American Express offers a lot of value in the donut, so to speak, to justify its annual fees. One perk of having the Platinum Card® from American Express is that you'll receive a streaming credit of up to $300 annually, broken down into $25 statement credits monthly.
Given that the average household spends nearly $1,000 on streaming each year, built-in benefits can help you save on something you'll use.
Here's how this card offers you ample perks for entertainment purchases and how you can redeem this special perk.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Earn up to a $300 annual entertainment credit
Each year, cardholders receive up to $300 in entertainment credits to use with some subscriptions. Here's a list of all the items that qualify for the credit:
- Disney+
- ESPN+
- Hulu
- The New York Times
- The Wall Street Journal
- Peacock
How it works is you'll sign up directly with each provider and pay using your American Express Platinum card. Once enrolled, American Express offers you monthly statement credits of up to $25.
In turn, it allows you to enjoy premium content for less, and in some cases, free. You could do a free Peacock without ads membership, and the entertainment credit would cover all of your costs.
Regardless of how you use it, you'll need this card to qualify. If you don't have it, you can apply to see if you qualify without any impact to your credit.
How to receive Disney's $8 offer
Disney Plus offers many bundles, including Hulu, Max or ESPN Plus. The Disney+, Hulu and Max bundle is an entertainment powerhouse, allowing you to stream some of the hottest shows, movies and children's programming.
You can also get this bundle or any other of Disney's options for less with your American Express Platinum card.
How it works is you'll sign up for a bundle through Disney+.
If you select the Disney+, Hulu and Max bundle without ads, it's $32.99 per month. However, by using your Amex card as your payment method, you're maximizing your entertainment perk.
American Express issues credits based on eligible streaming services and how much you spend on them. In this example, you would earn the maximum $25 credit per month, bringing your total down to $7.99 plus tax.
In essence, you're getting three streaming services ad-free for less than the price of one. It makes this an incredible deal.
Meanwhile, if you don't mind ads, you can do the ad-supported plan for each of these three services for $19.99 per month. Using the entertainment credit would allow you to have this trio for free, making it an extraordinary value.
The bottom line on streaming deals
Streaming has become expensive, but there are ways to save. If you have the American Express Platinum card, use it to bundle services with Disney Plus and receive a steep discount.
Just make sure to bundle your services through Disney Plus. If you add Max through your TV provider instead of Disney, the discount won't apply.
We may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened. We may not cover every available offer. Our relationship with advertisers may impact how an offer is presented on our site but our editorial selection of products is made independently. 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. We calculate a typical annual reward for each card, assuming $36,000 spent annually and less any annual fee. Interest rates, fees, rewards and other terms listed in this article are subject to change. Before you apply for a credit card, check its current terms and conditions with the issuer.
Related content
