Paypal mastercard11/25/2023 ![]() ![]() The hassle of jumping through all the hoops to earn 2.5% as well as the potential interest lost by being required to keep money in a 0.25% APY checking against vs those that can earn over 3.0% APY does not seem to make this card worth it to me. Rewards are capped 1.5% cashback after spending $10,000, versus PayPal card's unlimited 2/3%, though this won't matter for most spenders.The checking account only earns 0.25% APY, a poor rate compared to many other checking accounts that offer over 3.00%+ APY including on larger balances. Must create checking account at Alliant while maintaining average daily balance of $1,000 or more and making one monthly deposit into account.Cannot earn more than 2.5% no 3% option where PayPal is accepted.First $10,000 per billing cycle gets 2.5% cashback, including where PayPal card can only earn 2%.Credit to) u/JigglyJello1ģ) Alliant Cashback Visa Signature Credit Card \on its own combined with the Citi Rewards+ Card, an effective 2.22% can be earned up to 100,000/points per year. Many redemption options must be made in larger denominations, such as $25, $50 or $100 at a time.Cannot earn more than 2%* no 3% option where PayPal is accepted.ThankYou points can potentially be redeemed for over $0.01/each for specific foreign airlines (+JetBlue) and specific hotels by exchanging ThankYou points for those airline/hotel points.Otherwise, this is the one of the only cards on this list I could potentially justify over it at this time depending on how much PayPal-eligible spending you do. If the PayPal card's $200 sign-up limited time bonus ever returns I don't really see any reason to choose this over it. However, statement credit is an option which wouldn't make this a major con. Cannot redeem cashback electronically into checking account unless you bank with Wells Fargo, must be taken as statement credit or paper check.Cannot earn more than 2% no 3% option where PayPal is accepted.This card earns a $200 bonus after spending $1,000 in the first 3 months.These are the only advantages/disadvantages that I see worth mentioning When comparing this card against the other available 2% cards, I don't see much reason to pick another one: 22% of all online transactions in the U.S. It seems like most places online accept it, and then the occasional in-person place (Valero gas stations, CVS, etc.) Even Walmart accepts it if you purchase your order online and pickup as opposed to using it in-store. The amount of places I've realized that accept PayPal for the 3% cashback rate since getting this card is pretty amazing. In reality, maintaining a PayPal account has been extremely easy in my experience. Issued by Synchrony Bank (not a fan of them, although in reality maybe it really doesn't matter) Samsung Pay and Google Pay both compatible No bonus offer ( there was a $200 bonus for spending $1000 in 3 months as a limited-time offer) Then, in 1-3 days, the PayPal balance can be transferred to your bank account electronically for free. ![]() This comparison also assumes the full statement balance is paid every month, on-time and doesn't take into account the difficulty/likelihood of card approval (though this varies by card/issuing bank).Ĭashback redeemable at any time, no matter the amountĬashback can be manually transferred to PayPal balance immediately. Always pay off your credit cards in full and on-time. This is not considering balance transfer/interest/APR rates as carrying a credit card balance is never recommended. I have this card and it is an excellent card for earning 2-3% on purchases that don't generally fall under bonus categories if your intention is cashback redemption a great "catch-all" card. The PayPal Cashback Mastercard is a no-fee Mastercard that earns 2% on all purchases, and 3% on purchases made through PayPal. Just wanted to make a post about a card I feel is overlooked with great potential. No promotion of illegal, fraudulent, or nefarious activities No self-promotional content with prior mod approval. No referrals in posts, comments, or private messages. PIN, Signature).Ĭapital One Upgrade Link - Check PC eligibility for your existing card List of credit card company phone numbersĬredit Card Tuneup or CreditIntro to help you find the right cardĮMV CVM Database - Find a card's Cardholder Verification Method list (e.g. Template for Card Recommendation Requests Suggestions, Ideas, and Feedback - Post your suggestions hereĬreditKarma - Uses TransUnion and EquifaxĬreditSesame - May use Transunion or Experian depending on service Official User Flairs Thread - Learn how to customize your user flair
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