left to lock them in – unless Amex announces an extension these credits will cease to be offered from 1 January 2021.
Note: Make sure you’ve also used up the $50 Saks 5th Avenue credit that the Platinum Card offers every 6 months.
