American Express has expanded its travel rewards platform by integrating over 1 million Airbnb listings, allowing cardholders to book stays through Amex Travel and earn membership rewards. This addition complements its existing hotel offerings, which include more than 3,400 properties via Fine Hotels + Resorts and The Hotel Collection. While cardmembers can earn points on Airbnb bookings, redemption of points for Airbnb stays is not yet available. Additionally, Platinum cardholders can now use their $600 annual lodging credit on Airbnb Luxe properties, along with a new $250 statement credit for eligible Airbnb Experiences booked after Luxe stays.

This move marks a strategic effort by American Express to enhance its premium card benefits amid rising competition in the credit card market. Customers with consumer or business Platinum cards earn five times the usual membership rewards on prepaid Airbnb bookings made through the Amex travel portal. Other card tiers also see increased points earnings, such as the Consumer Classic Green Card, which offers three times the points on travel bookings through third-party sites, including Airbnb. Other eligible rewards members receive double points on Airbnb bookings.

American Express has been significantly investing to attract high-value customers by increasing card perks, highlighted by a rise in the Platinum card’s annual fee to $895 last year. Alongside enhanced travel rewards, Amex is focusing on exclusive airport lounge expansions and partnerships, including the largest Centurion Lounge at Newark Liberty International Airport and new locations at London Heathrow. These enhancements contribute to making the Amex Platinum card more appealing to frequent and luxury travelers.

The partnership comes at a time when many Americans continue to prioritize travel and luxury experiences despite rising costs for airfare, gas, and hotels. A recent study found that over half of Americans did not alter their summer travel plans in response to price increases. By adding Airbnb to its travel platform, American Express aims to offer greater flexibility and value to its cardholders, enticing them to explore more diverse accommodation options while earning substantial rewards.