Tip: Redeem U.S. Bank Rewards at 1 CPP via Paypal

I’m not sure how new this is. A reader sent in a tip that U.S. Bank cards can have their rewards program linked with Paypal which then allows redemptions at 1 cent-per-point toward any future Paypal purchase. That gives us the ability to cash out rewards without the standard $25 cash minimum or $10 real time rewards minimum.

Most banks offer sub 1-cent redemptions via Paypal. However, with Discover, Citi, and U.S. Bank you get a full cent per point. In the case of U.S. Bank this is useful to bypass the minimum redemption which would otherwise be required.

Hat tip to reader Manny A.

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MC
MC

Anyone able to do this for the Altitude Connect or Cash+ cards?
After adding them I don’t see any way to enable paying with rewards. Manually adding /link-rewards to the card details http address brings up the “Agree and Link” template with the card info, but clicking the button gives an error…

JurianTheDurian
JurianTheDurian

For anyone else who has used this route, I followed the instructions and linked my 2 US Bank cards (Leverage and Business Cash) but they’re both showing up with a note “Link U.S. Bank Rewards” at the bottom and not the usual available rewards balance with other programs. I can confirm from US Bank’s side that it is linked with Paypal. Did anyone else have this experience?

JurianTheDurian
JurianTheDurian

Nevermind, I was able to figure it out!

vips
vips

How did u manage? It doesn’t work for me

Mark
Mark

This was super helpful! Thanks!!

aran
aran

Thanks I was able to buy a $11ish Walmart Gift Card by checking out thru paypal, seemed to bypass the $25 min redeem requirement.

Justin

Anyone getting US Bank Business Cash Rewards card to show up on Paypal with points available to use for spending? It’s working on my Leverage card but has never worked for Biz Cash Rewards card.

Brad Chase

Same problem. Not working for that card with this trick.

DaveInAZ
DaveInAZ

But, the purchase on PayPal will likely only get 1% rewards instead of your selected 5% categories.

Ferris
Ferris

The point of the article is to cashout less than $25 of rewards which you wouldn’t otherwise be able to. You won’t earn any cashback because you are using points.

miki
miki

Might not be the greatest idea to cash out via Paypal anymore, since it might end up getting reported on a 1099-K now.

G
G

How? It will reduce the amount you pay for a purchase, no positive change to you PayPal balance at all

Ryan Goldstein

To clarify, this appears to mean that you can “cash out” by using your US Bank rewards points toward (unrewarded) purchases, not directly withdrawing to your PayPal/bank account. Would happy to be corrected, though!