[YMMV] PayPal Business Debit Card – Choose Your Offer

The Offer

No direct link to offer, sent out via e-mail

  • Some PayPal Business debit card holders are being offered a ‘Choose your offer’. These replace the standard 1% cash back, if you don’t make a choice you’ll keep 1% back. Offers are as follows:
    • Spend $1,000 and get $20 cash back
    • Earn 1.25% cash back on all purchases

Our Verdict

At the very least select the 1.25% offer as it’s better than the 1% standard back. Previously the spend $1,000 deal has been $40 back, now it’s only $20. That works out to be 2% back if you spend exactly $1,000.

Hat tip to reader Daryl J & MtM

 

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Tu Phat
Tu Phat

I’m pretty rusty on PP mechanics, hoping for some help. I got the $20 per $1k offer and activated it. It’s working, in the sense that $20 credits to the account are being posted consistent with spend. I had a pretty large PP balance that is now close to zero. I have tried to add money to the PP account via link to bank account, but PP seems to be blocking. Question: If & when I charge amount that brings PP balance negative, will PP automatically debit/move money over from my bank account? Any other pointers? THANKS!

Jim
Jim

I got a weird choice of offers: 1% cashback on “all purchases”, or the normal 1% cashback on… purchases processed as credit. So no bonus cashback at all, but reading the fine print it looks like “all purchases” means I can get cashback on normal debit with PIN:

“Transactions eligible for bonus cash back include: credit transactions which you sign for and which are processed by Mastercard; online transactions processed by Mastercard; purchases processed via a debit network (including PIN-less debit transactions); and phone transactions processed by Mastercard.”

Also includes a note that purchases of cash equivalents aren’t eligible, but I’m going to do some gentle testing to see how well that is enforced…

Grandpa
Grandpa

still grandfathered in the 1.5% … knock on wood

James Walker
James Walker

Would like to point out that you could potentially earn more than 20 by selecting the 20 per 1,000 offer. Doesn’t mention limit, but it does offer insight to how it works. Terms from offer as follows:

Cash back offer valid from July 2, 2020 through September 30, 2020. Valid only on a chip-enabled PayPal Business Debit Mastercard. Your account with PayPal must be in good standing through the reward deposit. $20 cash back will be earned when you make $1,000 in purchases with your PayPal Business Debit Mastercard. An additional $20 cash back will be earned for each subsequent $1,000 in purchases. For example, spend $1,000 earn $20. Spend $2,000 earn $40.

Ken
Ken

Did you get more than $20 of cash back?

Anonymous
Anonymous

“Previously the spend $1,000 deal has been $40 back, now it’s only $20.” When was it ever $40? I had never seen that. Does anyone have a link or something with information on that past offer?

ieatdogfood
ieatdogfood

Unrelated to this deal but I had a surprise from PayPal today and have no idea why/how. I placed an +$100 order on a website, used PayPal checkout with my Discover It card (I don’t think it mattered which CC since the discount was applied with any CC on file), and a $5 off “special voucher” was applied to my order. No notification whatsoever of when/where the voucher came from and I didn’t view it in my Wallet before ordering to see if it had any details of how I got it. I was in a rush to order and got too excited to see another $5 off.

K
K

PayPal had no string attached $5 off once or twice before

ieatdogfood
ieatdogfood

Tried the exact same steps and order with a second account but no dice. Not sure if it was random or something triggered it.

vc
vc

thanks! i really only got 1 offer since mine included 1% on all purchases. i think the diff is that it doesn’t normally include debit? i chose the $20 for every $1,000 and will test a rent payment through a payment processor.

Jeremy
Jeremy

This was my go-to card, but I’ve since switched over to the Greendot Unlimited.

vc
vc

i wanted this card, especially when it was at 3%. it’s at 2% now. how long have you had it and have you made all legit purchases that actually qualify for cashback? i wanted it for bill payments, like plastiq, but i’ve gotten conflicting info on whether this would qualify for cashback since bill payments don’t qualify.

Jeremy
Jeremy

Used it for taxes and RadPad. Working fine so far. The disadvantage is you have to wait for your 1 year anniversary to receive the cashback, whereas paypal pays at the beginning of the next month.

Trevor
Trevor

Jeremy is there a counter so that you know transactions (such as tax payments) are being counted? Waiting a year to know if there’s going to exclude something is a problem.

Jeremy
Jeremy

It does give you your total cash back, but not interest for savings. It doesn’t show you the credit for each transaction though