Get up to £50 American Express cashback with PayPal

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.

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Want to earn more points from credit cards? – April 2021 update

If you are looking to apply for a new credit or charge card, here are our April 2021 recommendations based on the current sign-up bonus. 

You can see our full directory of all UK cards which earn airline or hotel points here. Here are the other top current deals:

Earning miles and points from small business cards

If you are a sole trader or run a small company, you may also want to check out these:

Disclaimer: Head for Points is a journalistic website. Nothing here should be construed as financial advice, and it is your own responsibility to ensure that any product is right for your circumstances. Recommendations are based primarily on the ability to earn miles and points and do not consider interest rates, service levels or any impact on your credit history.  By recommending credit cards on this site, I am – technically – acting as a credit broker.  Robert Burgess, trading as Head for Points, is regulated and authorised by the Financial Conduct Authority to act as a credit broker.