Contents
The Offer
Direct link to offer (should show after log in)
- 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 $40 cash back
- Earn 2% cash back on eligible shipping costs (USPS, UPS, FedEx and more)
- Earn 1.25% cash back on all purchases
Our Verdict
You should choose the 1.25% offer at the very least. $40 cash back deal is effectively 4% back if you spend $1,000 exactly, so that’s probably the best of the offers.
Can you sign up for the Paypal Business Debit Card without a business. Can you use your own SSN or will you need a EIN?
This is not a CC, which means you would have to have paypal cash in the account to use the debit card, right? so, 1% is a joke when you can use double cash to earn 2x on everything, am I missing something? I mean, what would you spend it on to justify the use of this debit card?
You can set a bank account as the backup funding source, so that it will work with even with a $0 Paypal cash balance. It just pulls from the bank account a few days after the purchase.
I received offers of $20 back when spending $750, 1% (same as always), or 1% on shipping.
Mine are 1) spend $750 and get $20 cash back, 2) 1% on shipping, and 3) 1% on everything.
Worthless.
Same, and I never use the card
Same. I mean, #3 is the same as the standard and you’d have to be a moron to select 2
It’s not the same. It’s 1% on all purchases — including PIN purchases. Not my thing but there’s a way to make out really well with this if you’re willing to deal with money orders.
I got the same offers as you. I’m going to wait until the last week in December to activate the $750 offer and then use it. Doesn’t make sense to activate it now and limit my cash back spending to $750 for 3 months.
I don’t understand your thought process by waiting?
These ‘bonus’ cash back offers are NOT in addition to earning standard 1% cash back. They replace the 1%. Basically you keep earning 1% until you choose an offer. Once you choose an offer, that is all you will earn through Dec 31, 2019.
So if you activate the $750 offer now and use it, then you won’t start earning your 1% cash back again until Jan 1, 2020.
I plan to earn 1% cash back from now until the end of December, then activate and get $20 back for a $750 spend in the last week of December. Then go right back to earning 1% on Jan 1.
Holy cow! I didn’t notice this. Thanks for pointing this out.
But why 1% when there are 2% cards?
I got this same offer as well
Got this same offer, I looked at this in-depth, 3 is actually different. The standard is 1% on eligible purchases, this is 1% on all purchases, which includes PIN entered purchases, and does not require signature/for it to be run as credit like is typically the case. Some places require PIN so 3 is actually the best option to maximize cash back if you get the 1% offer. 2 is still a joke though, lol