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Earn 3% on everything using one card - RECENT UPDATE

Valued Member

Re: Earn 3% on everything using one card - LONG UPDATE

The rewards shows up on ur statement. U will get the extra 1% as long as you the transaction is pin-less.

EXP 744 TU 751 EQ 744 TCL=$26,300
Message 91 of 263
Regular Contributor

Re: Earn 3% on everything using one card - LONG UPDATE

Lion99

 

When you open your paypal cashback account at the middle of the page does it say 

CASH REWARDS BALANCE -- Redeem Anytime to your paypal balanc

 

 

or does it say current points balance ?

 




Message 92 of 263
Member

Re: Earn 3% on everything using one card - LONG UPDATE


@patoot10wrote:

Lion99

 

When you open your paypal cashback account at the middle of the page does it say 

CASH REWARDS BALANCE -- Redeem Anytime to your paypal balanc

 

 

or does it say current points balance ?

 


It says cash rewards balance.  Thanks!

Message 93 of 263
Regular Contributor

Re: Earn 3% on everything using one card - LONG UPDATE

Thanks for clearing that.




Message 94 of 263
Valued Member

Re: Earn 3% on everything using one card - LONG UPDATE

Thanks for this tip! My husband just got a Paypal 2% cash back card and I've linked it to our Paypal debit cards. Now I just have to figure out how to get a major CLI on his Paypal credit card!

 

Edit: Does anyone know for sure if this method works for Apple Pay?

FICO 8 Scores 4/1/2018: 694 EX 714 EQ 740 TU

WF Cash Wise $12,500 PenFed Power Cash $9,500 BOA $4900 HSBC Cash Rewards $2750 Discover It $800 Maurices $500
Message 95 of 263
Regular Contributor

Re: Earn 3% on everything using one card - LONG UPDATE

I am wondering if this will come to an end when Synchrony takes over Paypal Credit.

    EQ=823        TU=816         EX=807      INQ=1/3/5     UTIL=1%         AZEO
Message 96 of 263
Frequent Contributor

Re: Earn 3% on everything using one card - LONG UPDATE


@OmarR wrote:

I am wondering if this will come to an end when Synchrony takes over Paypal Credit.


PayPal (the company) allows the PayPal debit card to be funded by the 2% PP Cashback card. This benefit could be terminated at anytime; that said, I do not see how/why this would be correlated to Synchrony acquiring PP Credit from Comenity.

 

Nevertheless, let’s enjoy this mutually beneficial arrangement!!

 

 

Savings: Save 30% gross income
Spending: Track every cent + PIF monthly expenses except 0% financing [PIF in 6 months]
Garden Goal #1: Mortgage ready Q4 2019

Garden Goal #2: No CC HPs until Q4 2020
Message 97 of 263
Regular Contributor

Re: Earn 3% on everything using one card - LONG UPDATE


@Namaste7 wrote:

@OmarR wrote:

I am wondering if this will come to an end when Synchrony takes over Paypal Credit.


PayPal (the company) allows the PayPal debit card to be funded by the 2% PP Cashback card. This benefit could be terminated at anytime; that said, I do not see how/why this would be correlated to Synchrony acquiring PP Credit from Comenity.

 

Nevertheless, let’s enjoy this mutually beneficial arrangement!!

 

 


Simple Answer:

 

ZERO Swipes & ZERO interest.

 

I only applied for Synchrony's Paypal card because of this 3% trick, so this means that Paypal's business debit card is what goes in my wallet. As someone who always PIF's, Synchrony gets NO swipes and NO interest from me.

 

Granted, I (we, here on this forum) are probably the exception to the rule. I am sure MANY millions of people swipe their 2% Paypal MC daily and always carry a balance. And this is highly unlikely to change. But if Synchrony's TOS/agreement is worth the paper it's written on...than the correlation is definitely there.

 

PP credit may be "on the side" and aside, but the more Synchrony becomes a bedfellow with Paypal, the more they can change terms to benefit their needs.

 

 

 

    EQ=823        TU=816         EX=807      INQ=1/3/5     UTIL=1%         AZEO
Message 98 of 263
Contributor

Re: Earn 3% on everything using one card - LONG UPDATE


@Venom911 wrote:
The rewards shows up on ur statement. U will get the extra 1% as long as you the transaction is pin-less.

Does this mean that when using the card on a swipe you can select credit rather than debit and get the reward? 

| AMEX | DISCOVER | SYNCHRONY | CITI | US BANK | BBVA COMPASS |
Message 99 of 263
Established Contributor

Re: Earn 3% on everything using one card - LONG UPDATE

Yes it means you have to run it as credit to get the 1% from the debit card. But either debit or credit should get you the 2% from the CC so 2% for debit transactions and 3% for credit transactions.
Chase UR: Amex MR:Citi TY:
Cash back:Travel:
Debit: + DCU savings acct for 5.12% APY for $1k
Message 100 of 263