PayPal MC nerfed from 2% to 1.5% for non-PP purchases 7/31

[notmyrealname23]

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@longtimelurker wrote:

Has any existing user received notification?   My last (Apr) statement still advertises 2%, waiting for the May one!

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"Important update to your PayPal Cashback Mastercard" just showed up in my email.

Starting on August 1, 2024, Eligible Purchases made using your card but not through PayPal checkout will now earn unlimited 1.5% cash back.

[DoppelgangerD]

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@notmyrealname23 wrote:

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@longtimelurker wrote:

Has any existing user received notification?   My last (Apr) statement still advertises 2%, waiting for the May one!

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"Important update to your PayPal Cashback Mastercard" just showed up in my email.

Starting on August 1, 2024, Eligible Purchases made using your card but not through PayPal checkout will now earn unlimited 1.5% cash back.

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I got the same just a couple of hours ago. 

[longtimelurker]

But hey, it's unlimited!

[Creditsen]

I just got the email, as well. Perhaps it is time to come out of the garden. Maybe Citi Double Cash...

[Anonymous]

The reddit post is growing fast

https://old.reddit.com/r/CreditCards/comments/1d41wh6/paypal_mastercard_2_is_decreasing_to_15/ 

I am disappointed, but it was nice while it lasted.

I will still be using it as my DD.

There are really only 3 or 4 (5?) other 2% cards after you remove the geolocked and/or hoop jumping, and the high req cards (like having 50to125k invested/deposited.

[swankytiger]

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@Creditsen wrote:
I just got the email, as well. Perhaps it is time to come out of the garden. Maybe Citi Double Cash...

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Why not the PNC Cash Unlimited? since you already have a relationship with them.

[Wu-Credit]

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@swankytiger wrote:

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@Creditsen wrote:
I just got the email, as well. Perhaps it is time to come out of the garden. Maybe Citi Double Cash...

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Why not the PNC Cash Unlimited? since you already have a relationship with them.

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I agree, especially since it has no FTF. That or maybe the SoFi Unlimited.

[notmyrealname23]

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@Anonymous wrote:

The reddit post is growing fast

https://old.reddit.com/r/CreditCards/comments/1d41wh6/paypal_mastercard_2_is_decreasing_to_15/ 

I am disappointed, but it was nice while it lasted.

I will still be using it as my DD.

There are really only 3 or 4 (5?) other 2% cards after you remove the geolocked and/or hoop jumping, and the high req cards (like having 50to125k invested/deposited.

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I have two of them (Fidelity Visa and SoFi MC) and they're both brokerages I use so "OMGZ YOU MUST HAVE AN ACCOUNT OH NOEZ" is a big huge shrug to me, and both cards also have no FTF (which is also a killer for me, just this week I bought SNCF and Eurostar train tickets in EUR), unlike Synchrony's last nerf on the card (adding FTF).

[Anonymous]

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@notmyrealname23 wrote:

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@Anonymous wrote:

There are really only 3 or 4 (5?) other 2% cards after you remove the geolocked and/or hoop jumping, and the high req cards (like having 50to125k invested/deposited.

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I have two of them (Fidelity Visa and SoFi MC) and they're both brokerages I use so "OMGZ YOU MUST HAVE AN ACCOUNT OH NOEZ" is a big huge shrug to me, and both cards also have no FTF

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Both are very nice options, and would have to fall in the top of the list of best 2% cards with no hoop jumping.

In my opinion, simply having to make a $0 account isn't a hoop jump.

The Fidelity Visa is on my far future list. I have 2 chase cards to apply for first after July 2025.

[CreditCuriosity]

Tis the season for nerfs apparently on many cards.  Thought for sure PP MC woul be ok due to interest rates and ppl that carry balances