Amex Cardholders Can Now Send Money Via Venmo or PayPal for Free

amex send venmo paypal

Amex Cardholders Can Now Send Money Via Venmo or PayPal for Free

American Express is offering cardholders a new option to send money or pay friends. You can now use eligible consumer cards to send money to any other US Venmo or PayPal use using your American Express credit card, without the Venmo or PayPal transaction fee.

The new option is available with the latest app update. This doesn’t seem to be an option for business credit cards for now. You can initiate the transaction in the Venmo app for example and Amex Send shows up as one of the available payment methods. Money you receive can also be applied to an American Express credit card. The app update is being released now, so it might take a while for all cardholders to have the option to upgrade.

These purchases will not earn credit card rewards, and they shouldn’t count as cash advance since the card’s purchase APR will apply. The only benefit is that you can send money using your credit card, and then pay that credit card later on. It gives you a bit of a cash flow boost.

HT: r/amex

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