by Natasha Gabrielle | Updated Oct. 11, 2021 - First published on Oct. 9, 2021
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The Amex Platinum credit card now offers even more credits.
If you're a holder of The Platinum Card® from American Express or have considered this premium credit card, you'll be happy to know that it now comes with more perks. The new benefits include SoulCycle and Walmart+ statement credits.
The Platinum Card® from American Express is a luxury credit card loaded with benefits. While it's not the right card for everyone, it's a good fit for frequent travelers. This card has gone through some changes over the years, and American Express recently added perks to make the card's expensive annual fee more worthwhile. Read on to see if this card is a good fit for you.
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If you regularly shop at Walmart, the new Walmart+ credits may be helpful. Walmart+ is a membership program with extra perks, and costs $12.95 per month. Members get access to:
The Amex Platinum now offers statement credits that cover the cost of this membership program.
The Platinum Card® from American Express also offers a new perk for fitness enthusiasts, a $300 statement credit for cardmembers who buy a SoulCycle at-home bike. To receive this credit, you must charge the total price of the bike (in one transaction) with your Amex Platinum credit card. Terms apply.
This credit is available up to 15 times per calendar year, so if you plan to buy a bike for yourself and 14 of your closest friends, you can. The Soul Cycle at-home bike is currently $2,500 plus tax, including shipping and assembly charges.
Since The Platinum Card® from American Express already offers an Equinox fitness club membership credit of up to $300 per year (enrollment required), this new card benefit is a nice complement -- especially if you want to take your home workouts to a new level.
As people continue to work at home amid the pandemic, at-home fitness equipment purchases and digital fitness membership programs are on the rise. Amex isn't the first card issuer to reward cardmembers who purchase expensive at-home exercise bikes. The Chase Sapphire Reserve® and Chase Sapphire Preferred® Card offer membership credits and bonus points when cardholders purchase Peloton bikes and accessories. If you want to compare other credit card options, check out our list of top credit cards.
These two new benefits add to the existing lengthy lineup of perks included with The Platinum Card® from American Express. Whether you have this card in your wallet or are thinking of applying soon, it's useful to know how you can get the most value out of the card.
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