The Amex Platinum Card Is Dropping Another Favorite From Its Digital Entertainment Credit

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The Amex Platinum Card Is Dropping Another Favorite From Its Digital Entertainment Credit – Forbes Advisor

Harlan Vaughn is a lead editor, travel expert and dad of three. Before joining the Credit Cards and Travel Rewards team at Forbes Advisor, Harlan was a writer and editor for popular points and miles websites for over a decade. He’s passionate about saving money on travel and enjoys helping others do the same. Harlan has redeemed millions of points and miles to travel around the world. His favorite trips (so far) are Iceland, Japan, Hawaii, New Zealand and Chile.

Harlan Vaughn

Published: Mar 18, 2024, 4:04pm

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Amex Is Dropping SiriusXM From Its List Of Providers Covered By The Digital Entertainment Credit

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Audiophiles will likely lament the latest change to the digital entertainment credit offered on The Platinum Card® from American Express (terms apply, see rates & fees). As of May 8, 2024, SiriusXM purchases will no longer be eligible for this benefit.

The loss of SiriusXM is the second hit to the Amex Platinum card’s digital entertainment credit in recent memory. Less than six months ago, Audible was also removed from the list of eligible providers. To its credit, Amex added The Wall Street Journal to the list last fall, indicating these changes may be business as usual.

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Editorial Review

The Platinum Card is destined for frequent travelers who intend to fully leverage the rich set of luxury travel benefits and Platinum Concierge service. In the right hands, the classic status card’s staggering annual fee is well justified.

Pros & Cons

High reward potential on flights and hotels booked through American Express Travel
Multiple credits can help justify the fee
Comprehensive airport lounge access
Luxury travel benefits and elite status with Hilton and Marriott with enrollment

Very high annual fee
Maximizing the statement credits takes some work and could be unworkable for many
Reward rate outside of travel is sub-par for a premium card

Card Details

Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
$200 Hotel Credit: Get up to $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®. The Hotel Collection requires a minimum two-night stay.
$240 Digital Entertainment Credit: Get up to $20 back in statement credits each month on eligible purchases made with your Platinum Card® on one or more of the following: Disney+, a Disney Bundle, ESPN+, Hulu, The New York Times, Peacock, and The Wall Street Journal. Enrollment required.
$155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership (subject to auto-renewal) with a statement credit after you pay for Walmart+ each month with your Platinum Card®. Cost includes $12.95 plus applicable local sales tax. Plus Up Benefits are excluded.
$200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees are charged by the airline to your Platinum Card®.
$200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member only. Terms Apply.
$300 Equinox Credit: Get up to $300 back in statement credits per calendar year on an Equinox membership, or an Equinox club membership (subject to auto-renewal) when you pay with your Platinum Card®. Enrollment required. Visit https://platinum.equinox.com/ to enroll.
$189 CLEAR® Plus Credit: Breeze through security with CLEAR Plus at 100+ airports, stadiums, and entertainment venues nationwide and get up to $189 back per calendar year on your Membership (subject to auto-renewal) when you use your Platinum Card®. Learn more.
$100 Global Entry Credit: Receive either a $100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck® (through a TSA official enrollment provider) application fee, when charged to your Platinum Card®. Card Members approved for Global Entry will also receive access to TSA PreCheck at no additional cost.
Shop Saks with Platinum: Get up to $100 in statement credits annually for purchases in Saks Fifth Avenue stores or at saks.com on your Platinum Card®. That’s up to $50 in statement credits semi-annually. Enrollment required.
$300 SoulCycle At-Home Bike Credit: Get a $300 statement credit for the purchase of a SoulCycle at-home bike with your Platinum Card®. An Equinox+ subscription 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. Enrollment Required.
Unlock access to exclusive reservations and special dining experiences with Global Dining Access by Resy when you add your Platinum Card® to your Resy profile.
$695 annual fee.
Terms Apply.

What’s Covered With the Amex Platinum Digital Entertainment Credit?

Amex Platinum cardholders can get up to $20 in statement credits each month when using the card to pay for eligible purchases with these providers:

Disney+
A Disney+ bundle (Disney+ with ESPN+ and Hulu or Disney+ and Hulu)
ESPN+
Hulu
The New York Times
Peacock
The Wall Street Journal

Enrollment is required, so be sure to click the “Enroll Now” button in your Amex account for the digital entertainment credit.

More About Amex Platinum Credits and Benefits

The Amex Platinum has a high annual fee, even among its premium card competitors like the Capital One Venture X Rewards Credit Card (rates & fees) and Chase Sapphire Reserve®. To ease the pain of the $695 annual fee, the Amex Platinum offers a number of credits and benefits that can help offset it (terms apply and enrollment may be required). Among them are:

$240 digital entertainment credit (up to $20 a month in statement credits)
$200 annual airline fee credit
$200 annual hotel credit
$12.95 monthly credit (plus taxes) for a Walmart+ membership
$200 in Uber cash ($15 each month and $35 in December)
$189 in statement credit to cover a CLEAR® Plus membership
Up to $100 to cover Global Entry or TSA PreCheck® application fees
$300 credit for Equinox club membership or Equinox+ subscription
$300 toward the purchase of a SoulCycle at-home bike
$100 credit at Saks Fifth Avenue ($50 semi-annually)

Current and prospective cardholders who can use all or several of these credits organically can easily get their money’s worth out of the annual fee. The card also includes valuable trip protections, insurance, airport lounge access and most recently, a partnership with award travel search engine Point.me.

The partnership with Point.me can help novice travel rewards enthusiasts find ways to use the generous welcome bonus that comes with the Amex Platinum card: Earn 80,000 Membership Rewards Points after spending $8,000 on purchases on the card in the first 6 months of card membership.

Amex Offers, a benefit of most Amex cards including the Platinum card, provide another avenue to put your regular spending to work, earning statement credits or bonus points for purchases.

Bottom Line

We never like to see benefits removed, especially those as popular as SiriusXM. A representative from Amex says there are no plans to add another service to the list of eligible providers. With seemingly never-ending fee increases and benefits like this being decommissioned, will the Amex Platinum card be a victim of death by a thousand cuts? Card members may grow weary of trying to master the coupon book of credits as options get slowly removed.

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To view rates and fees for The Platinum Card® from American Express please visit this page.

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Jerod Morales

Jerod Morales is a deputy editor at Forbes Advisor and a travel rewards expert. He took a deep dive into points and miles in 2016, searching for a way to make travel both possible and affordable for his growing family. Now, as a dad to four sons, he and his wife enjoy introducing their kids to cultures and cities across the globe as often as they can.

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