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Amex Platinum cardmembers get up to $300 in Equinox credit every year — here’s how to use the benefit, even if you’re staying home

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American Express recently refreshed The Platinum Card® from American Express with several new benefits in the form of statement credits focused on travel and lifestyle. One of the new lifestyle credits is up to $300 in statement credits per year on Equinox memberships, including in-person gyms or their Equinox+ mobile app. 

However, the credits are distributed as up to $25 monthly, which doesn’t cover any single Equinox offering. Because of this, they’re mostly useful if you have an Equinox location near where you live or work, or you want to give the app a try. 

Read more: The Amex Platinum increased its annual fee to $695 — are the new benefits worth it?

This is a nice addition for folks who’ll be able to use it, but for everyone else, these credits won’t add any real tangible value to an already expensive card. For those folks, the card’s other benefits will have to be worthwhile to make Platinum Card card a keeper. 

How to use the Amex Platinum Equinox credit

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100,000 Membership Rewards points after you spend $6,000 in your first 6 months of card membership, plus 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of card membership

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  • Pros
    • Long list of travel benefits, including airport lounge access and complimentary elite status with Hilton and Marriott (enrollment required)
    • Annual statement credits with Saks and Uber
    Cons
    • Bonus categories leave something to be desired
    • One of the highest annual fees among premium travel cards
    • Earn 100,000 Membership Rewards® Points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
    • Plus, earn 10x points on eligible purchases on the Card at restaurants worldwide and when you Shop Small in the U.S., on up to $25,000 in combined purchases, during your first 6 months of Card Membership.
    • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year.
    • Earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel.
    • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings with American Express Travel when you pay with your Platinum Card®.
    • $240 Digital Entertainment Credit: Get up to $20 in statement credits each month when you pay for eligible purchases with the Platinum Card® at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.
    • New! American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.
    • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one qualifying airline.
    • $200 Uber Cash: Enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status available to Basic Card Member only.
    • $300 Equinox Credit: Get up to $25 back each month on select Equinox memberships. Enrollment required.
    • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership.
    • $695 Annual Fee.
    • Terms Apply.


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    To receive up to $25 in monthly Equinox statement credits, you must first enroll for the benefit through the American Express website. All this entails is navigating to the Benefits and clicking “Enroll” on the Equinox section of the webpage.

    From there, you’ll be directed to an Equinox-hosted website where you’ll enter your Platinum Card number to verify you’re eligible for the benefit. 

    Read more: Activate your new American Express Platinum card benefits so you can get hundreds of dollars in perks

    From there, you can enroll in an Equinox in-person membership or for the “digital experience,” which is classes and activities through the Equinox+ app that you can use anywhere — even at home. Once you’re signed up and set your Platinum Card as your payment method, you’ll receive a $25 credit each month the membership fee is charged to your card account. 

    Authorized users can access this benefit, but you can only get $25 per month credited back across all your card accounts. Amex says it could take two to four weeks to receive the credit, but it’s usually much faster. 

    How to maximize the Amex Platinum Equinox credit

    By using this benefit at all, you’ll be maximizing it because every Equinox service exceeds $25 per month. Equinox doesn’t advertise their in-club prices, which are usually at least a couple of hundred dollars a month, and vary by location, level of service, and market location. 

    The credit is valid toward Equinox All Access, Destination, E by Equinox, or Equinox+ membership fees. Equinox All Access gets you access to multiple Equinox gyms, which is helpful if you have a location at home and want to visit other US locations while you’re on the road. Destination is a similar concept, but includes international locations. 

    Read more: The Amex Platinum has a long list of benefits, but 6 of them are especially easy to maximize

    E by Equinox is a handful of clubs with upgraded amenities like personal training sessions, signature classes, and upgraded service, as well as access to all other Equinox club locations. You need this specific membership to access E Clubs as the other membership levels won’t get you access.  Keep in mind, some Equinox memberships require a 12-month commitment and often involve initiation fees.   

    If you opt for the Equinox+ app, it costs $39.99 per month as a baseline, with the option to add many extras. On its own, the app offers the biggest discount compared to the $25 monthly credit amount. 

    That said, if you use the credit you’ll cumulatively save $300 throughout the year, which puts a big dent in the Platinum Card‘s $695 annual fee (See Rates) and goes a long way toward making the card worth keeping long-term. However, because these credits are so brand-specific and Equinox only has a presence in major cities, some folks might not find this benefit useful at all. 

    Other valuable Amex Platinum credits

    In addition to the Equinox membership credit, the Amex Platinum Card also comes with other credits you can use along or travels or closer to home, including: 

    For more details, check out our complete Amex Platinum review, and find out ways to use American Express Membership Rewards points toward travel. 

    Bottom line

    Amex has added up to $25 per month as statement credits toward Equinox in-person or digital memberships. It’s a potentially valuable benefit for people who are already members (or interested in joining), but a missed opportunity for everyone else.

    If you can make use of the benefit, getting up to $300 back per year can help justify the $695 annual fee on the Platinum Card. For everyone else, the other perks and credits will have to pull extra weight to make the card worthwhile. 

    Keep in mind, you’ll have to enroll for this benefit before you’re eligible to receive the credits. 

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