PayPal has sent out an e-mail to PayPal Cashback Mastercard cardholders informing them of the following change:
Starting on August 1, 2024, Eligible Purchases made using your card but not through PayPal checkout will now earn unlimited 1.5% cash back.
The good news is that Eligible Purchases made when you check out with PayPal will always earn unlimited 3% cash back. Plus, you’ll still earn additional cash back by saving offers in the app and on PayPal.com before you shop.
This card used to earn 2% on all purchases and 3% when checking out with PayPal. Only really annoying for people that don’t have another card that earns 2% cash back on all purchases.
DP: somehow managed to avoid a hard pull. The web page asked me to upload documents (drivers license, utility bill, W2, etc.) for verification purposes. Hours later it was approved. I assume the approval was manual, but there was no hard pull. I’m now getting alerts from credit monitoring saying a new line of credit was opened, so I definitely have the card, but looks like I managed to dodge a hard pull hit.
Please only comment with helpful and applicable feedback and information.
KE claims he’s not triggered but can’t stop posting here about a product he doesn’t use. I guarantee you he is a stone cold loser in everyday life,
I had just decided to get this card before they announced this. I wanted the 3% back on online PayPal checkouts and a 2% catch-all card. A lot of businesses online, large and small, use PayPal checkout and the only other way for me to get much cash back on those purchases would have been a 2% catch-all card. 2% catch-all and 3% online stores – all in one card. It was a great card. It’s a shame.
LOL @ the “good news” that they aren’t further devaluing the card than they already are.
Anyone still using Paypal after they were caught manipulating T&Cs (then lying about it, then admitting to it buy lying about the reasons) to justify stealing people’s $ from their bank accounts for political wrongthink deserves whatever happens.
I use PayPal all the time. Stay triggered.
Stay asleep, sheep
Another triggered cretin. Mindless dopes just doing what their overlords tell them to do.
So you support cancel culture?
Which cancel culture? Where racists and sexual predators are fires, sued, and blacklisted or where y’all stop drinking a beer because they supported a trans person. Or when y’all lose your shit if a non white person is the lead actor?
.
Do you know what triggered means? You replied to my 1 post, about Paypal and their horrible business practices, with 3 separate screeds ranting about unrelated things.
You also don’t know what “cancel culture” even means. *hint* it’s not avoiding using a business because they have unfair T&Cs. In this case, in fact, it is Paypal that is trying to cancel others.
I don’t need hints from low IQ idiots. You must be triggered to spend your time here posting about PP. If you don’t like PayPal, don’t use it.
That’s a lot of words to say, yes you do support cancel culture. Stay triggered.
You’re right. I forgot about that.
Is this applying to the business version? I did not get an email about this and I only have the business one.
Recently PayPal had an option to get 3% back when paying federal taxes. Since the processing service charged 1.82% there was an opportunity to make 1.18%. Don’t know if this option will remain available.
Otherwise I use cards like Chase and Discover that have 5% quarters or a specialized card like AAA signature Visa (5% grocery, 3% warehouse clubs). My Alliant Credit Union card is my lowest at 2.5%.
I keep a list for reference
http://www.rejohnsonjr.com/BESTCC.HTM
Should add in Bank of America cashback cards, and cash back should be calculated net of fees. Amex Bluecash Preferred is NOT a 6% card for groceries, net of AF it is 4.4% at best.
Nice List! I have most of these, minus the Amex for grocery. I do have Bread Cash Back Amex which is 2% everywhere /no limit/ no annual fee.
Robert Johnson
I like to get new cards with a bonus and 12/18 months 0% for purchases to pay my large bills for medical/dental/home-auto insurance.
Thank you for that list!
I have an active cash just sitting so probably gonna start using that
there are so many options… WF… Sofi… Fidelity… Citi…
Not at the 3% level. You’re doing it wrong if you think this is a 2% card.