As we covered last week, 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.
Here are two things about the offer you may not know.
Cumulative spend counts
Despite the wording on the offer, it IS valid on cumulative spend.
I proved it myself. Here is a screenshot from my Marriott Bonvoy American Express showing £70 of spend across two transactions:
….. and here is the email Amex sent me after the 2nd one had gone through:
It works when you buy gift cards from PayPal’s gift card service
You may not know that PayPal has a dedicated website selling gift cards – you can find it here.
Look at my 2nd transaction above. You will see that it is from the gift card site.
I bought a £31 Netflix gift card, to tip me over £70. Netflix, if you pay for it, is a good choice here. You can add the credit very quickly via netflix.com, and it will automatically stop your direct debit or credit card payment whilst it works through the balance.
PayPal also sells Uber gift cards which is an easy option if you use that a lot. Apple App Store and Google Play cards are also available.
Netflix gift cards are emailed to you as codes so you don’t need to worry about anything going missing in the mail.
Hopefully these two tips will make it easier for you to trigger the cashback. You have until 4th March to do the £70 or £250 target spend.
Want to earn more points from credit cards? – November 2022 update
If you are looking to apply for a new credit card, here are our top recommendations based on the current sign-up bonuses.
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
You can see our full directory of all UK cards which earn airline or hotel points here. Here are the best of the other deals currently available.
British Airways American Express Premium Plus
25,000 Avios and the UK’s most valuable card perk – the 2-4-1 voucher Read our full review
American Express Preferred Rewards Gold
Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review
The Platinum Card from American Express
30,000 points and unbeatable travel benefits – for a fee Read our full review
Virgin Atlantic Reward+ Mastercard
15,000 points bonus and 1.5 points for every £1 you spend Read our full review
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 offers:
American Express Business Platinum
40,000 points sign-up bonus and a £200 Amex Travel credit every year Read our full review
American Express Business Gold
20,000 points sign-up bonus and free for a year Read our full review
British Airways Accelerating Business American Express
30,000 Avios sign-up bonus – plus annual bonuses of up to 30,000 Avios Read our full review
Capital On Tap Business Rewards Visa
10,500 points bonus – the most generous Avios Visa for a limited company Read our full review
For a non-American Express option, we also recommend the Barclaycard Select Cashback card for sole traders and small businesses. It is FREE and you receive 1% cashback on your spending.