Yet another perk is available on the Amex Platinum Card in the form of new Amex Platinum Benefits. This time American Express is adding Walmart+ and SoulCycle as credits that members receive when making qualifying purchases. These new credits join the existing credits on the Amex Platinum Card that include a digital entertainment credit, Equinox credit, Saks credit, airline incidentals credit, Uber credit, CLEAR credit, and Global Entry/TSA Pre✓ credit.

When you look at these credits, the SoulCycle credit makes a ton of sense. The Amex Platinum Card already offers $300 in annual Equinox statement credits and Equinox owns SoulCycle. On the flip side, the Walmart+ membership credit is a bit underwhelming. A more flexible credit, like an Instacart credit, would help cardmembers not be locked into ordering groceries from one vendor. At any rate, let’s dive into these changes to see how these benefits align with the existing benefits.

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Amex Platinum Benefits Walmart+ Membership

Amex Platinum cardmembers now receive a $12.95/month statement credit when using their card to purchase a Walmart+ monthly membership. This membership offers members unlimited free shipping with no order minimums and free delivery.

As a point of comparison, Instacart charges $3.99 on orders of $35 or more. Additional fees apply to one-hour deliveries, club store deliveries, and deliveries under $35. Similarly, Whole Foods orders through Amazon will soon incur a $9.95 per order delivery fee.

Amex Platinum Benefits SoulCycle Bike

In addition to the Walmart+ credits, the Amex Platinum Card now offers an additional $300 statement credit when you purchase a SoulCycle at-home bike through Equinox+. Cardmembers are limited to 15, $300 credits per calendar year. Said another way, the amount of statement credits you can receive is quite high.

In the summer of 2021, American Express added an annual $300 Equinox credit broken down in the form of $25/month in credits. These credits post to your card when making Equinox Fitness Club memberships or a digital membership to Equinox+ purchases.

Existing Amex Platinum Benefits

Not only does the Amex Platinum Card offer Walmart+ and SoulCycle credits, but cardmembers also receive the following benefits:

Non-Travel Benefits

• $240 digital entertainment credit ($20/month) for Peacock, Audible, SiriusXM and The New York Times purchases.
• $300 annual Equinox statement credits ($25/month) for Equinox Fitness Club monthly membership fees or a digital membership to Equinox+ purchases.
• $100 annual Saks statement credits ($50 credit January-June, $50 credit July-Decebmer) for Saks Fifth Avenue in-store or saks.com puerchases.
• Global Dining Access by Resy gives cardmembesr access to Global Dining Access program, which offers acess to sought-after restaurants reservations and premium events.

Travel Benefits

• 5x points earned on prepaid hotels booked through AmexTravel.com, and 5x points on airfare booked directly with the airline or AmexTravel.com
• $200 annual hotel creditfor prepaid bookings at Fine Hotels + Resorts or The Hotel Collection made through American Express Travel
• $200 annual airline fee credit that covers incidental fees at one qualifying airline
• $179 annual CLEAR credit which offers members expedited security screening at select US airports and stadiums
• $200 annual Uber credit ($15/month, $20 in December) towards US Uber Rides or Uber Eats
• $100 statement credit every 4-5 years for Global Entry or up to a $85 Statement Credit for TSA Pre✓
• Fine Hotels + Resorts benefits when boking reservations at select hotels
• Access to the American Express Global Lounge Collection, which includes the American Express Centurior Lounges

So, what do you make of the Walmart+ and SoulCycle credits? Which Amex Platinum Card credits do you value the most? Please let me know in the comments below or by sending me an email on my contact page.

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