Amex adding new Platinum cardholder perk: $30 monthly PayPal credit

Jan 2, 2021

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December 31 marked the end of a lot of things — including the monthly Platinum Card® from American Express up to $20 streaming and mobile statement credits that were implemented earlier in 2020 as temporary perks for Platinum cardholders during the pandemic.

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While we would have liked to see those monthly credits extend into 2021 as many of us are still at home and not yet again using the Platinum card’s travel-heavy perks, it appears that there may be a new exciting benefit coming for Amex Platinum and Centurion cardholders in 2021.

Related: 6 Amex Platinum benefits you can use from home

As reported by Doctor of Credit, it appears that those with a Platinum credit card may have a monthly up to $30 PayPal credit available to them from Jan. 1 – June 30, 2021.

While we have not yet had this new benefit confirmed by American Express, the offer landing page indicates that no registration is required. Cardholders just need to pay with their American Express Platinum card at checkout with PayPal to use the $30 credit each month. The landing page also states that authorized users are eligible to use the credit (up to the $30 monthly total). The offer also states that only transactions made in U.S. dollars at U.S. merchants with a U.S. PayPal account are eligible.

While it is very easy to simply check out via PayPal at thousands of online retailers (such as Target, Walmart, Home Depot, Walgreens and many more) and pay via PayPal with your Amex Platinum card, the terms for this offer do flag that person to person payments are not eligible for statement credits. Additionally, gift card purchases or prepaid card reloads are also flagged as being non-eligible for the $30 monthly statement credit.

Checkout with PayPal at Walmart.com (Screenshot courtesy of Walmart.com)

This $30 monthly credit by itself is less than the cumulative $40 in monthly streaming and mobile credits available for much of the pandemic to Platinum cardholders, but it is an innovative and easy-to-use credit that we’re excited to see.

Featured image courtesy of MStudioImages/Getty Images

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