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Amex Platinum Equinox credit switching to annual: Easier to use

Nov. 03, 2022
5 min read
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When you think of luxury cards, The Platinum Card® from American Express probably comes to mind first — proving just how influential brand association is. And while it's easy to gawk at the card's $695 annual fee (see rates and fees), it comes with plenty of perks to make the value well worth the cost to cardholders.

One of these perks is the $300 Equinox credit. American Express Platinum Cardmembers will receive their Equinox statement credit of up to $300 per calendar year on an annual basis. This will give cardholders more flexibility in maximizing their credit across the calendar year rather than on a monthly basis. Enrollment is required.

What is the Amex Platinum Equinox credit?

Equinox is a luxury fitness club with hundreds of locations in the U.S., Canada and the U.K. You’ll find them mostly in major cities, but Equinox is headquartered in New York City. Accordingly, there are more than 35 locations in New York City alone.

With the Amex Platinum, you’ll get an annual $300 statement credit with Equinox. This benefit is one per Platinum account, meaning that even if you have authorized users, you’ll still only get one credit.

MELANIE LIEBERMAN/THE POINTS GUY

If you don’t live near an Equinox (or aren’t interested in paying a premium for your gym), it’s important to note that the $300 credit can also apply to the Equinox+ app. According to Amex, here’s everything eligible for reimbursement with the Amex Platinum Equinox credit:

  • Equinox Single Club Access membership fees.
  • Equinox Regional Access membership fees.
  • Equinox All-Access membership fees.
  • Equinox Destination membership fees.
  • E by Equinox membership fees.
  • Equinox+ app membership fees.

Related: At home or at the gym: The best credit cards to maximize your next workout

How to use the Amex Platinum Equinox credit

Whether you’re already an Equinox member or you’ve been thinking about joining Equinox, you’ll follow the same process to use the Amex Platinum Equinox credit.

First, visit platinum.equinox.com to enroll in the benefit. Existing members will log in with their Equinox account, while new members will be prompted to select an eligible plan. You can choose either the in-person experience (gym membership) or the digital experience (Equinox+ app).

The table below breaks down the cost of each membership and service. While the membership cost could vary if you join in person, the all-access and destination memberships seem pretty standard across the board when joining online. The Monthly E by Equinox membership price is not posted online, so the only cost we know for sure is the Equinox+ app, which bills $40 monthly.

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ServiceCost
Monthly All-access Equinox membership.$275 per month, 12-month commitment.
Monthly Destination Equinox membership.$315 per month, 12-month commitment.
Monthly E by Equinox membership.Not posted online.
Equinox+ app.$40 per month.

Related: How to maximize points and miles on fitness and wellness spending

After activating the benefit, you must charge your Equinox or Equinox+ fees to your Platinum Card. Amex claims that it takes two to four weeks to receive the statement credit, though we imagine it could post sooner.

FAQs on Amex Platinum Equinox credit

Below, we’ve answered your most frequently asked questions about the new Amex Platinum Equinox credit.

Which memberships are eligible for the Amex Platinum Equinox credit?

Card Members can get up to $300 in statement credit each year when they pay for Equinox+, the digital fitness app with live and on-demand classes, or any Equinox club membership with their Platinum Card.

Which memberships are NOT eligible for the Amex Platinum Equinox credit?

Any day passes or online purchases on Equinox’s website will not count toward this credit. Some other exclusions may apply, so it’s best to check with Amex if you’re unsure if your membership qualifies.

What benefits do I get with the Equinox+ app?

You’ll get access to an extensive portfolio of classes from Equinox and its many brands, including SoulCycle, Pure Yoga, Precision Run, HeadStrong, Rumble, TB12 and Solidcore. There are also live Equinox and SoulCycle classes available. Keep in mind, you will not receive the statement credit on your Equinox+ membership if you purchase your membership within the Equinox+ app or through a third party.

How do I use my Amex Platinum Equinox credit?

Once you confirm your membership is valid for the statement credit, you must activate the benefit through platinum.equinox.com and charge your monthly bill to your Amex Platinum card.

Bottom line

If you don’t live in a big city with a physical Equinox location near you, the $300 annual Equinox credit takes a sizable chunk off the cost of the Equinox+ app.

At-home workouts have become increasingly popular in recent years, and the Equinox+ app has excellent Equinox classes, as well as SoulCycle, Rumble, TB12 classes and so much more. It’s also worth noting that there’s a seven-day free trial, so you can test it out before you decide to commit.

Additional reporting by Emily Thompson.

For rates and fees of the Amex Platinum card, click here

Featured image by MELANIE LIEBERMAN/THE POINTS GUY
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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at American Express's secure site
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Best for the well-traveled foodie
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

4XEarn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S.
4XEarn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3XEarn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
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    Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

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  • Annual Fee

    $250
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent/Good

Why We Chose It

There's a lot to love about the Amex Gold card. It's been a fan favorite during the pandemic because of its fantastic rewards rate on restaurants (that includes takeout and delivery in the U.S.!) and U.S. supermarkets. If you're hitting the skies soon, you'll also earn bonus points on travel. Paired with up to $120 in Uber Cash (for U.S. Uber rides or Uber Eats orders) and up to $120 in annual dining statement credits at eligible partners, there's no reason that the foodie shouldn't add this card to their wallet. Enrollment required.

Pros

  • 4x on dining at restaurants and U.S. supermarkets (on the first $25,000 in purchases per calendar year; then 1x)
  • 3x on flights booked directly with the airline or with Amex Travel
  • Welcome bonus of 60,000 points after spending $4,000 in the first six months

Cons

  • Weak on travel outside of flights and everyday spending bonus categories
  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber/food credits
  • Few travel perks and protections
  • Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership.
  • Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year.
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required.
  • Choose the color that suits your style. Gold or Rose Gold.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms Apply.
  • See Rates & Fees