PayPal is an American based company that operated a worldwide online payments system. PayPal can be used in more than 200 countries/regions. PayPal offers PayPal Rewards credit cards and PayPal cash back credit cards. You cannot have both, so you'll have to decide on which PayPal rewards program is best for you.
PayPal offers one cash back credit card that earns cash back at a great rate across all purchases. If you're looking to do business with PayPal, it is the better option over the PayPal Points credit cards.
Redeeming PayPal Cash Back
Cashback earned with the PayPal Cashback Mastercard will be available for you to transfer via a credit to the primary PayPal account linked to the card. This can be done during the billing period after the reward period in which the cash back was earned. From there, you can use the cash back in your PayPal account like you normally would. This can be for purchases made on Ebay or purchases made at checkout with retailers that allow you to pay with PayPal or use your PayPal Debit Card. You can also transfer the cash directly to your bank account.
You can earn cash back for your business using the PayPal Business Debit Mastercard. You won't earn much, but it's still nice to earn cash back off of your own debit purchases.
Redeeming PayPal Debit Cash Back
Cashback earned with the PayPal Business Debit Mastercard will be applied to back to your PayPal balance each month.
- To earn cash back, pay at least the minimum due on time.
- Cash back earned can be converted to the Citi ThankYou Rewards program
