topic Re: EBay MasterCard in Credit Cards

EBay MasterCard

bichonmom — Sun, 16 Sep 2012 22:55:26 GMT

Anybody have the eBay MasterCard? http://www.mastercard.ebay.com/?channel=0&promo=154

Looks like they have pretty good rewards.

http://sgweimroln.com/ebay-reward-terms.htm

3x points/$1 spent on
Gas & Restaurant Purchases
2x points/$1 spent on
eBay & PayPal Purchases
1x points/$1 spent on
all other MasterCard Purchases

Plus, they're GEMB,so good with CLIs. Geez, this is addictive! It's so cool to know that I actually could get this card! Id love to know what others who have it think about it.

Edited for autocorrect!

Re: EBay MasterCard

webhopper — Sun, 16 Sep 2012 22:53:14 GMT

I don't think its a bad deal; definately a better deal than paypal mastercard or bill me later.
I still like my chase amazon more.

This might be a good option for those who are rebuilding. GE is really stepping up on their major cc offerings.

Re: EBay MasterCard

jsucool76 — Sun, 16 Sep 2012 22:57:28 GMT

@bichonmom wrote:
Anybody have the eBay MasterCard? http://www.mastercard.ebay.com/?channel=0&promo=154

Looks like they have pretty good rewards.
http://sgweimroln.com/ebay-reward-terms.htm

3x points/$1 spent on
  Gas & Restaurant Purchases
2x points/$1 spent on
  eBay & PayPal Purchases
1x points/$1 spent on
  all other MasterCard Purchases
Plus, their GEMB,so good with CLIs. Geez, this is addictive! It's so cool to know that I actually could get this card! Id love to know what others who have it think about it.

Seems to be identical to the PayPal Extras Mastercard, except it says ebay instead of paypal on it, but ebay owns paypal so I think they're just branded differently. Only difference is you can get a counter offer with paypal for paypal smart connect, I don't know if you can get that with ebay card.

Edit: after some research I found that you're not allowed to have both an ebay and a paypal credit card, which to me, means they are in fact the same exact thing. They are both GECRB, and they have the same rewards structure, only difference is ebay card has that special offer that you posted.

Re: EBay MasterCard

Revelate — Sun, 16 Sep 2012 22:58:04 GMT

Hrm, there's not a whole lot of information on the underwriting criteria out there on this card?

Have to admit that's a pretty nice reward package for my current financial life at least. Restaurants and a non-trivial amount of Paypal transactions.

Edit: nice catch jsucool on it's identical stats as the Paypal Extras MC - likely identical underwriting too.

Re: EBay MasterCard

bichonmom — Sun, 16 Sep 2012 22:57:28 GMT

Yeah,I do like that it'sGEMB. Wish I could pc my ON visa that I don't use.

Re: EBay MasterCard

bichonmom — Sun, 16 Sep 2012 23:02:22 GMT

In general, I know GE is pretty easy. How are they with the PayPal card? What kind of CLs do they give? I'm liking this card more.

Re: EBay MasterCard

jsucool76 — Sun, 16 Sep 2012 23:12:17 GMT

@bichonmom wrote:
In general, I know GE is pretty easy. How are they with the PayPal card? What kind of CLs do they give? I'm liking this card more.

I got the smart connect counteroffer, but there was a thread on the boards here (think it's still on page one) OP had a $5000 limit, and upped to $7000 at the 4 month mark, not sure about their scores.

Edit: http://ficoforums.myfico.com/t5/Credit-Cards/Paypal-Extra-Master-Card-CLI/td-p/1591872/highlight/false There is it

Re: EBay MasterCard

trumpet-205 — Sun, 16 Sep 2012 23:39:11 GMT

The reward on both eBay and PayPal MC are pathetic. Each points is worth about 0.6 cents.

So you are getting 0.6%, 1.2%, and 1.8% return respectively.

Re: EBay MasterCard

firesoul453 — Mon, 17 Sep 2012 14:49:28 GMT

@trumpet-205 wrote:
The reward on both eBay and PayPal MC are pathetic. Each points is worth about 0.6 cents.

So you are getting 0.6%, 1.2%, and 1.8% return respectively.

Man I'm glad I was denied for it then! (Got denied for a paypal MC because I already have a paypal line of credit. Kinda dumb in my opinion)

Re: EBay MasterCard

jamesdwi — Mon, 17 Sep 2012 14:56:36 GMT

I had a 685 TU fico approved for Paypal MC extras card with a 2k limit, Income of 83k, 10 TU INQ's in the last 2 years, GE almost always pull TU, its my fourth GE card. Card is only a month old so haven't tested the CLI yet, but have heard good things. Have only ran a single purchase on the card, read about the rewards program after APing for the card probably wouldn't of got the card if I knew how bad they were, but oh well have the card, will probably only use it for paypal purchases.

Re: EBay MasterCard

trumpet-205 — Mon, 17 Sep 2012 15:24:17 GMT

Put it this way, eBay/PayPal MC are fine if you,

* Need a backup CC that will grow with you.

* Need to lower your overall utilization.

* Pair it up with PayPal debit MC (AFAIK for PayPal CC only)

Don't get them for reward or balance revolving though. Not only with high interest and pathetic reward, reward points expire in 2 years. Chase Amazon can easily beat this card.

Re: EBay MasterCard

bichonmom — Mon, 17 Sep 2012 17:48:46 GMT

It was the rewards that sounded so good. I guess when it comes to redeeming the points, they lose value. I like 3x pts on restaurants. Too bad their pts aren't worth much.

Re: EBay MasterCard

trumpet-205 — Mon, 17 Sep 2012 18:13:00 GMT

@bichonmom wrote:
It was the rewards that sounded so good. I guess when it comes to redeeming the points, they lose value. I like 3x pts on restaurants. Too bad their pts aren't worth much.

Wait till you hear Visa Extras, a reward program operated by Visa. Card that do use this reward program can offer points as high as 10 points per dollar spent. In reality though, each point is worth about 0.02 cents. So at best 0.2% return.

Re: EBay MasterCard

Ron1 — Mon, 17 Sep 2012 18:17:23 GMT

I don't have EBay Mastercard. I have PayPal Extras Mastercard. I only use to pay EBay auction and stores accepting PayPal. The rewards is not too useful like my other rewards cards. It will give cli every 4 months. By the way, they converted my PayPal Credit into PayPal MC thru invitation. It doesn't give you cash back.

Ron.

Re: EBay MasterCard

bichonmom — Mon, 17 Sep 2012 18:20:33 GMT

@trumpet-205 wrote:
@bichonmom wrote:
It was the rewards that sounded so good. I guess when it comes to redeeming the points, they lose value. I like 3x pts on restaurants. Too bad their pts aren't worth much.
Wait till you hear Visa Extras, a reward program operated by Visa. Card that do use this reward program can offer points as high as 10 points per dollar spent. In reality though, each point is worth about 0.02 cents. So at best 0.2% return.

that's crazy! Really need to read the fine print for rewards!

Re: EBay MasterCard

bichonmom — Mon, 17 Sep 2012 18:22:08 GMT

@Ron1 wrote:
I don't have EBay Mastercard. I have PayPal Extras Mastercard. I only use to pay EBay auction and stores accepting PayPal. The rewards is not too useful like my other rewards cards. It will give cli every 4 months. By the way, they converted my PayPal Credit into PayPal MC thru invitation. It doesn't give you cash back.

Ron.

they sure make it sound good on the webpage! Too bad their rewards don't have more value.

Re: EBay MasterCard

Ron1 — Mon, 17 Sep 2012 18:32:44 GMT

Yes, it does. I have had the card for over 6 years. The card stays inside the envelope. I never thought to redeem any rewards. I like ON Visa and I found their rewards more useful. It saves money to buy stuff at Gap or Old Navy many times. There are many good rewards card out there like US Bank Cash+, Costco Amex, Chase Amazon, Chase Ink. Why do you want to get EBay?

Ron.

Re: EBay MasterCard

bichonmom — Mon, 17 Sep 2012 18:40:45 GMT

It wasn't even on my radar until I was on eBay yesterday and saw the webpage. 3x pts on restaurants, etc., sounded really good. Plus, I liked that it was with GE since they're good with CLIs. But no, I *really* don't need another cc. And without the great rewards as an incentive, I have no desire for the card now. Thst's what I love about this forum...so many helpful people!

Re: EBay MasterCard

fedxboy — Mon, 17 Sep 2012 20:12:46 GMT

I have this card with only a 1500 limit opened in May 2012. So far, I've redeemed points for a $30 dollar BP gas card...lol.

I like the integration with paypal and hopefully, they'll give me big increases faster than my other primes!

Re: EBay MasterCard

Anonymous — Mon, 17 Sep 2012 20:50:20 GMT

The Paypal/Ebay points are worth more when you redeem higher values, but still it caps
out a little under .9 though iirc.