Note that there’s a maximum of two claims per 12 months allowed, and each claim is subject to a $50 deductible. Charge your phone bill to this card and you’re protected against damage or theft up to $300 per claim and up to $500 per 12-month period. Cell Phone Protection: Having cell phone protection through your credit card can save you the money you might otherwise pay for insurance offered by your phone company.While it would be nice to see a few more purchase and travel benefits, the list is pretty good compared to other cash back cards with no annual fee. That’s a solid reward, considering the card has no annual fee.īenefits from the PayPal Business card are provided by Mastercard. For every $100 charged to your account, you’ll get $2 back.įor example, a business that uses the card for $2,500 in monthly purchases would earn $50 in cash back every month, or $600 per year. The amount you earn is tied directly to your spending. With no limits or caps, the rewards you can earn from this card have unlimited potential. Whichever redemption option you choose, you get the same value. Redemption requests must be for amounts larger than $1. If you do not have a PayPal Balance account, your only option will be to transfer your cash rewards to your bank account or debit card linked to your PayPal account. You can also cash in rewards for a statement credit, which lowers your credit card account balance. It’s a popular method for businesses to accept credit cards and other forms of payment. For those unfamiliar with PayPal, it works to some extent like an online checking account and enables you to send and receive money online. Not surprisingly, one of those is to deposit rewards into a PayPal account. As long as you don’t accrue interest or incur any fees, the 2% you earn in rewards is net cash back in your account. Remember that carrying a balance from month to month and incurring interest charges will outweigh any rewards you earn-so paying off the card in full every month by the due date is important to avoid those costs. The rewards are simple and easy to understand. There are no bonus or rotating bonus categories to worry about or keep track of. The PayPal Business Cashback Mastercard offers a flat 2% cash back on purchases with no limits on how much cash back you can earn.
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