It looks like Synchrony has launched an updated version of the eBay Mastercard. Let’s take a look at the new card.
Contents
Card Basics
- Sign up bonus of $50 when you spend $150 or more on eBay purchases within 30 days of account opening
- Card earns at the following rates:
- 3x points on eBay purchases until you spend $1,000 on eBay in a calendar year, then the card earns 5x on eBay purchases
- 2x points on gas, restaurant, & groceries
- 1x points on all other purchases
- 1,500 points = $10 statement credit
- No annual fee
Our Verdict
With 1,500 points = $10, points are worth 0.67¢ each. This means the 5x category is actually 3.35% and that’s after spending $1,000 in the 3x category (really 2.01%). It’s definitely a unique earning structure, but I imagine most people don’t spend enough on eBay purchases to make this card worth considering. There might be some fringe use that makes sense for heavy eBay users, but for the majority of people the sign up bonus and earning rate isn’t enough to get excited about.
