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Frequent Contributor
Brian_Trying_700
Posts: 446
Registered: ‎09-14-2011

PayPal Debit MasterCard BusinessCard

[ Edited ]

I got approved and wondering what the credit limit is. 7-10 days to get the card. My Paypay is setup under my company name. Is this a Key bank of GE backd card ? Got Lowes and Wally world along with Freedom within this month. Ya.

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?
Frequent Contributor
steve23111
Posts: 354
Registered: ‎08-09-2011

Re: PayPal Debit MasterCard BusinessCard

It's a DEBIT card, not a credit card, so there is no credit limit.  It is tied to your PayPal balance, and you can set up backup funding from a linked bank account which is used automatically if your PayPal balance is insufficient.  It earns a flat 1% cash back on all purchases.  I have one, just for the hell of it, though I rarely use PayPal anymore.  Strange thing is that it actually earns a better rate than the PayPal Extras Mastercard, which is an actual credit card!  Anyway, not a bad card to have, and a good route to earning cash back if you can't get a credit card that'll do it.

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Contributor
RonDawg
Posts: 322
Registered: ‎10-19-2012

Re: PayPal Debit MasterCard BusinessCard


steve23111 wrote:

It's a DEBIT card, not a credit card, so there is no credit limit.  It is tied to your PayPal balance, and you can set up backup funding from a linked bank account which is used automatically if your PayPal balance is insufficient.  It earns a flat 1% cash back on all purchases.  I have one, just for the hell of it, though I rarely use PayPal anymore.  Strange thing is that it actually earns a better rate than the PayPal Extras Mastercard, which is an actual credit card!  Anyway, not a bad card to have, and a good route to earning cash back if you can't get a credit card that'll do it.


OMG I just spit my drink

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Frequent Contributor
steve23111
Posts: 354
Registered: ‎08-09-2011

Re: PayPal Debit MasterCard BusinessCard


RonDawg wrote:

steve23111 wrote:

It's a DEBIT card, not a credit card, so there is no credit limit.  It is tied to your PayPal balance, and you can set up backup funding from a linked bank account which is used automatically if your PayPal balance is insufficient.  It earns a flat 1% cash back on all purchases.  I have one, just for the hell of it, though I rarely use PayPal anymore.  Strange thing is that it actually earns a better rate than the PayPal Extras Mastercard, which is an actual credit card!  Anyway, not a bad card to have, and a good route to earning cash back if you can't get a credit card that'll do it.


OMG I just spit my drink


You're welcome. :smileyhappy:   I guess I should say, "the credit limit is determined by the amount of money available for spending" or something like that.  There IS a daily purchase/transaction limit, but I don't recall right off-hand what that is.

 

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: PayPal Debit MasterCard BusinessCard

[ Edited ]

Daily purchase limit is $3,000. Daily ATM limit is $400.

 

You only earn 1% cashback on signature transaction. Most B&M defaults to PIN transaction and you cannot change that.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Contributor
RonDawg
Posts: 322
Registered: ‎10-19-2012

Re: PayPal Debit MasterCard BusinessCard

[ Edited ]

steve23111 wrote:

RonDawg wrote:

steve23111 wrote:

It's a DEBIT card, not a credit card, so there is no credit limit.  It is tied to your PayPal balance, and you can set up backup funding from a linked bank account which is used automatically if your PayPal balance is insufficient.  It earns a flat 1% cash back on all purchases.  I have one, just for the hell of it, though I rarely use PayPal anymore.  Strange thing is that it actually earns a better rate than the PayPal Extras Mastercard, which is an actual credit card!  Anyway, not a bad card to have, and a good route to earning cash back if you can't get a credit card that'll do it.


OMG I just spit my drink


You're welcome. :smileyhappy:   I guess I should say, "the credit limit is determined by the amount of money available for spending" or something like that.  There IS a daily purchase/transaction limit, but I don't recall right off-hand what that is.

 


 

I degress.. To be more on topic.  Sorry he is right it is a Debit Card so you can not expect a credit limit... However Congrats on getting the card.

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Frequent Contributor
steve23111
Posts: 354
Registered: ‎08-09-2011

Re: PayPal Debit MasterCard BusinessCard

What I'm amused by is the fact that it's a "business" Mastercard.  I have a personal PayPal account, and every debit card they've ever issued to me (including several previous iterations of their debit product) have been "business" cards.

5/2002 - Chapter 7
7/2011 - Equifax FICO 693
5/2012 - Equifax FICO 812! In the "800 Club!"
2/2013 - Lender-pulled EQ FICO 821 (car loan)
7/2014 - Lender-pulled EQ FICO 832 (car loan)
Contributor
RonDawg
Posts: 322
Registered: ‎10-19-2012

Re: PayPal Debit MasterCard BusinessCard


steve23111 wrote:

What I'm amused by is the fact that it's a "business" Mastercard.  I have a personal PayPal account, and every debit card they've ever issued to me (including several previous iterations of their debit product) have been "business" cards.


I have their "Business" Mastercard Debit card as well, it sits in a drawer. Though it is a 1% cash back card so for what it is, it is not a bad deal, however... I have much better cards to access my money then a debit card could ever be. 1% cash what? try 5% :smileywink:

AMEX Platinum, AMEX Blue cash (10k), AMEX Delta (10k), US Bank Premier Line (14.5k), US Bank Cash + (7.5k), Chase Freedom (5k), Fred Meyer Rewards Visa (7.5k), US Bank Flex Perks Travel Rewards (5k), Discover IT (9.5k), Chase Sapphire Preferred (8k), Alerus Financial Visa Signature issued by Elan (10k), BofA Cash Rewards (10k), Citi Thankyou Pref (6.5k) TU FICO Score = 807, EQ FICO Score = 780, EX FICO Score = 780,
CreditKarma score = 785, CreditSesame score = 773, Vantage = 903
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: PayPal Debit MasterCard BusinessCard

[ Edited ]

steve23111 wrote:

What I'm amused by is the fact that it's a "business" Mastercard.  I have a personal PayPal account, and every debit card they've ever issued to me (including several previous iterations of their debit product) have been "business" cards.


It's not really a business debit card per say. When I tried to sign the card up for MasterCard EasySavings (business savings program), I couldn't. Called PayPal only to found out that it was a personal debit card, even though they printed "business" on the card.

 

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
Brian_Trying_700
Posts: 446
Registered: ‎09-14-2011

Re: PayPal Debit MasterCard BusinessCard

Thank you for all the help. Sock drawed. lol :smileyhappy:


trumpet-205 wrote:

steve23111 wrote:

What I'm amused by is the fact that it's a "business" Mastercard.  I have a personal PayPal account, and every debit card they've ever issued to me (including several previous iterations of their debit product) have been "business" cards.


It's not really a business debit card per say. When I tried to sign the card up for MasterCard EasySavings (business savings program), I couldn't. Called PayPal only to found out that it was a personal debit card, even though they printed "business" on the card.

 


 

Garden mode till 11/19/2013 Amex Zync 500 H-L I Discover More 1750 I Capital One Rewards 1750 I Barclay Apple 1500 I Macys 2000 I Orchard 400 I Walmart 2000 I Chase Freedom 1500 I Lowes 1K l Barclay NFL 1K l Wright Express gas 2500 l PayPal Debit MasterCard BusinessCard $ ?

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