If you’ve been considering The Platinum Card® from American Express, December might just be the perfect time to go for it. While the annual fee of $695 may seem steep, the card offers a plethora of statement credits that can add significant value, especially if you receive your card in December.
One of the main advantages of getting the card in December is that many of the valuable statement credits reset on January 1. By signing up in December, you can take advantage of the credits for the current year and then start fresh with a new set of credits just a few weeks later.
For example, the card offers a $200 annual credit for certain hotel bookings and a $200 annual credit for airline incidental fees. These credits must be used before the end of the year, making December the ideal time to maximize their value.
Additionally, by receiving your card in December, you have the potential to unlock three years’ worth of credits within your first cardholder year. This can be achieved by using the current year’s credits in December, using the next year’s credits starting January 1, and using the following year’s credits before your annual fee comes due.
The card also offers statement credits for brands like Uber, Equinox, and Saks Fifth Avenue, totaling $1,500 annually. These credits reset on a monthly basis, so it’s important to take advantage of them throughout the year.
Moreover, the card provides credits that can be used for holiday gifts, such as a $50 Saks Fifth Avenue credit twice a year and a monthly Walmart+ membership fee credit. These credits can be a great way to save on gift purchases during the holiday season.
Furthermore, the card offers access to airport lounges, making holiday travel more comfortable and convenient. With perks like Centurion Lounges and Global Lounge Collection access, as well as Global Entry/TSA PreCheck credits, you can breeze through the airport with ease.
Lastly, the card’s welcome offer of earning 80,000 Membership Rewards® Points after spending $8,000 in the first 6 months can be easily met by leveraging holiday spending in December.
To view the rates and fees of The Platinum Card® from American Express, visit this page.
Overall, December is an opportune time to apply for The Platinum Card® from American Express and take advantage of its generous benefits and statement credits.