The Paypal/eBay credit card offers 3x points on gas and restaurant, 2x on eBay and Paypal, and 1x everywhere else. They sent out an email today indicating a few changes they’ve made to the card:
1) Currently, the card has a limit of 50,000 points per year, but they’ve now eliminated that cap and made it unlimited earnings.
2) Rewards now expire 24 months after they are earned, instead of the previous 12 months.
3) In the email of many cardholders it stated that a new look is coming to the card (see picture below). My email did not have the part about the new look.
I mainly use the card for the spend promotions they send out regularly, it isn’t too useful otherwise. Even the 3x gas and restaurants isn’t really worth 3% back since their redemptions come out (typically) to just .83 cents per point.
It’s also worth noting that Paypal is slowly rolling out a new version of the Extras Mastercard which earns a flat 2% back everywhere.