PayPal Cuts PayPal Mastercard Earning Rate To 1.5% (From 2%)

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• 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.

  • You're right. I forgot about that.

  • So you support cancel culture?

    • 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.

      • That’s a lot of words to say, yes you do support cancel culture. Stay triggered.

      • 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.

    • 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?

      • .

  • 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.

• 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

  • Thank you for that list!

  • 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.
    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. @guest_1852852

  • 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.

• 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.