Amex Platinum Cardholders: Use These $175 Worth of Credits Expiring September 30

In case you missed it, Amex’s most premium consumer card got a giant update last week. The Platinum Card^® from American Express now packs in more benefits than ever — without losing a single perk it already had.

While the higher annual fee of $895 (rates & fees) can certainly sting, cardholders have a limited-time opportunity to offset up to $175 in value right now.

All it takes is utilizing 2 newly added “use-it-or-lose-it” credits before September 30, 2025. Here’s everything you need to know.

Amex Platinum Card Adds New lululemon and Resy Credits

Amex just gave the card a major refresh, stacking on new perks across travel, dining, entertainment, and more. While the annual fee went up by $200 to $895 for new applicants, it’s important to know that the increase won’t kick in until cardmember renewal dates on or after December 2, 2025.

In the meantime, all of the newly added benefits were made immediately available to both new and existing cardholders.

Keep in mind that each statement credit comes with its own rules; some reset annually, others semi-annually, etc. The newly added lululemon and Resy credits (which require enrollment) are issued quarterly. Since the refresh was just announced on Thursday, September 18, cardholders have only a short window before Q3 wraps up on September 30:

• $300 annual lululemon credit: Get up to $75 in statement credits per quarter after you enroll and use your Amex Platinum card to pay for eligible purchases at U.S. lululemon stores (excluding outlets) or online (excluding outlets), for a total of up to $300 in statement credits per year.
• $400 annual Resy credit: Get up to $100 in statement credits each quarter when using your Amex Platinum card to make eligible purchases with Resy, including dining purchases at over 10,000 U.S. Resy restaurants (as of March 2025).

As these quarterly credits do not roll over, you have exactly 1 week to enroll in these benefits and go make an eligible purchase at lululemon and Resy before they expire on Tuesday, September 30. (For Resy, you don’t need to make a reservation on the platform beforehand — it’s as simple as paying for your meal at any U.S. restaurant on Resy with your Amex Platinum card.)

By utilizing these 2 credits alone, you can unlock up to $175 of additional value in the next few days. Combined, these 2 credits alone provide up to $700 in ongoing cardholder value every year, and that’s before utilizing any of the travel benefits or even the ubiquitous points-earning opportunities offered by the card.

Officially, it can take up to 8 weeks for Amex to post the statement credit to your account. However, in practice (and nearly 10 years of Amex card membership), I’ve never waited longer than 1 week.

Is the New Amex Platinum Card Worth It?

Let’s take my very own cardmember anniversary as an example. I paid my $695 renewal on August 20, 2025 — locking in that lower rate in for a full year.

By using the Q3 lululemon and Resy credits, I captured the full up-to-$175 in value right away. I’ll also be able to redeem these quarterly credits again in Q4 2025, Q1 2026, Q2 2026, and Q3 2026. That adds up to $875 in statement credits from just these 2 perks — far more than the $695 annual fee I paid this year.

Even when my renewal hits $895 in August 2026, the value is still there for me since I shop at lululemon regularly and often dine at Resy-affiliated restaurants.

That said, there’s another opportunity with the enhanced hotel credit. Cardholders now receive up to $600 annually — split into $300 semi-annual credits — for prepaid Fine Hotels + Resorts^® or The Hotel Collection bookings through AmexTravel.com (minimum 2-night stay required for The Hotel Collection).

In other words, you have until December 31, 2025, to use your semi-annual allotment of up to $300. Then, on January 1, 2026, you can receive another up to $300 credit, then another starting on July 1, 2026.

+ NEW 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 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

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 cardapplication.

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)

Read Full Review

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

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

Rewards Center

American Express Membership Rewards

Of course, these benefits are just the start. For me, the Amex Platinum card remains a must-have travel card, thanks to lounge access and its strong 5x Membership Rewards points on flights booked directly with airlines or through AmexTravel.com (up to $500,000 per year, then 1x).

Final Thoughts

Using these 2 credits before they expire on September 30, 2025, is just 1 example of how you can maximize the full potential of the Amex Platinum card.

The Amex Platinum card continually delivers value for me year after year. While it’s not the best card for everyone, this premium card aligns extremely well with my ongoing spending and travel habits, such that it’s a no-brainer for me to keep it firmly in my wallet.