PPMC adding foreign transaction fee starting on 7/25/21

[Anonymous]

PayPal Cashback Mastercard is adding a 3% foreign transaction fee starting on 7/25/21.

[AllZero]

Thank you for sharing the information.

[Slabenstein]

Booooooo.    I don't even have one, and that's what I have to say about it.

[Anonymous]

Boy Synchrony really wants to shed a lot of customers. All of these shutdowns, the total loss of the Marvel account, now the FTF for PayPal Cashback (which make no mistake was a huge perk of this card over many other options)... What's next, Amazon Store Card goes to Capital One like Walmart before it?

[longtimelurker]

---

@Anonymous wrote:

Boy Synchrony really wants to shed a lot of customers. All of these shutdowns, the total loss of the Marvel account, now the FTF for PayPal Cashback (which make no mistake was a huge perk of this card over many other options)... What's next, Amazon Store Card goes to Capital One like Walmart before it?

---

True, currently the only time I use the card is for foreign transactions.    Makes the Penfed option look more attractive (and of course AOD)

[babygirl1256]

Wow . . . that's a bummer . . . thanks for posting!

[notmyrealname23]

That's some serious nerfing going on; this basically makes the card duplicative for me save for padding CLs- the side benefits are lame since mine is a MC not a MC World Elite, and I'm carrying a SoFi MC World Elite + Fidelity Visa Signature...

[fuzzle]

Goes from being my favorite card to the sock drawer, though there are not enough other options. The bright side is I won't get nervous every time I see the Synch shutdown thread

[longtimelurker]

I also think the FTF change is pretty rare.    The ones I remember are all the other way, a card drops the FTF.    I wonder if the card was heavily used for foreign transactions and so was expensive for them, or if it's just a "why not, get some extra money that way"

[joltdude]

I was actually pondering this card as a second option and this was the reasoning why... An MC with no FTF with a decent cashback... 

Another reason to pass this offer up and stay in the garden....,

-J