This refers to a new benefit recently added to The Platinum Card® from American Express (Amex Platinum). It is a statement credit for purchases made at Lululemon.
Here are the key details about the Amex Platinum Lululemon Credit:
1. The Credit Value
- Total Annual Value: Up to $300 in statement credits per calendar year.
- Quarterly Limit: The credit is split into a $75 maximum per calendar quarter (January-March, April-June, July-September, October-December).
- Important: This is a “use-it-or-lose-it” credit. If you only spend $50 in a quarter, you forfeit the remaining $25, and it does not roll over to the next quarter.
2. How to Use the Credit
- Enrollment is Required: The Basic Card Member must enroll to activate this benefit. You can do this through your American Express online account or the Amex mobile app under the Benefits section.
- Eligible Purchases: The credit applies to purchases made directly with Lululemon in the U.S. at:
- U.S. Lululemon retail stores (excluding outlets).
- The U.S. website: lululemon.com.
- The Lululemon app.
- Who Can Use It: Purchases made by both the enrolled Basic Card Member and any Additional Card Members on the account count toward the $75 quarterly cap.
3. Exclusions (Where the Credit Does NOT Apply)
- Lululemon outlet locations, warehouses, or showrooms.
- Purchases shipped outside the U.S.
- The purchase of gift cards.
- Lululemon Studio memberships or related fees.
This credit is part of a broader shift by Amex to include more lifestyle and wellness benefits to help offset the card’s high annual fee. If you are a regular Lululemon shopper, it’s considered an easy-to-use perk.