Amex Platinum Adds NEW $180 Credit – The Credit Shifu

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Hey credit warriors, credit shifu here, now American Express has done a lot to hang on to cardholders and lure in new customers, despite the current unique situation across the world. In 2020 they added a monthly $20 cellphone credit and $20 streaming credit to the Amex Platinum, since most people were unable to make use of their travel credit to claw back some of the card’s hefty $550 annual fee.

Those monthly credits are now finished, along with the year 2020. But Amex is adding a new temporary credit to the Amex Platinum for the year 2021 and that would be the PayPal credit. Yep you heard that right, they will reimburse you for purchases made through paypal, which includes a huge number of options because a lot of merchants accept paypal. Now on a side note, this wont include PayPal key, because remember PayPal key will stop accepting American Express as of January 4th. And maybe that was something that Amex and Paypal worked out together, you stop accepting Amex for PayPal key, we don’t like it, people are abusing it and we will provide a PayPal credit for Platinum members that will drive business your way, I don’t know.

Anyway, let’s get into the details of this credit:

$30 per month
Valid Jan 1st 2021 to June 30th 2021
Total: $180
Personal Platinum Only
No registration
Not valid for person to person payments, reloading pre-paid cards or purchase of gift cards

So this means there are now quite a lot of credits that Amex Platinum card members will get in 2021. Let’s take a look at them all:

$200 airline credit
$200 Uber credit ($15 per month, $35 in Dec)
$100 Saks Credit ($50 per 6 months)
$180 PayPal Credit ($30 per month)

TOTAL: $680

Some cardmembers have a $200 Amex Travel credit as well, but the ones I just mentioned are the ones that are guaranteed. Also if you have been thinking about getting the Platinum, don’t forget they have a pretty amazing welcome offer right now, 75k points for spending $5000 in the first 6 months, and 10 points per dollar on gas and supermarket purchases on up to $15,000 in spending in the first 6 months as well, so if you are interested in that, click the link below to learn more.

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NOTE: The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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47 comments

Steven A January 2, 2021 - 6:58 pm

Do these credits roll over?

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Riley Holmes January 2, 2021 - 7:02 pm

Headed to Disney World in April, would love to use this on Disney Gift Cards… Anyone know of a way to do this and trigger the credit?

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Tri Nguyen January 2, 2021 - 7:06 pm

Do anyone know if this is on all personal Amex platinum like Charles Schwab and other co branded cards or just the vanilla card?

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Johnny Day January 2, 2021 - 7:12 pm

Can I purchase bitcoin with this credit?

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Esteban Otero January 2, 2021 - 7:14 pm

Buy $30 of bitcoin a month? 🤔

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Amari Grant January 2, 2021 - 7:16 pm

The platinum has been adding a crap load of temporary credits (6months typically) in order to attract applicants…but honestly (in my opinion) not worth anyone signing up for a “keeper card” based on temporary advantages

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dmango January 2, 2021 - 7:22 pm

Thank you for the great summary

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Zion M January 2, 2021 - 7:34 pm

Just got the Platinum with 100k bonus today.

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Terence Williams January 2, 2021 - 8:00 pm

For you Chic Fil A lovers such as myself they accept PayPal through their app. That could amount to a few free meals for the month.

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Zachary Raper January 2, 2021 - 8:14 pm

Definitely excited but not sure how to use the PayPal credit yet. Gonna look into it now!

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Michael Soto January 2, 2021 - 8:19 pm

Comment 4 the algorithm. Thanks for all you do

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weerobot January 2, 2021 - 8:47 pm

😯

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jdmcc January 2, 2021 - 9:14 pm

You need a faded buzz cut, back and sides 😉

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Sixty_one _60 January 2, 2021 - 9:15 pm

I use PayPal a lot for my business when it comes to shipping via Ebay. That will be nice if they give a credit for purchasing shipping labels.

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Mondragon Reports January 2, 2021 - 9:20 pm

The CSR is looking really weak right now…

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vince taylor January 2, 2021 - 9:28 pm

amex sucks the yearly fee heavily out ways the benefits

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Jon C January 2, 2021 - 9:47 pm

Welcome home Shifu!

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Jacob Snedaker January 2, 2021 - 9:54 pm

They also have a targeted bonus offer for 100,000 Points, I've gotten it a couple of times but haven't committed myself to whether or not I want a card with an annual fee

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Masato Nakajima January 2, 2021 - 11:19 pm

This credit is available for current cardholders or only for new customers?

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michael shay January 2, 2021 - 11:27 pm

useless credits

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Chuck Bucks January 2, 2021 - 11:35 pm

Any truth to the rumor about adding a 200 dollar credit for strip clubs?

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I don't want a channel I'm just commenting January 2, 2021 - 11:52 pm

Lol. The origins, or at least a cameo of the shifu…
https://youtu.be/XF-LZsF8HSE

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Phillip Jeffrey January 3, 2021 - 12:42 am

Credit Shifu! I didn't see this anywhere in my offers or benefits on the AmEx website but called to confirm and it's true! I would never have known about this promo if you didn't tell me – thanks so much 🤍

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Following Maria - Travel Hacking January 3, 2021 - 1:14 am

I just bought something on PayPal..yesterday..on another card. Dang it!

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Charlie Harrelson January 3, 2021 - 3:53 am

Might sound like a stupid question, but I’m curious and can’t figure out a really straight answer, can you hold both the AMEX Gold and Platinum cards at the same time?

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Conor N January 3, 2021 - 4:04 am

The airline fee credit is junk and very beneath AMEX.

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Taka Mieda January 3, 2021 - 5:09 am

I just wondered if I use PayPal through eBay, do you think it would be person to person transaction? Or should I call AMEX representative to find out?

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Studmuffin January 3, 2021 - 8:14 am

Ben Hedges are you a Republican working for NTD? I find it contradictory that People bashing the Chinese are married to Chinese women and support Trump and the Republican party who (Claim) to be "anti-China".

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ThatsJezuz January 3, 2021 - 8:55 am

I like how this video came out after I applied for my card. :’ ]

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383stroker January 3, 2021 - 2:44 pm

China virus

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Victor Rivas January 3, 2021 - 3:37 pm

I live in Lake Tahoe California and it’s super difficult for me to use the Uber credit 🙁
I used PayPal a couple of times only to pay, maybe I will have to try using it more often.

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FANG January 3, 2021 - 6:20 pm

Money shifting

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SolidLiquidFox January 3, 2021 - 9:42 pm

Shifu with the "I know where I buried the bodies" thumbnail

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Presley January 3, 2021 - 11:39 pm

Wish we got these benefits in the U.K.

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Fee January 4, 2021 - 6:54 pm

What’s a good virtual card service ??

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Fee January 4, 2021 - 6:55 pm

I hate the x$ per month thing. I would much rather be able to apply it to a tv purchase or something

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Tp681 January 5, 2021 - 12:00 am

I just tried it with Paypal pay in 4 (to be able to buy a larger item) Hope it works.

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Valentin DeLeon January 5, 2021 - 4:53 am

Great video Shifu. Maybe add the $200 everyone seems to be getting at Home Depot and Best Buy

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Mark Reese // Credit & Finance January 6, 2021 - 6:14 am

Amex has been doing great things these past few months 😄🙌

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cybern9ne January 6, 2021 - 8:50 pm

Amex has been hacked. Information posted freely on a hacker's forum.

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pantsuck11 January 7, 2021 - 6:40 am

$30 on onlyfans😏

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Ramiro Sandoval January 7, 2021 - 5:47 pm

I have had an AMEX Blue for 3 years. What should I do to upgrade it to a Green at least? Its the only card I wasn't offered an upgrade.

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Blitz3O2 January 10, 2021 - 1:05 am

Amex is still trash

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Lucas Lee January 12, 2021 - 4:00 am

Are these credits and new amex plat benefits available on the schwab version? I dont see any changes on their website.

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Zeus 0886 January 16, 2021 - 5:19 am

Dont use apple pay when buying on best buy online. You wont get the $50 credit. I didn’t read the terms and conditions and it states wont work using electronic wallet.

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Christopher Blanco January 27, 2021 - 10:44 pm

Can anyone help me with this? Im a college student that doesn't make a lot of money but I am very interested in the sign up bonus of 100k points and 10x points at grocery stores. Is it work applying for the first year and spending the $550? Thank you!

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Bryan.G February 11, 2021 - 3:13 am

Anyone having issues with the credit posting? January credit posted within a day or two. Feb, it's been a than a week, nothing!

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