5% cashback offer that might interest someone that has a Paypal account. You have been able to get a debit card for easier spending of your Paypal balance for a long time. But recently they launched a feature where you can get 5% back on a single specific category of your choice for $1000 in spending each month on that debit card:
https://www.cnbc.com/select/paypal-debi ... cash-back/
There are cons to debit cards, and Paypal is not FDIC insured. But if you only kept enough in the account to cover a month's spending in that one category, your risks are limited. Or they have an automatic transfer feature where you could just transfer maybe $500 over every time the balance hits $100 or something like that to keep the balance low.
Categories are:
groceries
gas
restaurants
clothing
health and beauty
Could hit $600 a year in cashback with max spend in one of these categories and it doesn't require any credit check or utilization. Seems like Dining or groceries are most likely to get the most spending from that list.
The only real gotcha is you have to specifically select the category each month. It doesn't automatically stick. So set a reminder on the 1st of each month I guess.
https://www.cnbc.com/select/paypal-debi ... cash-back/
There are cons to debit cards, and Paypal is not FDIC insured. But if you only kept enough in the account to cover a month's spending in that one category, your risks are limited. Or they have an automatic transfer feature where you could just transfer maybe $500 over every time the balance hits $100 or something like that to keep the balance low.
Categories are:
groceries
gas
restaurants
clothing
health and beauty
Could hit $600 a year in cashback with max spend in one of these categories and it doesn't require any credit check or utilization. Seems like Dining or groceries are most likely to get the most spending from that list.
The only real gotcha is you have to specifically select the category each month. It doesn't automatically stick. So set a reminder on the 1st of each month I guess.
Statistics: Posted by the_wiki — Sun Sep 08, 2024 1:03 pm — Replies 3 — Views 199