Originally Posted by
jamesteroh
I wish they would just do a general streaming credit for any service but I bet AmEx is getting a kickback/discount with the partners you can use it on. Sirius is the only one I really care about anyway. I have Hulu and Peacock added just because the credit makes them free but rarely watch those two channels and would rather be able to use it on Netflix or broadwayHD
You don't have to bet, these are absolutely vendor/partner funded credits. That is how the model works. Amex literally couldn't stay in business if they were charging $695 for the card and then self funding all the coupons in the coupon book.
You likely won't see this credit apply to Netflix because given their scale and growth they really don't need to pay Amex to get subscribers. I mean, my guess is that you are already paying for Netflix, right? If yes, why would Netflix pay Amex in order to get you to pay them, when you already are paying them?
Regards