American Express recently announced Additional Platinum Card Benefits Added for 2020 for cardholders of the Platinum Card® from American Express.

In light of the current COVID-19 pandemic, American Expresss is adding two additional monthly statement credits:

• On-Demand Savings: Get up to $20 back in statement credits each month when you use your Card for select U.S. streaming subscriptions through 12/31/20.
• Support for Staying Connected: Get up to $20 back in statement credits each month you use your Card on wireless telephone services purchased directly from U.S. service providers through 12/31/20.

However, it turns out Platinum Cardholders are also being notified of an additional $200 travel credit. The $200 travel credit is good for any purchases made through Amex Travel.

Per the email, In appreciation of your Card Membership, when you renew your Platinum Card this year, you can start earning up to $200 in statement credits after you make eligible purchases with American Express Travel through 12/31/21. Details to come.

Bottom Line

It’s clear that American Express is doing as much as possible to retain current cardholders of the Platinum Card, given the current halt in travel including the temporary closure of the Centurion Lounges.

It’s nice to see American Express add these additional statement credits, which add up to $360 additional savings for 2020 if you’re able to max out on both the steaming and wireless service benefit, as well as the additional $200 Amex Travel credit which will be valid through the end of next year.

There’s no need to register for these credits, all you’ll need to do is spend on your eligible Platinum Card and the statement credit should be reflected automatically.

American Express is also currently giving out lucrative retention offers for the Platinum Card ranging from 50,000 Membership Rewards points with no spending at all to 30,000 Membership Rewards points with a spending requirement. If you’d like to see if you’re eligible for any retention offers on this card, call the retention line at 855-857-7657, and ask if there’s any retention offers available for your account.

What are your thoughts on the the $200 Amex Travel credit? Feel free to share in the comments below.