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American Express continues to enhance The Platinum Card® from American Express. Cardholders now receive statement credits for Walmart+ subscriptions and SoulCycle At-Home Bike purchases.
(Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.)RELATED: Big Amex Platinum News: Huge Welcome Offer, Annual Fee Hike, New Statement Credits, and More
Walmart+ Subscription Credit
Platinum Card holders can charge $12.95 plus tax for Walmart+ membership and receive the entire amount back in statement credits.
Walmart+ is sort of like Walmart’s answer to Amazon Prime. (Though I wonder if Walmart+ will start to produce its own TV shows and movies like Amazon does. I’m guessing no.)
An announcement says, “Walmart+ members receive unlimited free shipping with no order minimum on items shipped by Walmart.com, free delivery from stores, as well as mobile and contactless check-out to make shopping faster.”
Remember to start your Walmart purchases at a cashback portal such as Rakuten or TopCashback. I don’t see any language excluding Walmart+ orders from earning cashback.)
I’ll sign up for Walmart+. Not that I shop often through Walmart. But the monthly purchase should earn American Express® Membership Rewards® points — and the subscription costs still get fully credited back. So it’s like 13-ish free Membership Rewards points. And I’m sure there will come a time when I actually need something from Walmart+.
I find this addition rather interesting. The Platinum Card offers statement credits at Saks Fifth Avenue, grants access to its exclusive Centurion Lounges in airports, and now gives cardholders up to $200 in annual statement credit for Fine Hotels & Resorts purchases of stays lasting at least two nights. (Enrollment is required for the Saks Fifth Avenue benefit.) Teaming up with a store many equate with, well, an interesting reputation isn’t a move I expected. But, hey, you don’t know until you try.
Perhaps Amex is aiming to broaden the Platinum Card’s appeal?
RELATED: How I’m Using my Amex Platinum Card Statement Credits (How About You?)
Soul Cycle Bike Purchase Credit
Platinum Card Members will receive a $300 statement credit each time they purchase a SoulCycle At-Home Bike. My research shows that the bikes sell for $2,500. But, hey, the $300 credit can be used up to 15 times per calendar year. Better get started buying those bikes now! 🙂
An Equinox+ membership is required to purchase SoulCycle’s At-Home Bike and access SoulCycle content. The bike’s full price must be purchased in one transaction. Keep in mind the Platinum Card already offers a $25/month Equinox+ statement credit. So that’s nice, I guess.
I don’t think I’ll take advantage of this one…
Final Approach
The Platinum Card® from American Express members now receive statement credits for Walmart+ subscriptions and SoulCycle At-Home Bike purchases. I’ll kick the tires on the Walmart+ subscription and earn some points. The Soul Cycle At-Home bike statement credit certainly is a good deal — for people looking to purchase a Soul Cycle At-Home bike…
What do you think about these additions?
To see rates and fees for The Platinum Card® from American Express, please visit this link. Terms apply.
Advertiser Disclosure: Eye of the Flyer, a division of Chatterbox Entertainment, Inc., is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact how and where card products appear on the site. This site does not include all card companies or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities. Some of the links on this page are affiliate or referral links. We may receive a commission or referral bonus for purchases or successful applications made during shopping sessions or signups initiated from clicking those links.
Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
I discovered Walmart.com during the pandemic. They often have a better price than Amazon for the same item(s). Other times they are more expensive. The minimum spend for free delivery was sometimes the deal-breaker, so thank you Amex Platinum for this new nice statement credit. It will be very useful.
BTW, I never shopped at Walmart prior to the pandemic. But their online store became very useful to me during the pandemic.
Good to know! Thanks, Don!