Premium Cardholders Should Redeem Midyear Statement Credits by 2026

Premium credit card holders should review and utilize their statement credits, many of which reset on a biannual basis and expire by the end of 2026. These credits are designed to offset high annual fees, with benefits often resetting monthly, quarterly, or annually. As 2026 is past its halfway point, cardholders have a limited window to redeem these remaining perks before January 1, 2027.

American Express offers several cards with statement credits that will expire at year-end. The Business Platinum Card from American Express, with its $895 annual fee, provides up to a $300 semiannual statement credit for prepaid American Express Fine Hotels + Resorts or The Hotel Collection bookings made through Amex Travel. This benefit is split into two $300 credits, one for January-June and another for July-December. Hotel Collection stays require a minimum two-night stay.

Similarly, the American Express Platinum Card, also with an $895 annual fee, offers a comparable semiannual statement credit of up to $300 for prepaid bookings within the Fine Hotels + Resorts or The Hotel Collection portfolios. These credits are crucial for cardholders aiming to maximize the value of their premium cards by offsetting the annual costs with tangible benefits before they expire.