Edited by: Keri Stooksbury
& Kellie Jez
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If you’re a cardmember of The Platinum Card® from American Express, you’re sure to have found value in the card’s ongoing statement credit benefits and its most recent offerings. Statement credits for specific purchases have included monthly credits for streaming purchases, Uber and Uber Eats, Saks Fifth Avenue, and more.
While statement credits are normally only worthwhile if you can utilize the specific benefits, the Amex Platinum card’s latest value proposition is a sure winner for every cardmember. Effective January 2021, Amex has added a $30 per month statement credit for PayPal purchases through June 2021.
Even if you’re currently not a PayPal user, setting up an account is simple and certainly worth the time and effort to do so, if only for this statement credit offer.
Let’s take a look at some ideas on how to use the offer, how to add your card to your PayPal account, and everything else you need to know to maximize the deal.
Hundreds of online retailers accept PayPal, so you won’t have any trouble utilizing the $30 monthly statement credit. Plus, there is no registration required — a PayPal purchase will trigger the credit.
Additional online merchants accepting PayPal include:
Prior to shopping, you must first add your Amex Platinum card to your PayPal account. Log in to your PayPal account and under the Money section, you will see the option to link your card to your PayPal Wallet.
Once you’ve visited the online merchant and chosen the items you’re going to purchase, you can select PayPal as your method of payment. You will then be taken to your PayPal account and can select the Amex Platinum card.
The purchase will code as a PayPal purchase and you will receive the $30 statement credit for purchases $30 or greater.
Let’s wrap up with some additional information that will help you understand the Amex PayPal statement credit benefit.
If you don’t already have the Amex Platinum card, it’s certainly a card to consider. Plus, you still have time to take advantage of the most recent statement credit offer if you apply early in 2021.
In addition to Amex statement credit offers, you may find valuable offers on your Amex Platinum card via Amex Offers. The latest offers have included $50 back on a $50 purchase at The Home Depot, $50 back on a $50 Home Chef purchase, and $30 back on a $30 Wine Insiders purchase.
Log in to your online Amex Platinum card account and scroll down the homepage to find up to 100 Amex Offers. Add the offers for which you’re interested to your card by clicking on the “add to card” button. You’ll receive a statement credit automatically, normally within a few days of when the affiliated purchase shows as a purchase on your account.
This statement credit offer will be easy for cardholders to use as so many merchants accept PayPal. Even if you don’t have a PayPal account, setting 1 up is free, simple, and certainly worth $180 (6 months x $30) if you get started in January.
For now, the PayPal statement credit is only for the consumer personal version of the Amex Platinum card, but Amex has been on a roll with statement credit offerings. It would be wise to keep an eye on your email for additional offers.
For rates and fees of The Platinum Card® from American Express, click here.
The Amex PayPal statement credit is valid from January 2021 through June 2021. You will receive up to $30 each calendar month for qualifying PayPal purchases.
You must first link your Amex Platinum card to your PayPal account, select PayPal when checking out with the merchant, and choose the Amex Platinum card as your preferred method of payment once you’re directed to your PayPal account.
You will receive a statement credit automatically.
No, you do not have to register to receive the $30 monthly statement credit for PayPal purchases. Be sure your Amex Platinum card is linked to your PayPal account prior to your purchase and you will automatically receive the credit once your qualifying purchase is complete.
The Amex $30 monthly PayPal credit is valid each calendar month from January 2021 through June 2021.
No. You can make multiple purchases to use the entire credit. If your purchase is more than $30 the amount over $30 will be charged to your Amex Platinum card.
The credit must be used in its entirety each month — it will not roll over to the next month.
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