As markets undergo massive disruption, card issuers are looking to adapt to the new normal. Consequently, consumer spending has made a massive shift. As of today, airlines and hotels remain largely shut. Hence, customers are spending money elsewhere. In response, Amex put out details of the new benefits, credits and spend bonuses they’re offering customers. Amex is offering these benefits across the board, on many of their consumer and business cards, including co-branded card. Many of these benefits are valid till the end of this year.
New Amex Credits & Bonuses
Amex has classified these benefits and credits into different categories:
- Streaming and Wireless
- Stay-at-home dining and essentials
- Remote work essentials for small businesses
This page details all the benefits, credits and spend bonuses for each of the different cards listed. For me, some of the key benefits that I plan to use are listed below. Also, you don’t need to enroll in order to use many of these credits and benefits. You can read the full FAQ here depending on the card you carry.
- Up to a total of $320 in credits for Personal Platinum Cardholders on select US streaming and wireless telephone services (split monthly)
- Up to a total of $320 in credits for Personal Platinum Cardholders on US shipping and wireless telephone purchases (split monthly)
- Hilton Surpass and Aspire members will now earn 12x Hilton Honors bonus points for purchases at US supermarkets (May-July 2020)
- For Hilton Aspire Cardmembers, purchases a US restaurants as well as takeout and delivery services will qualify for the $250 resort credit (June-August 2020)
- Business Platinum Cardmembers will get an additional $200 for shopping at Dell thru 2020, which adds up to a total of $400 in statement credits from Dell for the year!
The Pundit’s Mantra
Amex gave a few hints in their most recent earnings call. They were looking to make changes in order to tailor them to cardmember needs. Overall, while these benefits may not be useful for everyone, it’s a great attempt by American Express to adjust their benefit offering to the current market scenario.
In my opinion, the only sore point is the fact that a few credits are split into monthly installments on the Platinum cards.
Which benefits do you find the most useful? Which Amex card do you intend to use the most for the rest of the year? Let us know in the comments section.
This card is currently offering a 50,000 points bonus and a 0% Intro APR for 1 year. Also, it has a $0 annual fee!
Hat Tip to Doctor of Credit