Augusta Stone is a credit cards writer for TPG. She joined the TPG team in 2023 and is excited to take points and miles beginners with her on a journey toward maximizing rewards.
May 27, 2026 • 7 min read
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Quick summary
A premium travel card offers up to $600 in annual lodging statement credits for prepaid bookings at select luxury hotel programs through a dedicated travel portal.
The credit is split into two $300 credits per calendar year, usable for bookings at Fine Hotels + Resorts or The Hotel Collection properties, with specific stay requirements for each program.
Benefits at these properties include perks such as complimentary breakfast, late checkout, room upgrades and unique property credits, enhancing the overall value of the stay.
You can maximize the credit by combining it with limited-time promotions like complimentary nights and by splitting the credit across multiple bookings within each six-month period.
What to consider
Only prepaid bookings at eligible properties through the travel portal qualify for the credit, and minimum stay requirements may apply (e.g., two nights for The Hotel Collection; Fine Hotels + Resorts will require two nights from January 2027).
Statement credits may be reversed if bookings are canceled or modified, and you may not receive another credit until the next cycle if this occurs.
Authorized users do not receive a separate lodging credit, but the benefit can be shared across all cards on the account.
What you'll miss from the article
Detailed strategies for maximizing the lodging credit, including how to pair it with hotel promotions and navigate cancellation policies.
Generated by AI with support from our editorial team.
One of the most valuable travel perks on the and is the lodging statement credit — a benefit that can make luxury stays far more affordable.
Cardmembers receive up to $600 in lodging statement credits each calendar year (up to $300 semiannually) for prepaid bookings with Fine Hotels + Resorts or The Hotel Collection properties through American Express Travel®. (THC requires a minimum two-night stay; beginning Jan. 1, 2027, Fine Hotels + Resorts will require stays of two nights or more to be eligible for the lodging statement credit.)
You have until the end of June to use your statement credit for the first half of 2026, so make sure to come up with a booking idea soon. You don't need to complete your stay by June 30 — it could be for later in the year or even next year given that it's for a prepaid stay.
Let's walk through how to maximize this benefit.
What is the Amex Platinum and Business Platinum prepaid lodging credit?
and cardmembers receive up to $600 back in statement credits each calendar year when they make bookings through Amex FHR or THC.
The benefit is earned as an up to $300 statement credit every six months — one for January to June and the other for July to December.
HYATT
Amex FHR provides true elitelike benefits when you book at more than 3,000 luxury properties worldwide, including:
Complimentary daily breakfast for two
Complimentary Wi-Fi
Guaranteed 4 p.m. late checkout
Noon check-in*
Room upgrade upon arrival*
A $100 experience credit, unique to each property
Booking with THC also provides solid benefits (though not as many as FHR):
Noon check-in*
Late checkout*
Room upgrade upon arrival*
A $100 credit toward eligible charges, such as food and beverage and spa treatments
*Subject to availability
Keep in mind that you must book a stay of at least two nights with THC, while FHR does not have any minimum stay requirements for now. Beginning Jan. 1, 2027, Fine Hotels + Resorts will require stays of two nights or more to be eligible for the lodging statement credit.
Not all hotels are eligible for the prepaid lodging credit. Your hotel must be booked through Amex Travel and specifically part of FHR or THC for the credit to kick in.
How to use the Amex Platinum and Business Platinum prepaid lodging credit
Unlike other or statement credits, you don't have to register for the prepaid lodging credit before using it.
Searching on the general Amex Travel site, you can filter hotels based on their program affiliation as FHR and THC properties.
AMERICAN EXPRESS
Then, go through the booking process as you typically would and use your card to pay for your reservation.
American Express states it may take up to 90 days for your statement credit to post, but it usually takes only three days on average. In my experience, a recent FHR booking was credited to my card within a day.
How to maximize the Amex Platinum and Business Platinum lodging credit
To get the most out of your credit, start by browsing FHR properties that are priced competitively. Here, your credit can stretch further thanks to competitive nightly rates and generous on-property perks, both of which can enhance your stay without extra out-of-pocket costs.
Additionally, keep an eye out for limited-time promotions. These deals can sometimes include a bonus night when you book a minimum stay, effectively lowering your nightly rate.
For example, TPG contributing credit cards editor Matt Moffitt previously booked a three-night stay at InterContinental Athénée Palace Bucharest in Romania and only paid for two nights because the third night was complimentary. His total stay was $441, meaning his out-of-pocket cost was only $141 (taking into account the credit).
InterContinental Bucharest. IHG
And you don’t have to use all $300 of your lodging credit on a single reservation. The statement credit is issued twice per year, and you can apply it across multiple bookings if you prefer.
This flexibility means you could, for example, use part of your statement credit on a shorter stay at a lower-priced FHR or THC property, then apply the remainder toward another reservation later in the same six-month period.
However, because many participating hotels are at higher price points, combining the statement credit with a promotion like a free night offer is often the most effective way to maximize its value.
Maximizing this statement credit goes beyond just finding the right hotel — it’s also about understanding the fine print around cancellations, elite perks and who can actually use the credit.
Changes and cancellations
Keep in mind that statement credits from your or may not be received or may be reversed if the booking is canceled or modified. If you need to change your booking dates, it's best practice to call Amex Travel to see if you're eligible to do so.
If the booking is canceled, you may find that your lodging credit has been clawed back from Amex — even if you receive a refund. You may not receive another statement credit until the next six-month cycle.
Elite status benefits
As mentioned above, bookings through FHR and THC come with their own suite of benefits. So, whether or not you'll receive benefits from being an elite status member with a brand like Hilton or Marriott depends on where you stay.
MATT MOFFITT/THE POINTS GUY
Some properties will still provide your loyalty benefits, but not all do. Matt's experience has been positive, with his two most recent THC stays (at a Hilton property in Porto, Portugal, and an IHG hotel in Madrid, Spain) honoring his elite status.
Authorized users
Finally, note that Platinum and Business Platinum authorized users do not receive their own lodging credit. However, the benefit can be split across all cards on the account.
The prepaid lodging statement credit on the and is one of the most valuable benefits on each card.
If you’re able to fully use the statement credit (or even come close) you’ll already be getting excellent value from your card. The properties bookable through the American Express Fine Hotels + Resorts and The Hotel Collection programs are highly-rated premium properties, offering elevated stays thanks to your card's benefits.
Pairing this statement credit with an FHR or THC promotion can turn a premium hotel stay into an exceptional deal.
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
