The Amex Platinum costs $895 a year and comes with 12 statement credits worth up to $2,994. Whether it's worth it depends almost entirely on which of those credits you'd really use — so here they are, ranked from easiest to hardest.
The ranking is our judgement of how easy each credit is to use in full, with the reason given. Amounts are from American Express's own benefits terms.
1. Digital entertainment credit — $25 a month
Easy Pays for streaming or news you may already subscribe to — Disney+, Hulu, YouTube Premium, NYT and more. Resets on the 1st of every month. Enrollment required.
2. CLEAR+ credit — $219 a year
Easy Covers CLEAR+ if you fly often enough to want it. Resets on January 1.
3. Uber Cash — $15 a month ($35 in December)
Easy Arrives automatically as Uber Cash every month if you ride or order Uber Eats. Resets on the 1st of every month. Enrollment required.
4. Walmart+ credit — $12.95 a month
Easy Covers a Walmart+ monthly membership in full, if you'd pay for one anyway. Resets on the 1st of every month.
5. Uber One credit — $120 a year
Easy Covers an Uber One membership charged to the card. Resets on January 1.
6. Global Entry / TSA PreCheck — $120 every 4 years
Easy One application fee every four years — easy to use once, easy to forget it exists. Counts from the date of your last credit.
7. Resy credit — $100 a quarter
Takes planning Needs a meal at a Resy restaurant every quarter; easy in big cities, harder elsewhere. Resets on January 1, April 1, July 1 and October 1. Enrollment required.
8. lululemon credit — $75 a quarter
Takes planning Every quarter at lululemon; useful if you'd shop there anyway. Resets on January 1, April 1, July 1 and October 1. Enrollment required.
9. Airline fee credit — $200 a year
Takes planning Only incidental fees (bags, seat fees, in-flight purchases) on the one airline you pick — not tickets. Resets on January 1. Enrollment required.
10. Hotel credit — $300 every six months
Niche Large, but only for prepaid Fine Hotels + Resorts or Hotel Collection bookings through Amex Travel. Resets on January 1 and July 1.
11. Equinox credit — $300 a year
Niche Worth $300 only if you'd pay for Equinox or Equinox+ anyway. Resets on January 1. Enrollment required.
12. Oura Ring credit — $200 a year
Niche Worth it only if you were going to buy an Oura Ring. Resets on January 1. Enrollment required.
The math
| The "easy" credits, at face value | $994 a year |
| Plus the "takes planning" credits | $1,894 a year |
| Plus the niche credits (everything) | $2,994 a year |
| Annual fee | $895 |
Even the easy credits alone come to $994 — more than the fee — but only at face value, and only if you'd pay for every one of those services anyway. Swap in what each credit is really worth to you and the honest number is usually lower.
So, is it worth it?
- Probably yes if you'd use most of the easy credits, eat at Resy restaurants, and travel enough to want the hotel credit.
- Probably no if your total only clears the fee once you count Equinox, Oura and hotels you wouldn't otherwise book.
- Either way, the credits only pay if you use them before they reset: 3 reset every month, 2 every quarter, 1 every six months.
Credit Cadence tracks every Platinum credit, reminds you before each reset, and keeps a running keep-or-cancel number — what you've used, valued your way, against the $895 fee — before your next fee posts.