How to use the Amex Platinum digital entertainment credit

Admin November 18, 2024

The Platinum Card® from American Express is a top-tier premium travel rewards card with a $695 annual fee (see rates and fees).

At first glance, that figure looks colossal for a single card. However, the plethora of lifestyle-oriented benefits helps cardholders justify keeping the Amex Platinum in their wallets.

One such feature is a monthly statement credit toward eligible digital entertainment subscriptions.

What is the Amex Platinum digital entertainment credit?

The Amex Platinum offers up to $240 in “digital entertainment” statement credits annually, spread out in monthly $20 increments. Enrollment is required, and terms apply. You can use these credits for the following subscriptions:

Disney+, Hulu, and ESPN+ — or a Disney Bundle (which includes up to all three services)
Peacock
The New York Times
The Wall Street Journal

American Express periodically changes the services this statement credit covers, so pay close attention to the list of covered subscriptions.

First, note that you must enroll your card before making a qualifying purchase. You won’t receive any statement credits if you fail to do this.

Head to your Amex Platinum home page and click the “Benefits” tab at the top of the screen.

You’ll now see many tiles outlining each of your card benefits in full. Scroll until you see “$240 Digital Entertainment Credit.” You can click either the “Get Started” or “Learn More” button.

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Scroll past the details and tips until you see a picture of your card. Indicate that you understand the terms and conditions of the card benefit, and click “Enroll Now.”

That’s it — you’re ready to start saving.

Let’s now look at the costs of each digital entertainment subscription. Remember that you must enroll directly with the provider for your Amex credit to trigger. You can’t sign up via a mobile app or third party.

Cost of plans covered by the digital entertainment credit

Disney+, Hulu and ESPN+

Touted as “The Disney Bundle,” you can get all your movie, TV shows and sports-watching needs covered with Hulu, Disney+ and ESPN+. You can also unbundle these offerings, and the digital entertainment credit will also reimburse each monthly service individually.

There are varying levels of services with each plan, but here are some of the current monthly prices we’ve found:

Disney Bundle Duo Basic: $10.99 per month — access to Disney+ and Hulu (both with ads)
Disney Bundle Duo Premium: $19.99 per month — Disney+ and Hulu (both with no ads)
Disney Bundle Trio Basic: $16.99 per month — Disney+, Hulu and ESPN+ (all with ads)
Disney Bundle Trio Premium: $26.99/month — Disney+, Hulu, and ESPN+ (all with no ads)
Legacy Disney Bundle: $21.99 per month — Disney+ (no ads), Hulu (with ads) and ESPN+ (with ads). Note: This plan is no longer available to purchase or switch to on Disney+; existing subscribers can keep their plan as long as they do not cancel or change it.
Hulu with ads: $9.99 per month
Hulu without ads: $18.99 per month
Hulu with ads, plus Live TV, Disney+, and ESPN+ (all with ads): $82.99 per month
Hulu without ads, plus Live TV, Disney+ (without ads), and ESPN+ (with ads): $95.99 per month
Disney+ Basic (with ads): $9.99 per month
Disney+ Premium (without ads): $15.99 per month or $159.99 per year
ESPN+: $11.99 per month

As you can see, you can tailor the right plan that fits your needs. No matter which plan you choose, you must purchase the monthly subscriptions directly through the provider’s websites — after enrolling for the benefit with Amex.

Pro tip: The Disney Bundle Trio Premium may offer the best value for your money. It will maximize your up to $20 monthly digital entertainment credit, so it’s a great plan that covers all of your bases.

Peacock

Peacock offers two paid products:

Premium: $7.99 per month
Premium Plus: $13.99 per month

You will not be reimbursed for subscriptions bundled with cable services or other bundles, and you can’t use them toward gift cards of any sort.

Pro tip: Springing for the ad-free Premium Plus subscription can give you the best value, as you can also download content for offline viewing.

The New York Times

Ignoring limited-time or introductory offers, here’s what you can expect to pay for a subscription with The New York Times:

Digital subscription: $25 every four weeks
Paper copy: Starting at $10 per week (Sunday edition)
NYT Cooking: $1.50 per week
New York Times Games: $1.50 per week

You’ll need to visit The New York Times’ website to trigger the Amex Platinum credit. Unfortunately, you cannot use your credit for ad services, The New York Times conferences, gift cards, the TimesDigest or any purchases from The New York Times company store.

Pro tip: Many of these subscriptions are discounted when purchasing an annual subscription instead of paying monthly. For example, NYT Cooking costs $72 per year when you pay each month but only $50 in value if you pay a lump sum. That sharply diminishes the value of this digital entertainment credit.

The Wall Street Journal

Here’s what you can expect to pay for a subscription to The Wall Street Journal:

The Wall Street Journal Digital: $9.75 a week
The Wall Street Journal+ Digital Bundle (WSJ, Barron’s, MarketWatch, and Investor’s Business Daily Digital): $13.75 a week
Weekend print plus The Wall Street Journal Digital: $11.25 a week
Monday to Friday print plus The Wall Street Journal Digital: $13.75 a week
Monday to Friday and weekend print plus The Wall Street Journal Digital: $16.25 a week

Pro tip: The Wall Street Journal regularly posts specially priced offers for its services (digital and print). Those promotional periods are ideal times to sign up to stack the Amex Platinum Digital Credit with other subscriptions and maximize the $20 monthly credit.

FAQs on Amex Platinum digital entertainment credit

Is the Amex Platinum digital entertainment credit a good deal?

It can be. The issue is that many of us purchase our memberships annually because there is often a steep discount. The Amex Platinum statement credit works against a strategy like this. To get the biggest value from this benefit, you’ll need to pay for your subscriptions monthly, which can raise the effective price of your annual subscriptions.

For example, paying a lump sum for an annual subscription to various assets of The New York Times can save you 33% over monthly payments. In other words, you shouldn’t necessarily value the digital entertainment credit at $240 per year.

Which digital entertainment companies participate?

The providers that trigger the Amex Platinum statement credit reimbursement are Disney+, Hulu and ESPN+, Peacock, The New York Times and The Wall Street Journal. We hope that Amex will add even more popular services like Netflix and Spotify in the future.

What is the best use of the Amex Platinum digital entertainment credit?

This credit is limited enough that we don’t see any non-obvious methods for redeeming. If you already have any of these subscriptions, this credit is a good deal for you. If not, the credit may be enough to convince you to try a new thing. However, don’t calculate this credit into your annual savings unless it’s money you would have spent anyway.