The Amex Platinum Card: How To Use the $200 Oura Ring Credit [2026]

One of the most popular premium rewards cards is the Platinum Card^® from American Express. It offers numerous perks, such as airline credits, ride-sharing app credits, airport lounge access, travel statement credits, hotel elite status, and more. However, 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 other establishments. 

One of those new statement credits is an annual statement credit of up to $200 for the Oura Ring upon enrollment. If you aren’t familiar with it, 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 — after first enrolling for the benefit through Amex. 

Purchasing the Oura Ring With Your Amex Platinum Card

There are different models and prices for the Oura Ring, and the Amex Platinum card’s $200 credit is valid on all of them, assuming you purchase the ring at Ouraring.com.

Here are the available models:

Oura Ring 4

The Oura Ring 4 starts at $349 for the silver and black colors. Some models cost $399, and the rose gold and gold models start at $499.

While the $200 statement credit won’t fully cover the purchase, it can make a sizable dent. This model comes in 6 colors, offers up to 8 days of battery life, and utilizes technology that provides better accuracy.

Oura Ring 4 Ceramic

The Oura Ring 4 Ceramic starts at $499 and is available in 4 distinct ceramic finishes: midnight blue, lavender, white, and mint green. These rings offer the same features and capabilities as the Oura Ring 4, differing only in aesthetic finishes.

Amex Platinum Card Overview and Benefits

Terms Apply / Rates & Fees

Platinum Card^® from American Express

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

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

Apply Now(at Amex's secure site)

Apply With Confidence

Know if you're approved with no credit score impact

If you're approved and accept this Card, your credit score may be impacted.

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 you spend $12,000 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. 

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

UP's Offer Valuation*:

Up to $3,850

Annual Fee

$895

APR

See Pay Over Time APR

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^® Score 8, one of many types of credit scores lenders may use when considering your credit card application.

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
• Annual and monthly statement credits upon enrollment (airline credit, Uber Cash and Uber One, Resy, Saks Fifth Avenue credit, lululemon credit, streaming credit, prepaid hotel credit on eligible stays, Walmart+ credit, CLEAR+ credit, and Equinox credit)
• TSA PreCheck or Global Entry credit
• Access to American Express Fine Hotels and Resorts and Amex International Airline Program
• Access to Amex transfer partners
• No foreign transaction fees (rates and fees)

 

Cons

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

 

Read Full Review

Card Highlights

• You may be eligible for as high as 175,000 Membership Rewards^® points after you spend $12,000 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.
• 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.
• $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.
• $300 Digital Entertainment Credit: Experience the latest shows, news and recipes. Get up to $25 in statement credits each month when you use your Platinum Card^® for eligible purchases on Disney+, a Disney+ bundle, ESPN streaming services, Hulu, The New York Times, Paramount+, Peacock, The Wall Street Journal, YouTube Premium, and YouTube TV when you purchase directly from one or more of the providers. Enrollment required.
• $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.
• $400 Resy Credit + Platinum Nights by Resy: Get up to $100 in statement credits each quarter when you use the Platinum Card^® to make eligible purchases with Resy, including dining purchases at U.S. Resy restaurants. Enrollment required. 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.
• $209 CLEAR+ Credit: CLEAR+ helps get you to your gate faster by using your face to verify you are you at 55+ airports nationwide. You can cover the cost of a CLEAR+ Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR+ with your 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, when available, and guaranteed 4PM check-out.
• $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.
• 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

• APR: See Pay Over Time APR
• Foreign Transaction Fees: None

Rewards Center

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 can more than pay for the annual fee, such as the card’s current fantastic welcome 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
• Hilton Honors Gold, Marriott Bonvoy Gold Elite, and Leaders Club Sterling status
• Complimentary elite status and benefits at Avis, Hertz, and National
• Access to Amex Fine Hotels + Resorts and The Hotel Collection
• Travel insurance benefits
• Up to $200 in airline fee credit annually
• Up to $600 in prepaid hotel credit annually
• Up to $200 in Uber Cash every year (up to $15 each month January – November and up to $35 in December, valid on U.S. Eats orders or rides – you must add your Amex Platinum card to your Uber account and pay for your purchase with an Amex card to earn and redeem this benefit)
• Up to $209 in CLEAR+ credits every year
• 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 nontravel benefits, some of which also require enrollment:

• Up to $400 in Resy credits every year
• Up to $300 in lululemon credits every year
• 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
• Up to $120 in Uber One 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 and Platinum Nights by Resy

Final Thoughts

Though 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 get the ring at a much more affordable cost. It’s an excellent gift, or you can keep it for yourself.