Essential guide to statement credits: Perks and benefits you shouldn't miss

At TPG, we focus on getting the most out of our credit cards. This includes taking full advantage of all the benefits offered by issuers, including statement credits.

Our monthly checklist showcases all the perks and benefits you should utilize each month. Whether you have one or multiple credit cards, keeping a checklist as a reminder is a fantastic way to ensure you make the most of what’s available.

Some statement credits are offered at irregular intervals, like quarterly, biannually, or annually, and these are the ones we tend to overlook.

Here are some crucial reminders for statement credits that you should keep in mind. I recommend bookmarking this page and checking back every quarter.

American Express

There are many card benefits available, and you should take advantage of them since Amex provides various statement credits throughout the year. Remember, these amounts are "up to" values, indicating the maximum you can receive in statement credits. If you spend less, you'll only be reimbursed for that lower amount.

Moreover, these credits cannot be carried over for future use. They operate on a "use it or lose it" basis.

The Platinum Card from American Express

• Yearly — up to $200 hotel credit: Reserve a prepaid Fine Hotels + Resorts or Hotel Collection property via American Express Travel using The Platinum Card® from American Express. For Hotel Collection bookings, your stay must be at least two nights.
• Yearly — up to $200 airline fee credit: Choose one qualifying airline and get up to $200 in statement credits per calendar year for incidental fees charged by that airline to your Amex Platinum card. This credit can be claimed all at once or across multiple purchases.
• Yearly — up to $300 Equinox credit: This statement credit applies to Equinox+ memberships or any Equinox club membership (subject to auto-renewal). Refer to this guide for details on how to utilize this benefit. Enrollment is necessary.
• Yearly — up to $199 Clear Plus credit: Cardholders can receive up to $199 in statement credits each year for a Clear Plus membership (taxes and fees not included; subject to auto-renewal).
• Biannually — up to $50 Saks Fifth Avenue credit: Enjoy annual statement credits for purchases at Saks Fifth Avenue or saks.com when using your Amex Platinum. You can receive up to $50 in statement credits from January to June and another $50 from July to December. No minimum purchase is required. Enrollment is necessary.

Utilizing these benefits and statement credits can help balance out the card's substantial $695 annual fee (see rates and fees).

The Business Platinum Card from American Express

• Yearly — up to $200 airline fee credit: Choose one qualifying airline to receive up to $200 in statement credits per calendar year for incidental fees charged to The Business Platinum Card® from American Express. This credit can be claimed all at once or in multiple transactions.
• Yearly — up to $199 Clear Plus credit: Cardholders are eligible for up to $199 in statement credits annually toward a Clear Plus membership (excluding taxes and fees; subject to auto-renewal).
• Biannually — up to $400 Dell credit: Obtain up to $200 in credits from January to June and another $200 from July to December on purchases at Dell.com. This benefit is tentatively set to end on Dec. 31. Prior enrollment is required.

American Express® Gold Card

• Biannually — up to $100 Resy credit: Cardholders receive two credits of up to $50 each, one for Jan-Jun and another for Jul-Dec. Statement credits are earned by dining at any U.S. restaurant that accepts RESY reservations and paying with the American Express® Gold Card, as well as on other qualifying Resy purchases. A RESY reservation is not required to receive the statement credit. Enrollment is necessary.

American Express Green Card

• Yearly — up to a $199 Clear Plus credit: Cardholders can claim up to $199 in statement credits annually for a Clear Plus membership (taxes and fees not included; subject to auto-renewal).
• Yearly — up to a $100 lounge credit: When purchasing airport lounge access via LoungeBuddy for any lounges in the LoungeBuddy network, cardholders receive a statement credit of up to $100.

The details for the Amex Green Card have been gathered independently by Dinogo. The information on this page has not been reviewed or endorsed by the card issuer.

Delta cobranded cards

• Yearly — Delta Stays credit: Cardholders can receive up to $100 as a statement credit when booking prepaid hotels or vacation rentals through Delta Stays with the Delta SkyMiles® Gold American Express Card; up to $150 with the Delta SkyMiles® Platinum American Express Card and the Delta SkyMiles® Gold Business Card; up to $200 with the Delta SkyMiles® Reserve American Express Card and the Delta SkyMiles® Platinum Business American Express Card; and up to $250 with the Delta SkyMiles® Reserve Business American Express Card.

Hilton Honors American Express Aspire Card

• Yearly — up to a $199 Clear Plus credit: Cardholders receive up to $199 in statement credits annually for a Clear Plus membership (taxes and fees not included; subject to auto-renewal).
• Biannually — up to a $200 Hilton Resorts credit: Eligible purchases include room charges and incidentals when using your card at participating Hilton resorts. This benefit is divided into biannual statement credits, with up to $200 available from January to June and another $200 from July to December.
• Quarterly — up to a $50 flight credit: When you pay for a flight directly with an airline or through AmexTravel.com, you can earn up to $50 in statement credits each quarter. This credit may also be used for seat upgrades, award taxes and fees, or to top up your United TravelBank balance, according to various reports.

The details regarding the Hilton Aspire card have been gathered independently by Dinogo. The information on this page has not been reviewed or endorsed by the card issuer.

Hilton Honors American Express Surpass Card

• Quarterly — up to a $50 Hilton credit: Enjoy up to $50 in statement credits every quarter for purchases made directly at any property within the Hilton portfolio, covering bookings and incidental charges. Reports suggest that this credit can also apply to dining and gift shop purchases at Hilton properties or for online Hilton gift card transactions, even if you're not currently staying at a location.

The Hilton Honors American Express Business Card

• Quarterly — up to a $60 Hilton credit: Obtain up to $60 in statement credits each quarter for purchases made directly with any Hilton portfolio property, including bookings and incidental charges such as dining and spa services. Insights indicate that this credit might also be used for dining and gift shop purchases at a Hilton property or for online Hilton gift card purchases, regardless of whether you're staying there.

Capital One

Venture credit cards

• Yearly — up to a $300 travel credit: Holders of the Capital One Venture X Rewards Credit Card and the Capital One Venture X Business can earn $300 in travel credits each cardmember year. This credit is applicable only for purchases made through the Capital One travel portal, making it more restrictive compared to the more flexible credit available with the Chase Sapphire Reserve®.

Chase

Certain Chase credit cards provide statement credits that often go unnoticed and can be easily overlooked when concentrating on cards that offer monthly statement credits.

Chase Sapphire Preferred Card

• Annually — a $50 hotel credit: Holders of the Chase Sapphire Preferred® Card enjoy a $50 hotel credit each anniversary year for reservations made through Chase Travel℠.

United cobranded cards

• Annually — an IHG statement credit: Owners of the United Club℠ Infinite Card are eligible for up to $75 in statement credits for IHG Hotels & Resorts purchases made with their card in 2024.
• Annually — United credits: Receive up to $125 in statement credits for United purchases using the United Quest℠ Card each account anniversary year, plus a $100 United travel credit after making seven United flight purchases of $100 or more within each account anniversary year with the United℠ Business Card.

World of Hyatt Business Credit Card

• Annually — a $100 Hyatt credit: Spend $50 or more at any Hyatt location to earn $50 statement credits, available up to two times each anniversary year.

IHG cobranded cards

• Biannually — United TravelBank Cash: Holders of the IHG One Rewards Premier Credit Card and the IHG One Rewards Premier Business Credit Card can receive up to $50 in annual United TravelBank Cash. A $25 credit will be deposited into the cardholder's United MileagePlus account around January 5, valid until July 15, and another $25 will be credited around July 5, valid through January 15 of the following year. Ensure your card is linked to your United MileagePlus account to receive the automatic deposits.

Southwest Rapid Rewards Priority Credit Card

• Annually — a $75 Southwest credit: Holders of the Southwest Rapid Rewards® Priority Credit Card can earn a $75 travel credit each cardholder year. This credit applies to eligible purchases such as airfare, and buying a Southwest gift card may also activate the statement credit.

Citi

Citi offers a diverse selection of credit cards that provide statement credits, which are often overlooked.

Citi / AAdvantage Executive World Elite Mastercard

The Citi® / AAdvantage® Executive World Elite Mastercard® (see rates and fees) comes with various monthly benefits, including a $10 credit for Lyft and a $10 credit for Grubhub, but there's one perk that often slips people's minds:

• Annually — up to a $120 rental car credit: Cardholders can earn up to $120 in statement credits for eligible rentals from Avis or Budget each calendar year.

Citi Strata Premier Card

The Citi Strata Premier℠ Card (see rates and fees) features excellent earning rates across various categories, along with a frequently overlooked statement credit:

• Annually — a $100 hotel credit: Cardholders receive a $100 discount on a single hotel booking of $500 or more (excluding taxes and fees) made through CitiTravel.com or by calling 1-833-737-1288. This benefit is applied during the booking process.

U.S. Bank

U.S. Bank Altitude Go Visa Signature Card

• Yearly — a $15 streaming credit: Cardholders earn a $15 credit for streaming services after completing 11 months of eligible streaming purchases. Qualified merchants include Netflix, Spotify, and Apple TV+.

The details regarding the U.S. Bank Altitude Go card have been independently gathered by Dinogo. The information provided here has not been verified or endorsed by the card issuer.

Final thoughts

To truly maximize the benefits of your credit cards and make the annual fees worthwhile, it's essential to take full advantage of all the perks and benefits available. While many cards provide monthly benefits and statement credits that are easy to manage, irregular perks can easily be overlooked. Use this guide to monitor quarterly, biannual, or annual benefits to ensure you extract every ounce of value from your credit cards.