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Paypal Business Debit Card - 1.25% Cashback (No Limit) or $20 Cashback per $1,000 Spent (No Limit) - MUST ACTIVATE OFFER
Link: https://www.paypal.com/myaccount/...v2/summary
^^ That link should bring you to your Paypal Business Debit homepage. You should see the offer there.
Anyone with a Paypal Business Debit card can get some pretty sweet cashback rewards that you must activate in your Paypal account. Either unlimited 1.25% CB or $20 CB for every $1,000 spent (2% CB). Whatever offer you choose will pause your normal unlimited 1% CB until September 30th.
I'm guessing this is the most generous CB reward given for a debit card currently. Nice!
^^ That link should bring you to your Paypal Business Debit homepage. You should see the offer there.
Anyone with a Paypal Business Debit card can get some pretty sweet cashback rewards that you must activate in your Paypal account. Either unlimited 1.25% CB or $20 CB for every $1,000 spent (2% CB). Whatever offer you choose will pause your normal unlimited 1% CB until September 30th.
I'm guessing this is the most generous CB reward given for a debit card currently. Nice!
Created 07-05-2020
at 12:11 AM
by PocketsThick
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Community Wiki
Last Edited by PocketsThick
July 6, 2020
at
12:15 AM
Terms from Paypal for these 2 offers:
1. Cash back offer valid from July 2, 2020 through September 30, 2020. Valid only on a chip-enabled PayPal Business Debit Mastercard. Your account with PayPal must be in good standing through the reward deposit. $20 cash back will be earned when you make $1,000 in purchases with your PayPal Business Debit Mastercard. An additional $20 cash back will be earned for each subsequent $1,000 in purchases. For example, spend $1,000 earn $20. Spend $2,000 earn $40. Transactions that are not eligible for the cash back offer include, but are not limited to: purchase of cash equivalents including gift cards, travel checks, cash withdrawals, cash advances, and the cash-back portion of any point-of-sale purchase, reloadable cards and/or transactions with financial institutions. There is no cap on cash back earned based on required spend thresholds. Cash back will be added to the PayPal Business account or PayPal Cash Plus account associated with the PayPal Business Debit Card that completed the required purchase amounts within 30 days of achieving required purchase amounts. PayPal reserves the right to cancel, suspend, or modify this cash back offer in part or in its entirety at any time without notice, for any reason at its sole discretion.
2. 1.25% cash back on all purchases cash back offer valid from July 2, 2020 through September 30, 2020. Valid only on a chip-enabled PayPal Business Debit Mastercard. The PayPal account must be in good standing through the reward deposit. Transactions eligible for bonus cash back include: credit transactions which you sign for and which are processed by Mastercard; online transactions processed by Mastercard; purchases processed via a debit network (including PIN-less debit transactions); and phone transactions processed by Mastercard. Transactions that are not eligible for bonus cash back include, but are not limited to: purchase of cash equivalents including gift cards, travel checks, cash withdrawals, cash advances, and the cash-back portion of any point-of-sale purchase, reloadable cards and/or transactions with financial institutions. Bonus cash back will be added to the PayPal account associated with the PayPal Business Debit Card that completed the eligible transaction(s) within 30 days of qualifying purchase settlement. PayPal reserves the right to cancel, suspend, or modify this promotion in part or in its entirety at any time without notice, for any reason at its sole discretion.
3. Additional activation to receive this cash back offer is required. Please click to verify or complete activation of the cash back offer. You'll receive unlimited 1.0% cash back on eligible purchases when your PayPal Business Debit Mastercard purchase is completed as a credit transaction by phone, online, or in stores. Transactions eligible for bonus cash back include: credit transactions which you sign for and which are processed by Mastercard. Transactions that are not eligible for the cash back offer include but are not limited to: transactions processed as cash withdrawals, cash advances, or those using a PIN or transactions that the merchant processes as PIN-less debit. Additionally, you'll only receive cash back when your monthly earned cash back is at least $1.00. Cash back earned that's less than $1.00 that month will not be awarded and will not carry over to the next month. See Cardholder Agreement [paypal.com] for complete details.
4. Once a cash back offer is chosen, the standard 1.0% cash back benefit will be paused through September 30, 2020.
5. Must have or open a PayPal Business or PayPal Cash Plus account to qualify for the PayPal Business Debit Card and to maintain and use a balance with PayPal.
The PayPal Business Debit Mastercard is issued by The Bancorp Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted. The Bancorp Bank is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from PayPal.
1. Cash back offer valid from July 2, 2020 through September 30, 2020. Valid only on a chip-enabled PayPal Business Debit Mastercard. Your account with PayPal must be in good standing through the reward deposit. $20 cash back will be earned when you make $1,000 in purchases with your PayPal Business Debit Mastercard. An additional $20 cash back will be earned for each subsequent $1,000 in purchases. For example, spend $1,000 earn $20. Spend $2,000 earn $40. Transactions that are not eligible for the cash back offer include, but are not limited to: purchase of cash equivalents including gift cards, travel checks, cash withdrawals, cash advances, and the cash-back portion of any point-of-sale purchase, reloadable cards and/or transactions with financial institutions. There is no cap on cash back earned based on required spend thresholds. Cash back will be added to the PayPal Business account or PayPal Cash Plus account associated with the PayPal Business Debit Card that completed the required purchase amounts within 30 days of achieving required purchase amounts. PayPal reserves the right to cancel, suspend, or modify this cash back offer in part or in its entirety at any time without notice, for any reason at its sole discretion.
2. 1.25% cash back on all purchases cash back offer valid from July 2, 2020 through September 30, 2020. Valid only on a chip-enabled PayPal Business Debit Mastercard. The PayPal account must be in good standing through the reward deposit. Transactions eligible for bonus cash back include: credit transactions which you sign for and which are processed by Mastercard; online transactions processed by Mastercard; purchases processed via a debit network (including PIN-less debit transactions); and phone transactions processed by Mastercard. Transactions that are not eligible for bonus cash back include, but are not limited to: purchase of cash equivalents including gift cards, travel checks, cash withdrawals, cash advances, and the cash-back portion of any point-of-sale purchase, reloadable cards and/or transactions with financial institutions. Bonus cash back will be added to the PayPal account associated with the PayPal Business Debit Card that completed the eligible transaction(s) within 30 days of qualifying purchase settlement. PayPal reserves the right to cancel, suspend, or modify this promotion in part or in its entirety at any time without notice, for any reason at its sole discretion.
3. Additional activation to receive this cash back offer is required. Please click to verify or complete activation of the cash back offer. You'll receive unlimited 1.0% cash back on eligible purchases when your PayPal Business Debit Mastercard purchase is completed as a credit transaction by phone, online, or in stores. Transactions eligible for bonus cash back include: credit transactions which you sign for and which are processed by Mastercard. Transactions that are not eligible for the cash back offer include but are not limited to: transactions processed as cash withdrawals, cash advances, or those using a PIN or transactions that the merchant processes as PIN-less debit. Additionally, you'll only receive cash back when your monthly earned cash back is at least $1.00. Cash back earned that's less than $1.00 that month will not be awarded and will not carry over to the next month. See Cardholder Agreement [paypal.com] for complete details.
4. Once a cash back offer is chosen, the standard 1.0% cash back benefit will be paused through September 30, 2020.
5. Must have or open a PayPal Business or PayPal Cash Plus account to qualify for the PayPal Business Debit Card and to maintain and use a balance with PayPal.
The PayPal Business Debit Mastercard is issued by The Bancorp Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted. The Bancorp Bank is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from PayPal.
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Yes noted always hit credit so it doesn't go via the debit option.
Perhaps use Paypal to pay down another card's spending?
Samsung pay cashback
Got it, just confirming the math. Interesting way of making you choose between the 2 options, I read the cashback is paid weekly too, so it looks like check your running spend total from the first day of each week to the last and ensure you're spending into the next $1000 and not just under to make the most of the $20 per $1000 option!
1. is their offer of the cashback is valid till September 2020 only?
2. is it possible to pay mortgage with this card?
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For instance, my June Ebay bill is over $6,000. I'm going to pay for my Ebay bill with this card (I activated the $20 per $1,000) and I'll get $120 back just for paying my Ebay bill. Not bad! I've used this card in the past to collect 1% CB by paying my ebay bill, so I know that works. I had to pay my bill anyways. I'm just getting free money back by doing it.
Everyone knows the difference between cc and debit cards. Many just don't see a reason for this over the cc. Only usage I would see is paying off mortgage but is that even allowed with a simple debit card without an actual bank routing and acc number? You can't pay car payments with just a debit card either. I'm just trying hard to find a reason for this use so I can decide whether to get it or not. Now if you tell me we get a routing and acc number with this somehow, that might change things...but you dont right?
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It costs nothing to get it or maintain it, no fees. You can get cashback with it since bank debit cards don't have offer any.
If you have lots of cash going into your account it provides easy access to using that money. I understand a CC has much better return most times. They also have interest if not paid off and other fees perhaps and a credit check. Since this has none of those it might be an option.