LaMn0.5Cu0.5O3 (LMC) as the parent perovskite and Pd- and Pt-doped LaMn0.5Cu0.5O3 catalysts (LMCPd and LMCPt) instead of Cu were synthesized in a new solid-state synthesis technique at a low temperature. Perovskite lattice formation of the LMC catalyst was successfully performed at 600 °C. All perovskites were investigated by X-ray diffraction, HRTEM, O2-TPD, H2-TPR, BET, and XPS analyses. The prepared perovskites were used as heterogeneous catalysts for CO oxidation and methane combustion reactions. The catalytic performance of the LMC catalyst was noticeably enhanced via Pd and Pt substitution instead of Cu. The enhancement in the mobility of lattice oxygen and specific surface area has triggered this catalytic performance improvement, which play an important role in CO oxidation and methane combustion. The Mn 2p and Mn 3s XPS spectra showed that by doping Pd and Pt in the LMC perovskite, Mn was affected in different states and the Mn 3s peaks were only observed in the LMCPt catalyst. XPS spectra of the LMCPd1 sample showed a high oxidation state of Pd3+ or Pd4+, from which it can be concluded that Pd was successfully incorporated into the LMC perovskite lattice. The H2-TPR profiles of the LMCPd and LMCPt perovskites revealed that the reduction peaks of Cu and Mn were shifted to lower temperatures by increasing Pd and Pt partial substitution due to the synergetic effect of the cation and the H2-spillover effect of palladium and platinum.