Watch PayPal MasterCard for 5 pts/$ (4% back) Replacement Card

[BobWang]

GECRB changed expiration month to November,
and sent out a new card with 5 points back in November.

5 points back on non-PayPal, eBay, Gas, Restaurant.
3 points on Gas, Restaruants
2 points on PayPal, eBay

PayPal cash deposits are redeemed as following:

11,500 points / (5 pts / $) = $2,300 spent
$100 Cash back / $2,300 = 4.3478%

6,000 points / (5 pts / $) = $1,200 spent
$50 Cash back / $1,200 = 4.1667%

[cv91915]

5x points on general spending? Not bad...

 

When did your new card arrive in the mail?

[BobWang]

Sometime last week.

 

Luckily, I decided to open the envelope,

 

instead of tossing it in the "To Do" pile.

[cv91915]

I'll keep an eye open, thanks.

 

I just used my PP MC three times for ~$1 each to get a $10 statement credit, in response to a targeted email offer. This is much more lucrative.

[BobWang]

My PayPal is only $6k.

 

I already put $1,500 on it for

 

25% UTI

 

Now I have to decide how far to push the

 

UTI

[cv91915]

My PayPal is only $6k.

 

I already put $1,500 on it for

 

25% UTI

 

Now I have to decide how far to push the

 

UTI

Careful. UTI can be very painful!

[BobWang]

I wonder how sensitive GECRB is to UTI

[cv91915]

I wonder how sensitive GECRB is to UTI

Time will tell. I also wonder how they do with kidney stones.

[BobWang]

Hmm, maybe there should be a Master Thread on UTI sensitivity.

[itrev82]

Is this point structure a limited time deal?

[BobWang]

Is this point structure a limited time deal?

 

The 5x points is only in November for me.

 

3x for gas, restaurants; 2x for PayPal, eBay is standard. (Did I use the ; correctly?)

 

I think the redemption values are the same as before.

 

I have zero points on my PayPal MC,

 

so I can't check my redemption ratios.

[itrev82]

 

Is this point structure a limited time deal?

 

The 5x points is only in November for me.

 

3x for gas, restaurants; 2x for PayPal, eBay is standard. (Did I use the ; correctly?)

 

I think the redemption values are the same as before.

 

I have zero points on my PayPal MC,

 

so I can't check my redemption ratios.

 

Ah thanks. I saw the original post and starting thinking, "I NEED THIS CARD." But if its a limited time deal, I will pass.

 

Thanks BW - leader of the grasshoppers.

[chugs102]

This card is pretty useless and has been relegated to the sock drawer after 1 use. The redemption rates aren't so great.

[cv91915]

The standard redemption options are pretty bad. They do have redemption specials from time to time, if you have the energy to keep checking.

 

Examples of standard redemptions:

 

 

Current special redemption offer is pretty decent ($0.01/point), if you consider that you earn 2x-5x per $1 on certain transactions:

 

[BobWang]

This is one of the most complex points programs around.

[cv91915]

This is one of the most complex points programs around.

If by complex you mean purple, I may agree.

[BobWang]

Simplicity-challenged

[Art_Vandelay]

Bob, what does PayPal MasterCard pull when applying?

 

IIRC they have a super high APR don't they? Something over 20%? Of course this sia a card you should never carry a balance with I suppose.

 

I'm jsut wondersing abotu another GE product since Wal-mart has been so good to me and getting to $25K was fairly easy.

 

Can't think of any other GE product that i would want righ off hand,

 

Thanks.........hope they pull TU . It's my highest score at 819 now.

[BobWang]

I've had the PayPal for a long time,

 

don't remember who they pulled,

 

but it looks like TU almost exclusively now.

[BobWang]

I don't think any new applications are going to get this Holiday Shopping 5x offer.

[chugs102]

GECRB pulls TU exclusively, it seems

[cv91915]

I don't think any new applications are going to get this Holiday Shopping 5x offer.

 

Nor necessarily every current cardholder. I haven't seen "boo" about this.

[Art_Vandelay]

I don't think any new applications are going to get this Holiday Shopping 5x offer.

 

 

:cry2:

 

Thanks for the TU info. That's good to know. Possible in the near future I might go for it. Just not looking forward to doing any B* anytime soon. It's just so nice not to have to pull your Credit 4 times a day and with one of them being 24 hr and a minute it's really a PITA, LOL.

[cv91915]

 

I don't think any new applications are going to get this Holiday Shopping 5x offer.

 

 

:cry2:

 

Thanks for the TU info. That's good to know. Possible in the near future I might go for it. Just not looking forward to doing any B* anytime soon. It's just so nice not to have to pull your Credit 4 times a day and with one of them being 24 hr and a minute it's really a PITA, LOL.

 

 

That's to B* Equifax. This is TU.

[BobWang]