AmEx Offers: Peacock Streaming, Spend $4.99 & Get $4.99 Statement Credit (3 Months Free Premium + $5 Moneymaker)

Update 2/1/22: Reader Dan notes that you can sign up through a shopping portal and get $5, making it a money maker.

The Offer

Check your AmEx Offers for the following deal:

  • Get $4.99 back as a one-time monthly statement credit, for up to 3 months, by using your enrolled Card to spend $4.99+ in one or more eligible US transactions in any 1 month during the offer period. Valid online at peacocktv.com. Your ability to redeem will reset on a monthly basis until 3/31/21.

The Fine Print

  • Offer valid online only via peacocktv.com.
  • In order to qualify, you must subscribe to Peacock online at peacocktv.com and pay Peacock directly with your eligible Card. If you do not already have a Peacock account, in order for your transaction to be eligible, you must visit peacocktv.com and create a Peacock account, select the “Peacock Premium” plan and enter your eligible American Express Card payment information.
  • Excludes subscriptions bundled with cable services and bundles and promotional offers through third parties.
  • Once you add the offer to your eligible Card, you must spend a minimum of $4.99 in one or more eligible US transactions by the last day of each calendar month to be considered eligible for a one-time statement credit. You may receive the one-time statement credit, up to 3 times (for up to 3 months of monthly minimum spend total) during the offer period. Your ability to redeem will reset on the first day of each calendar month and end on the last day of the same calendar month until 3/31/2021. Limit of 1 statement credit per Card Member per monthly spend and 3 statement credits per Card Member per offer period (total of $14.97). An “eligible transaction” means one or more US purchases made in a calendar month with your enrolled Card on or before 3/31/2021 totaling at least $4.99 each.

Our Verdict

Peacock premium is $4.99/mo, so this deal gets you 3 free months. Or it gets you half off the $9.99 for Premium Plus which is ad free. Be sure to cancel after 3 months if you don’t want to continue. I don’t know much about Peacock, feel free to share your thoughts in the comments below.

Hat tip to Creative_Accounting

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ben #2
ben #2

Has anyone cancelled and offered a free month?
I signed up mid month and want to cancel for roughly 10 days to extend my end date to late may vs the middle of may. I still have 1 month of credit.

Vic
Vic

How is this $5 Moneymaker though?

Celia
Celia

Go through a portal?

From the post: Reader Dan notes that you can sign up through a shopping portal and get $5, making it a money maker.

Vic
Vic

Was that “portal” line present in this article from beginning? iirc, that wasn’t there when I commented. No way I missed first line of the post.

William Charles

By going through a portal.

Luce
Luce

Good for watching the winter Olympics.

Matt
Matt

And the Super Bowl

Slickdealer
Slickdealer

Does this stack with the free Peacock we already get from Amex Plat?

LAG
LAG

I know it’s the last month, but I just figured this out so thought I’d share for anyone using the service with multiple accounts; you can setup the plus option (ad-free) for $5.00/month to trigger the 2nd account credit if you switch cards in between billing periods.

Noted the 7 day free trial so I missed out on the February credit, but my charge for it just went through on account #2 and I got the email confirming using the offer, so I switched back to my other account card so the regular monthly charge will post later this month for the 2nd credit… not the best offer, but happy to at least try a month ad-free before I cancel it.

Jack
Jack

Got notification, charge posted on 1/31, statement closed 2/7, no credit.

Cancelling the service before the next charge. The service is not worth arguing with Amex over the credit.

Nate
Nate

Just curious but
Since Rakuten is offering $6 cash back, could it be possible to get that Rakuten credit 3x for a total of $18 cash back given the amex offer is a monthly spend offer for three months ?

Jack
Jack

No, the Rakuten offer is for new subscriptions only so once you get it the first time, that’s it.

Nate
Nate

I tried it out because I was curious since there wasn’t any terms or conditions

First Purchase
Purchased on 1/28 (*Downgraded to free plan after my purchase/trial )
Rakuten Tracked and Credited $6 on 1/28
Amex Credited on 2/15

Second Purchase
Purchased on 3/4 (*Upgraded from free plan for $4.99)
Rakuten Tracked and Credited $6 on 3/5
Amex Credited on 3/6

A little late, but it seems like you can stack this deal on Rakuten for a total of $18.

Rich
Rich

What card is everyone seeing it on? I have Amex Gold, Platinum, and Everyday. I might have missed it when scrolling through all the offers. I’m not seeing it.

Kevbo Sampson
Kevbo Sampson

I saw it on my Blue Cash Preferred

Oski
Oski

Did anyone get a notification that they used their Amex Offer for this? Mine charged as “PEACOCK*X5640 PREMPLNEW YORK CITY NY”.

PY
PY

Nope, charged the 24th as PEACOCK*AEDD6 PREMIUNEW YORK CITY NY. Usually Amex Offers credit within a day for me.

dvo
dvo

same here. no email notification. going to wait till statement closes and see if credit posts by then.

Mike
Mike

Charged as “PEACOCK*FA820 PREMIUNEW YORK CITY NY” on 02/26.
No notification or credit.
Subscribed through Rakuten.
Suspect that the reason it wouldn’t qualify…
(as per terms: “Excludes…promotional offers through third parties”)

Mike
Mike

Credit posted 02/02.

Celia
Celia

Received notification from Amex: “Way to go, NAME! You just redeemed your Amex Offer for Peacock” yesterday, the same day I was charged at Peacock after the free trial ended. Pending charge just has PEACOCK TV, 4.99.

Ross
Ross

I got the free premium version with the xfinity flex box which I added to my account, set it up through the flex box, and then immediately put it back in the box and shipped it back. I’ve since cancelled my xfinity account since I moved into a friends place. I still have the premium version for free so I guess xfinity never checks. My family likes peacock so I pay the extra $5 for the no ads version so nice to know my gold card had this offer so free peacock no ads for a few months!