PayPal and eBay Are Offering Attractive Cashback Offers for Selected Customers
PayPal and eBay ran cashback promotions for selected new credit card customers. PayPal offered 4% cashback on online purchases every day for the first 90 days, capped at $5,000 in spending for a maximum of $200 back, while eBay's Mastercard offered a $150 statement credit after $500 spent within 30 days, plus reward-point multipliers.
Scope: For online shoppers and industry watchers interested in the details and eligibility rules of the PayPal and eBay co-branded credit card promotions.
A Good Time for Online Shoppers
PayPal and eBay are offering attractive cashback offers to some selected customers. If you are someone who loves online shopping, this might be a good time for you. If you love credit card transactions, you can add eBay and PayPal credit cards to your wallet. Considering a situation where social distancing has become mandatory, people are giving more importance to online transactions, and amid this critical situation, these companies have become a blessing in disguise.
PayPal's 4% Cashback Offer
PayPal is offering 4% cash back for new customers. The new cardholders will get 4% cash back for making online purchases, every day for the first 90 days. Some important information associated with this offer is as follows:
• Everyone is not eligible: Unfortunately, this offer is not for everyone. If you see the offer after logging into your PayPal account, you can avail of the benefits. This is a kind of promotional offer, and PayPal is targeting a certain number of customers.
• There is a limit: There is a limit, and that is a kind of negative aspect of this offer. You will get 4% cash back on up to $5,000 in spending. That means you will be able to get cash back up to $200.
eBay's $150 Statement Credit
On the other side, eBay is offering a 30-day welcome bonus. If you are a frequent online buyer, the eBay Mastercard will be an ideal option for you. The new offer is in the form of a $150 statement credit. You can use this only after spending $500 within 30 days of opening your eBay account. Some important information associated with this offer is as follows:
• Customers must have an active eBay account: If you are interested in the eBay-branded new credit card, you must create an eBay account. This will not be a tough move for you.
• You don't need to stick to eBay for the $500 purchase: The good thing is that you don't have to spend your entire $500 on eBay. You can spend it anywhere you want, but that platform must accept Mastercard. Otherwise, you will not be able to get the $150 statement credit.
Also, you will get 5x reward points if you spend more than $1,000 in a year. Along with it, you will get 2x reward points on restaurant, grocery, and gas purchases.
Frequently asked questions
How much cashback did the PayPal credit card offer new customers?
PayPal offered new cardholders 4% cash back on online purchases every day for the first 90 days. The offer was capped at $5,000 in spending, meaning a maximum of $200 in cashback.
How do you qualify for eBay's $150 statement credit?
You need an active eBay account and the eBay Mastercard, then must spend $500 within 30 days of opening the account. The $500 does not have to be spent on eBay — it can be spent anywhere that accepts Mastercard.
Was the PayPal cashback offer available to everyone?
No. It was a targeted promotional offer aimed at a certain number of customers. You could only avail of the benefits if the offer appeared after logging into your PayPal account.
What reward points did the eBay Mastercard include?
Beyond the $150 statement credit, cardholders earned 5x reward points after spending more than $1,000 in a year, plus 2x reward points on restaurant, grocery, and gas purchases.
