American Express Personal Platinum Adds $200 Oura Ring Credit

American Express personal Platinum card has added a $200 Oura ring credit.Terms state the following:

Enrollment through American Express is required to receive the benefit.Only the Basic Card Member or Authorized Account Manager(s) on a U.S.Consumer Platinum Card® Account can enroll in the benefits section of their americanexpress.com account or by calling the number on the back of their Card.

Enrolled Basic Card Members can receive up to $200 in statement credits each calendar year on eligible purchases charged to the Card Account.Eligible purchases include Oura Ring purchases made online at U.S.website ouraring.com.Not valid on purchases shipped to U.S.

territories or outside the U.S.Excludes Oura membership purchases, other hardware purchases (e.g., chargers, add-ons), extended warranty purchases, Oura gift card purchases, and purchases made using third-party retailers, delivery services or other intermediaries.Purchases by both the enrolled Basic Card Member and Additional Card Members on the Card Account are eligible for statement credits.However, each enrolled Card Account is only eligible for up to $200 in statement credits per calendar year, per Card Account.

Using The Credit

According to the terms the only thing that will actually trigger the credit are the Oura ring itself.

Shipping is free

Base price for the gen4 is $349, not really worth it even with the heavy discount unless you really want one.

I tried to find some deals to stack to make it more attractive but biggest discounts seem to be 10-15%.

If you are military affiliated you can use “GOVx” to get $50 off Gen 4, verify through GOVx then you will be redirected to the oura ring website

CLEAR+ offers $49 off the gen4

If you see any better deals please share them in the comments below.

Gen3 is $199, so free (just pay sales tax)

Can reimburse through reimburse through HSA/FSA

It requires a membership though.New rings get one month for free and then it’s $6 per month or $70 per year.

F.A.Q

Do Giftcards Work?

Giftcards are sold through Cashstar and will code as Cashstar so won’t trigger the credit.

Do Split Payments Work?

It’s not possible to do a split payment across two Business Platinum cards and use two credits to make the Gen4 effectively free.

However, a Reddit report indicates that paying with Paypal is working to trigger the credit.Since Paypal allows card splitting, it should work to split the Gen4 across two cards and get it free.

Order was cancelled.

Will Non Ring Purchases Trigger The Credit?

Terms say that they won’t, but some purchases are coding the same as the ring itself.For example:

Hat tip to DDG

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.