American Express Blue Business Cash™ Card PayPal Business Cashback Mastercard® credit card * vs.
#PAYPAL FEES PLUS#
There’s a welcome bonus: $500 after spending $5,000 in the first 3 months, plus an additional $500 if $50,000 is spent in the first 6 months.
#PAYPAL FEES FULL#
You must pay in full each billing cycle, otherwise you’ll be charged a 2.99% monthly late fee. Just note you can’t roll over a balance from one month to the next. It does charge a $150 annual fee, but has a unique feature that will help businesses that spend big manage their cash flow-it’s a charge card, and has no preset spending limit.
The Capital One Spark Cash Plus * earns 2% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel. There’s also a welcome bonus of $750 bonus cash back after spending $7,500 on purchases in the first 3 months from account opening. Earn 1% cash back on all other purchases. You’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year and 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. However, the catch is that the 5% rate is capped, and only applies to specific spending categories. The Ink Business Cash® Credit Card comes with a generous cash-back program, allowing cardholders to earn up to 5% back. Here are some other top options to know about: PayPal Business Cashback Mastercard® credit card * vs.
The PayPal Business Mastercard is part of a crowded field of competitors. Other benefits, such as a receipt management system, identity theft protection, and a savings program when shopping with Mastercard partners, are good to know but less exciting. Terms are strict, so read them carefully before renting to ensure you’re covered. Rental Car Insurance: When you waive the rental company’s insurance (which may often run anywhere from $5 to $30 per day), this benefit acts as insurance for covered vehicles against damage or theft.Extended Warranty: If you make an eligible purchase that comes with an original manufacturer’s warranty of 24 months or less, this benefit will double the length of your warranty protection, with a maximum repair or replacement value of $10,000.Note that there’s a maximum of two claims per 12 months allowed, and each claim is subject to a $50 deductible. Charge your phone bill to this card and you’re protected against damage or theft up to $300 per claim and up to $500 per 12-month period. Cell Phone Protection: Having cell phone protection through your credit card can save you the money you might otherwise pay for insurance offered by your phone company.While it would be nice to see a few more purchase and travel benefits, the list is pretty good compared to other cash back cards with no annual fee. That’s a solid reward, considering the card has no annual fee.īenefits from the PayPal Business card are provided by Mastercard. For every $100 charged to your account, you’ll get $2 back.įor example, a business that uses the card for $2,500 in monthly purchases would earn $50 in cash back every month, or $600 per year. The amount you earn is tied directly to your spending. With no limits or caps, the rewards you can earn from this card have unlimited potential.
Whichever redemption option you choose, you get the same value. Redemption requests must be for amounts larger than $1. If you do not have a PayPal Balance account, your only option will be to transfer your cash rewards to your bank account or debit card linked to your PayPal account. You can also cash in rewards for a statement credit, which lowers your credit card account balance. It’s a popular method for businesses to accept credit cards and other forms of payment. For those unfamiliar with PayPal, it works to some extent like an online checking account and enables you to send and receive money online. Not surprisingly, one of those is to deposit rewards into a PayPal account. As long as you don’t accrue interest or incur any fees, the 2% you earn in rewards is net cash back in your account. Remember that carrying a balance from month to month and incurring interest charges will outweigh any rewards you earn-so paying off the card in full every month by the due date is important to avoid those costs. The rewards are simple and easy to understand. There are no bonus or rotating bonus categories to worry about or keep track of. The PayPal Business Cashback Mastercard offers a flat 2% cash back on purchases with no limits on how much cash back you can earn.