Earn Cash Back with Paypal Debit Card

The PayPal Debit Card is a great way to earn cash back on your purchases. You can get a 1% cash back reward on every purchase, which may not seem like a lot, but it can add up over time.

To start earning cash back, you'll need to have a PayPal account and a PayPal Debit Card. This card is linked directly to your PayPal account, making it easy to track your purchases and rewards.

One thing to keep in mind is that the cash back reward is capped at $100 per month, so you won't earn any more than that in a single month. This is a reasonable limit, but it's still a nice bonus to have.

To get started with the PayPal Debit Card, you'll need to have a PayPal Balance account. This type of account allows you to keep some money with PayPal, rather than just using it to send and receive money from linked third-party accounts.

The money in your Balance account is deposited in FDIC-insured partner banks, giving you protection up to $250,000 per person, per account.

Having this protection should give you peace of mind, as it's the same standard found at most traditional banks.

The PayPal Debit Card is a great option for earning cash back. It offers 5% cash back when you shop in your select category online or in stores.

There's no annual fee or activation fee associated with the card. You can also withdraw cash from 90,000+ MoneyPass ATMs nationwide without incurring a fee.

However, keep in mind that you'll need to keep $1000 in a non-interest-bearing account to use the card, which may not be ideal for everyone. This is because the card is essentially a debit card, not a credit card.

One thing to note is that the 5% cash back is capped, and the card should be treated as part of a 5% credit card lineup, even though it's technically a debit card. This can be a great addition to your cash back lineup, especially if you have a personal and business account like some users do.

Here are some key features of the PayPal Debit Card:

The PayPal debit card offers a range of cash back rewards that can help you earn money back on your purchases. You can earn 3% cash back on all PayPal purchases, which is a significant upgrade from the previous 2% cash back rate.

To get started, you'll need to upgrade your existing card or sign up for a new one through the PayPal mobile app or website. The new card comes with a $100 cash back bonus on the first $500 spent, which is a great incentive to try it out.

The cash back rewards are not limited to online purchases, you can also use your PayPal debit card in-store, at restaurants, or even at ATMs to withdraw cash. The card is linked to your PayPal balance, so you can spend money that other people send you via PayPal.

You can earn 5% cash back on a monthly category of your choice, which includes groceries, gas, restaurants, clothing, and health and beauty. However, the cash back is limited to up to $1,000 of spending in your chosen category each month.

Here are the categories you can earn 5% cash back on:

You can also combine your rewards with merchant offers within the same category in the PayPal app when you check out. This means you can maximize your rewards by earning cash back on multiple levels.

Safety and security are top priorities when using a debit card, and the PayPal cash card is no exception. The PayPal card has Mastercard Zero Liability, which means you won't be held responsible for unauthorized transactions.

One of the convenient features of the PayPal card is the option to temporarily lock and unlock your card in the PayPal app. This is especially useful if you've lost or misplaced your card.

The PayPal card also has built-in chip technology, which adds an extra layer of security to your transactions. This technology helps protect against counterfeiting and other types of card skimming.

You can rest assured that your money is protected against unauthorized payments being sent from your account.

The safety of your cash is a top concern, and for good reason. PayPal's debit card has some excellent safety features to put your mind at ease.

You can temporarily lock and unlock your card in the PayPal app if you lose it or suspect it's been stolen. This gives you peace of mind knowing you can quickly secure your account.

Mastercard Zero Liability protection is also in place, so you're not held responsible for any unauthorized transactions. This is a big deal, especially if you're prone to losing your card or having it stolen.

Built-in chip technology adds an extra layer of security to your card, making it harder for scammers to get their hands on your cash. This is a great feature to have, especially when making online purchases.

Here are the key safety features of the PayPal debit card at a glance:

One of the biggest concerns when it comes to safety and security is the potential for financial loss. You can only earn cash back on up to $1,000 in monthly purchases.

This limitation can be a significant drawback, especially for individuals with high monthly expenses.

Here are some key things to consider when evaluating the safety and security of a particular financial product:

PayPal is shifting its focus from online and peer-to-peer payments to in-person transactions.

Under the leadership of new CEO Alex Chriss, the company is making it easier for customers to shop and pay with PayPal anywhere, anytime – both in stores and online.

The company's debit card now provides 5% cash back on selected purchases, with a limit of $1,000 per month.

PayPal has also expanded its partnership with Fiserv to improve the checkout process for US businesses, aiming to simplify the integration of PayPal and Venmo payment solutions for Fiserv's merchant clients.

This expanded partnership continues to deliver payment processing and e-commerce services to millions of merchants globally.

PayPal's debit card rewards are available through partnerships with brands like DoorDash and Sephora, offering customers more ways to earn rewards.