Get £300 of dining credit every year with American Express Platinum

American Express has a valuable benefit for holders of The Platinum Card – £300 per year of restaurant credit.

This benefit is guaranteed to run until the end of 2024 although we are hopeful that it will continue – it is already into its third year. It fundamentally changes the value calculation on whether you should get the card or not, especially when added to the £100 per year of Harvey Nichols credit you also receive.

You could offset the £650 Amex Platinum annual fee by £400 – £300 per year of dining credit and £100 per year of Harvey Nichols spend. This means that you are getting a lot of benefits for the balance of £250.

How does the American Express Platinum dining credit work?

It’s not quite as simple as it could be, if I’m honest. The credit is split into two parts:

• you get £150 per year of dining credit at selected UK restaurants

• you get £150 equivalent per year of dining credit at selected overseas restaurants

Is there any onerous small print?

Not really, although you need to follow the rules:

• This is an ‘opt in’ offer. You MUST register before you start receiving cashback.

• You do NOT have to book via any special channel – simply pay for your meal with The Platinum Card.

• The offer is cumulative. You don’t need to spend the entire £150 in one meal or at the same restaurant.

• The credit runs per calendar year and resets on 1st January – this means that you could claim it twice during your first year of card membership if the deal is extended into 2025

• Unused credit does not carry over to the next calendar year

• Supplementary cards are not eligible. Only the primary card receives the credit and payments must be made with the primary card.

• The offer is guaranteed to run until at least the end of 2024 and will hopefully be extended

What restaurants are taking part?

There are over 2,000 participating restaurants in 20 countries. You can see the list here.

To use the ‘international’ part of your credit, you need to visit:

• EUROPE: Austria, Belgium, Finland, France, Germany, Italy, Luxembourg, Netherlands, Spain, Sweden

• ASIA / OCEANIA: Australia, Hong Kong, Japan, New Zealand, Singapore, Taiwan, Thailand

• AMERICAS: Canada, Mexico, United States

The UK allocation is fairly well spread throughout the country. Taking Birmingham, for example, there are four participating restaurants:

• Opheem
• Simpsons
• Tattu
• The Ivy Temple Row

Whilst clearly you can’t please everyone, American Express does seem to have made an effort to provide a broad spread of restaurants. There are 13 towns and cities in the Netherlands with a participating restaurant, for example – it’s not just in Amsterdam.

How do I register?

Look in the ‘Offers’ section of your Platinum statement page, either online or in the app.

You must register TWICE – once for the UK offer and once for the international offer.

This is what you are looking for:

Conclusion

This is a very generous new benefit from American Express Platinum.

I think you can reasonably treat the £150 of UK credit as ‘free money’, given that there are over 160 restaurants taking part.

The £150 of international credit will be a little more restrictive to use and will require you to fit in meals around your travelling. On the other hand, it provides a great excuse to try out a local restaurant which you would probably have otherwise ignored. It could even be a good excuse to head over to Paris or Amsterdam for the day for a slap-up lunch.

As the credit is cumulative, there is no pressure for solo diners or couples to go unnecessarily crazy on the wine either. You can use the credit over multiple meals if you wish.

You can find out more about this new benefit, and see the list of participating restaurants, here.

You can find out more about the card, and apply, here.