Amex Platinum adding cell phone & streaming credits $40 a month
Update: Amex Platinum adding $200 Amex Travel credit
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.
Last week 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 way to maximize these new perks.
In this post:
Amex Platinum $20 cell phone credit
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 (unfortunately Google Fi doesn’t seem to qualify).
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).
Amex Platinum $20 streaming credit
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:
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.
Bottom line
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!
I’m sure there are options I’m missing for those who use Google Fi, as well as options for those (like me) who are struggling to use the full streaming credit.
Update: Amex Platinum adding $200 Amex Travel credit
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.
Last week 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 way to maximize these new perks.
In this post:
Amex Platinum $20 cell phone credit
The Amex Platinum Card is offering a $20 monthly credit for cell phone bills:
- This is exclusively for wireless telephone services purchased directly from US service providers
- There’s no registration required
- This is a limited time benefit, valid May through December 2020
- This is potentially worth up to $160, though you only get one $20 credit every calendar month
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 (unfortunately Google Fi doesn’t seem to qualify).
This does not include the following types of purchases:
- Purchases from authorized retailers, resellers or third party sellers
- Purchases for hardware (e.g phones and accessories) or repair services
- Purchases from electronics stores (e.g. Best Buy, Staples) and superstores (e.g. Wal-Mart, and Target)
- Bundled services offered by wireless companies for TV, internet and VoIP
- VoIP (Voice Over Internet Protocol) services
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:
- Make a $20 monthly payment with my Amex Platinum, a $20 monthly payment with Ford’s Amex Platinum, and a $10 monthly credit with my Amex Green (since that card has a temporary $10 monthly credit)
- Continue to pay the remaining balance with a card earning bonus points on cell phone spending, like the Chase Ink Preferred or Chase Ink Cash
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).
Amex Platinum $20 streaming credit
The Amex Platinum Card is offering a $20 monthly credit for streaming subscriptions:
- This is exclusively for select US streaming subscription services
- There’s no registration required
- This is a limited time benefit, valid May through December 2020
- This is potentially worth up to $160, though you only get one $20 credit every calendar month
According to Amex, the following US streaming subscriptions as being eligible for this benefit:
How to maximize Amex Plat streaming credit
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 pay for season passes of many shows through iTunes, and iTunes isn’t a streaming subscription service, and therefore isn’t included
- We use Netflix, but I have a discounted membership through T-Mobile for $5 per month, and that’s billed to my T-Mobile account; so I guess I could unsubscribe and get a more expensive plan directly, but I feel like the process of changing might be a hassle?
- We do have a Hulu Plus membership, which costs about $14 per month, so I switched that one of our Amex Plats
We’re using about two thirds of the credit of one card, but nothing for the other one.
Bottom line
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!
I’m sure there are options I’m missing for those who use Google Fi, as well as options for those (like me) who are struggling to use the full streaming credit.
