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Travel credit cards are offering several limited-time perks that make local spending more rewarding while we travel less frequently. One of the newest features is The Platinum Card® from American Express PayPal statement credit. This limited-time benefit is worth up to $180.
Monthly $30 PayPal Credit
There is no official mention of the monthly PayPal credit on the American Express Platinum website (yet). But the Amex PayPal FAQs page mentions the limited-time perk. The $30 monthly PayPal statement credit runs from January 1, 2021, to June 30, 2021.
New and existing Platinum cardholders can receive up to $30 in PayPal statement credits each month.
Learn more: Johnny Jet Recommended Credit Cards
Do Cardholders Have to Activate the Offer?
No activation is necessary and all eligible cardholders are automatically enrolled. American Express credits the first $30 in qualifying PayPal purchases during the offer period.
How to Earn the Platinum Card PayPal Credit
Cardholders simply have to pay with PayPal and use their linked Amex Platinum to complete the purchase. Amex will reimburse the first $30 in monthly PayPal purchases.
At the checkout screen for online stores, choose the “Pay with PayPal” button. Next, enter your PayPal account details. Then, select to pay with your Amex Platinum.
Despite the extra step, the $30 monthly credit can be worth the effort.
Do PayPal Purchases Earn Membership Rewards?
Qualifying purchases will earn Membership Rewards and PayPal credit. That’s up to 5x Membership Rewards plus $30 in statement credits. All qualifying PayPal purchases must be made in US dollars to receive the statement credit.
Many online merchants accept PayPal payments. One notable exception is Amazon.
Creating a PayPal account is free if you don’t have one already. After opening an account, you can link a bank account and credit card.
$20 Streaming Plan and Phone Credit Ends
The arrival of the $30 monthly Platinum Card PayPal credit can be an easy and convenient way to maximize online purchases. However, note that Amex is no longer offering the $20 monthly statement credit for select streaming plans and cell phone bills.
Other Amex Platinum Benefits
There are several other ongoing card benefits that are worth exploring as well as you map out your 2021 travel and spending plans.
- Earn 5x Membership Rewards on flights booked directly with airlines or on AmexTravel.com (up to $500,000 on purchases starting January 1, 2021)
- Earn 5x Membership Rewards on prepaid hotels on AmexTravel.com
- Non-bonus purchases earn 1x Membership Rewards
Cardholders can also get up to $200 in annual Uber rides and Uber Eats statement credits. There is also up to $200 annual air travel credits that cardholders can take advantage of. Airport lounge access and up to $100 in Saks Fifth Avenue statement credits ($50 semi-annually) are two other perks that cardholders may enjoy.
It’s also possible to save money by activating Amex Offers that let you earn bonus one-time statement credits. Learn more about all the other numerous perks and benefits of the card in our in-depth Platinum Card From American Express review.
Up to 125k Welcome Bonus
In addition to up to $180 in PayPal credits, new cardmembers can earn one of the Platinum Card’s highest ever welcome bonus offers. The current offer directly through American Express is 75,000 Membership Rewards by spending $5,000 in the first 6 months.
But trying for the Amex Platinum using the CardMatch™ tool lets select applicants qualify for a targeted welcome bonus. This exclusive offer is worth up to 125,000 Membership Rewards. But you must spend $5,000 in the first 3 months to earn this targeted offer.
Going directly through American Express can be better if you need the extra 3 months to meet the welcome offer spending requirements.
Most online stores and travel brands accept PayPal payments. The current Platinum Card PayPal perk is easy to maximize. You can get an extra $30 per month ($180 total) put back into your pocket.
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
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Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.