Easy Way to Use Amex Platinum Streaming Credits
Back in May, American Express introduced $320 in statement credits for Platinum Cards on select streaming and wireless telephone services (up to $20 per month on each, from May through December 2020). Ryan posted a guide on how to use these credits, but now there is also an easier way for those who want to redeem for Amazon credit.
Gifting Kindle Membership or eBooks
Dans Deals reports that among many other things, a Kindle Unlimited Gift Membership will also trigger the $20 streaming credit. A 6-month membership costs $47.86.
You can gift it to someone else, and they will have the option to use the membership or redeem the value as a gift card. The recipient will get an email for the gift, with a link to redeem as a gift card in the body of the email, or after clicking ‘get your kindle book now’.
An even better option is gifting an Amazon Kindle eBook. If you gift a book that costs $19.99 you can use up the whole credit without having to spend extra. The recipient will once again have the same option to redeem as a gift card.
Conclusion
Streaming services are pretty popular right now, so you might already be redeeming your credits by just paying for one of those services. But if you don’t currently pay for any streaming services, or if you can get a discount with a different payment method, then this could be a good option to cash out these credits.
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Definitely switched my Netflix, Disney Plus and Spotify over to Amex Platinum to ensure I got the $20 a month streaming credit but left my cell phone w IHG MC since that includes cell insurance. I was paying over $30 a month (4 IPhone 10s and 11s on my plan) so made since you leave it there. I did check the insurance and yes there are limits and deductibles but pretty comparable overall from a risk standpoint to what I was paying for before.