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When The Platinum Card® from American Express announced a major overhaul of its benefits last year, one of the key features was its new “Entertainment Credit” – a monthly statement credit of up to $20 for various digital subscriptions. **.
The big problem with this credit is that it is only valid for the following services:
- The New York Times
partners have made this benefit disappointing for many cardholders. But American Express has now added three more popular services, making it much easier to use.
Learn more: How to use Amex Platinum Digital Subscription Credit to save up to $240 per year
Amex Platinum Digital Entertainment Credit is finally a noticeable perk
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Recommended credit score
good to excellent
- Long list of travel perks, including airport lounge access and complimentary elite status with Hilton and Marriott (registration required)
- Annual statement credits with Saks and Uber
- Bonus categories leave something to be desired
- One of the highest annual fees among premium travel cards
Read our review
- Earn 100,000 Membership Rewards® points after spending $6,000 on purchases with your new card in your first 6 months of card membership. Apply and select your favorite metal card design: Classic Platinum Card®, Platinum x Kehinde Wiley or Platinum x Julie Mehretu.
- Earn 5X the Membership Rewards® points for flights booked directly with the airlines or with American Express Travel up to $500,000 on such purchases per calendar year and earn 5X the Membership Rewards® points on prepaid hotels booked with American Express Travel .
- $200 Resort Credit: Earn $200 in statement credits annually on prepaid Fine Hotels + Resorts® or The Hotel Collection reservations, which require a two-night minimum stay, through American Express Travel when you pay with your Platinum Card®.
- $240 Digital Entertainment Credit: Get up to $20 each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM and The New York Times. Registration required.
- $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ subscription with statement credit after you pay Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.
- American Express has expanded the Centurion® network to include more than 40 Centurion lounges and studios worldwide. There are even more places where your Platinum Card® can get you free admission and exclusive perks.
- $200 Airfare Credit: Get up to $200 in statement credits per calendar year in baggage fees and more from an eligible airline.
- $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on ride or meal orders in the US each year. Uber Cash and Uber VIP status is only available to Basic cardholders.
- $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app or eligible Equinox Club memberships when you pay with your Platinum Card®. Registration required.
- $179 CLEAR® Credit: Use your card and get up to $179 back annually on your CLEAR® membership.
- Annual fee of $695.
- Terms apply.
You can now redeem the monthly Amex Platinum digital entertainment credit for the following new streaming services:
Up to $20 credit per month to offset these subscriptions equals up to $240 per year. If you pay for popular streaming services like
Disney+, ESPN+ or Peacock, this credit effectively reduces the annual Amex Platinum fee from $695 (see rates) to $455.
Read more: American Express Platinum Credit Card Review
In other words, the Amex Platinum, although priced high, is worth it for your situation if you’re willing to pay $455 for benefits such as:
Read more: Don’t let the Amex Platinum’s new ‘lifestyle’ benefits distract you from its true value – here’s what the card is worth to the average person
The card can easily save you over $1,000 a year if you use its key benefits.
At the end of the line
Now you can use Amex Platinum Digital Entertainment Credit, worth up to $20 per month, for seven online subscriptions:
- The New York Times
This credit is as good as cash if you spend at least $20 a month on these services anyway.
Read more: I Was Shocked By Amex Platinum Card Annual Fee, But 6 Lucrative Perks Convinced Me To Open It Anyway
However, if you are not subscribed to these websites, this credit is not as good as cash. Don’t force yourself to apply for a credit card just because it offers free services. If the value offered by Amex Platinum doesn’t match your lifestyle, it’s not worth the annual fee.