Amex has teamed up with Venmo and PayPal to enhance the way you send money and split purchases with friends and family. Here’s how it works.By Michael Grace | American Express Credit Intel Freelance Contributor 4 Min Read | June 9, 2022 in Money
At-A-GlanceSend: Amex Card Members can send money to any other Venmo or PayPal user with the flexibility of American Express. There’s no standard credit card fee and you can do it right from the Amex app. Split: Card Members can also split purchases and get paid back directly to their Card as a statement credit, and they’ll be the ones to earn the rewards for the purchases. Can I Send Money Using My American Express Card?Yes! Eligible Card Members can use the American Express App to send money to any Venmo or PayPal user. First, you’ll need to enroll in Send & Split®, which can be found in the “Account” tab of the Amex App. You can then add money from your American Express Card to your “Amex Send® Account” and then send that money to Venmo or PayPal users of your choosing. Any balance loaded to your Send Account appears as a charge on your Credit Card and is subject to the APR of other purchases on your billing statement – in other words, it’s not treated as a cash advance, and you won’t have to pay cash advance fees. Split the Check and Get Paid Back as a Statement CreditCard Members can also seamlessly split their Amex Card purchases with other Venmo and PayPal users. When those users pay you back, you can choose to get paid back directly to your Card Account as a statement credit, or to your linked Venmo or PayPal account. The best part? You’ll get all the rewards you’d typically earn for the purchase – regardless of whether you earn Membership Rewards® Points, miles, hotel points, or cash back.
How to Send Money and Split Purchases with the American Express AppIt’s easy to get started:
The TakeawaySend & Split enhances the way you send money and split purchases with other Venmo and PayPal users, all in the American Express App. This feature makes it easy to settle up with friends and family for meals, trips, or whatever the shared expense may be – thanks to the flexibility offered by American Express. Michael Grace is a personal finance and technology freelance writer based in New York. All Credit Intel content is written by freelance authors and commissioned and paid for by American Express. The material made available for you on this website, Credit Intel, is for informational purposes only and is not intended to provide legal, tax or financial advice. If you have questions, please consult your own professional legal, tax and financial advisors. |