The eBay/Paypal credit card is going to EMV chip as the deadline approaches for issuers and retailers to have their EMV systems in place. See October 1st EMV Chip Liability Shift Explained & How It Affects Consumers for more details.
The Offer
They are encouraging cardholders to activate their cards with various offers.
- Spend $50 anywhere (besides Paypal purchases) and receive a $20 statement credit.
- Get 5x points on all spend (besides Paypal purchases, gas, and restaurant), up to 2,200 points total.
These are targeted offers; check to see what offer you got.
The Fine Print
- Valid until October 31, 2105, charges must post by that date
- Allow up to 2 billing cycles for rewards to post
Our Verdict
The $20 offer sounds great. Simply spend $50 anywhere besides Paypal and get $20 back. The 2200-point offer is okay; those points are worth 5/6 of a penny so it’s also like around $20. However, you do need to hit a 6,000 point threshold to cashout and you’ll need to spend $440 to get the $20 which is much more than the other offer.
