Our 4-night stay at Magma Resort Santorini, The Unbound Collection by Hyatt, would have cost about $1,600. With the hotel credits on our two Amex Platinum cards, we paid about $300 out of pocket. Here's how the credit works, the perks we got and where else the card helped on our honeymoon.
How did the Amex Platinum cut our hotel bill?
Megan and I both have the American Express Platinum. Magma Resort Santorini, The Unbound Collection by Hyatt, is part of Amex Fine Hotels + Resorts, so we booked it prepaid through Amex Travel and used the hotel credits on both of our cards.
- Without Amex: about $400 a night in the off-season, or $1,600 for our 4 nights.
- What we paid: about $300 out of pocket in total.
The credit, per American Express: up to $300 in statement credits twice a year (January to June and July to December) on prepaid Fine Hotels + Resorts or The Hotel Collection bookings made through Amex Travel. Terms change, so check the current details before you book.
Get the Amex Platinum with our linkReferral link: we may earn a reward if you're approved
What did we get at Magma Resort?
- Free breakfast every day.
- A room upgrade to a room with a private hot tub.
- Unlimited spa access.
- The best latte of our whole Europe trip, for 5 euros.










Did the card help anywhere else?
Yes, with our rental car. We rented through Sixt for 167 euros (about $185) and skipped Sixt's expensive insurance, using the car rental coverage that comes with the Amex Platinum instead. It's secondary coverage for theft of and damage to the rental car when you pay with the card and decline the rental company's collision damage waiver. It doesn't cover liability, and some countries and vehicles are excluded, so read your benefit terms first.
Get the Amex Platinum with our linkReferral link: we may earn a reward if you're approved
No Amex Platinum?
Booking.com usually has the best rate for Magma Resort.
Check prices at Magma ResortAffiliate link
The card's annual fee and welcome offer change over time, so compare them on the American Express site against how much you travel. We're not financial advisors. This is simply what worked for us.
For the rest of our trip, from where we ate to the catamaran cruise, see our full Santorini travel guide and why we chose Fira over Oia.
FAQ
How much did you pay for Magma Resort Santorini with the Amex Platinum?
Our 4-night stay would have cost about $1,600 ($400 a night in the off-season). After our Amex Platinum hotel credits from both of our cards, we paid about $300 out of pocket in total.
How does the Amex Platinum hotel credit work?
According to American Express, the Platinum Card gives up to $300 in statement credits twice a year, January to June and July to December, on prepaid Fine Hotels + Resorts or The Hotel Collection bookings made through Amex Travel. Terms can change, so check the current details before you book.
Is Magma Resort Santorini part of Amex Fine Hotels + Resorts?
Yes. Magma Resort Santorini, The Unbound Collection by Hyatt, in Vourvoulos is listed in Amex Fine Hotels + Resorts.
What perks did you get at Magma Resort?
Free breakfast every day, an upgrade to a room with a private hot tub, unlimited spa access, and the best latte we had in Europe.
Does the Amex Platinum cover rental cars?
It includes secondary car rental coverage for theft of and damage to the rental car when you pay with the card and decline the rental company's collision damage waiver. It doesn't cover liability, and some countries and vehicles are excluded, so read the benefit terms.

