• long running

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

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  • 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

    •  

      Agreed, Kogan is the best.

  • +7 votes

    I value my credit checks to be more than $250

    • +21 votes

      We all know you'll secretly apply for it.

      •  

        Or wait for a better incentive? (Usually initial release may not give the best incentive).

    •  

      How much do you value them for?

      • +3 votes

        at least $600 (or 60000 QFF points)

    • +3 votes

      Just an anecdote here, I've cycled credit cards on average 1.5 times per year (AMEX every 2 years), Other cards every 1 year. All for sign on bonuses obviously

      Apart from that though, perfect credit history, no late payments, 0$ ever paid in interest etc.

      I've never been rejected from anything so far (incl. home loan)… so not sure how much of a real impact a credit charge every year or so makes.

      That being said, I go for the 100K FF points which is worth a lot more than $250 cashback offered by this

      •  

        Try ANZ top CC, high fail rate

        •  

          This was actually the last credit card that I was on. And I believe the only (non-AMEX card) that I've been on it twice (if you're talking about the ANZ Black with 15K credit limit)

          •  

            @Kingfield: ANZ FF

            •  

              @SnoozeAndLose: yeah, that's the one. been approved for it twice

            •  

              @SnoozeAndLose: I had the ANZ FF black card before. I applied 4 CC in about 2 years time and the ANZ FF was the last one. All got approved. I had the ANZ and nab one for the same time both are $15000 limit. For the ANZ one my salary was too low at that time and I changed my payslip. I cancelled all my CC card last year.

              •  

                @RichardF89: I also have both before but last 2 years they keep rejecting, I only have 2 Amex with $4000 credit.

                •  

                  @SnoozeAndLose: are you sure you hit the income requirements? and 2 amex with $4000 credit total or $4000each?

        •  

          I have never been denied by ANZ across 2 x FF Black, 2 x FF Platinum, 1 x Rewards Black and 2 x Rewards Travel Adventures.

    • +1 vote

      Credit checks have no consequence when you already have a mortgage and a perfect credit history. Fire away I say.

  •  

    good. will cancel my AMEX

  •  

    Am i eligible if use spending on ebay purchases? Ill easy do 3k in 3 months.

  • +1 vote

    Foreign conversion fees? Can't find info on it.

    • +2 votes

      Seems to be 3.4% after the Visa conversion:

      "We charge you an International Transaction Fee of 3.4%, debited to your Account on the Transaction Date, of which a service and assessment fee of 1% is payable by us to Visa, for any Retail Purchase or Cash Advance transaction in: "

      So not for foreign payments…

      •  

        Wow that’s more than the standard 3% forex fee charged by most credit card providers isn’t it?

        •  

          Most providers have it at 3% but indeed some Citi-issued cards have a 3.4% forex fee for their MC/Visa.

          • +1 vote

            @Networks919: That’s ridiculous considering Australia already has some of the highest forex fees for credit cards in the world. Just wow Citi lol

            • +1 vote

              @tokyocalling: Probably the reason why they offer their Diners Club companion with no foreign transaction fees, although the rate is not as good as the MC/Visa when making the conversion.

              Citi does have no foreign transaction fee Premier/Prestige MC for their US market tho

              •  

                @Networks919: Yes, can confirm latest statement, using World Prestige MC in Oz without any fees. Has annual fee though.

      • +2 votes

        Ok, I'm out.

  • -2 votes

    Better to use discounted gift card for eBay. Use the points elsewhere where there is no discount.

    • +8 votes

      use this card to buy discount ebay gift card

    • +14 votes

      Do you have a credit card? Because document upload is a standard for cc applications.

    • +5 votes

      Don't understand why your personal aversion to a credit check results in a negative. It's a credit card, a credit check is expected in any application. And whilst there are better credit card offers, they are not mutually exclusive - getting this card not going to prevent you from taking the HSBC, Citi and ANZ offers as well

  • -1 vote

    What sort of future awaits PayPal without eBay? They seem to struggle for relevance.
    Receiving eBay payments was the only incentive for me to have a PayPal account. Should close it now.

    • +18 votes

      Some people use PayPal as a payment method to avoid exposing card details, and so they can pay with Amex where a merchant doesn't accept Amex directly.

      •  

        Being able to use AMEX for online Paypal KFC, Pizza Hut and Dominos orders is still a good win… do have to go through 2 extra hurdles but I'm okay with that.

    • +1 vote

      Firstly eBay accounts for only 11% of PayPal's 17 billion revenue.
      eBay seller fees was the only thing that changed hands, PayPal is still the preferred form of payment for buyers.

    •  

      I mean, it’s not like PayPal is still a major payment method available in a lot of other websites besides eBay, right?

    • +2 votes

      Using Diners Card online, when most places don't take it.

      Then get 1%+ return from Citibank. Win!

    • +1 vote

      Some merchants like utilities now accept Paypal without a charging a fee, whereas they charge a fee if you use your credit card directly. Would be great if someone could explain how this works. Is the Paypal cost cheap enough for the merchant that they're happy to wear the transaction fee? In which case how much, if anything does Paypal pay in credit card transaction fees when it charges your card?

      • +1 vote

        Part of the reason they accept it is because of the profile of PayPal users, e.g. they tend to be less likely to fall into arrears in utility companies, so the merchant is happy to cop the fee in exchange for good customers who aren't likely to cost them much in collections.

        • +1 vote

          Are you talking about same PayPal that only requires free sim card and equally free email account to signup?

  • +1 vote

    "Spend your points in PayPal’s Checkout"

    Weird terminology here.
    Does it mean normal PayPal checkout? So for example the rewards can be used to pay for eBay purchases and Telstra bills?

  •  

    What would be a good Credit Card with points and 0 international transactions fee?

    • +2 votes

      No foreign transaction fees - Bankwest Zero Platinum (no annual fee)

      With points:
      Velocity Points/Flybuys - Coles Rewards Mastercard ($99 annual fee)
      Qantas Points - Bankwest Qantas Platinum ($160 annual fee)

      •  

        You forgot 28 degrees, no points

  • +2 votes

    Backed by Citibank. Thanks but no thanks.

  •  

    that's equivalent to 0.5% saving. there are other cards that can return like 1%. Some flight programs if converted to business class tickets can give like ~2 to 3%

  • +3 votes

    Just did a quick comparison of some no annual fee cards based on spending $10,000, and assuming you redeem for gift cards that you're very likely to use (obv flights are always the best redemption by far but can't see that happening for me for a long time - happy for someone to do the maths on a typical Syd-Mel flight with these others):

    Paypal card: Spend $10000 at eligible stores, earn 10000 points, redeem for $50 cashback at eligible stores
    Westpac Altitude Black ($250 annual fee but sometimes free with mortgages): Spend $10000, earn 12500 Altitude points (base rate ie normal purchases), redeem 11,750 for $50 Woolies gift card
    Coles Mastercard Platinum ($0 annual fee if on legacy card): spend $10000 (on Coles partners eg KMart, Coles), earn 20000 flybuys, redeem for $100 at Coles checkouts
    Amex Essential: Spend $10000, earn 10000 points, redeem for $50 Westfield card

    So takeaway for me is Coles Platinum legacy card clearly the best redemption rate assuming you spend a lot on groceries (you only earn when spending at a Flybuys partner like Coles or KMart).

    So for redeeming on $50 gift cards or cashbacks, the new Paypal card is roughly on par with these other annual fee cards - and better if you don't have the Coles Platinum legacy card or a Westpac Altitude Black with a Westpac mortgage.

    If you have a normal Coles Mastercard, then here's what separates them in reality: Westpac Black good if paying for flights as you earn 6 points for paying for flights, Amex Essential good for buying a phone, because of hugely discounted smartphone screen repair twice a year…and PayPal's good for that sign up bonus.

    Oh, and I haven't counted Westpac Black's free travel and extended warranty insurance as a benefit because it has a $250 excess like many of the non-Platinum Amex cards. To me that is almost worthless outside of a catastrophe.

    •  

      is Coles legacy the one when it was with GE money and had the good insurance and not being issued anymore?

      •  

        Yep. So glad I held onto it. The Coles Platinum No Annual Fee Mastercard (ie the second version) is pretty lousy - it earns half the abovementioned no annual fee competitors. The Coles Platinum Rewards cards earn the best with 3 points per dollar spent at Coles and partners, but it no longer seems available. There's a. The "regular" version of that card earns the same as my Coles Platinum legacy card but has an annual fee of $99 and no fancy insurance benefits. It does, however, have zero international exchange fees (whereas mine does!)

        https://www.coles.com.au/content/dam/coles/coles-financial-s...

        I totally forgot until a year or two ago that it gives you Alliance insurance for extended warranty and purchase protection (ie if you break something, sadly not the price matching) too. Though the items that benefit most from that (TVs, vacuums etc) usually aren't purchased from Coles or a partner, so you won't earn points as you would with Amex. If you have an Amex Platinum, use that to buy anything over $50 that might break down.

        •  

          I got both

          The 2 year price protection from same business is probably the best feature other features aee pretty average

          Used to be the Coles Source MasterCard

          That 3points per dollar for coles rewards mc is only up.to first $3000 and then 1 afterwards.

          Do you have the PayPal cc?

    • +4 votes

      to buy from Coles and kmart it is better use 4% off egift card for $10,000 you save $400

      •  

        You mean the egift cards from Flybuys or the Paypal one?

        •  

          no check the ozbargain gift card page.

    •  

      Nice comparison +1

  • +1 vote

    This is huge - has anyone found restrictions on what purchases constitute an "eligible purchase" and contributes to the $3,000 cap?

    •  

      it's just $250 free cash when you meet the bonus… other than that the point per $0.005 is pretty much everywhere

  • +1 vote

    Paypal froze my account about 10 years ago after selling and buying items on OCAU, had to send my drivers license and passport. Recently they did it again, but I only use paypal for KFC and Ebay.. horrid company, I swear they freeze accounts just to give the American secret services passport photos.

  •  

    another Shitibank credit card

  •  

    Would purchases via ZIP Pay and AfterPay be eligible for points, I wonder? T&C's doesn't exclude buy-now-pay-later services explicitly. Could be a potential work-around for some restrictions…

  •  

    "International Transaction Fee of 3.4%"

    Holy hell! Nooooo way, na huh, deal breaker right there.

  •  

    Great. What have they got against retirees? Surely an income test is enough.

  •  

    Forgive my ignorance, but does this mean that I can have 1 card which can access any PayPal account so I don’t need to keep my debit, and 2 x credit cards with me?

  •  

    This doesn't work with Google or apple pay yet right??

    Couldn't find any info on it about mobile device pay.

  •  

    Damn. Its time to damage my credit scores.

  •  

    Am I the only think the card is too blue :D?

  •  

    When I go to apply for this card from the link on my phone I get a Malware warning,I tried from my PC and got a Phishing warning from the site so I logged out. If I log into my PayPal account normally this deal isn't shown anywhere on the site that I can find, It's not listed under "Offers" either? Is it possible that PayPal site has been hacked as it seems funny that I'm getting warnings on both PC and my phone that have up to date antivirus installed?

  •  

    I have accumulated too many credit cards… But I do financial gymnastics with them and do the balance transfer rotation :) Sadly if I want to keep them, I dont apply for any more.. Average interest rate is 3% on nearly $170K
    I did do a check on how much I could borrow for a home loan , it was zero LOL.. I do have a home with a line of credit at 5.3% for investment purposes…

    I might see if 1 of my kids wants this paypal card…

    You can have up to 4 additional card holders …just gotta make sure you keep a track of who is spending LOL

  • +1 vote

    Just FYI Citigroup does not yet support Google Pay.

    • +1 vote

      Cheers! Was considering this, but lack of Google Pay support is a deal-breaker for me.

  •  

    Any complementary insurance? (Eg: International travel?, Purchase protection? Extended warranty? )

  •  

    Rejected and they never specify the reason.I do not know what I need to do to get a credit card and build credit

  • +1 vote

    I am so confused by this "card"… I think I got approved but is this a digital credit card or physical? Do they actually send me something or they expect me to use through Paypal? Anyone know?

    •  

      I think they send a card - it says "activate your physical card" in my PayPal account. Only just got approved today

      •  

        Mine got approved within half an hour but I could only see this when I log onto PayPal. They didn’t even bother sending me an acknowledgement email. The whole process is confusing to say the least.

        •  

          @fuzor what documents you were asked to upload ?

    •  

      Wondering the same. If it's digital only, how can I get the full card number so I can use it with merchants that don't accept PayPal?

      In the PayPal wallet it only shows the last 4 digits.

      EDIT: Found the answer in the FAQ…

      For in-store purchases, you will need your physical card. Once you receive it, log in to your PayPal account and click on ‘PayPal Rewards Card’, then follow the instructions to activate your card and set a PIN. Make sure you have your card and mobile phone handy as we may send you an SMS as part of the set-up process.

    •  

      Yes, you get sent a regular card (chip, paywave). Got mine today.

  •  

    Mine got approved 30 mins ago. They notified me via message and emails at the same time. The message said Your Paypal Rewards Card is on the way.

  •  

    Just bit confused! So with Paypal card do you still check out like normally do with Paypal (and link paypal credit card instead of usual) or do you pay using credit card option?

  •  

    International Transaction Fee of 3.4%

    you got to be joking

  •  

    So the card turned up today and tried to use it with Android pay and it wonr let you add it. I wish I knew that before I signed up.

    •  

      Yeah I noticed this as well after getting my card. Not too sure if its Google charging too much for the "service" or if Citibank just havent gone to the effort of implementing something like this.

      •  

        Probably not gone to effort. Select citi cards work.

    •  

      I'm using a virtual credit card (BNPL service) to bypass this, and also to earn points on "government" purchases.

      •  

        How does that work? Is it through zip or after pay and it gives you a virtual credit card?

        •  

          Don't know about After Pay, but I have Zip Pay, which you can link to Google Pay as a virtual Visa card with full tap & go etc. So any purchases just go onto my Zip account.
          I then have the PayPal Visa as a payment method to pay off my Zip Pay account, which earns points on the PayPal card coz PayPal won't know what the Zip purchase was.

      •  

        What are 'government' purchases?

        • +2 votes

          From "PayPal Rewards Card Rewards Terms and Conditions" from the T&Cs:

          Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions (such as Fixed Payment Options or Instalment Plans), BPAY payments, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Citi Accounts, bank fees and charges such as interest and ATM charges, transactions made using Rewards Points and government related transactions. Government related transactions include transactions with government or semi- government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

          Please note that whether or not a transaction is an Eligible Transaction will be determined based on information provided either by the merchant or the relevant financial institution (including information about the type of business conducted by the merchant). This means that, for example, spend with certain merchants may be characterised as spend with a government related entity and therefore not an Eligible Transaction, even if that merchant is not in fact a government related entity.

  • +3 votes

    CIti just (profanity) off

  • +2 votes

    OMG PLEASE save us from this evil company!

  • +1 vote

    i made a purchase in aud from suitsupply and i was charged 3% forex fee. when i contacted support, they told me the retailer charged me the forex fee, and they tried to upsell me a balance transfer offer..??? feeling robbed

  •  

    Looks like also no balance transfer fee based on the fine print I read.

  •  

    Has anyone spent the $3k and received points already? T&C's say it may take 8 weeks…