Home Credit Cards Amex Reminder: Use Your Amex Platinum Card $30 PayPal Credit

Reminder: Use Your Amex Platinum Card $30 PayPal Credit

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The Platinum Card from American Express (review) comes with a not-insignificant $550 annual fee (rates & fees) but for the first six months of 2021, American Express is offering cardholders an easy-to-use PayPal credit to help them recoup some of that annual fee. This is your monthly reminder to make sure you use up that monthly credit before it’s too late.

The Platinum Card’s Monthly PayPal Credit

Here are the key things that you need to know:

  • The monthly credit is worth up to $30 per primary card account. Additional cards do not get their own separate credit but their spending will trigger the primary card’s credit if it qualifies.
  • The credit is available 1x/month between January and June 2021 (6 months)
  • This credit is only available to holders of the US consumer Platinum Card only
  • No registration is required
  • Holder of the Platinum Card should add their card to their PayPal accounts and then use it when paying via PayPal to trigger the credit.
  • In order to trigger the credit, all transactions must be:
    • Made in US Dollars
    • Made with US merchants
    • Made via a US PayPal account
  • Eligible purchases do not include fees or interest charges, purchases or reloading of prepaid cards, purchases of gift cards, person-to-person payments including those for goods and services, or purchases of other cash equivalents.

You can get more details on this statement credit from this FAQ page on which you’ll also find the full terms and conditions.

Quick Thoughts

How easily and effectively you used last year’s wireless and streaming credits will probably dictate how you feel about this year’s PayPal credit as although this credit is worth $10 less per month than the credits we saw in 2020, I actually prefer it.

While I made good use of last year’s streaming credit (courtesy of Apple loads) I didn’t manage to make great (economical) use of the wireless credit and that wasn’t ideal. With the $30 PayPal credit, I’m having a lot less trouble using it effectively – enough retailers and online sites now accept PayPal that it really isn’t a challenge to use the credit up.

In February I used my credit to part pay a bill for a subscription, last month I used the credit to partly offset an order of Illy Coffee capsules for my coffee machine, and this month is still a work progress – if I don’t have a genuine need to use the PayPal credit before the end of the month I’ll use it to top up a gift card account of some kind (e.g. my Coffee Bean balance). Once I’m back home in LA, I’ll probably pay Uber via PayPal and use up the credit that way.

Overall this is new PayPal credit is good news. The Platinum Card (review) currently offers up to $200/year in Uber credits, up to $90 in PayPal credits (from April onwards), $100/year in Saks 5th Avenue credits, and a $200/year Airline Fee credit so even if you can’t max out all of the Uber credit or all of the Airline Fee credit, there’s still scope to get a large portion of the annual fee back in the form of rebates. If that’s not enough to keep cardholders happy, there are also all the great Platinum Card Amex Offers that we saw loaded in the first week of January.

Having now used a couple of the great offers we saw introduce at the beginning of the year, 2021 continues to look set to be a year in which it should be relatively easy to make the Platinum Card pay for itself.

Bottom Line

If you have a US-issued consumer Platinum Card you should make sure that you associate it with your PayPal account (if you haven’t done so already) as the card is still offering a $30/month PayPal fee credit (through June). More importantly, right now you have a little over two days left to use up this month’s credit so make sure you don’t miss out!

The Excellent 6% Cash Back Card

The Blue Cash Preferred Card from American Express is one of the more rewarding cashback cards on the market with its market-leading rebate at U.S supermarkets, market-leading rebate on spending with streaming services, great cash back rates on select travel spending, and strong cash back at gas stations too. This card comes with a $95 annual fee which is currently waived in year 1 (rates & fees).

The Great Earning Rates

  • 6% cash back at U.S. supermarkets on up to $6,000 spending per year*
  • 6% cash back on select U.S. streaming subscriptions
  • 3% cash back on transit spending (e.g. taxis/Uber/Lyft, parking tolls, trains, buses)
  • 3% cash back at U.S. gas stations
  • 1% cash back on spending in all other categories

Click for more details on the Blue Cash Preferred Card from American Express

Regarding Comments

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser or any other advertiser. It is not the bank advertiser’s responsibility or any other advertiser’s responsibility to ensure all posts and/or questions are answered.


    • I don’t think you’re on your own – I think there’s been some kind of glitch with people’s transactions on/around 1 Feb as you’re not the first person I’ve seen report this issue from a transaction on that date. Have you called Amex?

  1. I called Amex on my charge Feb 1. Was basically told wait. Doubt I will ever get the $30 credit for that one. Oh well – not enough to worry about too much

  2. I like PayPal credits. But readers should know it isn’t working with all merchants who accept PayPal. I just tried to but a Southwest airlines ticket using PayPal to take advantage of this Amex offer, and the Southwest version of the PayPal screen doesn’t populate with the Amex card as an option, nor will it let you add that card. So I had to complete my purchase with another card, and will have to find another way to use the PayPal credit for March. (I did a little research, and found a discussion online that indicates several airlines that “take” PayPal limit the credit card options to exclude Amex. Frustrating.

    • Wow. Not only do you appear to be correct (I just tried it) but you also taught me something I didn’t know. Thank you!


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