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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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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.