The Amex Platinum Card — How To Use the $200 Oura Ring Credit

One of the most popular premium credit cards is the Platinum Card^® from American Express. It’s an absolute workhorse, offering airline credits, ride-share app credits, airport lounge access, travel statement credits, hotel elite status, and more.

But in recent years, Amex has expanded its flagship Amex Platinum card into a lifestyle card by offering statement credits at gyms, big-box retailers, and more. 

One of those new statement credits is an up to $200 annual statement credit for the Oura Ring upon enrollment. If you aren’t familiar, Oura Ring monitors your body’s physiological signs. It offers insights into your health by tracking your sleep, activity, heart rate, body temperature, and more.

Here’s what you need to know about the Amex Platinum card’s new $200 Oura Ring credit.

How Does the Amex $200 Oura Ring Credit Work?

You must make the correct purchases to be eligible for the statement credit. To take advantage of the credit, you must purchase an Oura Ring at Ouraring.com — not at another retailer — and enroll for the benefit through Amex. 

The easiest way to earn this statement credit is by buying an Oura Ring with your Amex Platinum card. Here’s how you can spend your credit.

Oura Ring Gen3

Oura Rings start at around $199 for the Gen3 model (which your statement credit would cover). The Gen3 model fully charges within 80 minutes and has up to 7 days of battery life. It provides accurate readings of over 20 biometrics that impact your overall health and comes in 2 designs.

Oura Ring 4

The newest model, Oura Ring 4, will cost at least $349. While the $200 statement credit won’t fully cover the purchase, it can make a sizable dent. This model comes in 6 colors, has up to 8 days of battery life, and uses technology that provides better accuracy.

Amex Platinum Card Overview and Benefits

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Platinum Card^® from American Express

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The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

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Platinum Card^® from American Express

The Amex Platinum reigns supreme for luxury travel, offering the best airport lounge access plus generous statement credits, and complimentary elite status.

Welcome Offer

You may be eligible for as high as 175,000 Membership Rewards^® Points after spending $8,000 in eligible purchases on your new Card in your first 6 months of Membership. Welcome offers vary and you may not be eligible for an offer.

As High As 175,000 Points. Find Out Your Offer.

UP's Offer Valuation*:

Up to $3,850

Annual Fee

$895

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Good to Excellent

Why We Like This Card

When it comes to cards that offer top-notch benefits, you’d be hard-pressed to find a better card out there than the Platinum Card^® from American Express.

Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual statement credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.

Pros & Cons

Pros

• The best airport lounge access out of any card (by far) — enjoy access to over 1,550 worldwide lounges, including the luxurious Amex Centurion Lounges, Priority Pass lounges (enrollment required), Plaza Premium Lounges, and many more!
• 5x points per dollar spent on flights purchased directly with the airline or with AmexTravel.com (up to $500,000 per year)
• 5x points per dollar spent on prepaid hotels booked with AmexTravel.com

Cons

• $895 annual fee (rates and fees)
• Airline credit does not cover airfare (only incidentals like checked bags)

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Card Highlights

• You may be eligible for as high as 175,000 Membership Rewards^® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
• Get more for your travels with 5X Membership Rewards^® points on all flights and prepaid hotel bookings through American Express Travel^®, including Fine Hotels + Resorts^® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel^® on up to $500,000 on these purchases per calendar year.
• More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection^®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club^® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
• More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card^® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card^® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card^® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
• More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card^® at participating partners. Enrollment required.
• More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts^® or The Hotel Collection* bookings through American Express Travel^® using the Platinum Card^®. *The Hotel Collection requires a minimum two-night stay.
• New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card^® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card^®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
• More Value! $209 CLEAR^® Plus Credit: CLEAR^® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card^®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
• $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card^® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
• Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts^® through American Express Travel^®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
• New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card^® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That’s up to $300 in statement credits each calendar year. Enrollment required.
• $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card^®. *Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
• $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card^®. That’s up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
• Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
• $895 annual fee.
• Terms Apply.

Financial Snapshot

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• Foreign Transaction Fees: None

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American Express Membership Rewards

The Amex Platinum card offers fantastic benefits and huge rewards, but comes with a high $895 annual fee (rates & fees). However, the many benefits of the card more than pay for the annual fee, such as the card’s current fantastic welcome bonus offer and ability to earn up to 5x Membership Rewards points:

• 5x points on airfare purchased directly with the airline or through AmexTravel.com (up to $500,000 per calendar year, then 1x)
• 5x points on prepaid hotels purchased through AmexTravel.com
• 1x points on other purchases

The Amex Platinum card offers excellent luxury travel benefits at the airport, hotels, and more. Keep in mind that some benefits listed below require you to enroll via your American Express account:

• Access to the American Express Global Lounge Collection: Centurion Lounges, Priority Pass lounges (upon enrollment), 10 visits a year to Delta Sky Clubs (when traveling on same-day Delta flights, plus ability to unlock unlimited visits), and more
• Complimentary Hilton Honors Gold and Marriott Bonvoy Gold Elite status
• Complimentary elite status and benefits at Avis, Hertz, and National
• Amex Fine Hotels + Resorts and The Hotel Collection access
• Travel insurance benefits
• Up to $200 airline fee credit annually
• Up to $600 prepaid hotel credit annually
• Up to $200 in Uber Cash every year
• Up to $209 in CLEAR Plus credits every year
• Up to $120 Global Entry or TSA PreCheck application fee credit every 4 years

Amex is reimagining the card to be more focused on lifestyle benefits. In recent years, the issuer has refreshed the card to include some non-travel benefits, some of which also require enrollment:

• Up to $300 in digital entertainment credits every year
• Up to $155 in Walmart+ membership credits every year
• Up to $100 in Saks Fifth Avenue credits every year
• Up to $300 in Equinox credits every year
• $300 in credits each time you purchase a SoulCycle at-home bike
• Access to exclusive and tailored events through By Invitation Only
• Global Dining Access by Resy

Final Thoughts

While the Amex Platinum card has a massive annual fee, the issuer has recently enhanced it with hundreds of dollars in new travel and lifestyle credits.

While the Oura Ring statement credit may not appeal to everyone, it is still worth taking advantage of the benefit to at least be able to get a heavily-discounted product.