- $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
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PayPal Credit Cards
Discontinued: PayPal Rewards Credit Card
Updated 6 December 2022
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
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
- 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
Discontinued: PayPal Rewards Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question 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?
Overall Rating
A straightforward rewards card, and a good option for someone venturing into the world of rewards for the first time.
User reviews
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
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
Discontinued: 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 is a personal finance expert at CreditCard.com.au, with 9 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 our credit card expert a question.
Ask a question22 questions (showing the latest 10 Q&As)
hi my name is kyle how do I apply for are paypal credit card
Hi Kyle, the PayPal Rewards card is no longer available. However, you can explore other rewards cards and find one that suits your needs best.
Hi
If i want to close the citi rewards car ( Formally Pay Pal Card). Can I get the refund on my over credit amount in my card. E.g credit card limit $30000 and current balance is $32997.
Hi Jignesh, some banks like Westpac have this information clearly on their site, but it looks like Citi wants you to call to discuss this matter. Give them a ring on 132484 to discuss your positive balance. If you have a Citi Rewards Points balance, make sure you redeem your points or sadly you’ll lose them.
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Tu Meke
20 July 2022Hi, 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 cardMARKHARD
6 July 2022BEST 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 cardJulieC
6 June 2022I 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 cardJosh
4 March 2022A great credit card for use in Australia. International fees are high.
Recommends this cardSkwai
16 February 2022Quick 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