supermarkets on up to $6,000 per year in purchases (then 1%) When you spend on the card, you will earn: The Blue Cash Preferred® Card from American Express is a solid pick for a cash back card for your wallet. Blue Cash Preferred® Card from American Express If you need to consolidate existing credit card debt, the Citi Double Cash card is also a better choice. These points can then be transferred to airline partners, where you'll often get much more value from your points when redeeming this way. However, if you also have a Citi card that also earns transferrable ThankYou points, like The Citi Premier® Card, you can transfer your cash back from your Citi® Double Cash Card into ThankYou points. So if you're debating between the two cards, the cash-back potential is identical. However, to redeem the cash back you've earned for either a statement credit, cash into your bank account or check in the mail you must have accrued at least $25 in total cash back. After that, your fee will be 5% of each transfer (minimum $5), which is a great way to save on interest charges on revolving credit card debt. The card also offer a valuable intro 0% APR for the first 18 months on balance transfers (18.74% - 28.74% variable thereafter balance transfers must be completed within 4 months of account opening and there's an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. The Citi® Double Cash Card is another great cash-back credit card as it offers an identical 2% cash back on all purchases: 1% on all eligible purchases and an additional 1% after you pay your credit card bill. T he PayPal Rewards Card will offer another safe and rewarding way for Australians to purchase goods and services in their everyday lives, creating a seamless shopping experience across the online and physical worlds.”Īpplications for the PayPal Rewards Card will be open from mid July 2021.While the PayPal Cashback Mastercard is a solid pick as a cash back credit card, there are other cards that are potentially more lucrative to consider to help you save on your purchases. “This is just one of the ways we are continuing to enhance the choice and flexibility we offer our customers for how they prefer to pay. “ Our customers have been telling us they want to take PayPal with them into physical stores for some time,” said Andrew. The PayPal Rewards Card will appear in a consumer’s PayPal wallet immediately following approval, ready to use for online purchases before the physical card is delivered to their door. Spending and reward point balance can be tracked through the PayPal app, allowing consumers to manage their account with ease.Īll eligible purchases with the PayPal Rewards Card will be covered by Visa’s Zero Liability policy, while eligible payments made online using PayPal will also be covered by PayPal’s Buyer Protection policy. Rewards points can be redeemed for eligible purchases when checking out with PayPal online, or applied to a recent PayPal Rewards Card purchase to offset the cost, providing maximum flexibility for how consumers use their rewards. In addition to this new card offering more flexible rewards, it also provides a secure, seamless and convenient everyday payment experience for today’s connected and digital-savvy consumer.” The PayPal Rewards Card can be used globally anywhere Visa is accepted and earns points with every eligible purchase.Īxel Boye-Moller, Visa’s Head of Product for Australia, New Zealand and South Pacific said: “Visa is thrilled to be the payments network collaborating with PayPal on their first consumer credit card in Australia. The pandemic has made the value of flexible rewards even clearer, as many Australians have been left with travel-related points they haven’t been able to use the way they would like to due to safety concerns and border restrictions.” ![]() ![]() The PayPal Rewards card, launching in July 2021, will have zero annual fees and uncapped rewards points, with the ability for consumers to earn points with every eligible purchase and redeem points at more than 750,000 PayPal businesses globally, including more than 300,000 PayPal businesses in Australia.Īndrew Toon, General Manager, Payments, PayPal Australia said: “Consumers have said they want a flexible rewards program with points they can redeem however they’d like. PayPal is today announcing plans to launch the PayPal Rewards Card in Australia, its inaugural consumer credit card in the market.
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