Statement Credits and Amex Offers
The American Express Platinum features a long list of statement credit offers offering discounts or rebates on services from Uber rides to Walmart+. Depending on your spending patterns, some of these credits may be more useful than others, but most cardmembers will be able to take advantage of at least some of these credits. Credits offered with the American Express Platinum include:
- $200 Hotel Credit toward eligible Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel
- Up to $100 Saks Credits issued in $50 biannual credits
- Up to $200 Uber Cash Credits issued in $15 monthly credits with a bonus $20 in December. To be eligible a cardholder must link their eligible card to their Uber account. Uber Cash can be used for U.S. rides or Eats.
- Up to $240 Digital Entertainment Credits for eligible digital entertainment once enrolled
- $155+ Walmart Plus statement credit when you pay your monthly $12.95 fee with your card
- Up to $300 Equinox Credits issued in $25 monthly credits for select Equinox memberships when you pay with your card
- Up to $300 SoulCycle Credits
- Up to $200 Airline Incidental Fee Credits on one eligible airline each year you enroll
For more details on the American Express Platinum’s various statement credits, take a peek at the Forbes Advisor review of the American Express Platinum.
In addition to statement credits, all American Express cards feature Amex Offers, which are promotions offered in partnership with merchants that can be added to your card online. Amex Offers frequently include discounts and rebates of 20% or more on popular national vendors from Sam’s Club to hotel chains and cruises.
Airport Lounge Access
Both the Venture X and American Express Platinum offer cardmembers lounge access through Priority Pass. Both cards include access for the primary cardmember and two accompanying guests and to the issuer’s network of airline lounges. However, it’s the card issuers own lounges that make the difference where American Express pulls ahead. While Capital One’s network of lounges currently includes three planned airport lounges, the American Express lounge network includes over 40 Centurion Lounges and Centurion Studios lounges.
In February 2023, American Express will change its lounge access policy, only admitting one cardmember until hitting a spending requirement, which will almost certainly change the calculus for everyone except solo travelers, but for now the lounge access advantage is with American Express.
However, with respect to lounge access, there’s one particular class of travelers who will benefit even more from the airport lounge access offered by the Platinum Card: Solo Delta Air Lines travelers.
Lounge Access for the Solo Delta Air Lines Flyer
Yes, we just mentioned lounge access above, but the American Express Platinum deserves a special call out for Delta Air Lines travelers.
If you usually travel alone and are a frequent Delta Air Lines flyer, the American Express Platinum card can provide tremendous value through its Delta Sky Club access benefit. The card includes Delta Air Lines lounge access for the primary cardmember when flying a same-day Delta itinerary. If you are a frequent Delta Air Lines traveler, this alone could tip the balance in favor of the American Express Platinum card.
Transfer Partners for U.S.-Based Travelers
Transfering points to airline and hotel partners has long been considered the best way to get outsized value from transferable points programs and the American Express Platinum and Capital One Venture X offer point transfers to many of the same partners. The American Express Platinum card ekes out a slight advantage for U.S. travelers, as it trades the Venture X’s partners TAP Air Portugal, FinnAir and Turkish Airlines for Virgin Atlantic, JetBlue, Iberia, El Al and Delta.
In addition to airline transfer partners, American Express Membership Rewards points can be transferred to IHG, Hilton and Marriott. While these transfer partners generally represent a low-value use of points, they are likely more usable than Capital One’s transfer partners, Accor and Wyndam, for U.S.-based travelers.