PayPal Rewards Card

A $0 annual fee credit card that earns uncapped reward points you can spend at over 750,000 eligible PayPal businesses!

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Download the Key Facts Sheet

50,000 bonus points

That’s $250 to spend at over 750,000 eligible PayPal businesses when you meet the minimum spend requirements.1

$0 annual credit card fee

No annual fee for the life of the card.

Uncapped rewards

Earn 1 point for every $1 spent on eligible transactions.2

Earn uncapped points

Earn points when you spend online and in-store.
$1 of eligible spend = 1 point2

Spend your Rewards Points at 750,000+ eligible PayPal businesses

With the PayPal Rewards Card you have more flexibility to spend your points. You can use your points for purchases online at 750,000+ eligible PayPal businesses where Pay with Rewards is offered within the PayPal Checkout, or you can select an eligible transaction in your PayPal Rewards Card account and use your points to pay for it.2

Why choose the PayPal Rewards Card?

50,000 Bonus Points
Spend $3,000 or more in the first 3 months from card approval on eligible transactions and you’ll receive 50,000 bonus points.1 That’s $250 to spend at thousands of eligible PayPal businesses!1

$0 annual credit card fee
There are NO annual fees on this credit card, zero, zilch.

Uncapped rewards points
Earn 1 point for every $1 spent on eligible transactions.2

Spend your rewards where you shop
Spend your points in PayPal’s Checkout at 750,000+ eligible PayPal businesses. See our FAQs for more information on spending rewards points.2

Use your points to pay for specific transactions
Select an eligible transaction in your PayPal Rewards Card account and use your points to pay for it.2

0% p.a. for 20 months on balance transfers
Balance transfer then reverts to cash advance rate at end of promotion period. There are no interest free days on retail purchases while you have a balance transfer.3

Instalment options
Pay off your purchases in monthly repayments over a set term.4 Find out more

Visa Zero Liability
Shop worry-free at millions of merchants, anywhere in the world.5

Up to 4 additional cardholders at no cost
All eligible spend by additional cardholders contributes to your rewards!2

Reward Points

You can earn 1 point per $1 spent on eligible transactions, and then you can spend your points in two ways.2

Within PayPal Checkout

Online with 750,000+ businesses where Pay with Rewards is offered within PayPal Checkout.
2000 points = $10 to use at checkout.

Within Your Account After Purchase

Select an eligible transaction in your account after purchasing and use your points to pay for it.
2000 points = $7 to use in your account

Get Started With Your Application

The eligibility criteria you must meet to apply for the PayPal Rewards Card are:Be 18 years or older and a permanent Australian resident
Earn more than $35,000 a year
Have an Australian mobile number and a valid email address
Have (or open) a Personal PayPal account

Terms & Conditions:

All applications are subject to credit criteria. Fees, charges and Terms and Conditions apply. Any interest rates shown are variable and subject to change. See the full Terms and Conditions related to this product at paypal.com/au/rewardscard/terms. This offer is for new PayPal Rewards Card customers only and cannot be used in conjunction with any other promotions or offers. PayPal Credit Pty Limited ABN 66 600 629 258, Credit Representative number 527212 promotes and distributes the PayPal Rewards Card as an authorised credit representative of Citigroup Pty Ltd ABN 88 004 325 080, AFSL/Australian credit licence 238098 (Citi). Citi is the credit provider and issuer of the PayPal Rewards Card.

1 To be eligible to receive the bonus Rewards Points, you must apply for a PayPal Rewards Card by 28 October 2021, then spend $3,000 or more on Eligible Transactions using your new card within 3 months from approval. Post this advertised date, Citi reserves the right to continue, withdraw or change the offer at any time without notice. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions and BPAY payments. Please note that government related transactions will contribute towards the spend threshold for this bonus Rewards Points offer. For the full definition of Eligible Transactions along with information on the earning and redeeming of Rewards Points, please read the PayPal Rewards Card Rewards Terms and Conditions, as amended from time to time, and available at paypal.com/au/rewardscard/terms. Your Account must remain open and in good standing for bonus Rewards Points to be awarded. Bonus Rewards Points are ordinarily credited to your account up to 8 weeks after meeting the spend criteria. Note that if you have a balance transfer, you will be charged interest on any spend that you make.

2 You can earn 1 Rewards Point per whole Australian dollar of eligible spend. Eligible spend comprises Eligible Transactions, which means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions and BPAY payments. Please note that the government related transactions are also not eligible to earn Rewards Points. Earn rates are subject to change. For the full definition of Eligible Transactions along with information on the earning and redeeming of Rewards Points, please read the PayPal Rewards Card Rewards Terms and Conditions, as amended from time to time, and available at paypal.com/au/rewardscard/terms.

3 Your total Balance Transfers may not exceed 80% of your credit limit. The 0% p.a. interest rate applies to balances transferred with this offer at point of application, and the Balance Transfer fee (if applicable) for the advertised promotional period. The promotional period commences once the Balance Transfer is processed. At the end of the Balance Transfer period, the interest rate on any outstanding transferred balance and Balance Transfer fee (if applicable) will revert to the variable Annual Percentage Rate for Cash Advances, currently 21.74% p.a. Interest rates are variable and subject to change. Please note you are not entitled to any interest free days on retail purchases whilst you have a Balance Transfer. This means that all spend will be charged interest at the applicable annual percentage rate. If we approve your credit card application, the Balance Transfer offer will be available for up to 90 days from the date your application is approved. For important information to consider before taking up a Balance Transfer, please refer to our balance transfer FAQs at www.paypal.com/au/rewardscard/faq. This offer is valid until 28 October 2021. Post this advertised date, Citi reserves the right to continue, withdraw or change the offer at any time without notice.

4 Instalment Plans are defined in the PayPal Rewards Card Terms and Conditions as a 'Fixed Payment Option'. Fixed Payment Option (Instalments) offers are subject to eligibility and only available if your account is and remains in good standing. Your Fixed Payment Option uses part of your existing credit limit. As you pay off your Fixed Payment Option, the amount you pay off will become available for you to use again as part of your credit limit at the standard Annual Percentage Rate applicable to your account. For the full terms and conditions of your Fixed Payment Option, please refer to the Credit Card Terms and Conditions and Other Important Information available at paypal.com/au/rewardscard/terms.

5 Visa’s Zero Liability covers fraudulent charges or unauthorised purchases made with your PayPal Rewards Card account information or card, and excludes ATM transactions and transactions not processed by Visa. Terms and conditions and exclusions apply. For more information see www.visa.com.au/pay-with-visa/security/zero-liability.html. To report unauthorised use on your PayPal Rewards Card call 1300 145 432 or +612 8288 2929 if overseas.

6 The 55 days Interest Free Period applies when you pay the full Closing Balance from your last statement of Account by the Payment Due Date (excluding any Fixed Payment Option balance which isn’t due for payment by that Payment Due Date). No interest free period is available on Cash Advances or Balance Transfers. Whilst you have a Balance Transfer you will be charged interest on your daily unpaid balance.