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PayPal Rewards Credit Card
PayPal Rewards Credit Card

PayPal Credit Cards

PayPal Rewards Credit Card

Updated 13 April 2022

Save with a $0 annual fee card. Earn 1 point for every dollar spent on eligible transactions, uncapped which you can spend at over 750,000 eligible PayPal businesses. Add up to four additional cardholders for free.
T&Cs apply.

Points Earn Rate (per $1 spent)

1 point

Uncapped rewards points

Rewards Program

PayPal Rewards

Bonus Points

N/A

Pros and cons

  • $0 annual credit card fee
  • Earn 1 point for every $1 spent on eligible transactions (uncapped)
  • Pay off your purchases in monthly repayments over a set term
  • Up to 55 days interest free period
  • Up to 4 additional cardholders at no cost
  • Cover against fraudulent charges or unauthorised purchases

  • Relatively high purchase rate of 20.99% p.a.
  • Points can only be spent at PayPal businesses
  • No bonus points offer

Creditcard.com.au review

Editor Review

PayPal Rewards Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

PayPal Rewards Credit Card

The PayPal Rewards card was launched to allow the cardholders to earn rewards and enjoy other perks at the same time.

What we love...

Let’s face it, PayPal is becoming an increasingly standard way to pay, with growing numbers of merchants offering PayPal as a payment option.

So, rewards that translate to PayPal dollars is going to benefit most people, regardless of demographic.

You’ll earn 1 point for every dollar spent on eligible transactions, with 2000 points equalling $10, if you use it at check out. If you apply it to an eligible transaction within your PayPal account at a later date, that figure will reduce to $7.

You can add up to four additional cardholders at no extra cost, and instalment payment options are also available.

What’s not so great...

If you’re looking for a card that offers an array of reward redemption options, then this isn’t the card for you.

The interest rate on retail purchases isn’t the lowest on the market, at 20.99% p.a.

Why should you choose this card?

If you’re a PayPal user, looking for a simple card that offers straightforward rewards, and no annual fee – then the PayPal Rewards Card is a good option.

You’re essentially swapping points for cash that you can use to purchase items from any merchant that supports PayPal – these days, that’s the majority.

You can earn uncapped reward points plus, there’s no annual fee to worry about.

How does the PayPal Rewards Credit Card work?

So, what do we know about the PayPal credit card?

  • No annual fee. Earn rewards on your everyday spending, without paying any fees.
  • Variable purchase rate of 20.99% p.a. Just like most other rewards cards, its high purchase rate will mean carrying a balance is not recommended.
  • Earn 1 point per $1. Redeem points for eligible purchases when checking out with PayPal online, or pay down recent purchases made on the card. Redeem their points at more than 750,000 businesses around the world, including over 300,000 in Australia.
  • Uncapped rewards. Earn as many points as your spending allows.
  • No points expiry. Take time to build your balance to redeem points for rewards you really want – without worrying about their points expiring.
  • Instant use. As soon as your card is approved, it will be instantly available for use via the PayPal digital wallet. The physical card will then be sent out in the post.
  • Use anywhere Visa is accepted, online and in person. Purchases will also be covered by Visa’s Zero Liability policy, meaning you won’t be held responsible for unauthorised charges made with your card if it were lost, stolen or fraudulently used.
  • PayPal app integration. It offers convenient account management and tracking. You’ll be able to track your spending and rewards points balance in the PayPal app.
  • It will be issued by Citi. This means PayPal will not need to secure its own licence to lend money in Australia. In case you were wondering, PayPal has said Citi’s decision to sell its consumer banking business in Australia would not affect how the PayPal Rewards Card will operate.
  •  

    Overall Rating

    A straightforward rewards card, and a good option for someone venturing into the world of rewards for the first time.

    User reviews

    PayPal Rewards Credit Card ( based on 15 Creditcard.com.au user reviews )

    42% rating based on 15 reviews

    Rates
    Fees
    Rewards
    Customer Service
    Value
    61%

    Tu Meke

    20 July 2022

    Hi, I have had this card for ten months now and tried to get a credit increase from $7500 to $11000. Can only be done online and gave them all the info they asked for; short story is i am single have a full time job on wages in a Government Hospital make $100k plus a year, own my on home, have an investment property, house, nearly paid off in Melbourne. No other credit cards, own my cars and no bills expect for normal living, gas, electricity, ect. Meaning i have a conservative $2.5 million in assets, 1/2 $mil in super and have a mortgage of less then $35,000 to repay on my investment which is rented with full history, have never been in default or not paid a bill as it is all auto pay via credit card. No bad credit history ever, I should pay my mortgage in less than a year going on my pass bank statement history. But Guess What, I am not eligible for an increase... if im not who is, maybe Bill Gates, Elon Musk size bank accounts... so how can the average Aussie compete with that, they have said come back in 6 months and try again, REALLY.... its Tough Being Poor Like Me ..

    Recommends this card
    94%

    MARKHARD

    6 July 2022

    BEST CREDIT CARD FOR ME AS I AM 50+ AND DON'T WANT FANCY FRILLS AND LIKE NO ANNUAL FEES. REWARD POINTS SYSTEM BETTER THAN/EASIER TO USE THAN MY CITY BANK CREDIT CARD. IF YOU WANT A INTERNATIONAL HIGH FLYERS CREDIT CARD JUST GET ANOTHER ONE FOR THAT INSTEAD OF COMPLAINING LIKE I DID. ONLY ISSUE I HAVE IS CUSTOMER SERVICE IS MOSTLY ONLINE LIKE EVERY THING ELSE THIS DAYS.....BEST CARD I EVER HAD

    Recommends this card
    69%

    JulieC

    6 June 2022

    I have had a PP rewards cards for just on a year now and although its handy enough to use - there is no way i can check my statement until it is issued at the end of the month

    Does not recommend this card
    0%

    Josh

    4 March 2022

    A great credit card for use in Australia. International fees are high.

    Recommends this card
    70%

    Skwai

    16 February 2022

    Quick approval which is good. App is annoying to use: it redirects you to a Citi bank website rather than using the actual PayPal app. Didn't realise it was missing Apple Pay until after I applied. No annual fee but the lack of travel insurance makes it arguably not worth it. International transaction fees are very high (3.4%) when many banks are offering 0%. Had I realised these negatives before I applied I wouldn't have got this credit card.

    Does not recommend this card

    Rates and fees

    Interest rates



    Purchase rate 20.99% p.a.

    Cash advance rate 21.74% p.a.

    Interest free period on purchases up to 55 days

    Credit limits

    Minimum credit limit $4,000

    Maximum credit limit N/A

    Fees & repayments

    Annual fee $0 p.a.

    Additional cardholder fee $0 p.a.

    Foreign transaction fee 3.4%

    Minimum repayment 2% or $30, whichever is greater

    Cash advance fee $3.50 or 3.5% whichever is greater (domestic) ; $5.00 (international)

    Late payment fee $30

    Rewards and points

    Rewards program

    Rewards Program PayPal Rewards PayPal Rewards

    Bonus points N/A

    Annual points cap uncapped

    Bonus points spend criteria N/A

    Earning points with this card

    Rewards points 1 point per $1 spent

    Points cap per month Uncapped rewards points

    Overseas earn rate same as standard earn rate

    Additional features

    Complimentary insurance

    International Travel Insurance No

    Flight Inconvenience Insurance No

    Transit Accident Insurance No

    Smartphone Screen Insurance No

    Purchase Protection Insurance No

    Extended Warranty Insurance No

    Rental Vehicle Excess In Australia Insurance No

    Overview

    PayPal Rewards Credit Card

    Key features

    • No annual fee for the life of the card
    • Up to 55 days interest free period on purchases
    • Earn uncapped rewards - 1 point for every $1 spent on eligible transactions
    • Add up to 4 additional cardholders at no cost
    • Spend your rewards where you shop and to pay for eligible transactions
    • Instalment options
    • Visa Zero Liability

    Minimum criteria to apply for this card

    • Be over 18 years old

    • Good Credit and have not applied for multiple credit cards recently

    • You must be a permanent Australian resident.

    • Minimum income of $35,000 p.a.

    • You have your personal details ready to complete the online application

    Pauline

    Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

    Recently Asked Questions

    Something you need to know about this card? Ask a our credit card expert a question.

    19 questions (showing the latest 10 Q&As)

    Peta

    Peta

    8 August 2022
    I want pY pal card
      Pauline - CreditCard.com.au

      Pauline

      9 August 2022
      Hi Peta, Paypal currently aren’t accepting new applicants for their card. You can visit the official PayPal website to stay updated when they’ll be open for applications again.
    Mr Lukekelly

    Mr Lukekelly

    12 May 2022
    id like e to earn point i have been using paypal for quite some time i was wondering how to get a rewards card from paypal
      Pauline - CreditCard.com.au

      Pauline

      13 May 2022
      Hi Mr Lukekelly, glad to hear that you’re using PayPal. We currently don’t have an active partnership with PayPal, and at this time PayPal are not currently accepting new applications for the PayPal Rewards Card. Keep an eye on their official site for when that might change.
    murray Relf

    murray Relf

    26 April 2022
    trying to confirm card but do not have access to the phone number on file now.
      Pauline - CreditCard.com.au

      Pauline

      27 April 2022
      Hi Murray, you can go to Paypal’s Contact Us official page to see the different options to reach them directly. They can be reached by message, or by phone.
    Cheryl Morris

    Cheryl Morris

    10 April 2022
    How do I apply for a "PayPal Rewards Credit Card" I can't see any Application Form? Cheers Cheryl Morris.
      Pauline - CreditCard.com.au

      Pauline

      11 April 2022
      Hi Cheryl, unfortunately, we currently don’t have access to the PayPal Rewards credit card. But you can go to PayPal’s official website to proceed with your application.
    Ian

    Ian

    30 March 2022
    Can you tap and go with the paypal rewards card when you purchase an item in store.
      Pauline - CreditCard.com.au

      Pauline

      31 March 2022
      Hi Ian, I checked this for you and it looks like it has Visa PayWave which is a globally accepted contactless technology. If the store has a contactless reader, you can use the card. You can check our comparison tool to see the different cards we have access to that support Apple Pay, Google Pay and Samsung Pay for your other options.
    Remon

    Remon

    13 January 2022
    Hi Can I do balance transfer twice or from two different credit cards?
      Pauline - CreditCard.com.au

      Pauline

      13 January 2022
      Hi Remon, depending on your available credit limit, you may be able to transfer two different cards or make multiple balance transfers. This is because you’re only allowed to transfer up to a certain percentage of your available credit (With the Paypal card it’s 80% of your approved credit limit). Please note though that balance transfer requests are still subject to approval by the bank and availability of the promotional period.
    Chuck Lee

    Chuck Lee

    10 January 2022
    Your Reference XXXXXX. May I have the email address for this application please? Hope you are well. I was still waiting for my credit card. When would the card arrive, please? Have a lovely day ahead and kind regards Chuck Lee
      Pauline - CreditCard.com.au

      Pauline

      12 January 2022
      Hi Chuck, I’m sorry but you are actually on Creditcard.com.au, a credit card comparison site. I suggest calling PayPal directly at 1800 073 263 to check the status of your card.
    Jason

    Jason

    3 December 2021
    I'm assuming that PayPal Rewards Card cannot be added to Apple Pay, but can the PayPal Rewards Credit Card be added to iPhone wallet to make use of tap and pay when in stores?
      Pauline - CreditCard.com.au

      Pauline

      7 December 2021
      Hi Jason, it looks like this can’t be done. Paypal want you in their app ecosystem and not Apple. For a comparison of credit cards that offer Apply Pay, we’ve put together a list to browse.
    Meg

    Meg

    4 November 2021
    Hi there, I’m just wondering if the PayPal Rewards credit card charges BPAY payments as a purchase or a cash advance? There does not currently seem to be a function to be able to process BPAY payments or add billers etc from the credit cards online service centre at all. Is there a work around for this issue? Thank you
      Pauline - CreditCard.com.au

      Pauline

      5 November 2021
      Hi Meg, we dug into the PayPal T&C’s and it wasn’t very clear on what an “eligible transaction” is. Their official site says that you can make BPAY from the card. However they don’t explicitly say whether it's at the purchase or cash advance interest rate. You could call PayPal directly on 1800 054 378 to get more information on this. Let us know if you find out and we’ll update our review. Alternatively, we’ve written a guide on how you can make BPAY payments from your card that might help.
    Nola Kirkness

    Nola Kirkness

    17 October 2021
    I am not sure if this is an australian website, if not,. do all the answers to the questions here, apply to australia as well.
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      18 October 2021
      Hi Nola, yes this is an Australian website.
    Margaret Wilkins

    Margaret Wilkins

    6 October 2021
    Can your Pay Pal rewards be spent on Homewares electronics and gift cards
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      7 October 2021
      Hi Margaret, to redeem your Paypal rewards you’ll need to find a retailer that offers the “pay with rewards” feature. Luckily there’s over three quarters of a million online. Paypal has an extensive list on their website, where you can filter by business type. You can check it out over here.
    Margaret Wilkins

    Margaret Wilkins

    6 October 2021
    Can a Pay Pal credit card be used in all business transactions e.g. supermarkets and general stores
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      6 October 2021
      Hi Margaret, yes! As outlined in PayPal’s T&Cs, yes you can use it for your daily purchases such as groceries. Let us know if you decide to get the Paypal Card and leave a review.
    Barry Gower

    Barry Gower

    5 October 2021
    I have had a new visa card issued but I need to change the last numbers on the card as I have money sent to various companies through paypal.
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      6 October 2021
      Hi Barry, I suggest reaching out to PayPal directly to update your details.
    David Boyd

    David Boyd

    30 September 2021
    billing cycle ?
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      1 October 2021
      Hi David, after digging into this for you we found that the billing cycle ends at the end of the month. You’ll get 55 days interest free on all eligible purchases and your account will need to repaid in full each month. I hope this has answered your question.
    Linda

    Linda

    29 September 2021
    Can you please tell me what the maximum credit is. We currently have a maximum of $30000 with another Credit card company. If we changed to Paypal what could we expect to be given. THank you
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      1 October 2021
      Hi Linda, the maximum credit limit you will be approved for actually depends on several factors like your annual income, credit score, capability to pay, etc. Paypal keep the maximum credit limit under wraps. Black credit cards have a tendency to have a higher credit limit and could be worth investigating and comparing. Let us know if we can help in any other way
    Jose Abraham

    Jose Abraham

    29 September 2021
    hi , can i use this card to pay bills like roof restoration and solar panel installation or is it use full only for the business in your list I have a paypal account for a long time
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      1 October 2021
      Hi Jose, without knowing the specifics of the businesses you are dealing with, I can only point you in the direction of our guide to earning points and rewards with BPAY. Let us know how you go or if you need more information. Thanks!
    Linda

    Linda

    16 September 2021
    Can you redeem your points for cash with the paypal credit card
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      16 September 2021
      Hi Linda, sorry to be the bearer of bad news. PayPal Rewards points cannot be redeemed for cash. It can only be redeemed for purchases online at their eligible PayPal business where Pay with Rewards is offered. Check out a range of other rewards credit offers that allow you to redeem into points.
    Phillip Hawkes

    Phillip Hawkes

    9 September 2021
    Thanks for previous answer. For a Visa card which can earn airline points, which would have the lowest annual fee and/or an introductory bonus offer of points? Must be Visa rather than AMEX or Mastercard, as I have these already.
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      13 September 2021
      Hi again Philip, it’s nice to hear back from you and glad that we could help! Since you mentioned you are looking for a Visa, there are few on offer right now that have lower annual fees and bonus points. For example the St.George Amplify Platinum Credit Card Qantas card currently has up to 60,000 Qantas bonus points with a $99 annual fee, the ANZ Rewards Platinum Credit Card has 120,000 Bonus ANZ Points with a $0 first year annual fee. (These were correct at the time of reply) - If you sort our comparison tables by annual fee you’ll be able to see the cards with the lowest fee at the top. Let us know how you go!
    Phillip Hawkes

    Phillip Hawkes

    8 September 2021
    Can the PayPal Rewards points be used to transfer to a frequent flyer program such as Velocity, or others?
      Roland B Bleyer - CreditCard.com.au Founder

      Roland

      9 September 2021
      Hi Phillip, PayPal Rewards points can only be redeemed for purchases online at their eligible PayPal business where Pay with Rewards is offered. If you’d like to compare credit cards that earn Frequent Flyer points, we’ve got you covered!

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