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If you're the last remaining human on earth who hasn't heard about The Platinum Card® from American Express‘ recently refreshed suite of benefits (and corresponding annual fee increase), welcome. We have been expecting you! Apart from a significant hike in its annual fee, the card comes with a new suite of coupons benefits that you can take advantage of every year.
One of these new credits that you can take advantage of is an up to $200 Oura Ring Credit. Here's what to know about this unique benefit.
What Is an Oura Ring?
Let's start with the basics. An Oura Ring is a wearable smart device that tracks your health and wellness data. Unlike your usual fitness trackers or smart watches, they are designed to be less obtrusive — simply shaped like a ring.
Oura Rings help track:
- Sleep – measures your sleep stages (like light, deep, or REM cycles), total sleep time, and sleep quality.
- Activity – tracks your daily movements, activity levels, and calories burned.
- Readiness Score – the device calculates sleep, recovery, and activity data and tells you how prepared you are for the day.
- Health – measures resting heart rate, heart rate variability, body temperature trends, and blood oxygen levels.
The device then syncs all that information with the Oura app on your phone, where you can see detailed reports and trends over time. The idea is less about step counting and more about holistic health optimization.
I don't currently have an Oura (yet!), but I do wear a WHOOP, a similarly unobtrusive device with no screen or haptic sounds or vibrations. It basically does its thing, and I can find out all about it through the app if and when I want to. These are great devices that are perfect for all of us who like to stay active without obsessing over it or feeling the pull from a screen.
How to Use the Amex Platinum Oura Ring Credit
Just like many other statement credits that come with your Amex Platinum Card, this Oura Ring one will also require enrollment before you can enjoy it. So don't just rush online to get one until you've enrolled in the benefit.
Steps to enroll
To enroll, head to the Amex website, log in to your account, and head to ‘Rewards and Benefits'.
Scroll down until you see ‘Explore Benefits' and click on ‘View All Benefits'.
Each benefit will be displayed under a category from a list. You will find the Oura credit under the ‘Enroll' category after you expand that category.
Click on the ‘Learn More' button on the Oura Ring benefit tile to expand details. To enroll, just click on the ‘Enroll Now' button.
What you can buy with the Oura Ring credit
This benefit entitles you to receive up to $200 back in statement credits after purchasing an Oura Ring at Oura's website and using your Amex Platinum card to check out. For reasons I cannot comprehend, this is a yearly recurring benefit. That means you can purchase a new ring every calendar year and enjoy this credit.
Note that the terms explicitly state that the credit applies solely towards the purchase of an Oura Ring. Excluded are purchases of any of the other products, including accessories or Oura memberships. As per the terms:
Excludes Oura membership purchases, other hardware purchases (e.g., chargers, add-ons), extended warranty purchases, Oura gift card purchases, and purchases made using third-party retailers, delivery services or other intermediaries.
However, note that in order to fully take advantage of this device, you will most likely need to use one of their paid subscriptions. That means that even if you manage to partially or even fully cover the cost of a new ring, you'd still be on the hook for additional costs.
After you check out of the site, you'll be paying the full cost of the ring. The credit will typically apply within a few days after the purchase reflects on your account, but it may, in some cases, take up to eight weeks.
- You may be eligible for as high as 175,000 Membership Rewards® points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you're approved and find out your exact welcome offer amount - all with no credit score impact. If you're approved and choose to accept the Card, your score may be impacted.
- Get more for your travels with 5X Membership Rewards® points on all flights and prepaid hotel bookings through American Express Travel®, including Fine Hotels + Resorts® and The Hotel Collection bookings. You earn 5X points on flights purchased directly from airlines or through American Express Travel® on up to $500,000 on these purchases per calendar year.
- More Value! With over 1,550 airport lounges - more than any other credit card company on the market* - enjoy the benefits of the Global Lounge Collection®, over $850 of annual value, with access to Centurion Lounges, 10 complimentary Delta Sky Club® visits when flying on an eligible Delta flight (subject to visit limitations), Priority Pass Select membership (enrollment required), and other select partner lounges. * As of 07/2025.
- More Value! $200 Uber Cash + $120 Uber One Credit: With the Platinum Card® you can receive $15 in Uber Cash each month plus a bonus $20 in December when you add your Platinum Card® to your Uber account to use on rides and orders in the U.S when you select an Amex Card for your transaction. Plus, when you use the Platinum Card® to pay for an auto-renewing Uber One membership, you can get up to $120 in statement credits each calendar year. Terms apply.
- More Value! $300 Digital Entertainment Credit: Get up to $25 in statement credits each month after you pay for eligible purchases with the Platinum Card® at participating partners. Enrollment required.
- More Value! $600 Hotel Credit: Get up to $300 in statement credits semi-annually on prepaid Fine Hotels + Resorts® or The Hotel Collection* bookings through American Express Travel® using the Platinum Card®. *The Hotel Collection requires a minimum two-night stay.
- New! $400 Resy Credit + Platinum Nights by Resy: When you use the Platinum Card® to pay at U.S. Resy restaurants and to make other eligible purchases through Resy, you can get up to $100 in statement credits each quarter with the $400 Resy Credit benefit. Plus, with Platinum Nights by Resy, you can get special access to reservations on select nights at participating in demand Resy restaurants with the Platinum Card®. Simply add your eligible Card to your Resy profile to book and discover Platinum Nights reservations near you, enrollment required.
- More Value! $209 CLEAR® Plus Credit: CLEAR® Plus helps get you to your gate faster by using unique facial attributes to verify you are you at 50+ airports nationwide. You can cover the cost of a CLEAR Plus Membership* with up to $209 in statement credits per calendar year after you pay for CLEAR Plus with the Platinum Card®. *Excluding any applicable taxes and fees. Subject to auto-renewal.
- $200 Airline Fee Credit: Select one qualifying airline and then receive up to $200 in statement credits per calendar year when incidental fees, such as checked bags and in-flight refreshments, are charged by the airline to the Platinum Card® Account*. American Express relies on airlines to submit the correct information on airline transactions to identify incidental fee purchases. If you do not see a credit for a qualifying incidental purchase on your eligible Card after 8 weeks, simply call the number on the back of your Card. Qualifying airlines are subject to change. See terms & conditions for more details.
- Start your vacation sooner, and keep it going longer. When you book Fine Hotels + Resorts® through American Express Travel®, enjoy noon check-in upon arrival, when available, and guaranteed 4PM check-out.
- New! $300 lululemon Credit: Enjoy up to $75 in statement credits each quarter when you use the Platinum Card® for eligible purchases at U.S. lululemon retail stores (excluding outlets) and lululemon.com. That's up to $300 in statement credits each calendar year. Enrollment required.
- $155 Walmart+ Credit: Receive a statement credit* for one monthly Walmart+ membership (subject to auto-renewal) after you pay for Walmart+ each month with the Platinum Card®. *Up to $12.95 plus applicable local sales tax. Plus Ups not eligible.
- $100 Saks Credit: Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue or saks.com on the Platinum Card®. That's up to $50 in statement credits from January through June and up to $50 in statement credits from July through December. No minimum purchase required. Enrollment required.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- $895 annual fee.
- Terms Apply.
- Rates & Fees
- Earn 5X points for flights booked directly with airlines or with American Express Travel® (up to $500,000 in purchases per calendar year).
- Earn 5X points on prepaid hotels booked with American Express Travel®. Earn 5X points on Fine Hotels + Resorts® and The Hotel Collection bookings.
Bottom Line
While an up to $200 Oura Ring statement credit should be nobody's main reason to get or keep a premium lifestyle credit card, it's always a great idea to take advantage of each and every credit that comes with the Amex Platinum. That way, you're recovering some of the money you've spent on the hefty annual fee.
Hopefully, you were already in the market for a wearable device that tracks your wellness. But if not, luckily, there are about many other coupon-book style credits available on the Amex Platinum that you can absolutely make use of.
For rates and fees of the cards mentioned in this post, please visit the following links: The Platinum Card® from American Express (Rates & Fees)
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