(Update: Audible Removed) American Express Platinum $240 Digital Credit Explained

(Update  9/3/23: Audible is getting removed from October 2, 2023 and beyond. They added Wall Street Journal instead.)

American Express has just launched a number of new benefits for Platinum cardholders. In this post we will explain the new $240 digital credit. This credit allows cardholders to get up to $20 in statement credits per month when they make purchases with participating partners. You need to enroll in this benefit first (enrollment link here). The participating partners are as follows:

  • Peacock
  • Audible  (removed from October 2, 2023, and beyond)
  • SiriusXM
  • The New York Times
  • Hulu
  • Disney+
  • Disney+ bundle (with Hulu and ESPN+)
  • ESPN+
  • Wall Street Journal (added in August 2023)

You need to allow 6-8 weeks for the credits to post, but it will likely credit much quicker than that.


The credit can be used on all Peacock subscriptions (Peacock Premium & Premium Plus). Gift card purchases are specifically excluded.

  • Peacock Premium is $4.95 per month
  • Peacock Premium Plus is $9.95 per month


Credit can be used on all Audible subscriptions (Audible Plus & Audible Premium Plus) as well as audiobook purchases. Audible has two membership tiers:

  • Plus: $7.95
  • Premium Plus: $14.95

More information about Audible can be found here (our affiliate link).


All purchases made directly with SiriusXM online, telephone or direct mail purchases. It excludes SiriusXM safety, security or Telematics services (Connected Vehicle), SiriusXM for Business subscriptions, SiriusXM ad sales or Pandora. SiriusXM has three different membership tiers (plus a bunch of additional options):

  • Streaming: $10.99 per month
  • Car + streaming select: $16.99 per month
  • Car + streaming all access: $21.99 per month

New York Times

Unfortunately purchases from NYtimes store are excluded, as are gift card purchases. Subscriptions (digital, print, NYT Cooking, and New York Times Game) are all eligible. New York Times digital subscription is $4.25 per week (billed at $17 every four weeks).

Best Uses Of The Credit

The best use of this credit will obviously be if you’re already subscribed to any of these services or would like to subscribe to them. At the moment we don’t know if things like gift card purchases will work, although they are specifically exclude in the terms that doesn’t always mean it’s enforced (although with American Express who knows if they will do a claw back ten years from now).

I can’t see any interesting portal plays at the moment (looks like Mr Rebates has $5 on Peacock), but SiriusXM sometimes has deals where you can get free echo dots and or similar devices when signing up.

I think most people that just want to ‘set & forget’ this credit will end up doing a combination of Peacock and Audible. Obviously some will find SiriusXM and New York Times useful as well. Overall this credit as it currently stands is extremely disappointing, fingers crossed we can find some better uses of it.

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oldest most voted

dealbreezy (@guest_1696321)
September 18, 2023 01:59

I’m guessing WSJ Wine codes differently and wouldn’t trigger?

Smirky Cat
Smirky Cat (@guest_1689554)
September 9, 2023 11:40

Darn, I just noticed Peacock hiked its price from 5+4.99 ($9.99) to 6+5.99 ($11.99). Using these benefits is becoming tougher every day. Jordan was right!

Anna H.
Anna H. (@guest_1686183)
September 5, 2023 11:05

I’m considering joining the Coast Guard Reserve to waive the fee

slydog (@guest_1749764)
December 2, 2023 12:54

you need to be on active duty or active status for reserve.

Steve (@guest_1686055)
September 5, 2023 06:45

One garbage provider replaced with another garbage provider.

G (@guest_1685685)
September 4, 2023 15:33

Reminder that SiriusXM will give discounts if you call them, usually more than 50% off. No one needs to ever pay full price, thus freeing up the AMEX credit for other things too.

Gareth (@guest_1685325)
September 3, 2023 23:22

One of the worst card benefit in the history of credit card now gets worse.

nonozone (@guest_1685352)
September 4, 2023 01:01

That seems a bit harsh. Many of us are able to enjoy the digital credit on Hulu (Disney+/HBO Max), NYT and WSJ every month.

biz owner
biz owner (@guest_1685558)
September 4, 2023 11:36

NYT and WS articles are garbage nowadays. only xm radio for me

nonozone (@guest_1685819)
September 4, 2023 19:11

That’s your opinion, not fact 🙂

Lucas A
Lucas A (@guest_1685241)
September 3, 2023 18:37

Newspapers like NYT and WSJ raise their rates at least 5x after a 1 year promo period. I believe Sirius employs a similar strategy. This card subscription “benefit” is like a $50 wine.com gift card. Sounds like a huge value until you try to redeem it.

Andy (@guest_1685580)
September 4, 2023 12:16

I cancelled my NYT twice today nice a yearly promo was up, and both times they offered me 4 bucks a month. Will continue to do so, but I’m cancelling my plat for sure.

Eric (@guest_1685613)
September 4, 2023 13:29

My local library provide daily redeem code for NYT and it can be used for unlimited times.

Andy (@guest_1685660)
September 4, 2023 14:47


jesse (@guest_1685983)
September 5, 2023 02:17

Lots of public libraries offer free access to NYT.

Wayne (@guest_1685200)
September 3, 2023 16:57

$240 still helps offset the annual fee.

Gareth (@guest_1685324)
September 3, 2023 23:19

Not unless you spend on those stuff anyways.

TopGun (@guest_1685353)
September 4, 2023 01:03

Reading is a good habit, you know.

Kimo C.
Kimo C. (@guest_1685182)
September 3, 2023 16:32

I have the grandfathered Disney bundle $16 and Peacock $6 which puts me just over the $20 credit!! I’d just pay for Audible and WSJ separately but thats my best use

Wander (@guest_1685170)
September 3, 2023 16:07

WSJ is best used as the $9 option to bundle with all the media channels they have. Its a great deal.

Redacted (@guest_1703239)
September 27, 2023 01:52

What media channels? I see a bundle for $1.50/week that has Barrons & MarketWatch, but I wouldn’t exactly call those media channels?