Paypal Mastercard is good news for all the US-based businessmen because of its cashback benefits and no annual fee.

The new PayPal MasterCard is one of the industry’s top cashback business credit cards, with no annual fee and 2% cashback on all purchases with no cap on how much cashback can be earned – assisting small business owners in getting rewarded as they make business purchases.

 Introduction

The PayPal Cashback Mastercard®* is one of only a few cards that offers 3% cash back on PayPal purchases and 2% cash back on all other purchases while charging no yearly fee. That is an excellent return with no strings attached.

There are no classification bonuses to track, no prize earnings limits, and no minimum redemption thresholds. It doesn’t get any easier than that. The only catch is that to apply for the card, you need to have a PayPal account (which is free to open), and those with good or excellent credit are more likely to qualify.

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Advantages Of The Card

• You will receive 2% cash back on all purchases.
• Without the usual $25 minimum, rewards can be redeemed for any amount.
• Integrates easily with your PayPal account
• There is no fee for purchases made outside of the United States.

 Disadvantages Of The Card

• Deposits to your PayPal account, linked bank account, or debit card are the only ways to redeem cash back.
• There are no introductory 0% APR offers for purchases or balance transfers.
• APRs ranging from 21.49% to 28.49%
• Because there is no welcome bonus, you cannot maximize rewards during the first few months of card use.

Features Of Paypal Mastercard

Simplicity

This Paypal Mastercard has two distinct rewards rates, but they’re simple to remember: unlimited 3% cash back at PayPal checkout and 2% back on other Mastercard purchases.

True, other cards offer higher cash-back rates on specific purchases, such as gas stations and restaurants. However, 2% flat-rate cash-back cards have the advantage of being both rewarding and straightforward.

If you use this card as your primary credit card, you’ll get 2% back on most purchases. However, it’s worth noting when a retailer accepts PayPal payments, such as a PayPal button during online checkout. (You can also use it in-store if a PayPal QR code is available as a payment method.) If you select this option, you will receive 50% more rewards (3% cash back).

Simple Redemption

You can get your money back in any amount you want. (Technically, you need one cent in rewards.) Other cards require you to accumulate $25 or more before you can cash out.

You can also access your rewards on a daily basis rather than waiting for a monthly statement cycle. Earned rewards will be available for redemption approximately three days following an eligible purchase.

Consumers can select how to receive cash-back rewards based on account type: make credit card payments, transfer funds to a linked bank account or debit card, or simply fund your PayPal account for other PayPal transactions.

In terms of account types, the card’s terms and conditions state: Rewards can be used to make payments, purchases, send money to other PayPal users, or transfer to your bank account or debit card linked to your PayPal account if you have a PayPal Balance account, which is PayPal’s version of a bank account.

Rewards can only be transferred to your bank account or debit card linked to your PayPal account if you do not have a PayPal Balance account.

It Can Be Used Almost Anywhere

To be clear, you can use a Paypal MasterCard card to pay for things through your PayPal account, but you are not required to do so. It’s a regular credit card that can be used anywhere Mastercard is accepted, even if the retailer doesn’t accept PayPal at the time of purchase.

Quick Access

In most cases, once you’ve been approved for this card, a temporary credit line will be added to your account immediately, and you’ll be able to use it on PayPal right away — you won’t have to wait for a physical card to arrive in the mail. (This will take between seven and ten business days.)

Paypal MasterCard Reward Rates

Earning Rewards

This card’s rewards are straightforward, as you’ll earn a flat 3% cash back on PayPal purchases and 2% on all other online or in-store purchases. There are no categories to keep track of, and there are no earnings limits. As a result, this card is ideal for someone who values simplicity.

Redeeming Rewards

It’s just as simple to redeem rewards with this card as it is to earn them. Your rewards are calculated at the end of each billing cycle and can be redeemed in any amount, with no minimums.

To redeem your rewards, transfer them to your PayPal account, where they can be used to make purchases on PayPal or transferred to a linked bank account. You can also use your PayPal balance to convert your rewards to a statement credit. As a result, in order to keep the card, you must keep your PayPal account open and in good standing.

Rewards Potential

We calculate baseline income and spending averages using data from various government agencies. The 70th percentile of wage-earners earns $107,908 per year and spends $32,072 on credit card purchases. Based on those figures, a household that charges everything to the PayPal Cashback Mastercard would earn at least $641 in rewards per year, and more if you can make your purchases through PayPal.

Is The Paypal Cashback Mastercard For You?

This card is ideal for anyone who wants to earn cash back on all purchases without having to pay an annual fee or keep track of bonus categories.

The combination of 3% cash back on PayPal purchases and 2% cash back on all other purchases, as well as the ease of redemption, makes it ideal for anyone looking for a simple rewards card to use as their primary credit card.

If you prefer to carry multiple cards, it could be a useful addition to your wallet for non-bonus purchases. However, because of the high APR, this card is best suited for people who rarely carry a balance.

Capital one venture card is for all the travel reward seekers who love to have a stylish metal card in their collection.

Features And Applications Of Capital One Venture Card

If you want to earn easy-to-manage travel rewards on all purchases, this card is a great option. Even if you’re not traveling, the boosted miles on all spending can easily earn 1:1 value through most of the transfer partners available.

Introduction To Capital One Venture Card

Flat-rate travel rewards cards are a widely known option for people who want to earn rewards on all of their purchases in one place. Moreover, despite its $95 yearly fee, the Capital One Venture Credit Card is an outstanding example.

On all purchases, you can earn an unlimited number of 2X miles. When compared to many other travel rewards cards, which typically only earn rewards for travel spending, this is a valuable perk for people who want to maximize the number of rewards they earn.

The Advantages Of The Card

When compared to other travel rewards cards that only earn miles for specific flight and hotel bookings, the card offers unlimited, flat-rate travel miles on all purchases.

It has no foreign transaction fees, so you won’t have to worry about them if you use the card abroad.

It provides numerous benefits, including a $100 credit toward the application fee for Global Entry or TSA PreCheck (unlike the Capital One Venture One Rewards Card)

Read also: 5 Best Chase Business Credit Card

The Disadvantages Of The Card

Unlike the Capital One Venture X card, the $95 annual fee isn’t entirely offset by yearly benefits, so look elsewhere if you want to completely offset yearly fees with rewards or prefer a low-cost travel rewards card with no annual fee.

Unless you use certain airline transfer programs, miles are worth 1 cent or less, which can limit your overall earning potential.

This card has a high spending requirement to earn the full sign-up bonus, so if you’re currently budgeting your travel expenses or don’t travel frequently enough to spend $4,000 within three months, this card (and possibly its sibling cards) may not be the best fit for you.

Other Benefits Of The Card

A high rewards rate

While most branded airline credit cards earn only one point for every dollar spent on purchases other than those made with the airline, the Capital One Venture Credit Card keeps things simple. You’ll get 5 miles for every dollar spent on hotels and car rentals booked through Capital One Travel, and an unlimited 2 miles for every dollar spent on everything else.

A sizable sign-up bonus

With its bonus offer for new cardholders, the Venture Credit Card gives you a head start on your next trip: Enjoy a one-time bonus of 75,000 miles  after spending $4,000 on items purchased in less than three months of account opening, equivalent to $750 in travel.

Lounge Access

The Capital One Venture Rewards Credit Card includes two complimentary visits to Capital One Lounge locations or a partnering Plaza Premium Lounge per year. Following that, cardholders have access to a special entry rate of $45 per visit.

Capital One Venture Credit Card Rewards

Earning Rewards

The venture card earns 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases, putting it near the top of the flat-rate reward card rankings. Aside from the welcome bonus, it has no categories or other earning benefits.

The card comes with a welcome bonus of 75,000 miles after spending $4,000 on purchases within three months of account opening, which is equivalent to $750 in travel.

Redeeming Rewards

Most customers’ reward redemption options with the Venture card will be limited to travel rewards. Miles can be redeemed for purchases on Paypal.com or Amazon.com, but these will generally not earn the best value. Miles redemptions for purchases on these sites typically earn only 0.8 cents per dollar more than the 1 cent per dollar value for eligible travel redemptions.

The ability to transfer miles to travel partners is a great feature of Capital One Miles. Although these redemptions may necessitate more effort than redeeming points for previous travel, transferring miles to travel partners may provide the best value per point.

Tip: Buying travel with the card and then redeeming miles to cover the cost is a better financial move than booking through Capital One Travel with miles. You’ll earn miles on the reservation and be able to use your accumulated earnings to offset the purchase this way.

Rewards Potential

To determine the Venture card rewards potential, we look at bonus categories and calculate how much an average American household would spend in those categories.

We use data from various government agencies to calculate baseline income and spending averages across a variety of categories. We base our spending on the 70th percentile of wage-earning households, which earn $107,908 per year.

According to the data, the household has $32,072 in expenses that can be charged to a credit card, including $1,100 in hotel and $1,100 in rental car purchases. In addition to the first-year welcome bonus, the Venture would earn 70,744 miles per year at 5 miles per dollar spent on hotels and rental cars booked through Capital One Travel and an infinite 2 miles for every dollar spent on other items purchased.

These miles can be redeemed for $707 in value toward eligible travel purchases or transferred to Capital One’s travel partners for potentially greater value.

Frequently Asked Questions

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Having a business credit card is really helpful and has become a necessity these days. Chase business Credit Cards are the best practice in this manner.

The Best 5 Chase Business Credit Card

If you are a seeker of mind-blowing offers and rewards from your credit card company then you should really consider Chase Business Credit Cards. Whether you’re a corporate person or a soccer coach, they always have something under the sleeves to benefit your business.

Introduction

Chase is a consumer credit card behemoth, but it also dominates the business credit card market. Whether you’re coaching soccer on weekends for a few extra dollars or running a large software sales company, a Chase business credit card can provide a plethora of benefits to your company.

A financial relationship with Chase can be a valuable asset that can benefit your business in the long run, so obtaining a Chase credit card should not be taken lightly. Managing your credit wisely with Chase can reap long-term benefits.

We’ll have to say “trust us on this,” because it’s difficult to understand the validity of these claims until you’ve obtained one of its business cards, established a business relationship, and benefited directly.

Join us as we look at a few key Chase cards that offer cash-back, travel rewards, and other benefits that any business owner can appreciate.

Benefits Of Having a Business Credit Card

1.       Increasing Your Company’s Credit Score: When it comes to credit, new businesses have a completely blank slate. Isn’t that wonderful? Not at all. Lending institutions are unsure what to think in the absence of a credit history. They have no idea whether you will be able to repay a loan. This can make obtaining financing more difficult.

2.       Separating Business and Personal Finances: It’s a good idea to apply for a dedicated credit card as soon as your company has a business bank account.

3.       Obtaining Greater Financing and Better Terms: Personal credit cards are designed to cater to consumers’ spending habits, which typically means lower spending amounts on electronic items and home furnishings. This credit limit is simply sufficient for many businesses. Inventory purchases on a weekly or monthly basis can quickly deplete available funds. 

4.   Taking Advantage of Company-Specific Benefits: Personal credit cards may provide benefits such as miles redeemable for free flights. Business credit cards may provide greater travel rewards, more miles, higher cash-back percentages, or more appealing sign-up bonuses. This is due to the fact that business owners are likely to spend far more per month than the average consumer.

Top 5 Chase Business Credit Card

However, unlike some small-business credit card issuers, Chase does not offer a secured business card (or secured personal card), and you will typically need a good credit score (690+) to qualify.

Our favorite Chase business credit cards are listed below, along with everything you need to know to decide if one is right for your small business.

1.Ink Business Preferred Credit Card

With the Ink Business Preferred® Credit Card, you earn points for all of your purchases, plus bonus points in specific business categories where you are likely to spend the most.

In addition, the card provides flexible redemption options, such as access to Chase airline and hotel transfer partners. Business owners will also appreciate the card’s benefits, which include cell phone insurance, purchase protection, rental car insurance, and more.

2. Ink Business Cash Credit Card

The Ink Business Cash® Credit Card has many advantages that make it an appealing option for small business owners. Each account anniversary year, the card offers 5% back on up to $25,000 in combined purchases at office supply stores and on cellular phone, landline, internet, and cable TV services.

 When you consider that the card has no annual fee and 0% intro APR on purchases for 12 months (variable 15.49% – 21.49% thereafter), you could be adding significant value to your business at no cost.

Your card comes with Fraud Protection, your card transactions will be monitored in real time for possible signs of fraudulent activity.

3. Ink Business Unlimited Credit Card

As a business owner, you’re probably very busy and prefer a credit card that keeps things simple.

If so, then Ink Business Unlimited® Credit Card could be ideal for you. From the zero annual fee to the flat cash-back rate, the card is a no-frills option worth considering.

This card comes with a lot of benefits like you’ll get 1.5% cash-back on all your purchases and you don’t have to pay anything as an annual fee. Also, it has 0% introductory APR on purchases for 12 months; thereafter variable 15.49% – 21.49%

You can earn $750 in bonus cash after spending $7,500 on purchases within the first three months of account opening.

4. Chase Ink Business Premier

The Chase Ink Business Premier* is a rewarding card for certain businesses that have high annual spending and prefer to earn cash back over travel rewards. Those looking to transfer their reward points to airline and hotel programs and upgrade their travels, on the other hand, should look elsewhere.

The card comes with a $1,000 cash back welcome bonus after spending $10,000 on purchases within the first three months of account opening. This card is a good choice for those who want to earn cash back because of the high bonus and the impressive earning structure for high-spending businesses.

Although, to have all of this you have to pay a high three-figure annual fee of $195 for Chase Ink Business Premier.

5. United Business Card

For business owners who fly United Airlines, the United Business Card can be a useful travel companion with benefits that far outweigh the annual fee.

The card can help alleviate common business-travel issues when flying with United. That is perhaps most important when it comes to your luggage, whether checked or carried on.

In addition, when compared to other airline credit cards, its bonus-rewards categories are extremely beneficial, not only for business travel but also for everyday use. This makes it appealing to entrepreneurs with side businesses.

How Do You Pick a Perfect Credit Card For You?

Most business owners and operators will want to analyze their company’s spending before deciding on a rewards card to see which card will provide the best return on investment.

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Consider the following questions:

• Does your company spend money on things like office supplies?
• Is your company using an automatic bank transfer to pay other expenses such as utilities?

Many business vendors charge a credit card processing fee surcharge when paying invoices with a card, so paying your vendors by card may not make financial sense in some cases.