How to Use the New American Express Statement Credits [2020]

American Express Statement Credits

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American Express is one of the world’s most recognizable brands. American Express has traditionally appealed to the luxury segment, and around a third of its cardholders’ spending was on travel or entertainment. All of this started plummeting at the onset of the COVID-19 pandemic. American Express has, yet again, swooped in with valuable benefits to save the day.

American Express has identified that consumer spending patterns are beginning to shift dramatically, and it has introduced a slew of perks. Of these perks, Amex has begun to offer new types of statement credits, mostly to help offset the annual fee and to continue to retain customers.

In this guide, we’ll specifically be examining 6 types of statement credits:

  • Expanded dining credits
  • Increased Dell credits
  • New wireless telephone credits
  • Streaming services credits
  • Shipping credits
  • Variis by Equinox credits

First, we’ll include a broad overview of the specific statement credit. Next, we’ll discuss the terms and conditions for the statement credit. We’ll then highlight which cards receive the credit. At the end of each section, we’ll show you how you can make the most of each statement credit.

Expanded Amex Dining Credits

Takeout food
Image Credit: Syda Productions via Shutterstock

Perhaps the most valuable addition to the (very long) list of Amex card perks is the ability to use a hotel credit for restaurants. Keep in mind that these aren’t new statement credits. Instead, these are expanded statement credits that are now easier to use. Let’s look at the cards that offer this versatility.

Cards With Dining Credit Changes

Marriott Bonvoy Brilliant™ American Express® Card

The Marriott Bonvoy Brilliant card is one of the best credit cards for Marriott loyalists, and it comes with a $300 Marriott Bonvoy statement credit benefit, which resets every cardmember anniversary year. You can now use the entirety or a portion of this statement credit at U.S. restaurants, including takeout and delivery.

Hilton Honors American Express Aspire Card

The Hilton Aspire card comes fully loaded with a laundry list of amazing benefits. Previously, the $250 Hilton resort credit could only be used at select Hilton resorts. You could use it for room nights, though Advance Purchase rates were explicitly excluded.

This perk, which resets every cardmember anniversary year, has now been expanded to include purchases at U.S. restaurants, including takeout and delivery.

Dining Credit Details

When is this Credit Valid?

This statement credit is valid from June through August 2020.

What Purchases Qualify for the Credit?

Eligible purchases at U.S. restaurants, including takeout and delivery, will qualify for these credits. There aren’t many restrictions on qualifying purchases. Click here to access the categories.

Best Ways to Maximize Dining Credits

Luckily, the expanded credits are easy to make use of. All you have to do is make a purchase from a restaurant for dine-in, takeout, or delivery using your eligible credit card for the credit to kick in.

Increased Amex Dell Credits

Dell
Image Credit: Gabriel Pahontu via Shutterstock

Card With Dell Credit Changes

The Business Platinum Card® from American Express

Of the many benefits of Amex Business Platinum card, the Dell credit is perhaps one of the most useful. Traditionally, the Dell credit was split up into 2 equal credits of $100 each. You could use 1 credit from January to June and the other credit from July to December.

Now, select cardholders can receive up to $200 in additional statement credits.

The Amex Business Platinum card has one of the best value propositions out there. It is the only card that offers a statement credit for purchases with Dell Technologies.

Now, you can earn up to $200 in additional statement credits. When you take into account the existing $200 in statement credits, you can earn up to $400 in statement credits in 2020.

Dell Credit Details

When is this Credit Valid?

You’ll receive up to $100 in statement credits from May 1 through June 30, 2020, and another $100 in statement credits between July 1 and December 31, 2020, on top of the existing statement credits.

Simply put, you’re potentially doubling your Dell statement credits for 2020.

What Purchases Qualify for the Credit?

You’ll only receive this statement credit on purchases made directly with Dell or at Dell.com in the U.S. and U.S. territories where Dell is the merchant of record for the purchase.

Also, the Dell credit is invalid on online purchases shipped outside of the United States.

Best Ways to Maximize Dell Credits

As a reminder, the Dell credit requires enrollment by logging into your online Amex account.

Once you’re enrolled, the best way to make use of Dell credits is to shop online at dell.com and pay using your Amex Business Platinum card. You can seriously upgrade your electronics by purchasing items such as:

  • Desktop or laptop computers
  • Audio accessories, like headphones and speakers
  • Office accessories, like keyboards, mice, and monitors
  • Home improvement appliances, such as a Roomba
  • Video games

Hot Tip: Using Rakuten to earn bonus cash-back on Dell purchases you were going to make anyway is a great way to maximize the value you get from every dollar you spend. We’ve detailed everything you need to know about Rakuten, including how it works, how to earn cash-back, and some tips to supercharge your earnings.

New Amex Wireless Credits

Young Man Relaxing Sitting On Sofa At Home Talking On Phone
Image Credit: oliveromg via Shutterstock

The next credit we’ll be discussing is the new wireless telephone credit. You can get up to $20 per eligible card in monthly wireless credits for your cellular bills.

This wireless credit is in addition to all the other perks, so you’re getting this for free instead of making use of expanded but existing statement credits.

Cards With Wireless Credit Changes

The Platinum Card® from American Express

The Amex Platinum card offers some of the best travel perks out there. Amex has temporarily added wireless statement credits for up to $20 per month.

The Amex Business Platinum Card

The Amex Business Platinum card is one of the best, if not the best, ultra-premium business cards in the world. In addition to its numerous existing perks, you can now get wireless statement credits for up to $20 per month, making the Amex Business Platinum worth a consideration.

American Express® Green Card

The Amex Green card offers jam-packed value without a massive price tag. It’s one of the most well-rounded cards for spending, thanks to its bonus categories at restaurants worldwide and travel purchases.

To add even more to its value proposition, American Express has included an additional wireless statement for up to $10 per month.

Wireless Credit Details

When is this Credit Valid?

The wireless telephone credit is valid from May through December 2020.

What Purchases Qualify for the Credit?

Be sure to read this section carefully because not all purchases will qualify for the credit.

According to Amex, wireless telephone service purchases must be made for monthly wireless telephone service charges and made directly from a wireless telephone service provider in the U.S.

Here are some purchases that don’t qualify:

  • Purchases from authorized retailers, resellers or third party sellers
  • Purchases for hardware (e.g phones and accessories) or repair services
  • Bundled services offered by wireless companies for TV, internet, and VoIP
  • VoIP services

Here are some merchants that don’t qualify:

  • Authorized retailers or resellers (e.g. Spring Communications, Wireless Zone)
  • Bundled packages (e.g. AT&T U-verse, Verizon Fios)
  • Superstores (e.g. Walmart, Target)
  • Electronics stores (e.g. Best Buy, Staples)

Here are some merchants that can qualify:

As you can see, you can eliminate 2 avenues:

  • Bundled packages, such as Spectrum bundles
  • Online, 1-time purchases, such as for an iPhone charger on Verizon’s website

Best Ways to Maximize Wireless Credits

The best way to make the best use of your wireless credits is to make partial payments to your recurring phone bill.

For example, if you have the Amex Platinum card and the Amex Green card, you’ll be able to qualify for up to $30 ($20 plus $10) per month in wireless credits.

Let’s say your wireless bill from AT&T comes in at a cost of $50 per month. By scheduling partial payments manually online each month, you can save $30 off your wireless bill, which translates into cold, hard cash. You’ll only pay $20 per month after these credits are applied.

When maximized properly via partial payments, you can definitely value these wireless credits at face value since you’re saving cash on your wireless bill directly.

Bottom Line: Wireless telephone credits are a neat, new benefit for select American Express cards. The best way to make the most of them is to schedule partial payments to your phone bill of either $20 or $10 to offset the actual cost of your wireless bill.

New Amex Streaming Credits

Streaming
Image Credit: Said Marroun via Shutterstock

Amex’s new streaming subscription credits are a bit more difficult to make great use of. These new statement credits are primarily for content consumption, though there are some gems within the eligible list of services.

Card With Streaming Credit Changes

The Amex Platinum Card

The Amex Platinum card currently offers up to $20 per month on select streaming services purchased directly from the service provider. In total, you can earn up to $160 in streaming statement credits.

Streaming Credit Details

When is this Credit Valid?

The streaming statement credit is valid from May through December 2020.

What Purchases Qualify for the Credit?

Here’s Amex’s official list of Select U.S. Streaming Subscriptions:

Amex Eligible Select U.S. Streaming Subscriptions
Amazon Music UnlimitedHuluShowtime
Apple MusiciHeartRadioSling TV
Apple TV+Kindle UnlimitedSiriusXM Streaming and Satellite
AT&T NowLuminarySpotify
AudibleMLB.TVStitcher
CBS All AccessNBA League PassYouTube Music Premium
Disney+NetflixYouTube Premium
ESPN+NHL.TVYouTube TV
Fubo TVPandora
HBO NowPrime Video

Best Ways to Maximize Streaming Credits

There really isn’t a catch-all way to maximize these streaming credits because everybody watches different content and prefers different platforms.

For example, someone might love HBO, while someone else might love Netflix.

That being said, there are some powerhouse brands that most people use. Some of these are:

If you’re already a subscriber to these platforms, all you have to do is change your payment method to an eligible card. That way, you’ll save big on your monthly streaming services.

If you’re not a subscriber to these platforms, it might be a great time to pick up some audiobooks with Audible, read some books with Kindle Unlimited, see what the craze is with Game of Thrones using HBO Now, or start listening to your favorite music on-demand with Apple Music or Spotify.

New Amex Shipping Credits

UPS Store
Image Credit: Ken Wolter via Shutterstock

The very last credit we’ll be discussing is the new Amex shipping credit, which is a perk that many businesses consider essential.

Shipping makes up the backbone of business activity, so it’s great to see Amex thinking forward with this.

Hot Tip: Be sure to stack some Amex Offers to earn bonus points or save even more on your shipping purchases!

Card With Shipping Credit Changes

The Amex Business Platinum Card

The only card that offers this new shipping credit is the Amex Business Platinum card. This is yet another benefit that makes getting this a vital card for business owners to hold.

Shipping Credit Details

When is this Credit Valid?

The shipping credit is valid from May through December 2020.

What Purchases Qualify for the Credit?

Currently, only U.S. shipping purchases qualify. These include courier, postal, and freight shipping services.

Here are the most popular merchants:

  • FedEx
  • United States Postal Service
  • UPS

It’s important to note that shipping costs for retail purchases won’t qualify, such as paying for shipping on your Amazon orders. You also won’t qualify for the shipping credit with moving services, local trucking, and trash removal.

Best Ways to Maximize Shipping Credits

The easiest way to make the most of this shipping credit is to pay for shipping.

If you don’t normally send packages or letters, you can try paying for printing services at FedEx, though it’s unclear if Amex will honor this shipping credit.

Hot Tip: Looking for the best business cards for shipping purchases? We’ve got you covered in our in-depth guide. 

New Variis by Equinox Monthly Credits

Variis by Equinox Amex
Image Credit: Variis

Variis is an on-demand virtual fitness app from Equinox, a luxury gym brand. Users can take classes using their at-home SoulCycle bike, follow workout videos, relax with PURE Yoga, and more.

Cards With Variis by Equinox Changes

The Amex Platinum Card

Amex Platinum cardholders can receive up to 9 $25 Variis by Equinox monthly credits.

Blue Cash Preferred® Card from American Express

Blue Cash Preferred cardholders can receive a $10 Variis by Equinox monthly credit, though the number of credits is unknown.

Other Eligible Amex Cardholders

Eligible cardholders can receive a $10 monthly credit for the first 3 months.

Variis by Equinox Credit Details

When is this Credit Valid?

The credits for the Amex Platinum card are valid through June 30, 2021. The credits for other eligible Amex cardholders are valid through April 1, 2021.

What Purchases Qualify for the Credit?

A monthly subscription before any statement credits costs $39.99.

Best Ways to Maximize Variis by Equinox Credits

Start your monthly subscription using Variis by Equinox’s Amex landing page and paying with your eligible Amex card.

Hot Tip: Cardholders of the Amex Platinum Card are also eligible for 2 new complimentary 12-month subscription offers — an Uber Eats Pass featuring discounts and free delivery (enroll by December 31, 2021) and a Calm Premium subscription, designed to help Calm app users sleep, meditate, and relax (enroll by December 31, 2020).

Final Thoughts

These new, increased, and expanded statement credits that American Express has begun offering are a nice addition. American Express recognizes that there’s not going to be a whole lot of travel during this period, so it’s widened the perks it offers.

Whether it’s content consumption via the streaming credit, offsetting your phone bill via the wireless credit, or upgrading your home or business via the increased Dell credit, you’ll probably be able to extract solid value from your card during these times.


For rates and fees of the Marriott Bonvoy Brilliant™ American Express® Card, click here.
For rates and fees of the Hilton Honors American Express Aspire Card, click here.


Frequently asked questions

What is a statement credit?

A statement credit is essentially the opposite of a payment. It behaves a lot like a refund, but you’re not actually returning anything. It’s basically free money!

Learn more with our ultimate guide to credit card statement credits.

How does an Amex statement credit work?

In order to use a statement credit, you need to use your card. Before that, you might need to activate a statement credit. Sometimes, however, the statement credit is automatic. In that case, all you need to do is pay for a qualifying purchase using the card to get a statement credit. It may take up to 12 weeks for statement credits to post.

What is a $200 statement credit?

A $200 statement credit is simply a statement credit for a maximum of $200. This means that if you make a qualifying purchase, you’ll get up to $200 back.

For example, if your purchase is $250, you’ll get $200 back and pay only $50 out of pocket. If your purchase if $150, you’ll get the entire $150 back and usually still have $50 leftover for a future qualifying purchase.

Is an American Express card worth it?

American Express forms one of the cornerstones of credit card rewards. It has so many amazing credit cards, so it is absolutely worth it to get an Amex card.

Stephen Au

About Stephen Au

Born and raised in Los Angeles, Stephen has been privileged to enjoy many premium cabin products and 5-star hotels. A petroleum engineer by trade, Stephen caught the travel bug in college when he traveled to Asia several times. After 2 years of continual promotions, Stephen quit his safe and secure career path in favor of entrepreneurship.

Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. No responsibility will be taken by the bank advertiser for these comments.

10 comments

  1. Chris Usita May 10, 2020

    Hi Stephen,
    This was posted in one of the Forbes article on May 4, 2020.

    “American Express Announces Major Changes Due To Coronavirus”

    “As a reminder, each Card Account is eligible for up to $50 in additional statement credit between May and June 2020 and $50 in additional statement credits between July and December 2020 on purchases with Saks Fifth Avenue. This includes online purchases.”

    It is someone’s article but just wondering if you’ve heard this info. Thank you and stay safe!

    Sincerely,
    Chris U

    Reply

    • Hi Chris,

      I have just spoken with an American Express representative and they have informed me that the Forbes article is not accurate. American Express is not offering additional Saks Fifth Avenue statement credits.

      Thanks for reading!

      Reply

  2. Heads up, whoever wrote this article got the Amex business platinum card information regarding a $20 streaming credit wrong. I looked at Amex’s press release and there is nothing about that anywhere and we all know how damaging fake news can be so please correct this as soon as possible. I even asked DOC and they said the same thing it’s likely wrong unless you have a source that knows more than Amex has released. And if it’s true please confirm cause I would love to use it.

    Thanks

    Reply

    • Hi Casey,

      You are correct, the Business Platinum card does not offer a streaming credit. I’ve correct the post to remove that information. Thank you for pointing this out!

      Reply

  3. Does Ship credit apply with eBay ship? PayPal is intermediary before you choose FedEx/USPS etc

    Reply

    • Hi Joe,

      It may or may not work. It’s worthwhile to try. If you don’t get the credit posted, please reach out to Amex to get clarification on manually applying the shipping statement credit.

      Reply

  4. Can the AE Business Platinum shipping credit be used to purchase stamps at the USPS?

    Reply

  5. What is the shipping credit? I looked but did not see that information.

    Reply

Any thoughts or questions? Comment below!

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