The Amex Platinum has two separate credits that cover streaming: the $25/month Digital Entertainment Credit and the $12.95/month Walmart+ Credit. Here's how to use both to get Peacock and Paramount+ without paying for either.
TL;DR
- The Amex Platinum ($895/year) has two credits that can cover streaming: the Digital Entertainment Credit ($25/month) and the Walmart+ Credit ($12.95/month).
- Both Peacock and Paramount+ are eligible on the entertainment credit. Walmart+ also throws in one of them free: Peacock Premium (with ads) or Paramount+ Essential.
- Smart move: take one service through the Walmart+ credit, put the other on the $25 entertainment credit, and keep the leftover for Disney+/Hulu/etc.
- You must enroll in both credits, and use the monthly Walmart+ plan so the $12.95 credit lines up.
- Sources: American Express, Walmart, Peacock, Paramount+ (all first-party).
The Platinum Card from American Express runs $895 a year, so you want to actually use the credits it hands you. Two of them can put both Peacock and Paramount+ on your TV without you paying for either. If your household is considering a second Platinum instead of just one, our guide to running two Amex Platinums under one roof covers whether these credits are worth doubling up on. Here's how they work, plus the move that gets you both at once.
Digital Entertainment Credit, up to $25/month ($300/year). Pay eligible streaming and news services directly with your Platinum and Amex credits you back, up to $25 each month. Peacock and Paramount+ are both on the eligible list, along with Disney+, Hulu, ESPN, The New York Times, The Wall Street Journal, YouTube TV, and YouTube Premium. You enroll first, and you pay the service directly. If you're still deciding between the Gold and Platinum cards in the first place, our Amex Gold vs Platinum comparison breaks down which credits each one actually offers.
Walmart+ Credit, $12.95/month ($155/year). Amex reimburses a monthly Walmart+ membership. And a Walmart+ membership now includes your pick of one streaming service free: Peacock Premium (with ads) or Paramount+ Essential. You can switch which one every 90 days.
Here's the part people miss. You could just put both on the $25 entertainment credit. Peacock Premium is $10.99/month and Paramount+ Essential is $8.99/month, which adds up to $19.98 and fits under the $25 cap.
But that burns most of your entertainment credit on two streaming apps. Instead:
Same two services, but now you're pulling from two different credits and getting Walmart+ (free shipping, grocery delivery) on top. Streaming credits like these are one more data point if you're still weighing the Platinum against the Chase Sapphire Reserve for your primary premium card.
Take it free through the Walmart+ credit and keep the full $25 entertainment credit for everything else.