• long running

PayPal Rewards Card: 50,000 Points ($3,000 Spend in 3 Months), $0 Annual Fee

1552
  • 50,000 Bonus Points
    • Spend $3000 or more in the first 3 months from card approval on eligible transactions and you’ll receive 50,000 bonus points.
  • $0 annual credit card fee
    • There are NO annual fees on this credit card, zero, zilch.
  • Uncapped rewards points
    • Earn 1 point for every $1 spent on eligible transactions.
  • Spend your rewards where you shop or use your points to pay for specific transactions
    • Spend your points in PayPal’s Checkout at 750,000+ eligible PayPal businesses
      • 2000 points = $10 to use at checkout.
    • Select an eligible transaction in your PayPal Rewards Card account and use your points to pay for it.
      • 2000 points = $7 to use in your account
  • 0% p.a. for 20 months on balance transfers
    • Balance transfer then reverts to cash advance rate at end of promotion period. There are no interest free days on retail purchases while you have a balance transfer.
  • Instalment options
    • Pay off your purchases in monthly repayments over a set term.
  • Visa Zero Liability
    • Shop worry-free at millions of merchants, anywhere in the world.
  • Up to 4 additional cardholders at no cost
    • All eligible spend by additional cardholders contributes to your rewards!
  • International Transaction Fee of 3.4%

The eligibility criteria you must meet to apply for the PayPal Rewards Card are:

  • Be 18 years or older and a permanent Australian resident
  • Have permanent full time or part time employment or self employed
  • Earn more than $35,000 a year
  • Have an Australian mobile number and a valid email address
  • Have (or open) a PayPal account

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Comments

  • +77 votes

    Wait what…PayPal now has credit card?

    Looking forward to an OzBargain card…

    • +29 votes

      if its going by the principal of ozbargain, you will only be rewarded point for any real saving you make and if you manage to score price error then you will get bonus point.
      the best part is that the point is redeemable for negative vote

      • +8 votes

        You get 1 point for every $ you pay under RRP. And you lose points is you pay above RRP

    • +1 vote

      Ppl Always had CC in the US which wasn't available in Australia.

  • +12 votes

    So $250 free money with no annual fee - just gotta spend the $3k

    •  

      Yes, if spent at one of the 750,000+ eligible PayPal businesses. Otherwise $175.

      •  

        What do you mean otherwise? Where else can we spend it?

        • +1 vote

          2000 points = $10 credit at eligable businesses, or $7 in your paypal account (presumably able to withdraw for cash)

    • -3 votes

      50000/2000=$25? How is it $250?

      • +4 votes

        2000 points = $10 to use at checkout.

        • +13 votes

          I need more sleep

      • +1 vote

        25x10
        Because every 2000 = $10

  •  

    Guess it's good if you complete the HSBC + WSTPC Cash back

    •  

      Oh may I know how come?

      • +1 vote

        They are just worth more than $250 i mean

    • -2 votes

      What is watpc

      • +2 votes

        I think they mean Westpac Banking Corporation

    • -1 vote

      Westpac and hsbc rejected my application. So not happy.

  • +1 vote

    Any price protection insurance?

  •  

    is this a visa or master card?

    •  

      it is visa

    •  

      Out of curiosity, why does it matter? They are almost identical I think.

      I haven't found one business that only accept one not the other

      • +25 votes

        forex on master is cheaper than visa

        • +2 votes

          Oh I didn't know that. Thank you

        • +12 votes

          OMG 😱 you are an A+ ozbargainer

        • +4 votes

          Not if you’re with ING ;)

          • +2 votes

            @JSONBourne: I think they mean the rate, not the fee that is charged by the issuer. Could be wrong though.

        • +4 votes

          Doesn't really matter since this card has a 3.4% foreign transaction fee :(

        •  

          30 can block at Dan’s are on special all the time so shouldn’t be an issue.

      •  

        It used to matter in some overseas travels as they weren't both available.

        •  

          After ANZ withdrew from Timor east a few years ago the only card supported in the country is VISA

  • +1 vote

    So Paypal Visa card LinkedIn Paypal account?

  • +10 votes

    6k minimum. This is a platinum card….without platinum benefits (insurance, concierge (though this is gone for a lot of cards too now)

    • +6 votes

      but no annual fee

      • +2 votes

        Just pointing out the difference between just a few years ago to now.

        Some people has the signature citibank. Some got the HSBC platinum free for life. Now we have this.

        •  

          how to get them free for life?

        •  

          that Citibank Signature Visa card has changed now to Citi Premier Mastercard.
          Still without Annual Fee, but no longer Visa.

          • +1 vote

            @whyisave: Yes it is now.

            But I'm talking about the past deal. It is 300 per year now. There are no platinum/signature cards that is fee free for life.

            It also recently got some phone insurance aswell, which makes it even better (for a free card).

            •  

              @mbck: I really liked the Citi Signature card,
              but now they have put me onto that Mastercard.
              ( and Citi also added phone insurance,
              which I also just got as part of the AMEX card offer, last week )

  • +30 votes

    Beware it's VISA from Citi bank. I had very bad experiences with Citi bank credit card application. They rejected me several times.

    • +6 votes

      Thanks for pointing it out, I’m gonna pass as well (have similar experience with them)

      • +2 votes

        Citi bank are exiting the Australian financial market anyway

      • +2 votes

        Citibank are useless and I have never been rejected by them.

    •  

      Though, politely, an individual having even several bad experiences with a bank suggests, to me, possible problems with the individual, before the bank. Amazing how humans (don't) evaluate risk and balance anecdotes very well.

      • +7 votes

        Well, when you apply with another reputed bank just after rejection from citi, and they approve you even after citi’s rejection without any other financial changes on that individual, just points out it’s the bank’s problem isn’t it? Not once, but twice over the last few years; speaking from experience.

        • +10 votes

          (let's not start an argument in the absence of facts) but different banks will have different, possibly not disclosed, thresholds for approval. We don't know.

          •  

            @chrism238: Yes agree, they probably have a higher stringent process and threshold for approval.

            • -1 vote

              @PrasangaD: I believe this is a sarcasm. If they keep doing rejecting application, no wonder they will have small market and leave Australia soon

          •  

            @chrism238: yep even for homeloan approvals. case by case

    •  

      same here

    • +1 vote

      For me my experience with 2 Citi-related cards was okay. Applied for the Qantas Premier Everyday card and the Citi Premier Qantas one. Approved within 24 hours.

      Although I don't know how it would go if I applied for a Qantas Money card a 2nd time after cancelling the first. Maybe thats when the issues arise.

      • +1 vote

        They don't care, their KPI is new customer, as long as you meet that criteria you are new customer there is nothing wrong about that… after all, OZBers are a rare species….

    • +1 vote

      I've had 2x Kogan cards via Citi and a Citi Rewards application. Very easy and pain free process in my case. Quick approval

    •  

      It's also quite a modest bonus compared to other Citi credit card offers.

    • +4 votes

      Yes, I had the same bullshit experience with Citibank's VISA application.
      I was declined then I took it to social media and exposed how terrible they were.
      Then someone contacted me and told me they are happy to re-assess it again.
      Then after a few days later, I was approved…
      They were seriously bullshit….

      •  

        yes it does happen :-(

    •  

      My Citi Rewards VISA has been great. Have got heaps of free money from them since last year through various promotions in the form of cashbacks and supermarket giftcards (although they do take an annoyingly long time to pay these).

    •  

      I can second this. They rejected me for only a 2k limit credit card.

  • +3 votes

    No Apple Pay?

    • +7 votes

      They want you to use PayPal not Apple Pay

  • +7 votes

    PayPal Credit Pty Limited ABN 66 600 629 258, Credit Representative number 527212 promotes and distributes the PayPal Rewards Card as an authorised credit representative of Citigroup Pty Ltd ABN 88 004 325 080, AFSL/Australian credit licence 238098 (Citi). Citi is the credit provider and issuer of the PayPal Rewards Card.

    •  

      That's the first thing I checked, credit provider. Citibank it is…

      • +13 votes

        is this Ozb version of credit check?
        checking the credit provider

        • +2 votes

          Ha ha. Fussy lenders aren't my usual preference. Considering I haven't applied for unsecured credit for so long, I'm out of touch on what's happening in the credit market these days.

  • +2 votes

    0.5% 'cash'back as other credit cards.

    Nothing special?

    •  

      Apparently no. My ANZ black card gives me 0.85%.
      Saw recently they have 180k points promotion with zero annual fee. That’s about $800k cash back if you get approved and meet the minimum spend criteria.

      • +20 votes

        holy smoke, could you please give me a link?
        I could prob buy a house with the cashback!

      • +3 votes

        "$800k cash back" - that's a lot of cashback - enough to make a big dent on a home loan…

        •  

          Lol ok I got carried away with points vs $$ :) :)

          • +3 votes

            @PrasangaD: Is this the card you are referring to? When I saw cashback i started googling but can't see it as a feature of this card

            https://www.anz.com.au/personal/credit-cards/rewards/black/

            Edit - I see your point, you are referring to the 180k bonus points and converting it to a 'cashback' version of 0.85%.. cashback isn't a feature in general of the card.

            • +2 votes

              @ezza: https://www.ozbargain.com.au/node/614545

              Already posted as a long running deal, but sadly as the OP there, I was already on a different (less valued) promotion with ANZ black.

              Yes and that too only when you convert your points to general gift cards like coles, woolies. Otherwise the rate is a bit less than 0.89% (edit)

              PS: ANZ also has a wide variety of vendors with bonus points; sometime up to 10 bonus points per $. Which means for some retailers, going with their rewards scheme is better value than CR or SB.

      •  

        Note that is zero annual fee only in the 1st year

  • +1 vote

    Seems you can earn points on anything e.g. does not exclude ATO and Gov departments.

    •  

      If it works that is not a bad option. I've had client pay huge quarterly PAYG instalments via their CCs (before they shut down ATO / gov eligibility) as the reward points were worth more than the CC fee.

    •  

      how about bill payment?
      wonder if Gov department excludes rego D:

    •  

      Citi will always exclude ATO

    • +3 votes

      Unfortunately, point 2 in the T&C's excludes government transactions:

      2 You can earn 1 Rewards Point per whole Australian dollar of eligible spend. Eligible spend comprises Eligible Transactions, which means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions and BPAY payments. Please note that the government related transactions are also not eligible to earn Rewards Points.

      • +3 votes

        And note that Citi have a super broad definition of government transactions, i.e. it includes non-government transactions as well, such as purchases at Australia Post and payment of utilities.

      •  

        Based on 2 separate chats with PayPal, purchases with Zip Pay counts as "eligible purchases" (probably Afterpay as well). When paying off your Zip Pay account, what the original purchase was doesn't get passed onto the credit card. So that may be a work-around for these payments (pay bills first with BNPL, then pass that purchase onto the CC)

  •  

    Is it backed by a bank?

    •  

      Citi

    • +2 votes

      It is a credit card from Citibank. Just like Coles or Kogan credit card.

      But Citi is putting Citibank AU for sales.

  • +1 vote

    No annual fee pts rewards cards by Citi ranking:

    Kogan > PayPal > Coles

    •  

      Qantas?

      •  

        I think all Qantas cards by Citi have annual fee.

    •  

      how is coooogan's reward?

      • +1 vote

        pretty sure you get some kogan points from kogan credit card, whether they're worth the hassle is the different story