Comments on: Debit Card Cash Back Rewards http://www.creditshack.org/2004/debit-card-cash-back-rewards/ Your guide to getting out of debt & managing your money wisely Fri, 21 Nov 2008 10:41:03 +0000 http://wordpress.org/?v=2.0.5 by: Robert Bamford http://www.creditshack.org/2004/debit-card-cash-back-rewards/#comment-14700 Mon, 02 Jun 2008 18:29:14 +0000 http://www.creditshack.org/2004/debit-card-cash-back-rewards/#comment-14700 The 1.5% cash back reward for new PayPal members ended a long time ago, and the follow-up cash back reward was only 1.0%. Members that signed up and got the 1.5% rate was suppose to continue getting that rate. I haven't seen any other news of this, but it appears that PayPal is changing their rewards program again, and even hurting their early customers by instituting a tiered rewards program. You would only earn .5% (half a percent) cash reward on all purchases for the month up to 499.99. 1% for purchases of $500-$4999.99, and 1.5% for $5000+. Now, this change has just gone into effect on my account even though there is no legal documentation for the change yet. All links still show the flat 1% rewards offer. Since I WAS earning 1.5%, the tiers may be different for those who were earning 1%. My evaluation of this is that it sucks. I have NEVER spent over $5000 in one month with my debit card, and therefore would NEVER be getting 1.5% cash back rewards again. I also sometimes didn't spend $500 or more, so I would even have some months where I wouldn't even earn the current 1% any more. I hope there is some problem and that this gets resolved, as this sucks! I will be looking for a different card to do my purchases with if this turns out to be their official new offering. The 1.5% cash back reward for new PayPal members ended a long time ago, and the follow-up cash back reward was only 1.0%. Members that signed up and got the 1.5% rate was suppose to continue getting that rate.

I haven’t seen any other news of this, but it appears that PayPal is changing their rewards program again, and even hurting their early customers by instituting a tiered rewards program. You would only earn .5% (half a percent) cash reward on all purchases for the month up to 499.99. 1% for purchases of $500-$4999.99, and 1.5% for $5000+. Now, this change has just gone into effect on my account even though there is no legal documentation for the change yet. All links still show the flat 1% rewards offer. Since I WAS earning 1.5%, the tiers may be different for those who were earning 1%.

My evaluation of this is that it sucks. I have NEVER spent over $5000 in one month with my debit card, and therefore would NEVER be getting 1.5% cash back rewards again. I also sometimes didn’t spend $500 or more, so I would even have some months where I wouldn’t even earn the current 1% any more.

I hope there is some problem and that this gets resolved, as this sucks! I will be looking for a different card to do my purchases with if this turns out to be their official new offering.

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