New restaurant statement credits w/ new Platinum or Gold card accounts


There are new welcome offers available for new applicants on both the Amex Gold Card and Amex Platinum Card (the “vanilla” flavor) good for 20% back on restaurant purchases worldwide for the first 12 months (up to $250 back on the Gold card and up to $300 back on the Platinum card). These offers are in addition to Membership Rewards points that are part of the welcome offer. Either is a very good deal and among the best we’ve seen for either card.

Outdoor dining at The French Laundry – knock out your statement credit in one stop!

The Offers & Key Card Details

Card Offer and Details
American Express® Gold Card
60K Points + up to $250 back
60K after $4K spend in first 6 months plus 20% back as a statement credit on restaurant purchases worldwide for the first 12 months up to $250 back. Terms apply. (Rates & Fees)

$250 Annual Fee

FM Mini Review: This card offers an awesome return on US supermarket and worldwide dining spend, putting it at or near the top-of-class in both categories. Dining credits and Uber / Uber Eats credits go a long way towards reducing the sting of this card's annual fee.

Card Type: Amex Pay Over Time Card


Earning rate: 3X points for flights booked with airlines or on ⚬ 4x points at US Supermarkets (up to $25K in purchases, then 1x) ⚬ 4x at restaurants worldwide ⚬ 1X points on other purchases. Terms apply. (Rates & Fees)

Noteworthy perks: Up to $10 in statement credits monthly with participating dining partners (, Shake Shack, Seamless/Grubhub, Cheesecake Factory and Ruth’s Chris Steakhouse) ⚬ $10 monthly Uber or Uber Eats credit (use it or lose it each month) ⚬ Complimentary Uber Eats Pass Membership for up to 12 months (must enroll by 12/31/21) ⚬ $100 hotel credit on qualifying charges on stays of 2 nights or longer, plus a room upgrade upon arrival, if available with The Hotel Collection at ⚬ Enrollment required for select benefits.

Card Offer and Details
The Platinum Card® from American Express
100K points + 10x US Gas Stations and US Supermarkets
100K after $5K spend in first 6 months plus 10x on eligible purchases at US gas stations and US supermarkets on up to $15K in purchases in the first 6 months. Terms apply. (Rates & Fees)

$550 Annual Fee

FM Mini Review: This card is absolutely loaded with high end perks. Depending upon your situation, those perks may be worth the annual fee or much more.

Card Type: Amex Pay Over Time Card


Earning rate: 5X points for flights booked directly with airlines or with American Express Travel ⚬ 5X points for prepaid hotels booked through American Express Travel

Noteworthy perks: ⚬ $200 Airline Fee Credit. Up to $200 a year in baggage fees and more at one qualifying airline ⚬ Up to $200 for Uber rides annually. Credit and Uber VIP status for Basic Member only ⚬ Complimentary Uber Eats Pass Membership for up to 12 months (must enroll by 12/31/21) ⚬ Up to $100 in credits annually for purchases at Saks Fifth Avenue (up to $50 in credits semi-annually, enrollment required) ⚬ $100 Global Entry fee reimbursement ⚬ Airport lounge benefits ⚬ Rental car elite status ⚬ Marriott Gold status ⚬ Hilton HHonors Gold status ⚬ Free Gold card AUs. Terms Apply. (Rates & Fees)

See also: Amex Platinum Guide

Quick Thoughts

These offers are both very strong. We previously had a referral offer listed for the Gold Card that provided 40,000 points after meeting spending requirements, but the new offer adds up to $250 in statement credits and maintains 35,000 bonus points. Assuming you can max out the restaurant spend (which would be $1,250 over the course of a year), this offer is clearly better (especially considering the fact that the Gold card already earns one of the best category bonuses at restaurants, so there likely isn’t any opportunity cost). The best offer we have seen on the Gold card in recent memory is for 50K points, so this offer is still on par depending on how you value the points.

The Platinum card offer is particularly interesting because of the timing. Through the end of this year, the Platinum card is offering limited-time streaming and wireless phone credits, which offer the chance for extra credits worth up to $200 if you were to be approved in August 2020 ($20 per month streaming and $20 per month wireless service through the end of 2020). This means that if you were approved for a new Platinum card in August 2020 and you put credits to use right away, in the first year you could potentially earn all of the following bonuses and statement credits:

  • 60K Membership Rewards points (after spending $5K in the first 6 months)
  • Up to $300 in statement credits from restaurants (max is $300 on $1500 spend)
  • Up to $200 in airline incidentals in 2020 + $200 in airline incidentals in 2021 before anniversary
  • Up to $100 in streaming credits
  • Up to $100 in wireless credits
  • $100 in Dell credit (Assuming this deal is available on new cards. I expect it is.)
  • Up to $200 in Uber credits
  • $50 in statement credits on purchases at Saks in 2020 + $50 from January-June 2021 + $50 starting from July 1, 2021

Within the first year, that’s up to $1,350 in statement credits and 60,000 points. Granted, I wouldn’t value those statement credits at full cash value (particularly the Saks and Uber credits in my case), but even if you only get 50% of the value out of the various statement credits that is still a very good offer.

Historically, some users have been targeted for a welcome offer of 100K points (or perhaps even 125K points) on that card, but it’s hit or miss as to whether or not you’ll ever get targeted (see this post for details). Given that welcome bonuses are once-per-lifetime on Amex cards, is it worth waiting around to see if such an offer ever materializes?

A more relevant example for many people is the more common targeted offer of 75K points that I’ve seen a few times when using a new computer or installing a new browser. If you could get targeted for that offer right now (and thus would have access to all of the statement credits above apart from the restaurants offer), would you rather have the extra 15K points or $300 in statement credits for restaurant purchases? The answer there will be more personal. While our Reasonable Redemption Values peg the value of those additional 15K points at $232.50, it is certainly possible to get much more value out of them depending on your redemption patterns. There is also the opportunity cost to consider of spending $1500 at restaurants on the Platinum card at 1x — you’re giving up the opportunity to earn an additional 3x Membership Rewards on that spend (4500 points) if you have a Gold card, which puts the value closer to even. Again, it’ll be a personal decision.

Overall, I find these offers to be interesting. They certainly capture a major spending category given that travel is at a low in the current environment. If you’re in the market for one of these cards, these offers are definitely worth considering.

H/T: Miles to Memories

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