PayPal Launches Debit Card That Earns 5% Back On One Category (Up To $1,000)

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Update 11/2/24: Tech is now showing up for November. Hat tip to Eternal Blue

PayPal has launched a new debit card where cardholders can choose one category to earn 5% cash back on, up to a limit of $1,000 per month in spend. Currently it seems that the card is invite only mode and you can check your PayPal account to see if you’re eligible. Some things to note:

  • There is no annual fee
  • You have to select your category each month, otherwise you won’t earn 5%
  • Categories you can choose are here:
    • Grocery
    • Dining
    • Gas
    • Clothing
    • Health/beauty
  • Full terms here

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