i did the promotional offer as well i believe it was a targeted email campaign to bring back inactive users or users that don't use PayPal much. either way im in the same situation as you way way over 48 hours nothing credited to my account in the long term it feels like a flop of a promotion especially one targeted at inactive users only to dangle a "treat" or promotion in the face but not follow thru with it but it is real and it was only meant to draw back users whom may or may not been inactive hence the "receive an authorized invitation to participate in the offer" language in the terms of redeeming and the message after redeeming say you'd receive the credit after 24-48 hours would of been nice if they clarified things or at least sent a message out saying they ran out
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