
The Equinox Platinum Card is a premium credit card that offers a range of benefits and rewards. It's designed for those who want to earn points and travel perks.
The card has a $995 annual fee, which may seem steep, but it's worth considering if you're a frequent traveler or use your card for business expenses.
You can earn 6X points per dollar spent on air travel, hotels, and more, which can add up quickly.
The card also offers a generous sign-up bonus of 100,000 points after spending $4,000 in the first 3 months.
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What Is the Amex Platinum Card?
The Amex Platinum Card is a premium credit card that offers a range of benefits, including an annual up to $300 statement credit with Equinox.
Equinox is a luxury fitness club with over a hundred locations in the U.S., Canada, and the U.K., with over 40 locations in New York City alone.
The Amex Platinum Card's Equinox benefit is a one-time credit per account, meaning you won't get a credit if you have authorized users.
You can use the up to $300 credit for various Equinox membership fees, including Single Club Access, Regional Access, All-Access, Destination, and E by Equinox memberships.
The credit can also be applied to the Equinox+ app, which offers digital access to Equinox's fitness content and services.
Note that you won't receive the statement credit if you purchase your membership through Equinox's mobile app or a third party.
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Membership Fees
Equinox membership fees can be steep, with in-person memberships starting at around $176 a month for the "destination" membership.
In-person memberships often require a minimum 12-month commitment, so be prepared for a long-term financial commitment.
The initiation fees for in-person memberships can range from $200 to $750, and it's not clear how often these fees can be waived.
Equinox+ membership fees, on the other hand, are a more affordable option at $39.99 a month.
The Equinox+ app offers access to various classes, including those from partners like SoulCycle, making it a great option for those who don't have a nearby Equinox gym.
The American Express Platinum Card offers a $300 Equinox Credit, which provides a monthly $25 credit towards Equinox membership fees.
This credit can be used towards Equinox All Access, Destination, E by Equinox, or Equinox+ membership fees, making it a great perk for Platinum card holders.
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Using the Amex Platinum Card
To use the Amex Platinum Card, you'll want to take advantage of the Equinox credit, which offers up to $300 in statement credits each calendar year.
First, enroll in an eligible Equinox or Equinox+ membership, which can be done in person at a Club or by visiting platinum.equinox.com. You can choose between the in-person experience (gym membership) or the digital experience (Equinox+ app).
The cost of each membership and service varies, but here's a breakdown of the monthly fees:
After activating the benefit, you must charge your Equinox or Equinox+ fees to your Amex Platinum Card, and you'll usually receive your statement credit within a few days, but it can take up to eight weeks.
To maximize your Equinox credit, consider enrolling in the Equinox+ 7-Day Free Trial, which gives you access to Equinox's premium services at no cost for the first week.
Card Details and Options
The Amex Platinum card offers a great Equinox benefit, and it's worth understanding the details to make the most of it.
The Equinox credit changes from a monthly to an annual use starting January 1, 2023. This means cardmembers can receive up to $300 as an annual credit.
Here are the eligible Equinox membership types:
- All-Access ($275 per month, 12-month commitment required)
- E by Equinox (cost by inquiry only)
- Equinox Destination ($315 per month, 12-month commitment required)
- Equinox+ ($40 per month)
- Single Club Access (cost varies by location)
- Regional Access (cost varies by location)
The annual credit can be applied to all types of Equinox memberships, making it easier to use.
Embracing Change
Embracing change can be tough, but it's also an opportunity to explore new possibilities. The Equinox credit change in 2023 will allow users to apply the $300 credit towards single-club access tickets.
The cost of single-club access tickets varies by location, but users can expect to get around five to six visits per year. I've valued the credit at $0 since I don't see a use case for it, but now I'm looking forward to using it at my local Equinox club.
The Equinox Hotel in New York City is an interesting potential use case for the $300 credit, even though it's not explicitly mentioned in the terms and conditions. Using it at the hotel could be a great way to experience the Equinox brand in a new way.
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Frequently Asked Questions
What salary do you need for a platinum Amex?
To be eligible for the Amex Platinum card, you typically need an annual income of at least $50,000. However, having a higher income and good credit score can improve your chances of approval.
Why is Amex Platinum so hard to get?
To be eligible for the Amex Platinum Card, you typically need a good to excellent credit score, making it a challenging card to get approved for.
Sources
- https://www.uponarriving.com/amex-platinum-equinox-credit/
- https://thepointsguy.com/credit-cards/guide-new-amex-platinum-equinox-credit/
- https://upgradedpoints.com/news/amex-platinum-benefits-changes/
- https://stacyknows.com/maximize-your-amex-platinum-benefits-the-300-equinox-credit/
- https://pointsmiler.com/home/g2tc3jgalzyq4hcqh2jdk6ftz45dyc
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