With PayPal's Pay With Rewards program, cardholders can shop online with their cash back, points, or miles as an alternative to redeeming them for travel, retail, or other popular rewards. You are going to learn all about how to use PayPal spendable rewards from basics.
What Does PayPal Spendable Rewards Mean?
Through the PayPal Pay With Rewards program, qualified cardholders can link one or more of their credit cards to their PayPal accounts and utilize their cash-back points or miles to make online purchases there instead of paying cash. The value of your benefits when using the program can differ depending on the credit card you hold.
How To Use PayPal Spendable Rewards
The first step, if you have a credit card that qualifies, is to link it to your PayPal account. Then, when you make purchases from online merchants who accept PayPal, you may use your cash back, points, or miles. 1
You have the choice to use incentives to pay the entire amount or only a portion of it when using PayPal. Additionally, you'll have access to PayPal perks like free shipping on qualifying returns and purchase protection on a certain number of purchases.
Those include: US Bank, American Express, and Capital One, etc.
While you have a lot of choice using PayPal Pay With Rewards for online purchases, certain rewards programs are more valuable than others.
You will receive the same rate if you redeem for straight cash back if you have a Capital One cash-back credit card. Additionally, Discover and Citi credit cards typically value each point or mile at one cent. The minimum acceptable redemption value, in our opinion, is one cent per point. Any less would be a poor return.
The Bottom Line
Examine your alternative redemption options before deciding to use Pay With Benefits to determine whether doing so will maximize your rewards or result in a loss of value. To decide if the program is worthwhile for you, take into account a few other advantages and disadvantages as well . This is how to use PayPal spendable rewards. I hope you had a value by reading this article.
