In the world of travel credit cards, cards with big annual fees come with big perks. And no perks are bigger, better, or easier to help get you ahead than the Amex statement credits on cards like the Platinum Card from American Express or the American Express Gold Card.
There are statement credits for airline fees, shopping, more on these top Amex cards that can help offset the cost of the annual fees of up to $550 each year. It’s a big part of the reason why we urge readers not to write off credit cards just because of the annual fees. Do it right, and you can come out way ahead – yes, even when travel is on pause.
But time is ticking. These credits reset with the New Year, which means you’ll lose anything you haven’t used already. Make sure you use up all your 2020 credits before the year is up! Here’s how.
Click Here to learn more about the Platinum Card from American Express.
Click Here to learn more about the Amex Gold Card.
Up to $200 in Airline Credits
With between $100 and $200 in airline fee credits each year, these credits on the American Express Gold and Platinum cards, respectively, can go a long way.
But it’s not exactly as simple as just buying flights or an upgrade. Unlike the $300 annual travel credit on the Chase Sapphire Reserve card, there are some major strings attached to these credits that can make them harder (but far from impossible) to use.
They’re “airline incidental fee credits.” That means up to $200 in fees at one qualifying airline for things like checked baggage, guest access at a lounge and others will be reimbursed – but keep reading for some other ideas to put these to use. You have to pick one U.S. airline to use them at by logging into your American Express account and navigating to your Benefits, though you might be able to switch mid-year by calling or messaging Amex.
Unfortunately, a longstanding workaround to buy gift cards from certain airlines no longer works. But here are a few ideas on how best to put them to use:
- Got eCredits with Delta after canceling flights this year? Use them to rebook travel for 2021, then put the remaining balance on your Amex Platinum or Gold Card. So long as you charge less than $250 to your card and have selected Delta as your preferred airline, it should trigger the credit!
- Pick Southwest as your preferred airline for these credits and book a cheap flight – flights under $99 typically trigger it, in our experience.
- Select United Airlines instead, then load up your United TravelBank account using your Amex card – allowing you to use the airline credit to book tickets with United.
- Book an award ticket and charge the taxes and fees to your Gold or Platinum card!
Read our full guide on the best ways to use these airline credits to get the most out of them.
Like most of these Amex statement credits, this is a “use it or lose it” perk. If you don’t use up every dollar, it won’t roll over into 2021. Luckily, American Express makes it easy to track whether you’ve used up your airline credits – just check your benefits tab.
Uber Credits on the American Express Platinum Card
The American Express Platinum card might put some tighter strings on travel credits, but they make up for it with another $200 reserved for trips with Uber.
This one’s a bit easier to spend by year’s end, as it’s not given in a $200 lump sum. Instead, you get $15 in free Uber rides each and every month – except one. December is the biggest month yet, as it bumps up to $35 in Uber credits for the final month of the year.
Make sure you’ve added your American Express Platinum card to your Uber account, as that’s the key to unlocking the monthly credit. It will apply automatically to your ride no matter whether you “pay” with your Platinum card. And American Express has recently made it easier to apply these credits.
If an Uber ride isn’t in your future, splurge with Uber Eats instead. The entire $35 credit for December will work for an Uber Eats delivery or pickup order, too.
Come 2021, the Amex Gold Card will get a $120 annual credit for Uber and Uber eats, split into $10 monthly credits.
Get Takeout or Delivery with the Amex Gold Card
While the Gold Card doesn’t currently have Uber credits you need to use, it does carry a $120 annual dining credit, or up to $10 a month. Why not use it for takeout or delivery to close out the year?
The card’s dining credit works at Grubhub, Seamless, The Cheesecake Factory, Boxed.com, Ruth’s Chris Steakhouse, or Shake Shack. Just place a Grubhub order or get takeout from another spot on the list to use it up before the year ends – your last $10 won’t roll over into 2021.
$50 Off Saks Fifth Avenue
American Express added this benefit in 2018, offering $100 in statement credits on Saks Fifth Avenue purchases. These credits are split into $50 installments: one available from January through June, and the second from July through December.
So make sure you find something to buy at Saks before the year is up and your $50 credit for the second half of 2018 expires. But before you do, register for the benefit using this link. Then use the card to check out online or in-person and American Express will reimburse up to $50.
Saks isn’t exactly a cheap store, but there are plenty of great items you can buy without breaking the bank.
Pay for Your Streaming Services & Phone Bill
The clock is running out on these temporary Amex statement credits.
As the pandemic upended travel this spring, American Express added some limited-time credits to the American Express Platinum card. You can get $20 monthly credits for streaming services, and another $20 monthly for cell phone coverage.
But unless if Amex extends these new credits, they only last through December 2020. So you might as well put them to use by charging your Netflix, Disney Plus, Spotify, or other streaming service on your Platinum card – check out the full list of eligible streaming platforms. And it’s worth putting another month of cell phone service on your Platinum card to save $20, too.
Global Entry or TSA PreCheck
Don’t worry – you’re not in a time crunch to get signed up for these two trusted traveler programs.
Among these top Amex cards, Only the American Express Platinum card offers up to a $100 credit to sign up for TSA PreCheck or Global Entry. They’re part of a growing number of credit cards that will cover the application cost for these time-saving programs.
On one hand, you’ve got time to sign up. The card offers this benefit once every four years, so you can sign up when you’re ready. Just use the card for the application fee and you’ll be automatically reimbursed. Membership in either program will last you five years.
But if you’re considering Global Entry, it may make sense to sign up sooner rather than later. The cost of the popular international travel program is expected to increase in the near future.
Torn between TSA PreCheck or Global Entry? We recommend Global Entry, as it’s a twofer: Global Entry comes with PreCheck, too. So you’ll get through TSA security checkpoints faster, and also clear immigration when returning to the U.S. from international travels.
If you’ve already got one of these programs under your belt, you can cover a friend or family member’s application with your credit. Just use the card to pay for the application as you would when applying yourself.
$200 in Dell Credits on the Amex Platinum Business Card
If you’ve got a small business, the American Express Business Platinum card is worth a look. And it got even more valuable this year during the pandemic, as the usual $200 annual credit for purchases at Dell.com doubled to up to $400 for the year.
Similar to how the Saks credit works on the Personal Platinum Card, it’s split into two installments. You got a $200 credit available from Jan. 1 through June 30, and another $200 available July 1 through Dec. 31. You will lose any remaining balance you have after the expiration date, so be sure to use them up.
You might be surprised at how many products are available on Dell’s website – it’s far from just computers. Think Bose headphones, Google Home & Nest products, and much more. Make sure to stack any purchase you make with a shopping portal like Rakuten.
Click Here to learn more about the American Express Business Platinum Card.
Airlinecredits, free Uber rides (or Uber Eats orders), and other credits help take the sting out of otherwise big annual fees on premium cards like the Platinum Card or Gold Card. But that’s not true if you don’t use them up before the year ends, so act fast.