Net-a-Porter Centurion Benefit Dropped: What It Means

As of January 1, 2026, the Net-a-Porter and Mr Porter shopping credit for Centurion cardholders is history. American Express ended the partnership at the close of 2025 and introduced a credit at Lodenfrey instead.

I don't want to sound ungrateful. A credit is a credit. But anyone who knows both offerings understands: this is not an equivalent replacement.

What We Lost

Net-a-Porter and Mr Porter were not ordinary online shops. They were the best destination on the internet for high-end fashion, curated, with a selection you simply can't find anywhere else. Over 800 designers, from established houses to emerging labels, plus outstanding customer service and logistics that are second to none.

The shopping credit was split: one portion for Net-a-Porter, one for Mr Porter. You could apply it to the entire assortment, with no restrictions on specific brands or categories. Whether a pair of sneakers, a belt, or a shirt: the credit just worked.

For me, this was one of the benefits I actually used regularly. Not because I had to, but because the selection simply delivered. There was always something that fit.

What We Got Instead

Lodenfrey. A Munich-based fashion house with a long tradition and a solid assortment, but ultimately a single store with a fraction of the selection.

The details: 100 euros in credit per year, split into two installments of 50 euros per half-year. Redeemable in the online shop or at the store in Munich. One-time registration required, payment with the Amex card.

On paper, 100 euros is actually more than before. In practice, it's a downgrade for several reasons.

Why This Is a Bad Trade

Selection. Net-a-Porter carries over 800 designers worldwide. Lodenfrey carries a solid but significantly smaller selection with a focus on the German and Alpine market. If you're looking for Rick Owens, Bottega Veneta, or Lemaire, you won't find them at Lodenfrey.

Target audience. Net-a-Porter and Mr Porter were international. Whether you were in Berlin, Dubai, or Lisbon, you could order. Lodenfrey is primarily German, and the brick-and-mortar store is limited to Munich. For all Centurion holders who don't live in Munich or visit regularly, only the online shop remains.

Positioning. The Centurion Card positions itself as a global card for an international audience. A partnership with a single Munich fashion house doesn't match that ambition. It feels provincial, and I say that without any disrespect toward Lodenfrey. In a different context, it would be a nice benefit. In the context of the Centurion Card, it feels like a step backward.

Practicality. With Net-a-Porter, it was simple: open the shop, find something, redeem the credit. With Lodenfrey, you need a separate registration, the selection is more limited, and the likelihood of finding something that fits at a 50-euro price point is lower.

The Bigger Picture

The Net-a-Porter credit joins a series of dropped benefits. Emirates Gold Status in July 2024, now Net-a-Porter and Mr Porter at the end of 2025. Piece by piece, the benefits that made the Centurion Card tangibly and regularly useful are being thinned out.

The core benefits, including the Concierge, Events, and Fine Hotels & Resorts, remain strong. But it's the smaller, recurring credits and status perks that are noticeable in daily life. And those are the ones being cut, one by one.

American Express will argue that Lodenfrey enhances the partnership and that the amount is even higher. Purely by the numbers, that's true. But credit card benefits aren't accounting. They're experiences. And the experience of shopping at Net-a-Porter or Mr Porter was simply better.

My Advice

If you still have open credit at Net-a-Porter or Mr Porter: use it. It's over.

And if you want to give Lodenfrey a chance: the online shop does have good items, especially in outerwear and shoes. But go in without expectations built on its predecessor. It's a different offering. Not a bad one, but a different one.