In light of the current pandemic we're seeing card issuers add some more perks on select cards, in particular on cards with a travel focus. It goes without saying that consumer behavior has changed a lot, and this also impacts our credit card spending patterns.
A few weeks ago Amex revealed a variety of temporary new benefits for cards, and in this post I wanted to focus on a couple of the new benefits of The Platinum Card® from American Express ( review), which could potentially be worth $320 to cardmembers (this is in addition to the $200 Amex Travel credit being added to the card).
I know a lot of people have the Amex Platinum, so I wanted to look at the best ways to maximize these new perks.
The Amex Platinum Card is offering a $20 monthly credit for cell phone bills:
Eligible purchases include monthly wireless telephone services charges made directly from a wireless telephone service provider in the United States. This would include paying your bill with AT&T, Sprint, T-Mobile, and Verizon, among others. While Google Fi didn't seem to initially qualify, reports suggest that it does now.
This does not include the following types of purchases:
If you're anything like me, this benefit is pretty easy to maximize. Personally T-Mobile is my cell phone provider, so my strategy is as follows:
I was easily able to go into the T-Mobile app and make a pre-payment, even though my balance at the moment is zero. Note that they'll only let you make one payment of the same amount each day, so I made a payment of $20 on one Amex Platinum, and a payment of $19.99 on another, and that seemed to work.
Between the three cards, my T-Mobile balance is currently negative $49.99. I'll just have to remember to do that once every month. Best I can tell this won't mess with the autopay process I otherwise have set up (though if someone has had a different experience, please let me know).
The Amex Platinum Card is offering a $20 monthly credit for streaming subscriptions:
According to Amex, the following US streaming subscriptions as being eligible for this benefit:
Amazon Music Unlimited, Apple Music, Apple TV+, AT&T Now, Audible, CBS All Access, Disney+, ESPN+, Fubo TV, HBO Now, Hulu, iHeartRadio, Kindle Unlimited, Luminary, MLB.TV, NBA League Pass, Netflix, NHL.TV, Pandora, Prime Video, Showtime, Sling TV, SiriusXM Streaming and Satellite, Spotify, Stitcher, YouTube Music Premium, YouTube Premium, YouTube TV
For me the cell phone benefit is easy to maximize, while this one isn't quite as easy. We don't have cable, so on the surface you'd think this would be ideal for us, since we do watch a fair bit of TV. However:
We're using about two thirds of the credit of one card, but nothing for the other one.
The up to $40 in monthly credits being offered by the Amex Platinum Card are fantastic, and frankly more than I was expecting from Amex. At an absolute minimum I'm getting ~$34 of value per month from this on my card ($20 for cell phone and $14 for Hulu), or ~$272 over the eight months. I'm sure there are ways to maximize this better, though.
How are you using your Amex Platinum credits? If you have any creative ideas for using these credits, or any data points on these credits working, please share them in the comments below!