American Express Platinum Card US$30 PayPal Credit – Last Call For March Allowance!


American Express in the U.S. has been rather generous with various credits for their Platinum card holders and until the end of June members can make use of US$30 PayPal credit per calendar month.

With the end of March fast approaching eligible cardholders have a few more days to make a PayPal transaction with U.S. based merchants in order to withdraw their $30 allowance.

The Platinum Card which comes with a US$550 annual fee (rumored to go up to ~ US$700 sometime mid year) has lost a lot of it’s appeal during the pandemic as the Platinum is widely regarded as a travel card.

Cardholders earn 5x on airfare purchases and prepaid Amex Travel hotels but beyond that the earning rate pales in comparison to other Amex cards with much lower annual fee such as the Gold and even the Green card. The Centurion Lounge access and Priority Pass also lost it’s allure with decimated travel options as did the $200 airline credit. So why do people keep this card?

The short answer is: Many don’t but In order to keep people from cancelling their cards Amex has given both generous retention offers but also ongoing credits to members in order to mitigate the fee.

Last year Amex offered monthly credits for streaming and cellphone services, this year from January to June it’s a monthly $30 credit for purchases on PayPal that count per calendar month.

You can access American Express page for this campaign here.

American Express Basic U.S. Consumer Platinum Card Members are eligible to receive these statement credits.

No enrollment is required through American Express. Simply add your Platinum Card to your PayPal account and select your Platinum Card when you checkout with PayPal.

There is no minimum spend required. You can take advantage of the monthly PayPal credit in more than one purchase. For example, if you make a purchase of less than $30, then you will receive a statement credit for the amount that you spent. If you decide to make additional purchases in the same month, you’ll receive additional statement credit(s) until you’ve reached a total amount of $30.

All transactions must be made in USD at U.S. merchants with a U.S. PayPal account.

Person to Person payments are not eligible for statement credits. This includes payments made to friends and family or directly to merchants for goods and services via the PayPal app. …

Purchases of gift cards are officially excluded but some people have reported success purchasing them and getting reimbursed. Given Amex history of credit clawbacks there is of course no guarantee that it will stik but so far it looks ok.

Paypal also has a landing page for the promotion (see here).

Bottom line is that Amex will likely offer these credits for as long as the effects of the pandemic continue to diminish the value of the core card benefits which are no doubt travel centered. Hopefully this situation normalizes again sometime soon and we can finally get back on the road and in the air.

This year (2021) alone Amex special credits would be $180 worth of cash and that’s a term I don’t use lightly but in this case I’m convinced pretty much anyone can find a way to pay daily expenses of some sort with Paypal.


Amex offers Platinum cardholders $30 for purchases with PayPal until June 30th and these credits will be calculated based on the calendar month when the transaction was made. I suggest to not wait until the last day of the month to run the purchase although it won’t really make a difference but you might run into trouble like myself when I found that Expedia where I was planning on booking a flight doesn’t actually accept PayPal.

I ended up charging my Starbucks card which resulted in a credit back to my Amex account because it was the only logical thing for me to do considering it was last day of the month and I’m not in the U.S. at the moment. The next month I was a bit earlier and put more thought to it.

These are the Terms & Conditions for this promotion:

Through June 30, 2021 you can earn up to $30 in statement credits each month when you use your Platinum Card® or Centurion® Card for transactions made with PayPal at eligible merchants. Valid only for purchases made in U.S. Dollars using U.S. PayPal accounts. PayPal accounts associated with any non-U.S. country are ineligible. Purchases made by both the Basic Card Member and Additional Card Members on the Card Account are eligible for the offer. However, the statement credits will be applied to the Basic Platinum Card® or Basic Centurion® Card account only and the total amount of statement credits will not exceed $30 per month.  No enrollment required. To make a purchase with PayPal, enter your Platinum Card® details into your PayPal account and select PayPal at checkout. Eligible purchases do not include fees or interest charges, purchases or reloading of prepaid cards, purchases of gift cards, person-to-person/P2P payments including those for goods and services, or purchases of other cash equivalents. If American Express does not receive information that identifies your transaction as eligible for the offer, you will not receive the statement credit. For example, your transaction will not be eligible if it is not made with your PayPal account, or if your transaction was not made directly with your eligible American Express card that is linked to PayPal. This includes but is not limited to payments made online at checkout without selecting “PayPal”. Please allow up to 12 weeks after the eligible purchases are charged to your Card Account for statement credit(s) to be posted to the Card Account. Please call the number on the back of the Card if statement credits have not posted after 12 weeks from the date of purchase. American Express relies on PayPal to process transactions within the same calendar month that you made the purchase in order to apply the corresponding monthly statement credit in the month that it was intended. For example, if you make an eligible purchase on the last day of the month, but PayPal doesn’t process that transaction until the next day, the transaction date will reflect the next day’s date and the statement credit would be applied in the following month. To be eligible for this offer, your Card Account must not be canceled or past due at the time of statement credit fulfillment. Statement credits may be reversed if the eligible purchase is returned. Additionally, if American Express determines that you have engaged in abuse, misuse, or gaming in connection with the offer in any way or that you intend to do so, we may not credit the offer to, we may freeze the offer credited to, or we may take away the offer from your Account. If a charge for an eligible purchase is included in a Pay Overtime balance on your Card Account, the statement credit associated with that charge may not be applied to that Pay Overtime balance.  Instead, the statement credit may be applied to your Pay In Full balance. For additional information, call the number on the back of your Card.

1American Express Membership Rewards points may be available as part of PayPal’s Pay with Rewards on eligible credit cards on eligible purchases or donations to support a charitable cause with PayPal Giving Fund. To learn more about PayPal Pay with Rewards, see terms and conditions. All reward redemptions are subject to the Terms and Conditions for the American Express Membership Rewards® program. Visit for more information. Participating merchants and available rewards are subject to change without notice. The value of Membership Rewards points varies according to how you choose to use them. Please visit from to learn more.

2Third-party merchant offers are subject to additional terms. See merchants’ websites for more information. All offers are subject to change at any time without notice. PayPal does not endorse, recommend, warrant or take responsibility for the products offered or for resulting order fulfillment or customer service.