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!
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Cash back
You'll receive 1% unlimited cash back when your purchase is completed as a credit transaction by phone, online, or in stores. Payments using a PIN or transactions that the merchant processes as PIN-less debit are not eligible for cash back. 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 will not be awarded and does not carry over to the next month.
We'll add the cashback to your balance in PayPal weekly. For details, please refer to the frequently asked questions and the Cardholder Agreement.
Yes
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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.
I can see a possible problem using to pay a mortgage. In the fine print it states that transactions between financial institutions are excluded. Esp if your mtg is held at a bank or other financial institution.
Anyone can confirm? Thanks
EXACTLY. Other debit cards simply don't have cashback. It's a great habit to get into to pay with money that you have and not relying on Daddy's money ( aka your credit card intuition's money). Sure, a credit card is nice for certain cashbacks (like Discover cards 5% towards Christmas time). Its up to your personal preference. I'm not someone that likes to have any debt and I don't want to carry any balances on a credit card.
Discover debit is 1% CB
EXACTLY. Other debit cards simply don't have cashback. It's a great habit to get into to pay with money that you have and not relying on Daddy's money ( aka your credit card intuition's money). Sure, a credit card is nice for certain cashbacks (like Discover cards 5% towards Christmas time). Its up to your personal preference. I'm not someone that likes to have any debt and I don't want to carry any balances on a credit card.
That's the only time I've dealt with fraudulent use of my Paypal Debit card. The funds were in my Paypal account at the time. Would they have handled it differently if the funds came out of my bank instead? I'm not sure. I'm sure a quick call to Paypal would answer these scenarios.
Anyone can confirm? Thanks
To my understanding, this would not earn me any cashback correct?
To my understanding, this would not earn me any cashback correct?
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Having worked in hospitality, it's honestly mind boggling how many people don't understand the difference between a credit card or debit card. A lot of Americans have poor financial understanding. It was always surprising to me that as a teenager, there were grown adults who would think their debit card was a credit card and also that many of those same people wouldn't have more than a $100 in their personal bank account. Really opened my eyes to how financially illiterate the average Joe can be.