The Platinum CardÂŽ from American Express has always been the poster child for premium travel perks â airport lounges, Fine Hotels and Resorts, and airline credits galore. But with the 2025 refresh, American Express slipped in two new lifestyle credits that are pretty sweet (if you ask me): $300 annually at lululemon and $200 toward an Oura Ring.
On the surface, those donât scream âtravel card,â but I actually think theyâre some of the most fun additions weâve seen in a while. Hereâs why theyâre worth your attention⌠and when they might not be.
Breaking Down the New Credits
How the $300 lululemon Credit Works
This one is pretty straightforward. Youâll get up to $75 in statement credits per quarter to use at lululemon, either in-store or online in the U.S. (excluding outlets). If youâre already a lululemon fan, thatâs basically a free pair of joggers or some workout gear throughout the year. Even if youâre not a diehard, their accessories (from bags to water bottles) make it easy to use up the credit without forcing yourself into overpriced leggings. đ
The $200 Oura Ring Credit
Oura is a sleek little ring that tracks sleep, recovery, and overall wellness. With the Amex Platinum, youâll get up to $200 back in statement credits each calendar year toward purchasing the ring. Keep in mind it doesnât cover the ongoing monthly membership fee, so youâre essentially getting a big discount on the ring, not the full experience. Still, if youâve been curious about wearable tech (or just want an excuse to track how little youâre sleeping on those red-eyes), this is a solid perk.
Do They Offset the Higher Annual Fee?
With the refresh, the Amex Platinumâs annual fee climbs to $895 (rates & fees). Thatâs a tough pill to swallow, but these two credits alone cover $500 of it if youâll use them. Add in additional perks like the $600 hotel credit (up to $300 semi-annually), an airline incidental credit, and $120 Uber One, and you can see how the math starts working in your favor.
Of course, if youâre never stepping foot in a lululemon store or throwing on a wellness ring, these perks wonât mean much. But for many of you, theyâre a nice lifestyle bonus on top of already strong travel value.
How to Stack Them With Existing Platinum Benefits
The Amex Platinum is all about stacking. Combine the new credits with benefits like Centurion Lounge access, Fine Hotels & Resorts (FHR) perks, Global Dining Access via Resy, and lifestyle extras like the digital entertainment credit or shopping perks, and suddenly the card is touching almost every area of spending â travel, food, wellness, and fitness.
The beauty of these new credits is that they donât require you to hop on a plane. Even in a slow travel season, you could cover a chunk of the fee just by refreshing your gym gear and testing out a fun, new sleep tracker.
đ Pro Tip: Stack your rewards even further by shopping for your new lululemon gear through the Rakuten shopping portal.
When to Keep (or Ditch) the Card
If youâre hitting the lounges often, booking hotels through American Express TravelÂŽ, and now grabbing some new lululemon fits along the way, the Amex Platinum is easy to justify. But if youâre not interested in lifestyle perks and prefer a simpler card, the $895 fee (rates & fees) might feel like too much, which is totally fair.
đĄ Quick Reminder: To receive the statement credits, your purchase must be made directly with lululemon or Oura Ring. Purchases through third parties like Amazon or outlet stores wonât count.
Other Cards With Great Lifestyle Credits
Not sold on the Amex Platinum? Youâve got other options with lifestyle perks worth checking out:
Chase Sapphire ReserveÂŽ â Comes with a $300 annual travel credit (applied automatically) plus Priority Pass lounge access and DoorDash DashPass if activated by 12/31/2027
Capital One Venture X Rewards Credit Card â $300 annual credit for bookings through Capital One Travel and 10,000 anniversary miles each year; and still has lounge access via Priority Pass SelectTM and Capital One Lounges
American ExpressÂŽ Gold Card â Lower fee (rates and fees) and more focused credits like a $120 annual dining credit (up to $10 per month credits at Grubhub, Cheesecake Factory, etc.) and monthly Uber Cash
If you want lifestyle perks without juggling 10 different credits, these three cards are great alternatives.
Bottom Line
The Amex Platinum has always been about premium travel. But with the addition of lululemon and Oura Ring credits, itâs edging into lifestyle vibes, and Iâm here for it!
If youâre already shopping at lululemon or curious about wearable tech, these perks alone can take a hefty bite out of the annual fee. And when stacked with the Amex Platinumâs insane travel benefits, they round out the card quite nicely.
