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May 26, 2006

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 credit card is being issued through a partnership with GE Money Bank.

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