Originally Posted by
scubadu
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
I've long worried about the durability / sustainability of all of these credits. Frankly I thought the Uber credits would all be gone by now. I also wonder when credits like Equinox, Walmart, etc go away. At some point, Disney/NBC will want to make money on their streaming services, so maybe those credits go away too. But it's been a couple of years already, and they have actually enhanced a lot of these credits, so who knows