Is PayPal's Cashback Debit Card Worth It? // Full Review!
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- Curious about PayPal's cashback debit card? Today, we delve into its perks, exploring how it stacks up against competitors like Cash App and Venmo. But first, let's dissect the intricacies of PayPal's offerings.
🤔 What Sets PayPal Apart:
PayPal's versatility extends beyond friend transactions. It's a go-to platform for secure online purchases. The cashback debit card enhances this experience.
💳 Cashback and Offers:
The PayPal debit card, linked to your PayPal balance, offers cashback perks. The app also boasts exclusive online cashback offers. Currently, there are only five in-app offers, including 5% on groceries-a decent selection, but room for improvement.
💰 Funding Your Account:
Adding funds is a breeze-external bank transfers, in-store options at 90k+ locations, direct deposit, and even mobile check deposits. Accessibility is key.
🌍 International Use and ATM Access:
PayPal's debit card facilitates fee-free withdrawals at 33k+ Moneypass ATMs. International use is possible, but be mindful of the 2.5% foreign transaction fee.
🔥 Standout Features:
High-Interest Savings: Earn 4.3% interest on your PayPal savings account-FDIC insured for added security.
Venmo Integration: PayPal owns Venmo, streamlining transactions between the two platforms.
Crypto Purchases: You can buy cryptocurrency through your PayPal account.
Bill Setup: Seamlessly manage bills through your PayPal account.
FDIC Protection Note: While your savings are FDIC insured, the PayPal account balance lacks FDIC protection-something to be aware of.
👎 Impression on Cashback:
The cashback offers may not be groundbreaking, but PayPal's robust security and additional features make it a worthwhile platform. The card, while not a cashback powerhouse, complements PayPal's overall ecosystem.
🚀 Conclusion:
In summary, while the cashback may not steal the spotlight, PayPal's comprehensive features, security, and convenience make it an excellent choice. Explore the ins and outs, weigh the pros and cons, and decide if it aligns with your financial needs.
Timestamps:
0:00 - Intro
0:25 - Benefits of PayPal
1:15 - PayPal Debit Card Cashback
2:34 - Ways to Add Money to PayPal Balance
3:00 - ATMs and International Usage
3:25 - 5 Essential Things to Know about PayPal!
4:22 - Is PayPal Cashback Debit Worth It?
#Calebbale #paypal #cashback
📒 Notes and Resources 📒
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Nice breakdown Caleb. I think I have the PayPal credit card because my daughter bought something on etsy.
Thank you sir!
questions? dose PayPal Debit Card have a Monthly fee? some shopping need a Card to shop like epic games store, playstation store website not ps4/ps5 system store for some reason
It does not have a monthly fee!
I miss the top off feature since that option was removed i stoped using it, i have to transfer ahead of time, before i would just swipe the card and it would top it off from my back account in intervals of $20 so if i spent $38 it would transfer $40 from my bank account.
I feel like Venmo used to do that too maybe? I don't know if it still does but I'm pretty sure that used to be a feature
Walmart has already a Cash Back Offer, with: PayPal, but is very limited.
This is true, I think with the One debit card. It is pretty limited, I think maybe $50
So I can use the debit card in stores and online if I have money in my balance right?
Absolutely!
@CalebBaleFinance if I get this card and it has no money on it could a transaction go through for example if someone is on government assistance or working can their benefits or payments come on this card
I want to get the debit card but I don’t think I’m going to use cash back tho
Yeah, honestly not a ton of cashback that I see is useful
So if I linked my cash app debit card to PayPal, would it be a bad thing if I also got a PayPal debit card?
I don't think that should be a problem!
How do you add money at Walmart. PayPal app dosent say I can do it there
If you go to "Finances" then "Balance" and scroll down to "More Options" and choose "Add cash at stores," you can find the option to add money at Walmart if you want.
Are there any particular down sides when banking with PayPal?
I can't think of any particular downsides. They used to not have FDIC insurance but I think they do now
what happens if you overdraft the card?
I don't believe it will even let you overdraft. It'll just decline the transaction
Completely @CalebBaleFinance, Completely!
Hello is it available in tha Philippines? I’m planning to get one
Actually, I don't know! But you can certainly download the app and try.
Please how can I get PayPal credit card
Well I mean you should be able to apply for one through the app but that's all I've got for you. I don't review credit cards.
PayPal is garbage. I make $130,000 a year and my only monthly bills are my truck payment and vehicle insurance but paypal declined me on a "pay in 4", for a $300 shirt 😂
Interesting they would choose to decline you for that but at the same time, what are you doing trying to finance the shirt? Just buy it outright man!