This was posted 2 years 9 months 13 days ago, and might be an out-dated deal.

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PayPal Rewards Visa Card: Bonus 50,000 PayPal Points ($275 Value) with $3,000 Spend in 3 Months, $0 Annual Fee (New Card Member)

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PayPal Rewards Visa Card: Bonus 50,000 PayPal Points ($275 Value) with $3,000 Spend in 3 Months, $0 Annual Fee (New Card Member)
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MrFrugalSpend on 09/02/2022 - 23:56 paypal.com (741 clicks)
Last edited 10/02/2022 - 11:33 by 1 other user

50,000 Bonus Points - Spend $3,000 or more in the first 3 months from card approval on eligible transactions and you’ll receive 50,000 bonus points. That’s $275 to spend at thousands of eligible PayPal businesses!

  • $0 annual credit card fee - There are NO annual fees on this credit card, zero, zilch.
  • Uncapped rewards points - Earn 1 point for every $1 spent on eligible transactions.
  • Spend your rewards where you shop - Spend your points in PayPal’s Checkout at 750,000+ eligible PayPal businesses.
  • Use your points to pay for specific transactions - Select an eligible transaction in your PayPal Rewards Card account and use your points to pay for it.
  • 0% p.a. for 20 months on balance transfers - Balance transfer then reverts to cash advance rate at end of promotion period. There are no interest free days on retail purchases while you have a balance transfer.
  • Installment options - Pay off your purchases in monthly repayments over a set term.
  • Visa Zero Liability - Shop worry-free at millions of merchants, anywhere in the world.
  • Up to 4 additional cardholders at no cost
  • All eligible spend by additional cardholders contributes to your rewards!
  • Concierge Services - A personal concierge, at your service, for tickets and hard-to-find purchases.
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closed Comments

  • cook99 on 09/02/2022 - 23:58
    +4

    Far better value elsewhere, $500+ value easy to achieve and should be the threshold unless churners are on every 12 month waitlist…

    • MrFrugalSpend on 10/02/2022 - 00:09
      +2

      yeah but almost everybody has a paypal account - so seemed easier to me.
      I'm sick of all the separate banks, separate ID checks, and paper mail and cards I forgotten about from random banks and yes 12 month waitlists from the existing ones

      When you talk about 'value', its a free $275 as I don't not repay / spend any fees on the cards. So the input is my time/effort. So I take offers from companies I already do business with once eligible again instead of signing up to new ones

      • Mr Haj on 10/02/2022 - 08:49
        +1

        you know you don't need to sign up for a bank account to pay off your credit card balance? you're doing it wrong lol

    • MrFrugalSpend on 10/02/2022 - 00:46
      -6

      where's your posts then cook99? - not going to put the effort in?

      Last ones we had on here that were just free money (paypal can be redeemed as paypal money) that doesn't require an annual card fee were:
      - $200 Amex cash back - https://www.ozbargain.com.au/node/682103
      - 10,000 Amex bonus points that was 'Targeted' https://www.ozbargain.com.au/node/681951
      - $150 ING - https://www.ozbargain.com.au/node/679891
      - $100 Citibank - https://www.ozbargain.com.au/node/679339
      - $400 Kogan but 'new customers only' - https://www.ozbargain.com.au/node/677219 … and its Kogan
      - $150 Commbank - https://www.ozbargain.com.au/node/661652

      • cook99 on 10/02/2022 - 02:20
        +11

        $800+ Westpac (I got $900 profit)
        https://www.westpac.com.au/personal-banking/credit-cards/rew…

        100,000 Qantas with almost no annual fee if you spend quick and get pro rata refund NAB
        https://www.ozbargain.com.au/node/681936#comment-11737222

        HSBC $600
        https://www.hsbc.com.au/credit-cards/offers/campaigns/platin…

        BOQ $500+
        https://www.boq.com.au/personal/credit-cards/platinum-reward…

        Bank of Melbourne, Citi and Suncorp all have $500+ net profit cards…

        Annual fee is irrelevant if points/rebates offset it, all about the net profit.

        • hhbb555 on 10/02/2022 - 07:26

          180k altitude rewards no longer get $800
          I think it's $600 something when i tried it

          • cook99 on 10/02/2022 - 15:24
            +1

            @hhbb555: Altitude $250 Annual Fee Rebate
            50,000 points

            Altitude $150 Annual Fee Rebate
            30,000 points

            Despite their site saying you can only redeem one it works multiple times, even their phone support said it works fine.

            Sadly wifey took $500 gift cards and I got $450 statement credit with remaining

            • hhbb555 on 15/02/2022 - 19:05

              @cook99: is annual fee rebate works the same as cashback - since i have no annual fee to pay i wonder what would happen if i redeem for annual fee rebate

              • cook99 on 15/02/2022 - 20:29
                +1

                @hhbb555: Yes straight up cashback.
                My fee was $49 and I received $450 in cashbacks

        • MrFrugalSpend on 10/02/2022 - 22:12

          Whilst you do have a point with the net profit over fees provided you are guaranteed to get the money and remember to cancel - I'm always skeptical that they are going to give the cashback/points so I've always avoided anything but cards with no fees.
          I see a no fee card as a different category - zero risk. Just sign up, buy things with it, then get free money. Pay the bills on time then cancel when ready, or not, doesn't matter as it doesn't cost anything to keep in reserve for if needed.

          As for those others, thanks for the info, but is only one of those posted on OzB (Qantas Points that I don't tend to do and NAB that I've applied with in recent times) If there's a free $800+ on offer, why not?

      • payless69 on 10/02/2022 - 15:51

        Amex? nah
        Ing? Baah
        City? Yes Mary I forgot what u did
        Kogan??
        CBA: Aussie Aussie Aussie!!

    • [Deactivated] on 10/02/2022 - 07:36
      +4

      Incredibly hard to spend the rewards points at "thousands of eligible PayPal businesses!"

      Good luck with that.

  • jv on 10/02/2022 - 00:01
    +4

    International Transaction Fee of 3.4%

    • MrFrugalSpend on 10/02/2022 - 00:06
      -7

      What's international travel? can't remember that.
      Can buy overseas online and pay on paypal in AUD with paypal credit card without an international transaction (but their usual paypal fees)

      Kind of missing the point of just signing up for free, spending $3000, getting $291.50 in rewards points, spending that via paypal, then cancelling. Doesn't have to be international to achieve that.

      • Make it so on 10/02/2022 - 02:00
        +4

        PayPal has terrible exchange rates.

      • Mr Haj on 10/02/2022 - 08:51

        I think you're missing jv's point…

  • dcep on 10/02/2022 - 00:04

    PYPL $120 and down

    • Spennyrich on 10/02/2022 - 10:16

      Braintree with a data breach too!

  • jalalii on 10/02/2022 - 00:17
    +2

    50000 points for $275. So 181 points for every $1. It’s 1 point per dollar spend, so $181 for every $1 reward, meaning it’s 0.55% cash back in value. Better cards elsewhere I think.

    • MrFrugalSpend on 10/02/2022 - 00:21

      I'm assuming you get the normal points earn plus 50,000 extra points = It's a $3000 spend which I believe it is 50,000 bonus points + 3,000 normal points = 53,000 points = $291.50, so $291.50 / $3000 = 9.717% return on spend.

      I don't care for the usual rewards point earn, I have other cards for that once the bonus is over.

      • jalalii on 10/02/2022 - 00:22
        +1

        Yeah as a intro profit it’s fine. Just thought others may be interested in the long term prospects.

  • FujiFruit on 10/02/2022 - 00:22
    +1

    What income is expected ?

  • FutureTech on 10/02/2022 - 02:51
    +1

    Issued by Citibank? Seriously Scotty needs to talk to them about issuing ozb credit cards

    • arctan on 10/02/2022 - 07:04

      I thought Citibank is selling credit card business to nab.

  • vin8 on 10/02/2022 - 08:21

    I hv the card but it seems that it takes 28xxx points to redeem for $100 worth… Don't know how to get $275 value fr 50000 points.

    • MrFrugalSpend on 10/02/2022 - 22:19

      really? that's interesting to know.

  • scanuck on 10/02/2022 - 08:45
    +1

    Would not bother with PayPal - and could you imagine disputing anything? Wouldn’t be surprised if it jeopardises your whole account

  • payless69 on 10/02/2022 - 10:47

    It used to be a great company but now too clumsy. There is a reason others downvote it too.

    • jwl81124 on 10/02/2022 - 16:56
      +1

      agree with you

      • MrFrugalSpend on 10/02/2022 - 22:24

        Yeah I've heard people say bad things but I've never had a problem.
        Use it constantly and they've helped me with two disputes with third parties recently quite well, both went in my favour. Maybe cause I spend not sell

  • Spencer2020 on 17/02/2022 - 17:00

    Have anyone try to redeem the reward point ? I have about 59,000 reward point. What is the best way to redeem them ? TIA

    • kickling on 17/02/2022 - 20:17

      I'm about to pay with points on some transactions on our statement. 181 points per dollar. I don't think there is any other better option. As per the original value 50,000 = $275. Nothing has changed.

  • Beefa on 18/02/2022 - 16:19
    +1

    Shady company, will freeze your money on a whim with no legal grounds. This offer is laughable compared to what's available to churners. Even if I was on a 12 month wait for all other cards I would not apply for this.

  • AeyJey on 21/02/2022 - 18:35

    Worst company and customer service ever. I signed up last year for same offer. Got approved and spend more than the amount. I was told the 50000 points are applied to my account. They never linked the card to my account. I called at least 20 times, send emails to every link I could find for Paypal and citibank. They never got back or fixed the issue. I get an email every 1 to 2 weeks saying they are still investigating the issue need more time and it will fixed within 2 weeks. This happened like 6 times. Then I had to cancel it to get a home loan so basically lost the 50000 points.

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