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American Express Platinum Card

“By enrolling in the credit, claiming the Walmart Plus streaming perk, and stacking bundled services strategically, cardholders can realistically get four to five streaming platforms for little to no out-of-pocket cost each month, making the $300 annual entertainment credit straightforward to fully redeem.”

Best for: Streaming-heavy households already paying for multiple services who want those costs offset by credit card benefits

Annual Fee$895
APRSee issuer terms
Sign-up BonusNot mentioned in video
Credit Scoreexcellent
Reviewed by Max Miles Points
62K views2026-04-14

💳 Key Features & Perks

  • ✦$25 monthly entertainment credit ($300/year) for eligible streaming and digital services
  • ✦Eligible services include Disney+, Hulu, ESPN+, Paramount+, Peacock, HBO Max, YouTube Premium, YouTube TV, New York Times, and Wall Street Journal
  • ✦Walmart Plus membership covered ($12.95/month), which includes a free choice of Paramount+ Essentials or Peacock Premium
  • ✦Disney Bundle (Disney+, Hulu, HBO Max with ads) at $19.99/month fully covered by the $25 credit
  • ✦Peacock's Apple TV bundle ($14.99/month) is reimbursed because the charge appears as Peacock — an approved partner
  • ✦Can switch between Paramount+ and Peacock via Walmart Plus every 90 days
  • ✦Entertainment credit must be enrolled manually in the Amex benefits portal before it activates

🚀 How to Maximize Value

01Step 1

Enroll in the entertainment credit first

Pro TipLog into your American Express account, go to Benefits, and activate the entertainment credit before subscribing to anything — it is not automatic

02Step 2

Activate Walmart Plus and claim a free streaming service

Pro TipUse the included Walmart Plus membership to get either Paramount+ Essentials or Peacock Premium at no extra cost — this does not touch your $25 monthly credit

03Step 3

Bundle streaming services to reach as close to $25 as possible without going significantly over

Pro TipBest bundles: Disney Triple Play (Disney+, Hulu, HBO Max with ads) at $19.99; or Peacock+Apple TV bundle at $14.99 plus YouTube Premium Lite at $7.99

04Step 4

Subscribe directly through the service provider only

Pro TipAvoid signing up through Apple Store, Google Play, Roku, or any third-party platform — only direct billing from the service qualifies for the credit

05Step 5

Always select monthly billing, never annual

Pro TipThe credit is $25 per month; choosing an annual plan means you receive only one $25 credit against the full annual charge

⚡ Pro Tips

  • ✓Peacock offers a bundle that includes Apple TV+ for $14.99/month; since the charge posts as Peacock (an approved partner), Amex reimburses it — effectively a back-door way to get Apple TV+ covered even though Apple TV+ is not a direct Amex partner
  • ✓The New York Times frequently runs promotions at ~$4/month for the first several months, making it a cheap way to use up the remaining ~$5 credit after the $19.99 Disney Triple Play
  • ✓YouTube Premium Family Plan at $22.99/month can include up to five additional household members; splitting costs via Venmo can reduce your net out-of-pocket cost further
  • ✓You can alternate between Paramount+ and Peacock through Walmart Plus every 90 days, giving you flexibility to rotate services seasonally without paying extra

Annual Value Breakdown

Estimated based on typical spending patterns. Your mileage may vary.

$456Total Value
-$895Annual Fee
$-439Net Value
-49%ROI
Monthly entertainment credit ($25 × 12)300
Walmart Plus membership ($12.95 × 12)156

Max Miles Points reviews the American Express Platinum Card from American Express, breaking down whether the $895 annual fee is worth it based on real spending math and insider strategies.

By enrolling in the credit, claiming the Walmart Plus streaming perk, and stacking bundled services strategically, cardholders can realistically get four to five streaming platforms for little to no out-of-pocket cost each month, making the $300 annual entertainment credit straightforward to fully redeem.

Last updated: 2026-06-02