Lululemon Credit on Amex Platinum Card Proves Surprisingly Useful
The author of Eye of the Flyer was skeptical when American Express announced a lululemon statement credit as part of its Platinum Card benefits. However, his wife saw an opportunity and ended up using the benefit to buy clothes for their daughter and gifts for others.
The Amex Platinum Card offers up to $300 per year in statement credits for eligible purchases at U.S. lululemon retail stores and online, with a maximum of $75 per quarter. Enrollment is required. The author's wife used her own card to take advantage of the benefit after realizing she could use it to buy gifts and clothes for their family.
The author notes that they would have bought these items anyway, but the statement credit helps them come out ahead on the $895 annual fee for their cards. He also suggests using shopping portals like Rakuten or TopCashback to earn bonus cash back or points in addition to the statement credit.