Investor Relations News Details

Platinum Card Members can now get access to more than $1,500 in annual value

New York October 7, 2021: Today, American Express launched two new retail and wellness benefits on its U.S. Consumer Platinum Card to provide Card Members more value on their everyday and lifestyle purchases. Beginning on October 7, U.S. Consumer Platinum Card Members who use their Cards can receive a statement credit for the full cost of a Walmart+ monthly membership ($12.95/month, plus applicable taxes) and a $300 statement credit on purchases of the SoulCycle at-home bike¹ through Equinox+ (Up to 15 times in one calendar year).

“Convenience and flexibility are more important than ever for our Card Members,” said Howard Grosfield, Executive Vice President & General Manager, U.S. Consumer & Global Premium Services. “With Walmart+, Platinum Card® Members can get what they need, delivered to their door, quickly and seamlessly. The SoulCycle at-home bike gives them access to another fitness program that fits their lifestyle."

Convenience of E-Commerce

Walmart is already a top merchant for Platinum Card® Members and is one of the largest retailers in the world. According to the Amex Trendex*, 3 in 4 adults report they’ve spent more on online shopping in the past year compared to previous years. U.S. Consumer Platinum Card® Members can now receive a statement credit which covers the full cost of a monthly Walmart+ membership ($12.95/month plus applicable taxes) when they use their card. Walmart+ members receive unlimited free shipping with no order minimum on items shipped by Walmart, free delivery from store (where available), as well as mobile and contactless check-out to make shopping faster.

Flexibility of At-Home Fitness

In July, American Express introduced an annual $300 Equinox credit ($25/month) on eligible Equinox Fitness Club memberships or a digital membership to Equinox+.

According to the Amex Trendex*, almost half of adults (43%) plan on combining in-person exercise with at-home workouts moving forward. With the at-home fitness trend continuing, American Express is expanding its partnership with Equinox by offering Platinum Card® Members a statement credit on purchases of SoulCycle at-home bikes¹, giving them another way to work out at home.

Building on Recently Enhanced Benefits

On July 1, American Express launched the new U.S. Consumer Platinum Card with added everyday and travel benefits, solidifying it as the ultimate premium lifestyle Card. Platinum Card Members can now enjoy the new benefits from Walmart+ and SoulCycle, as well as existing benefits, services, and rewards, including:

Current Benefits Include:

Everyday Benefits

• $240 Digital Entertainment Credit: Up to $240 in annual statement credits (up to $20/month) on eligible purchases or subscriptions made directly with Peacock, Audible, SiriusXM and The New York Times, once enrolled.
• $300 with Equinox: Up to $300 in annual statement credits (up to $25/month) when you use your Platinum Card for eligible Equinox Fitness Club monthly membership fees or a digital membership to Equinox+ (the on-demand fitness app), once enrolled.
• $100 Shop Saks with Platinum: Up to $100 in statement credits annual for purchases made with your Platinum Card at Saks Fifth Avenue in-store or online at saks.com, with up to $50 in statement credits from January through June and up to $50 in statement credits from July through December, once enrolled.
• Global Dining Access by Resy: Access to the new Global Dining Access program by Resy that gives Platinum Card Members special access to: sought-after restaurants across the globe, premium events and other perks like priority notify.

Travel Benefits

• 5X Membership Rewards® Points on prepaid hotels booked through AmexTravel.com and 5X points on flights purchased directly from airlines or booked through AmexTravel.com on up to $500,000 of these purchases per calendar year.
• $200 Hotel Credit: An annual statement credit of $200 back for prepaid bookings at Fine Hotels + Resorts® or The Hotel Collection properties made through American Express Travel using the Platinum Card®.
• $200 Airline Fee Creditfor up to $200 back in statement credits each year on incidental fees at one Card Member-selected qualifying airline.
• Up to $200 Uber Cash annually ($15/month, plus a bonus $20 in December) toward Uber Rides or Uber Eats orders in the U.S (available to the Basic Card Member only).
• $179 with CLEAR: Up to $179 in annual statement credits for a CLEAR membership when paid for with the Platinum Card®. CLEAR offers expedited security screening at select airports and stadiums across the U.S.
• $100 Statement Credit on a Global Entry² application fee or up to a $85 Statement Credit for TSA Pre✓®² when applied through any Authorized Enrollment Provider using their eligible Card.
• Complimentary Suite of Benefits That Offer an Average Total Value of $550³ at over 1,200 properties worldwide when booking with Fine Hotels + Resorts®.
• More Lounges in More Places: The American Express Global Lounge Collection® offers Platinum Card Members access to more airport lounges compared to other U.S. credit card programs⁴.

Terms and limitations apply. For more information about the Consumer Platinum Card, visit americanexpress.com/Platinum.

*Trendex Methodology:

This Morning Consult poll was conducted between September 17-September 21, 2021, among a sample of 2000 adults with household income of $70k+ and who have traveled at least once in 2019. The interviews were conducted online. Results from the full survey have a margin of error of plus or minus 2 percentage points.

ABOUT AMERICAN EXPRESS

American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.

Key links to products, services and corporate responsibility information: personal cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.

¹ Up to 15 bike purchases in one calendar year. An Equinox+ membership is required to purchase a SoulCycle at-home bike and access SoulCycle content. Must charge full price of bike in one transaction. Shipping available in the contiguous U.S. only.

² Card Members will receive a statement credit, and only one credit will be given in a 4-year period for Global Entry or in a 4.5 year period for TSA Pre✓® for a 5-year plan only. Applicants approved for Global Entry will receive access to TSA Pre✓® at no additional charge, and if an Additional Card Member is eligible for the statement credit, the application fee must be charged using their card.

³ Average value based on Fine Hotels + Resorts bookings in 2020 for stays of two nights. Actual value will vary based on property, room rate, upgrade availability, and use of benefits.

⁴ As of August 2021