Quantcast
Channel: Thrifty Traveler
Viewing all articles
Browse latest Browse all 733

Tricks to Use (& Not Lose) Your Amex Statement Credits

$
0
0

A growing number of American Express travel cards have become glorified giant coupon books, with a laundry list of sponsored, third-party statement credits – all of which disappear if you don't use them.

From monthly Uber Cash to semi-annual Saks Fifth Avenue and Dell credits, there's a lot to keep straight. And if you've got more than one Amex card in your wallet … well, good luck. Thankfully, we've got a few tips and tricks to help you get the most out of these credits.

From buying gift cards to stacking coupon codes and even leveraging them for elite status, there are a few sneaky ways to use these credits and beat Amex at its own game. The bank isn't afraid to tout the value these credits can bring cardholders, so why not take full advantage?

Related reading: Amex Card Credits and Benefits are Out of Control

 

 

Workarounds to Book Flights with Amex Platinum Airline Credits

The godfather of Amex statement credits is the up to $200 per year you get to cover airline fees, now available only on the bank's top-of-the-line *amex platinum*.

Only certain purchases on select U.S. airlines qualify and you have to pick just one airline each year … though, in the past, it's been possible to change your airline mid-way through the year by chatting with Amex.

Just log in to your American Express account and head for the “benefits” tab to select your preferred airline. American Express has a handy meter which tracks how much of your Amex airline credits you've used.

 

amex airline credit tracker

 

This credit is designed mostly to cover ancillary fees like baggage and seat assignment, but savvy travelers have found workarounds to cover the cost of airfare. Over the years, that has gotten harder and harder. 

But there are still some crafty ways to squeeze value out of this credit – including for booking flights. Some tricks are airline specific, while others like paying the taxes and fees on award tickets or buying a day pass to the lounge will work no matter the airline you choose. 

Here are a few of our favorites.

 

Delta Air Lines

While it used to be possible to buy Delta gift cards online to trigger this credit, that trick is long gone. But that doesn't mean all is lost.

Thousands of travelers are sitting on Delta eCredits and travel vouchers after canceling trips – or taking advantage of a price drop to rebook for a credit. You can pair that eCredit with your Amex Platinum card's airline fee credit for some free(ish) airfare. 

After applying an eCredit to a new flight, simply charge the remainder to an Amex Platinum and voila – up to $200 in credits should kick in automatically.

 

amex airline credits delta

 

Our testing suggests that the final charge to your Amex Platinum (after using an eCredit) should be under $250 for this method to work. So if your ticket is $350, you'd need to apply at least $100 in eCredit to knock the price down. A few days later, the credit should kick in.

This same trick should work when using Delta's Pay with Miles feature. If you've also got a co-branded Delta SkyMiles card in your wallet, you can use SkyMiles to offset the cash cost of a ticket at 1 cent per SkyMile. Again, you'll need to keep the charge to your Amex Platinum below $250 but if you can apply 5,000 SkyMiles to a ticket of $300 (or less) your airline fee credit should kick in to cover the rest.

As always with all these workarounds, your mileage may vary: There's no guarantee this one will work forever. But for now, it's still going strong.

 

Southwest Airlines

One airline makes it easier than any other, with a big catch: Buying airfare straight from Southwest will trigger your credit … so long as the charge is under $100.

Finding airfare that cheap can be tricky. In most cases, will require buying one-way flights separately rather than a roundtrip fare.

 

southwest flight amex airline credits

 

Still, it's a pretty straight-forward way to use up these credits for flights on Southwest. Once again, be sure to pick the right airline by logging into your American Express before you check out.

 

United Airlines

This might be the easiest method of all.

United Airlines has a novel program called TravelBank, which allows you to park cash in an account to use on future United flights. Best of all, any money you put in your TravelBank account won't expire for five years – unless if you go 18 months with no account activity.

Still, this is an easy way to put your airline credits toward airfare. Just select United as your preferred airline, then use your Amex card to load your TravelBank funds. You can purchase in six increments: $50, $100, $250, $500, $750, and $1,000.

 

using amex airline credits

 

This is a bit of an on-again, off-again workaround. To be sure it's still working, we recommend making a smaller purchase fist to see if you get reimbursed. If it goes through as planned, you can then use up of the remainder of your credit with another purchase. 

 

United TravelBank reimbursement

 

Earlier this spring, it was taking three to five days for credits to post but if you fly United, even occasionally, this is one of the easiest tricks of all. 

Read more: 9 Great Ways to Maximize Your Amex Airline Fee Credit

 

Uber Cash on Platinum & Gold Cards

American Express Platinum and Gold Cardholders get a monthly allotment of Uber Cash to use on Uber Rides and Uber Eats in the U.S. Just how much you get depends on which version of the card you carry.

Amex's $695 per year (see rates & fees) Platinum Card gets $15 per month in Uber Cash, with an extra $20 (for a total of $35) doled out in December. Meanwhile, the $325 annual fee (see rates & fees) *amex gold* gets a flat $10 of Uber Cash each and every month month.

This monthly Uber Cash is another use-it-or-lose-it benefit so even if you don't take an Uber every month, you should try to find some way to put it to use. Enter Uber Eats.  

 

uber american express benefits

 

Let's be clear: This isn't a groundbreaking “trick.” But it might not be immediately obvious to some Amex cardholders that Uber Cash can be used for more than just rides.

While Uber Eats often shows higher prices than what you'll see at the restaurant, you can level the playing field by keeping an eye on your email inbox for an Uber Eats promo code. Or shop around a bit to find an Uber Eats restaurant with prices closer to what you'll see in store. And if you're looking to avoid those pesky delivery fees, you can always pick-up your order instead of having it delivered. 

 

Resy Credits on the Amex Gold & Delta Cards

American Express has been on a roll this year, updating many top travel cards like the Delta SkyMiles co-branded portfolio and most recently, the popular Amex Gold Card, with higher fees and new statement credits. New credits that will cover certain restaurants have become a fixture.

Amex introduced a new statement credit for purchases at U.S. Resy participating restaurants on several cards. This partnership isn't entirely shocking: American Express acquired Resy back in 2019 and has been slowly integrating the platform into its cards and services ever since.

With the *delta skymiles platinum card*, you now have up to $120 in statement credits (up to $10 per month), for purchases at U.S. restaurants available through Resy, while the top-tier *delta reserve card*, gets up to $240 in statement credits (up to $20 per month). The non-Delta Amex Gold, meanwhile, gets up to $100 in statement credits. Fortunately, that's broken up into easier-to-use, twice-a-year chunks of $50 each.

Read our full breakdown of how to use these new Resy credits

 

resy app on phone

 

The problem with these new credits, at least on the Delta SkyMiles Cards, is that Resy restaurants skew higher-end … and $10 or $20 per month doesn't go very far. The trick here is that you can purchase smaller denomination gift cards at many of these restaurants and save up a few months worth for a (sort of) free meal.

This will be hit-or-miss, as not all Resy restaurants sell gift cards – and with some, you'll physically have to go into the restaurant instead of buying them online. Still, so long as you're buying the gift card directly from the restaurant (not a third-party) it should trigger your monthly or semi-annual credit. 

Just be sure to enroll in this benefit beforehand and double-check to make sure your favorite restaurant shows up on Resy's website or mobile app.

 

Dining Credits on Your Amex Gold & Bonvoy Brilliant

Dining credits are a big perk with many Amex cards, but most come in drips and drabs each month that make them harder to use. Thankfully, there are some tricks that can help you maximize these credits without too much effort.

Let's start with one of Amex's newest credits: the up to $84 per year (or a maximum of $7 per month) that Amex Gold Cardholders now get at coffee chain, Dunkin'.

 

Amex Gold Dunkin Credit

 

I probably don't need to tell you this, but $7 doesn't go very far even for coffee these days. If you want to save up your credits for a bigger order there's an easy way to do it: Simply load your Dunkin' account with $7 per month in the mobile app. When you do this, it won't expire at the end of the month

This is an especially good option for those without a Dunkin' close by. 

The Amex Gold also comes with up to $120 per year (up to $10 per month) in dining credit at participating partners: Five Guys, Grubhub, The Cheesecake Factory®, wine.com, and Goldbelly. While that list is fairly limited, the inclusion of Grubhub means you can use this credit at many more restaurants than are listed here. 

 

Amex Gold Dining Credit

 

Just like ordering Uber Eats, you may need to shop around a bit to find a restaurant with reasonable pricing. But so long as you opt for pickup instead of delivery, you can usually get pretty decent value out of this credit when ordering lunch or dinner through Grubhub. And if you've also got Amazon Prime, you can get Grubhub+ for free, which eliminates most delivery fees and often yields other discounts as well. 

Similarly, the *biz gold* comes with an up to $240 per year (up to $20 per month) flexible business credit that can be used at Grubhub, FedEx, and office supply stores. All the same strategies listed above can be used to save on Grubhub orders with your Amex Business Gold. But there's also another option: Buying third-party gift cards at an office supply store. You might be surprised to know that stores like Office Depot and Staples sell lots of different gift cards. 

 

Staples online gift cards

 

Finally, the *bonvoy brilliant* comes with up to $300 per year (up to $25 per month) in dining credit. Unlike most Amex credits that require jumping through a bunch of hoops to use, this one's quite simple. All you need to do is make a purchase with your card that codes as dining and you'll automatically receive a statement credit for up to $25. But since the Bonvoy Brilliant isn't a card you typically want to use for day-to-day purchases, remembering to use this monthly credit might be harder than you think.

The trick to ensuring you use this credit is to set up an automatic reload with your favorite dining app. Not all will allow you to schedule reloads for a specific date but some, like the Starbucks app, will allow you pick a recurring date and dollar amount to make this a completely hands-off process. 

 

Delta's New Rideshare Credit

The *delta skymiles platinum card* and the *delta reserve card* now come with an annual rideshare credit: With either card, you get up to $120 in statement credits (doled out in $10 monthly installments) a year when you use your card to pay for a ride with Uber, Lyft, Curb, Revel, or Alto. 

Unlike the monthly Uber Cash that you get with the Amex Platinum and Gold Cards, this credit can't be used for Uber Eats … at least not officially – more on that in a second. 

If you typically use one of these rideshare apps on a monthly basis, using this credit should be cinch – even a short ride costs $10 or more these days. But for those that don't use these rideshare services on a regular basis, you need to get creative. 

 

Delta rideshare credit enrolled

 

Here's the trick: Purchasing Lyft Cash will also trigger the rideshare credit. There's a catch: You can only purchase Lyft Cash in amounts of either $25, $50, or $100.

If you go this route, you'll be loaning Lyft $15 of your own money each month until it comes time to use your Lyft Cash. That's not the end of the world if you use Lyft every few months … but it's certainly not a sound strategy if it's only once or twice per year.

Until recently, it didn't seem like there was any way to use this monthly credit for Uber Eats … but it appears that might not be the case. By setting up an Uber Family account and using your Delta Platinum or Reserve Card as the “family payment method,” others can charge Uber Eats orders to your card and it will code as a “shared family” purchase and trigger the rideshare credit.

We haven't yet tested this one for ourselves and, as with a lot of these workarounds, this might not work for everyone – or even every time. But for now, there are enough data points out there that suggest it's possible. 

Read more: How to Use the Rideshare Credit on Delta Platinum & Reserve Cards

 

Delta Stays Credit on Delta Credit Cards

Depending on which SkyMiles credit card you carry, you've now got up to $250 in credits to use with Delta Stays each year. Delta Stays is similar to other online travel agencies (OTAs) in that you can easily search for hotel and vacation rentals in thousands of cities worldwide. 

How much you'll get depends on which card you have:

If you've got the business version of any of these cards (yes, you can have both), you'll get an extra $50 on top of that. 

To take advantage of your credit, head to the dedicated Delta Stays website to begin your search. Doing a little price-matching to ensure you're getting a fair deal is the only trick needed so far. 

But here's where it gets interesting: For a limited time, booking hotels or vacation rentals will add to your balance of Medallion Qualifying Dollars (MQDs). This means you can use up your Delta Stays Credit and have it count towards Delta Medallion status! 

 

delta mqd promo

 

Each $1 you spend on lodging or a rental car gets you 1 MQD. You just have to book through Delta Stays by Sept. 30 and complete your stay (or rental) by Oct. 31. Admittedly, that timeline is pretty limited – but we've seen Delta run this promotion two or three times already this year so it could very well make a comeback for stays later in the year or next, too. 

Related reading: How to Use the Delta Stays Credit on Your SkyMiles Card

 

Bottom Line

If you've got an American Express credit card in your wallet, odds are it includes some sort of “money-saving” statement credit that helps justify the card's annual fee. There's just one problem: Actually using some of these credits can be a frustrating, even fruitless, process. 

Thankfully, with our list of tips, tricks, and workarounds you can get more value out of these credits and stop letting them go to waste month-after-month.

 


Viewing all articles
Browse latest Browse all 733

Trending Articles