American Express has launched a cashback deal with PayPal. It is effectively free money if you are targeted for the offer.
There seem to be two versions, one for personal cards and one for business cards.
On my Marriott Bonvoy American Express, I am offered £15 cashback on a £70 PayPal payment.
On my Business Platinum card I am offered £50 cashback on a £250 PayPal payment.
Both offers expire on 4th March. Registrations are limited so register now via your online Amex statement or the app if you are targetted.
It seems that the cashback will trigger irrespective of whether you are sending money to a friend or making a purchase from a retailer. The wording implies that you must hit the spend target in a single transaction.
It isn’t necessary to have a PayPal account to buy something using the PayPal option online. This is a common misconception. You can simply click ‘pay with PayPal’ and enter your card details directly.
Remember that goods purchased via PayPal do not qualify for Section 75 cover if the retailer goes bust or the product is not as you expect.
This doesn’t make any difference compared to paying directly with American Express business cards or charge cards as Section 75 does not cover those anyway. You are giving up coverage if you use PayPal rather than an American Express credit card. PayPal does have its own redress scheme but it is voluntary.
Remember to register now, if targeted, on the American Express website and complete your transaction by 4th March.