PayPal launches rewards credit card in expansion to physical stores

By Ava Crawford · · 2 min read
Fact Checked
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Credit card payment in store

You may know PayPal as a digital payment giant, but the company announced its next big step: launching its first-ever rewards credit card in Australia.

The move sees PayPal expand its online offering to physical stores, with customers able to take PayPal anywhere worldwide where Visa is accepted. Cardholders can earn points with every eligible purchase and redeem them at any of the 750,000 businesses globally that have PayPal integrated at checkout (including over 300,000 in Australia). 

The PayPal Rewards Card comes with perks including 50,000 bonus rewards points, uncapped reward points that never expire and zero annual fees. 

PayPal Australia’s general manager for payments, Andrew Toon, said this flexibility could help credit card users avoid situations where they end up with Frequent Flyer or Velocity points they can’t spend because of COVID-19 border closures. 

“Customers have said they want a flexible rewards program with points they can redeem however they’d like,” he said.

“The pandemic has made the value of flexible rewards even clearer, as many Australians have been left with travel-related points they haven’t been able to use the way they would like to due to safety concerns and border restrictions.”

How does the PayPal Rewards Card work? 

The card appears in your PayPal digital wallet instantly after approval and can be used for online purchases. Once the physical card gets delivered via mail, you can then use the card in-store too. 

Cardholders can redeem PayPal rewards points for discounts on eligible purchases. 

You have two options: points can be applied when you check out with PayPal online, or you can select a transaction in your account after purchasing an item and use your points to pay for it instead.

The PayPal app allows you to track your credit card and rewards points balance -  so you can stay on top of your spending. Additionally, if you choose to, you can select one of three instalment payment options for your purchases, for added flexibility.

Interested in seeing how the PayPal Rewards Card stacks up against other credit card offers in the market? Scroll down below for a snapshot, or head on over to our rewards credit card comparison hub for even more options.

Compare credit cards - last updated 3 December 2023

Search promoted credit cards below or do a full Mozo database search . Advertiser disclosure
  • NAB Low Rate Card - Balance Transfer Offer

    Spend with confidence with a low 12.49% p.a. variable purchase rate and 0% p.a. interest on balance transfers for the first 28 months (T&Cs apply). 2% balance transfer fee applies. There’s also up to 55 interest free days on purchases to help you manage your budget better when you make minimum repayments. Minimum credit limit $1,000. No annual fee for the first year (usually $59).

    Purchase rate
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    Balance transfer rate
    0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
    Annual fee
    $59 $0 in the first year
    Rewards program
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  • American Express Qantas Ultimate Card

    Receive 60,000 bonus Qantas Points when you apply online, are approved, and spend $3,000 on eligible purchases on your new Qantas American Express Ultimate Card within the first 3 months of your approval date. T&Cs apply. Available to new American Express Card Members only.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $450
    Rewards program
    Qantas Frequent Flyer
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    Details
  • American Express Velocity Platinum Card

    Receive 60,000 bonus Velocity Points when you apply online, are approved, and spend $3,000 on eligible purchases on your new Card within the first 3 months. T&Cs apply. Available to new Card Members only.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $375
    Rewards program
    Velocity Frequent Flyer
    Go to site
    Details
  • American Express Qantas Discovery Card

    Earn 1.75 Qantas Points on eligible Qantas products and services per $1 spent (T&Cs apply). Enjoy $0 Annual Card Fee. Get the security of Card Refund and Purchase Cover. Up to four additional Cards at no extra fee. Redeem your points for Classic Flight Rewards (T&Cs apply).

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $0
    Rewards program
    Qantas Frequent Flyer
    Go to site
    Details
  • American Express Explorer® Credit Card

    Receive 50,000 bonus membership rewards points when you apply online, are approved, and spend $4,000 on eligible purchases on your new card within the first 3 months (T&Cs apply). New Card Members only. Complimentary domestic & international Travel Insurance (T&Cs apply). Up to 55 days interest free on purchases. $395 annual fee.

    Purchase rate
    23.99% p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $395
    Rewards program
    Membership Rewards
    Go to site
    Details

This article was a contribution between Ava Crawford and Katherine O’Chee

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