New PayPal Credit Card Offers eBay Discounts as Rewards

New

PayPal Credit Card Offers eBay Discounts as Rewards

PayPal and its parent company eBay have launched a new credit

card called the PayPal Plus MasterCard. To entice eBay users

to sign up, the PayPal credit card offers rewards points for

each dollar in purchases, with each 2,500 points earning a reward

coupon good for $25 off a purchase of an item listed on eBay.

The PayPal

Plus Credit Card is also offering

a 0% introductory offer on purchases and balance transfers

until 2007, although there is a balance transfer fee to consider.

This

is not the first eBay credit card, but it is the first MasterCard

or Visa to come with eBay rewards since the eBay Anything Points

credit card was discontinued in February of this year. PayPal

already offers its Buyers Credit program, but this is not a

traditional credit card that can be used at all merchants acepting

major credit cards.

The

PayPal Plus MasterCard is being issued through a partnership

with GE Money Bank.

Published 05/26/06 (Modified 05/07/12)