PayPal Rewards Points have an average value of 0.83 cents per point when redeemed for cash back. They can also be redeemed for:
- Gift Cards - Starting at 800 Points
- Merchandise - Starting at 3,000 Points
- Travel Vouchers - Starting at 15,000 Points
The value you get out of your points for non-cash redemptions will vary.
PayPal Points Value Calculator
Use the PayPal Points Value Calculator to calculate the average cash value based on the value of 0.83 cents per point when redeemed for cash.
Since the PayPal Extras Mastercard is the only way you can earn points, you're looking at the following returns spending on the card for cash back redemptions:
- 2.49% - 3x Gas Station and Restaurant Purchases
- 1.66% - 2x PayPal and eBay Purchases
- 0.83% - 1x Everything Else
These are relatively low returns, but the card is known to have some good offers that can earn you bonus points throughout the year. You might want to check out the Search For Credit Cards By Spend Calculator to see if there are better options based on your spend.