I’ve Said It Before: AMEX Statement Credits Aren’t Cash

I’ve Said It Before: AMEX Statement Credits Aren’t Cash

When you look at the benefits offered by the American Express Platinum Card, the numbers can be impressive. American Express says cardholders can unlock more than $3,500 in annual value from the card’s collection of lounge access, travel benefits and statement credits. That sounds particularly appealing when you’re trying to justify the card’s $895 annual fee. But there’s an important distinction that’s easy to overlook: Getting $300 in statemen…