The Offer
Paypal has been sending out an email offer on their Business debit card as they encourage people to upgrade to the new chip card:
- Get $10 cashback on any purchase of $50 or more. Max $30 in cashback from this offer.
The Fine Print
- Valid through August 15, 2018
- Only valid for recipients of the offer via mail or email
Our Verdict
Lots of people have mentioned this, finally got around to posting this now. It’s obviously an easy offer to take advantage of. Beyond the initial 3 x $50 spend, there’s not much reason to use the card for ordinary purchases since the PPBDC only earns 1% back on purchases. It does not earn anything on PIN-based purchases, so only really makes sense to use it for non-PIN purchases which don’t allow credit card, e.g. it might be possible to use to pay taxes at the lower debit card fee.
Hat tip to readers Anthony and Alan
The interesting thing is if you have a paypal business debit card that earns 1% back, you can use a paypal cashback credit card as your backup funding source. this means you can effectively get 3% back on everything where you push funds through the paypal business debit card.
Of course you have to spend at least $100 a month on the paypal debit card to get anything out of it (the cash back do not roll over) so you have to spend $100 a month to get 3% back. Otherwise you just get 2% back.
I haven’t found any other way to get 3% back on everything without getting something like a discover it miles card where even then the 3% back promotional period ends after a year.
Just a warning, Walmart and some other retailers code transactions as a PIN based debit, even when you don’t use a pin. So, transactions at Walmart will not count towards the bonus, since they have to be signature transactions.
You can get 3% total back by using Paypal Business Debit and their 2% cashback credit card. Paypal allows you to set your 2% cashback credit card as the backup for your Business Debit. So when you use the debit card for credit transactions (don’t use your PIN) you get the 1% from the debit card and the 2% from the credit card. I’ve been doing this for the past few months and it works like a charm. Even if you use it somewhere where they make you do a debit you will still get the 2% from the credit card. MyFICO has a post about it https://ficoforums.myfico.com/t5/Credit-Cards/Earn-3-on-everything-using-one-card-LONG-UPDATE/td-p/5173215
Do you work at paypal? Otherwise, why are you trying to kill this?
The fact you are posting this here is a clear signal this 3% back will end soon. Just look at the history of any such benefit.
Those rats automatically upgraded my card without asking me
Same
Same here lol
Never use the card and was targeted a few weeks ago. Thanks for the reminder!
I’m loading it with BB/Serve so don’t think I will ever be targeted
Online or at Walmart?
just an FYI i still haven’t got the $10 after spending $150 twice this was last week.
I asked about my money ($10) and they said I was going to get $30 in the middle of August (2018). So, maybe in a few weeks!
Oh cool thanks.