PayPal Extras Mastercard® Review As the name implies, the PayPal Extras Mastercard ® was designed to reward faithful users of the PayPal payment platform. That results in roughly a value of 2.5 cents per dollar on gas and restaurant purchases, 1.67 cents per dollar on PayPal and eBay purchases and 0.83 cents per dollar on other purchases. 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases. Ganz einfach Geld erhalten und ausgeben – eben alles über ein Konto, ohne monatliche Gebühren und ohne Geld auf Ihr Bankkonto überweisen zu müssen. 800 points for gift cards for restaurants, gas, retail, and more, 3,000 points for merchandise including housewares, electronics, and sports equipment, 15,000 points for a travel voucher for future airfare, hotel, or car rental. Earn 2% cash back on all eligible purchases—and when you redeem it to pay down eligible debt, save, or invest with SoFi. Diligently searches for the best products and delights in a good bargain, Prioritizes sticking to their budget while buying what they want and need, Amtrak Guest Rewards® Platinum Mastercard®, Royal Caribbean® Visa Signature® Credit Card. • Point Value: PayPal Credit Card points are worth less than 1 cent each when redeemed for cash back. Every purchase you make through PayPal or on eBay earns extra rewards, which you can turn … The COVID-19 pandemic that has kept people indoors may have affected how you work and get paid but with PayPal, you still get your money. Earn 1% in Disney Rewards Dollars on all card purchases. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. You can get higher earnings and redemption rates on restaurant, gas, PayPal, eBay, and all other purchases with other credit cards. With the PayPal Extras Mastercard, cardholders earn points on every purchase, just like the cashback card. The PayPal Extras Mastercard is one of two credit card options exclusively for Paypal customers with good credit, and it’s by far the less flexible. Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. 5x Apfel Ananas. The PayPal Extras Mastercard offers 3 points per $1 spent on gas and restaurant purchases, 2 points per $1 spent via PayPal and eBay, and 1 point per $1 spent on everything else. PayPal Prepaid Mastercard Review. You can learn more about the standards we follow in producing accurate, unbiased content in our. We also reference original research from other reputable publishers where appropriate. PayPal has thrown a serious contender into the credit card race with its new cash back card. Use precise geolocation data. The PayPal Cashback Mastercard is a rare pick with a rich cash back program and other valuable perks, including no annual fee. Read other details about PayPal Extras Mastercard® and apply online. Unfortunately, the rewards earning rates combined with the reward redemption rates result in a very poor value for the vast majority of consumers. The information advertised on the card’s website is limited to: Keep in mind, too, that you must have an active PayPal account linked to your credit card. Earn 3 points per $1 on gas and restaurant purchases, 2 points per $1 on PayPal and eBay purchases, and 1 point per $1 on all other purchases. J.D. Synchrony received a score below the average.. For example, if you have 7,000 points, you can redeem only 6,000 for the $50 credit. Disclosure: This post may contain references to products from our advertisers. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket). The PayPal Cashback Mastercard® is a simple card that offers one of the highest flat cashback rates on your purchases. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas: With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. PayPal Extras Mastercard Review The PayPal Extras Mastercard offers a decent rewards rate when you’re at the gas pump or dining out, but the points you’ll earn may not be worth much and are tricky to use. When you redeem your points for cash, you get 0.83 cents per point, but the value for other redemption options is less clear. Earn 1% in Disney Rewards Dollars on all card purchases. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Redeeming the rewards you’ve earned isn’t as simple as it is with the PayPal Cashback Mastercard, and you’ll get a meager 0.83 cents for each point if you use them like cash. This in-depth review of PayPal’s prepaid and debit cards — PayPal Prepaid Mastercard® and PayPal Cash Mastercard — explains the benefits, fees, drawbacks, and differences between these card options. The PayPal Extras Mastercard®, which has a $0 annual fee, earns bonus points on everyday spending, including gas, restaurants, PayPal and eBay purchases. You’ll get 3X points per dollar spent on all gas and restaurant purchases, and 2X points per dollar spent on all … Power. We publish unbiased reviews; our opinions are our own and are not influenced by payments we receive from our advertising partners. A better option is redeeming 6,000 points for $50 PayPal Cash which results in a 0.83 cents per point valuation. Precious Custom Jewelry. This card offers Mastercard ID Theft Protection 24 hours a day, 365 days a year at no charge if you believe you are a victim of identity theft. If you redeem your rewards for cash, you’ll get the equivalent of 1.66 cents for every $1 spent on the Extras card, versus 2 cents for every $1 spent on the Cashback card. Synchrony won’t issue you both cards. Watch later. To redeem a $50 credit into your PayPal balance, you must have 6,000 points, and partial rewards are not an option. No one can influence which cards we review, the way we present them to you, or the ratings they receive. Learn about our independent review process and partners in our advertiser disclosure. To add your rewards to your PayPal balance—which can be used to send money to friends or make purchases—you’ll need a PayPal Cash or PayPal Cash Plus account. And there’s a PayPal app you can use to spend or transfer cash rewards redeemed to your PayPal account. Efforts have been made to keep the content up to date and accurate. It sounds good: 3% on gas and restaurants. Earn 3x points on travel immediately after earning your $300 travel credit, 3X points on dining at restaurants, and 1 point per $1 spent on all other purchases. Earn Reward Points* on every purchase and redeem** them for rewards like gift cards, merchandise, cash back, and travel vouchers. Coverage includes an online monitoring dashboard, monthly risk alert and newsletter, identity monitoring, resolution services, lost wallet assistance, single bureau credit monitoring from TransUnion, financial account takeover protection, and URL or domain monitoring. The PayPal Extras Mastercard is burdened by cumbersome redemption tiers, poor redemption value and restrictions galore, making it a hard sell even for frequent PayPal users. Other redemption options also apparently require certain thresholds to be met, though the numbers are relatively meaningless without knowing what you can get for them (and a PayPal spokesperson didn’t respond to our inquiries). The national average was 810. You can review our list of the best cash back credit cards for what we think are better options. 2 points per dollar on PayPal and eBay purchases. You earn 3 points per dollar on gas and restaurant purchases, 2 points per dollar on PayPal and eBay purchases, and 1 point per dollar on other purchases. Store and/or access information on a device. And your points don’t last forever, so don’t wait too long to redeem them. US Bank FlexPerks Gold American Express Review: An Underrated Card? 5x Kirsch Mandel . The PayPal Extras Mastercard has three main rewards earning rates. Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). The eBay Mastercard® lets cardholders earn rewards primarily tailored to eBay purchases with. Earning 2 points per $1 on PayPal and eBay purchases may seem like a decent rewards rate, but you may get more value for the same purchases with the PayPal Cashback Mastercard. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned. To make matters worse, reward points expire 24 months after you first accrue them or if you don’t make a purchase with the card for 24 consecutive months. Once you have your card, you must call PayPal or log into your account online to obtain the number of reward points required for a particular award. To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Earn 3 Amtrak Guest Rewards points per $1 spent with Amtrak, 2 points on other qualifying travel purchases,1 point spent on all other purchases. PayPal Extras Mastercard® reviews and complaints Satisfied customers say … Plus, you’ll get help with disputes so you’re not held responsible for fraudulent transactions. Both of these cards can be used for purchases anywhere Mastercard is accepted.If you don’t have a PayPal account, you’ll need one to reap the full benefits of these cards, including redeeming cash and points directly to your PayPal account. You’ll get 24/7 monitoring of suspicious online activity and can even ask that specific domain names be checked regularly. The Balance requires writers to use primary sources to support their work. The problem is PayPal doesn’t make it easy to figure out point values. Like many cards in the rewards category, there is no annual fee. Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes: Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. Create a personalised ads profile. Unfortunately, it can take a while to build up a 6,000 point balance and smaller redemption amounts are not available. Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Normaler Preis SALE € 69 Alle Geschmacksrichtungen in einem Paket. You can redeem points for gift cards starting at 800 points for a $5 gift card, a value of 0.625 cents per point. Actively scan device characteristics for identification. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees. Sofort versandbereit für Dich! There are many other restrictions for air travel, including no circle trips, no open-jaw tickets, and more. For PayPal, eBay, and all other purchases, a simple 2% cash-back card would earn you more value per dollar spent. Be careful not to confuse the card we’re reviewing here with another card offered in conjunction with Paypal: the PayPal Extras Mastercard. Here’s a closer look: PayPal Extras Mastercard The PayPal Extras Mastercard® is a decent credit card, offering rewards for using the card on PayPal and Ebay purchases, as well as Mastercard benefits. For restaurant and gas purchases, you can earn higher cash back or rewards rates with several other credit cards that treat those as bonus rewards categories. ), Decent rewards rate on gas and restaurants. 2 MyCruise points for every $1 spent on qualifying purchases with Celebrity Cruises® and our sister brands, Royal Caribbean® and Azamara®.1 MyCruise point per $1 on all other purchases. Why the PayPal 2% Cashback Mastercard is Overrated. Select personalised ads. One other drawback: Unused points expire 24 months after they were first accrued. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns. Should You Redeem Credit Card Rewards Through PayPal? While the potential to … Reviews Search; Cart ️ START CUSTOMIZING NOW . Earn 1 point per $1 for other eligible purchases. Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. Learn if this card is a fit for your wallet with our in-depth review. 1% on other stuff. For a cash-back card, it doesn’t get much better than the PayPal Cashback Mastercard. Besides the foreign transaction fee of 3% and hefty APR, the fees on the PayPal Extras Mastercard are in line with the rest of the industry. To see how we calculate these scores, check out our, See how this card stacks up to the competition. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel. These include white papers, government data, original reporting, and interviews with industry experts. The PayPal Extras Mastercard comes with identity theft protection if you enroll in the service. Shopping. 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases. For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges. PayPal Extras MasterCard Review: Earn Up to 3X Points. Synchrony Bank, which issues the Paypal Extras Mastercard, ranked seventh out of 11 national card issuers in the J.D. Learn more about how we review products and read our advertiser disclosure for how we make money. Investopedia is committed to delivering the best credit card recommendations in the industry. The valuation depends on your specific redemption option, and estimated point values are not available unless you're a cardholder trying to redeem your points. Customer service is available around the clock by calling the number on the back of your card or 866-657-5788. Extreme PayPal fans would likely be better served with the PayPal Cashback Mastercard that offers 2% cash back and no annual fee. According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. With airfare, a Saturday night stay may be required, stopovers of more than four hours are not allowed, and you must complete your travel within 30 days of your original departure. Redeeming rewards can be extremely restrictive. We also assign value to sign-up bonus offers and their initial spending requirements, when present. The PayPal Extras Mastercard is a PayPal-branded credit card that automatically enrolls members in its Rewards Program. ET seven days a week. If you’re an avid user of PayPal (you must have an account to apply), the PayPal Cash Back Mastercard may be a better alternative. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. It carries a variable APR of 21.49%, 25.49% or 28.49% (as of 12/18/2019) based on creditworthiness and is only available to U.S. residents. Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. The PayPal Prepaid Mastercard is designed for consumers who want the convenience of paying with plastic but don’t want (or don’t qualify) for a regular credit card. Select personalised content. You can read our advertising disclosure here. PayPal Cashback Mastercard® Overview. Air travel, hotel, and car rental redemptions must be made at least 21 days in advance of travel. The PayPal Extras Mastercard is another option, but it has a tiered rewards scheme that favors gas and restaurant charges. All with the added benefit of no annual fee. Definitely interesting to see another 2% card in the game. Expert review. At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. If you are a frequent user of PayPal, you may be familiar with PayPal’s previous Mastercard — PayPal Extras — an uninspired points-based card that offered a very poor return on its rewards points. The PayPal Extras Mastercard lets cardholders redeem rewards points for cash back, gift cards, travel and merchandise. Earning 3 points per $1 spent on gas and restaurant purchases is better than 2% cash back in those categories, assuming the points are worth more than 0.67 cents each when you redeem them. It does charge a 3% foreign transaction fee and the variable purchase APRs offered are a bit high compared to the average for all credit cards. Earn 2 points per $1 at US supermarkets on up to $6,000 per year. The cash back you earn is available for use in the billing period after you earn it, and you must transfer the funds to your PayPal account in order to … It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card: Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. The PayPal Extras Mastercard offers 3 points per dollar on gas and restaurant purchases and 2 points per dollar on PayPal and eBay purchases. By Anthony Nguyen Last Updated: April 26, 2018. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members. (The PayPal Cash Back Mastercard offers a very competitive 2% cash back on all purchases, and redeeming rewards is not nearly as complicated. Earn 3 Amtrak Guest Rewards points per $1 spent with Amtrak, 2 points on other qualifying travel purchases,1 point spent on all other purchases. Measure content performance. The card doesn't provide any other outstanding benefits, either. Higher rewards rates in certain spending categories, Many rewards redemption options have restrictions. Insgesamt 20 Riegel. When compared among all rewards cards in our database: See how this card compares to similar cards, Investopedia Credit Card Rating Methodology. I saw the PayPal splash page advertising their ‘ PayPal Extra MasterCard ‘ and I thought I would check it out a little more. Air travel may require having a Saturday night stay, and interim stopovers of more than four hours are not allowed. Credit score is one of the many factors lenders review in considering your application. For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases. PayPal Extras Mastercard ... Any opinions, analyses, reviews, or evaluations provided here are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by the Advertiser. PayPal Extras MasterCard Conclusion. You’ll have plenty of access to customer service, however. Info. Earn 2X ThankYou Points at supermarkets and gas stations for the first $6,000 per year and 1X points on all other purchases. Credit score is one of the many factors lenders review in considering your application. Otherwise, you can call 866-300-6432 from 8 a.m. to 8 p.m. Central time Monday through Saturday to make redemptions. The Paypal Extras Mastercard is not one of our top-rated cash back credit cards. Develop and improve products. Normaler Preis SALE € 69 TEST PACK Über 3500 zufriedene Kunden. Card Overview: PayPal Extras Mastercard. Send and Receive Money With PayPal's Mobile App, BMW Card Review: Rewards for BMW loyalists, “2020 U.S. Credit Card Satisfaction Study.”. Since the gas and restaurant rewards are the main selling point, make sure you pull this card out of your wallet every time you eat out or are filling up at the pump. Redeeming rewards is not quite as simple as earning them. Includes eligible pick-up and delivery services. Select basic ads. Why you can trust this review. The PayPal Extras Mastercard® is one of two co-branded credit cards from PayPal and Synchrony. A reader notes that they are not allowing product-changes from the old 3/2/1 Paypal Extras Mastercard to the new Paypal Cashback Mastercard. You need 6,000 points for a $50 credit. Unless you absolutely must have the PayPal Extras Mastercard, you would likely be better served by a cash-back credit card like the Citi Double Cash, which offers 1% cash back on purchases and 1% cash back when you pay for those purchases. Earn 2X ThankYou Points at supermarkets and gas stations for the first $6,000 per year and 1X points on all other purchases. *** Apply Now† This card has no annual fee. Monday, 2014.09.15 J.D. Earn 3 points per $1 on gas and restaurant purchases, 2 points per $1 on PayPal and eBay purchases, and 1 point per $1 on all other purchases. Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area. Consult the bank’s terms and conditions page for more information. The other is the PayPal Cashback Mastercard®, which … If playback doesn't begin shortly, try restarting your device. The PayPal Extras Mastercard's reward earning rates combined with its reward redemption rates don’t add up to a strong value for consumers. However, the rest of this card isn’t designed for travel. If you’re an avid user of PayPal (you must have an account to apply), the PayPal Cash Back Mastercard may be a better alternative. Users can earn: … Up Next. Reward yourself with every purchase with the PayPal Extras Mastercard ®. You’ll then get two points for every dollar you spend on PayPal or eBay purchases. While these reward earning rates seem reasonable for a no-annual-fee credit card, they’re actually below average when you consider the highest redemption value is 0.83 cents per point. Unfortunately, its reward redemption rates, complicated redemption options, and lack of common credit card perks don't make it an appealing choice compared with other cards on the market. You also have access to Mastercard Global Service, which provides 24-hour assistance with lost and stolen card reporting, emergency card replacement, and emergency cash advances. You can call the service center 24/7 or use the live online chat function 9 a.m. to 9:30 p.m. Rewards Rate. Earn 2X FunPoints for every dollar spent on any purchases with Carnival Cruise Lines and 1X FunPoints on all other purchases.