Amex Platinum $200 Oura Ring Credit: How It Works and Why It Matters

Oura Ring is a smart health ring designed to track how you sleep, recover, and handle daily activity. Instead of focusing on steps or calories, it’s built to give you a deeper view of your overall wellness.
 

Here’s what it does:

• Sleep tracking: Measures sleep stages, restfulness, and sleep quality with high accuracy. Many consider it more reliable than most smartwatches for overnight data.
• Readiness score: Every morning, Oura gives you a score based on your recovery, sleep, and activity. It helps you decide whether to push harder that day or take it easier.
• Activity insights: Tracks heart rate, heart rate variability (HRV), and movement throughout the day to show how your body responds to stress, exercise, or travel.
• Temperature and health trends: Oura can detect shifts in body temperature, which is useful for spotting stress, illness, or changes in recovery.
• Discreet and durable: Made from lightweight titanium, it’s comfortable to wear all day and night — a key difference from bulky smartwatches.
   

Unlike a typical fitness tracker, Oura is focused on helping you understand your body’s patterns so you can make better decisions around rest, exercise, and recovery.

What Is the Amex Platinum Oura Ring Benefit?

With the recent refresh, The Platinum Card® from American Express now includes up to $200 back on Oura Ring purchases each calendar year. This applies when you enroll and buy directly at ouraring.com with your Platinum Card.

• Enrollment is required in the Benefits section of your Amex account.
• Hardware purchases qualify, but memberships, gift cards, chargers, and third-party sites (like Amazon or Best Buy) do not.
• Credits can take up to eight weeks to post.

This is one of the most unique Amex Platinum lifestyle credits because it targets health and wellness rather than travel or dining.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

How to Use the Amex Platinum Oura Credit

1. Enroll first – log in at americanexpress.com or call the number on the back of your card.
2. Purchase directly from Oura’s U.S. site – only hardware qualifies.
3. Pay with your Platinum Card – additional cardholders’ purchases also count, but the $200 limit is per account, not per person.
4. Check your statement – allow up to eight weeks for the credit to appear.

If you return or cancel the order, Amex may reverse the credit.

Who Gets the Most Value from the Oura Ring Credit?

• Frequent travelers: Oura helps track recovery and sleep quality across time zones, making it easier to manage jet lag.
• Active individuals: The readiness and recovery metrics give actionable insight into when to push or rest, beyond just counting steps.
• Lifestyle users: Even if you’re not training, Oura can help you understand stress, sleep debt, and overall wellness trends.

If you don’t care about health data or don’t see yourself wearing it consistently, this benefit might not add much value.

Cost Breakdown: Oura Ring with Amex Platinum

• Oura Ring retail: ~$299–$349, depending on which generation and model you buy
• Minus Amex Platinum credit: –$200
• Net cost: ~$99–$149 out-of-pocket for the hardware

Oura Ring Gen 3 can range from $199-$299, so the Amex Platinum credit would almost cover the cost of the ring.

The newer Oura Ring Gen 4 is slightly more expensive. 

Membership runs $5.99/month ($72/year). That means your first-year cost with Platinum can be $171–$221, depending on the ring model.
 

For comparison:

• Apple Watch starts at ~$399 and requires daily charging.
• Whoop is subscription-based (~$30/month).
   

With the Amex Platinum Oura Ring credit, Oura is one of the lowest effective-cost options for high-end health tracking.

Bottom Line

The Amex Platinum Oura Ring benefit is a strong addition if you’ve been considering health tracking. The up to  $200 credit meaningfully reduces the cost of entry, and Oura is widely regarded as one of the best tools for sleep tracking and recovery insights.
 

If you’ll actually use it, this credit turns into real value. If not, it’s just another reminder that the Platinum works best for people who consistently redeem its benefits.

Frequently Asked Questions

Does the Amex Platinum Oura Ring credit cover the monthly membership?

No. The credit only applies to eligible Oura Ring hardware purchased directly from ouraring.com. Membership, chargers, gift cards, and add-ons are excluded.

How much is the Amex Platinum Oura Ring credit worth?

You can get up to $200 back per calendar year, per Card Account, when you buy an Oura Ring directly from Oura’s U.S. website.

Do I need to enroll before using the Oura credit?

Yes. You must enroll in the benefit through your Amex account or by calling the number on the back of your card before making the purchase.

Can additional cardholders use the Oura Ring credit?

Yes, purchases from additional cardholders are eligible. However, the $200 credit limit applies per Card Account, not per user.

How long does it take for the Oura credit to show up?

Statement credits can take up to eight weeks after the purchase posts. If it hasn’t appeared after that time, contact Amex.

What happens if I return my Oura Ring?

If the purchase is refunded, cancelled, or returned, the credit may be reversed.