Amex Platinum Walmart+ Credit: How It Works, Benefits, and Annual Value

The American Express Platinum Card® includes a monthly Walmart+ membership credit. Cardmembers can receive up to $12.95 plus tax back each month when they charge a Walmart+ membership fee to their eligible Platinum Card.
 

You have to be on the monthly plan (not annual), and only one membership per account is covered. Plus Ups are not eligible. Over a full year, this adds up to $155 in annual value.

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.

What Is Walmart+?

Walmart+ is Walmart’s version of Amazon Prime, but with a stronger focus on grocery delivery and everyday essentials. The membership includes:

• Free shipping from Walmart.com with no order minimum
• Free grocery delivery from local Walmart stores ($35 minimum)
• Fuel discounts at Exxon, Mobil, Walmart, Murphy, and Sam’s Club stations
• Mobile “Scan & Go” checkout in participating stores
• Streaming with Paramount+ Essential is included at no extra cost
   

For anyone who shops at Walmart regularly, the program can easily pay for itself. And with the Platinum credit, the membership is essentially covered.

Streaming & Partner Benefits

The inclusion of Paramount+ Essential is one of the most underrated parts of Walmart+. It adds a streaming service valued at around $72 per year ($5.99/month), bundled at no extra cost. That’s access to shows like Star Trek: Strange New Worlds, movies from Paramount Pictures, and live CBS sports via the app.
 

On top of that, Walmart has experimented with other digital perks. For example, members have seen Peacock Premium promotions and early access to streaming bundles. These aren’t guaranteed ongoing benefits, but they show Walmart’s intent to position Walmart+ as more than just groceries.
 

For households that already pay for Paramount+, the Platinum-linked Walmart+ membership could save money simply by consolidating bills.

Everyday Value: Fuel, Delivery, and Shopping

Where Walmart+ shines compared to Amazon Prime is in fuel and grocery perks.

• Fuel savings: Discounts typically run $0.10–$0.30 per gallon. If you drive often and have access to participating stations, this perk alone can be worth $100+ a year.
• Grocery delivery: Free delivery ($35+ minimum) saves both time and transportation costs. For busy households, that’s significant convenience.
• Scan & Go checkout: Using the Walmart app, you can scan items as you shop and skip the register entirely. This is a time-saver if you live near a Walmart and shop in-store frequently.
   

When you add these up, Walmart+ becomes more than a free-shipping subscription. It’s positioned as a time and money saver for essentials, and with Amex covering the monthly fee, it’s low-risk to try.

Why This Credit Matters

The Walmart+ benefit might not sound flashy compared to hotel or airline credits, but it fills a different niche: everyday spending.

• Base value: $155 per year in Walmart+ credits.
• Streaming add-on: ~$72 per year in Paramount+ value.
• Fuel + delivery savings: Potentially $100+ annually, depending on usage.
   

That’s $300+ in potential value if you use even half the perks. For Platinum cardholders trying to offset the $895 annual fee, this credit helps bridge the gap between travel perks and everyday life.  Rates and fees.

Bottom Line

The Walmart+ credit on the American Express Platinum Card® is straightforward: enroll in monthly billing, charge the fee to your Platinum Card, and Amex will cover it.
 

If you shop at Walmart, drive regularly, or already pay for Paramount+, this credit is one of the easiest to maximize. And when stacked with hotel, dining, and lifestyle credits, it makes justifying the annual fee a lot easier.

Walmart+ Amex Platinum FAQ

Does the Amex Platinum Walmart+ credit cover the annual plan?

No. The credit only applies to monthly memberships. Switch before renewal if you’re on annual billing.

How much is the Walmart+ credit worth annually?

About $155 per year if you use it every month.

Do I need to enroll before using the credit?

Yes. Enrollment is required, and your Platinum Card must be on file as the payment method.

Can additional cardholders trigger the benefit?

Yes, but only one Walmart+ membership per account is credited each month.

Are Plus Ups like Walmart InHome or Business+ covered?

No. Only the base Walmart+ monthly membership qualifies.

What happens if I already pay annually?

Switch to monthly billing at least one day before your renewal date to start receiving credits.

Does Walmart+ include streaming?

Yes. Walmart+ members get Paramount+ Essential at no extra cost, and occasionally access to other partner streaming offers like Peacock Premium promotions.

How long until the credit posts?

Usually within a few days, though Amex says it can take up to 6–8 weeks.