PayPal Rewards Card

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

Now that you have your PayPal Rewards Card, it's time to make sure you're enjoying all the benefits.

Uncapped rewards

Earn 1 Point for every $1 spent on eligible transactions.1

Spend your rewards points where you shop

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

Use your rewards points to pay

Select an eligible transaction in your PayPal Rewards Card account and use your points to pay for it.1

Add additional card holders

Add up to 4 additional cardholders at no additional cost, to help build your Rewards Points.

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

With the PayPal Rewards Card you have more flexibility to spend your Rewards Points.

At PayPal Checkout

You can use your Rewards Points to pay for certain selected transactions. Where available the 'Pay with Rewards' option will be displayed when you select your PayPal Rewards Card to pay for your purchases.1

In your PayPal Rewards Card online account

You can use your Rewards Points to pay for certain selected transactions that we present to you in your PayPal Rewards Card online account. Log in to your PayPal account, select 'PayPal Rewards Card', then go to 'My Rewards'.1

PayPal Rewards Card Instalment Plans

A PayPal Rewards Card Instalment Plan allows you to break purchases into more manageable monthly repayments at a fixed rate over a set term.2

Types of instalments

There are three types of instalment plans available2

Transaction Instalment Plan

Convert a retail purchase of $50 or more that’s yet to appear on a Statement and repay it in monthly instalments at a fixed rate over a set term.2

Statement Instalment Plan

Convert your retail purchase balance from $500 on your latest Statement into monthly instalments at a fixed rate, and repay them over a set term.2

Cash Instalment Plan

Access funds from $500 up to your available credit limit and repay it in monthly instalments at a fixed rate over a set term.2

Rates, Annual Fees & Limits


20.99% p.a.

21.74% p.a.


Up to 55 Days4

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 This offer is for new PayPal Rewards Card customers only and cannot be used in conjunction with any other promotions or offers. PayPal Rewards Card is issued by National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”). NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the products.

1 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

2 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

3 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 To report unauthorised use on your PayPal Rewards Card call 1300 145 432 or +612 8288 2929 if overseas.

4 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.