Doctor of Credit is reporting on a new rumor regarding the already-rumored changes expected to launch on the Amex Platinum cards in a few weeks. According to a rumor that has floated at US Card Forum, the Platinum card (perhaps just the consumer version) will be adding credits for Resy and Lululemon purchases.
It has already been rumored that the annual fee on both the consumer and business versions of the Platinum card will increase to $895 around September 18, 2025. Previous rumors indicate that both cards will introduce up to $600 per year in statement credits for prepaid Fine Hotels & Resorts stays (and presumably The Hotel Collection stays as well), reportedly $300 two times per year (one credit between January and June and one between July and December).
The new rumor being reported is that there will also be a quarterly credit of up to $75 for purchases at Lululemon (up to $300 total per year) and some sort of credit for up to $400 per year for Resy purchases. I’ve seen some speculation that these credits may replace Saks Fifth Ave and Equinox, though that is entirely speculation at this point.
For clarity, these Lululemon and Resy credits are just rumors at this point. It is hard to guage whether these will come to fruition, though neither seems terribly far-fetched since Saks has been in rough financial shape and Amex owns Resy and has already been incentivizing use of the platform on the Gold card.
While I’ve never spent a dime on Lululemon, I’m sure we would put that to use (whether for gifts or for ourselves). I am hoping that the Resy credit will be $200 twice-annually and not a monthly credit. I would find a monthly credit really annoying as it would necessitate remembering to use yet another monthly benefit (and going out of my way to do so), but a $200 semi-annual credit would be great as we would easily use that in one shot twice a year.
We’ll see how things pan out, but those credits might make a difference in my calculations about which ultra-premium cards to keep. If the Platinum card keeps the airline incidental credit, adds the expected Fine Hotels & Resorts credits, and adds these credits, the math might just add up to move it into keeper territory in my latest analysis.
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If I tell my wife I have a $75 Lululemon credit and, when trying to use it, she finds $500 of clothes to buy, does that offset or add to the effective annual fee?
The image looks a bit AI doctored to me, and I don’t understand the reason why some of the text is marked out.
Rumor mill is alive and well.
That screenshot is reportedly an AI reconstruction of the actual screenshot based on bits of text that were showing around the edge of the blackout. I found a video on it by a YouTuber named Ben Hedges
Would be a bit of a wash for me. I do like the Saks credits, but I’m running out of more premium things I want to buy. I don’t use Equinox. Not interested in lululemon, but the Resy credit is possible to use… if annoying because there are limited Resy locations near me. Still, if the full rumor was true it would be probably a slight win overall for us if only because of the large total amount of Resy credit. Can often stack it using restaurant gift cards which make it more usable.
Resy gift card? Tell me more?
Resy does gold and plat pile up and got 175k week ago from a link on ddg although resy might be 100 per quarter
So few Resy choices for me now – I struggle to use the Gold benefit now so adding more to the Platinum at 1% is a huge loss and likely wouldn’t get used. Lululemon is slightly more interesting.
Nick in black Spandex . . . hmmm.
These would be great credits for me, particularly the Resy credit. We don’t live in a major urban area, but our favorite date night restaurant is on Resy and is a splurge. Here’s hoping it’s bi-annual or at least quarterly.
weekly. Thurs/Friday only
Daily. $1.10 per day Resy credit. $1.09 on leap years.
Resy and Lululemon credit would work great for me personally, but I agree that I really hope the Resy credit is not monthly. Even quarterly would be fine for me (but I agree semi-annual would be better), but monthly would be a bit much.
I imagine they’d follow the AmEx Gold pattern and do biannual credits but ♂️
Yahoo! Quarterly credits or semi-annual credits would be sweet. I struggle to use the Saks and Equinox credits, but I get it done. These two vendors are right in my wheel-house.
I wonder how some of these credit have worked out for the vendors. I know that the only thing I have learned from the Saks credit is that I never want to do business with Saks again after I no longer have the credit. Not only do they charge high prices and high rates for shipping, but I recently had an order from them lost by UPS and Saks won’t send out a replacement. I can get a refund and then I have to reorder, which is a pain because the item I bought had a 25% off coupon that is no longer available. And in some cases this could result in lose of the $50 credit. So instead of turning me into a long term customer Saks has merely convinced me that Amazon has better customer service. Similarly, a lot of us use the Equinox credit for the Equinox+ app, only to quickly learn that it isn’t remotely worth $300 per year. No doubt both of these credits are worth a lot more to others, but I just wonder if the economics really work out in the end for Saks and Equinox.
I can use the Saks credit, but Lulu would definitely be better, even quarterly versus semi-annually, b/c shopping portals tend to pay bigger for Lulu.
Can I ask what you bought from Saks in the past year other than gift cards? Their inventory seems to shrink every quarter.
The best thing I’ve bought with my credit was a Staub Cocotte for $99 back when they had free shipping on $49+. But I agree it’s harder than ever to use this credit. It’s been a net loss for me factoring in all the time I’ve wasted looking for ways to use the credit.
I’ve had the most luck looking under Home. I used to see Thule clean/dirty packing cubes and bought several of those. Recently I’ve been seeing sales on Zwilling Henckels knives and skillets, some cheap enough to be almost free or very cheap with the $50 off. Unfortunately I still have to wade through piles of overpriced junk to eek out a marginal benefit. And Saks is not the greatest company to deal with if something happens with the order.
I buy $50 gift cards until I have a couple of them and then purchase something.
Best one for me has been premium kitchen knives, especially stacking with Black Friday sales. Compared to Ebay, it’s only a small win. Compared to Amazon or another retailer it looks much better.
I should have said excluding gift cards. I do that when traveling but Saks is hike where I live.
I’ve recently bought knives, an end of season premium sweater, but in the past I could find other regulars that are now gone like Kiel’s. I know Saks is having trouble but I feel they’re tanking the way inventory disappears and never comes back. I keep a wish list to watch for sales and those items too just disappear
Here’s my issue–credits in combination are more useful than credits individually, which affects what to keep and what to close. For example, $10 of Uber Eats credit on Gold would never be used by me. However, combine that with $15 of Uber Eats credit on Plat and $25 restaurant credit on Brilliant that I could use on the same transaction, and now I’ve got $50 to spend (and pick up instead of deliver, which saves more money). Another example–Resy. A $10 credit on Delta Plat each month would never be used, but combine that with $20 on Delta Reserve, and now I have $30 that will cover half a lunch for two every month (or a nice dinner if combined with $50 from Gold every six months). So, a new Resy credit, depending on how it is parceled out, could actually be quite effective if I could pare it with other cards.
I agree with your take. There was a reported rumor around a year ago that the Uber credits might become unstackable. Seems like it hasn’t happened yet, but that would change the game for me.
Thanks for reminding me to use my $25 restaurant credit in the Bonvoy card!
$400 coupon at 1X earn, ouch…this will be a pain to juggle with the Gold Resy credit. Hoping it’s semiannual and not something insane like $20 per month except $80 in December.
Also really hope they keep the Airline and Uber credits…
Perhaps Amex has learned from the CSR debacle and is selectively leaking options to see what will draw jeers and and what will draw cheers before the final decision. These new options aren’t great for me (no Resy options where I live and never bought from Lulu) but I could find a way to use them so these changes would work. Although as Nick says, Resy monthly credits would be awful (hear that, Amex?!?)
weekly baby!
Hopefully the new fee doesn’t take effect on Sept. 18, as rumored. My renewal date is the 20th!
Seems, since there hasn’t been an announcement yet, that changing the fee in September would be way to quick from any announcement.