Hotel Credit Holders Must Use Credits Now Before They Expire

The end of the year is approaching, and many luxury travel credit holders are at risk of losing their hotel statement credits due to expiring benefit periods. According to Eye of the Flyer, now is a good time to start using these credits before they expire in December.

Many people assume that the credit can only be used when traveling, but this isn't necessarily true. What matters is getting the eligible purchase processed during the proper benefit period. This means booking an eligible prepaid rate through the right portal and making sure the charge processes during the benefit period you're trying to use.

The American Express Platinum Card and The Business Platinum Card from American Express offer up to $600 in hotel statement credits per calendar year, issued as up to $300 semi-annually. To qualify, bookings must be made through Fine Hotels + Resorts or The Hotel Collection, and the charge must process during the benefit period.

It's essential to book the right type of stay, as prepaid rates can differ from pay-at-the-property rates in terms of price and cancellation terms. Additionally, booking through the correct portal is crucial, as using the wrong channel can result in no credit at all.