Payback Rewards of PayPal Prepaid MasterCard

rewards of paypal prepaid mastercardI applied PayPal Prepaid MasterCard a few months ago. The primary purpose of having this card is to earn interest from its savings account (see details here), but I have been making purchase with the card to see what kind of reward they offer. Their reward program is “targeted.” They review how you use the card and give you offers that are relevant to your spending. Thus, when I just received the card, there was no offers. I searched online to see some examples of offers so that I could use the card efficiently. However, I couldn’t find any examples.

So, I carried out an experiment. I exclusively used the card at supermarkets. To boost up the process (from my guess), I also asked cash back as much amount as each store allowed. About a month later, I received three offers for the first time.

1. Walmart

Shop at and receive 5% Cash Back on every purchase until a maximum of $500 in combined total spend is reached! Offer valid on purchases through 12/8/2014! Purchases must be made through this link. Offer not valid toward shipping and handling, taxes and other surcharges. Offer applied after all discounts and coupons. Offer not valid toward purchases from Sam’s Club and, pharmacy, travel, financial services, tires, optical, Wal-Mart Connect Internet Service, gift cards, and online gift cards. – Save Money. Live Better

I wonder why I received an offer for the store I have never used the card. It is a very common offer. You can find the same one in many cash back portal sites. I was expecting offers that are similar to Amex Offer so I can use the card in stores and redeem the offer. But this offer is online only, and purchases must be made through the link. This is just typical cash back offer you can find in portal sites any time.

2. Peapod by Stop and Shop

Online Grocery Delivery: Shop with Peapod by Stop & Shop in Connecticut, Massachusetts, Rhode Island, New Hampshire, New York, and New Jersey to earn 15% Cash Back on a purchase amount up to $100. Shop at Peapod by Stop & Shop to find some of your favorite national brands, plus money-saving store brands! View the Peapod by Stop & Shop website to learn more. Peapod by Stop & Shop – Grocery shop anytime, anywhere!

Offer expires 12/13/2014. Payment must be made on or before offer expiration date. Payment must be made with your eligible debit or credit card. Offer valid online only. Offer valid one time only.

Another offer for online shopping. The terms don’t mention about the link. So, if I click the link of cash back portal site and use the card, I may earn both rewards. For example, BeFrugal offers $10 cash back for new customers. If I can earn both rewards, I will get $25 cash back in total. The problem is that Peapod charges $11.95 for each delivery and $2.95 for each pick-up. Besides, all my neighbor Stop&Shop stores are somehow excluded for pick-up locations. The closest store is 12 miles away. However, this will be an interesting experiment.

3. Verizon FiOS

Switch your TV, Internet and home phone services to Verizon FiOS & earn $75! Verizon FiOS gives you the ultimate in home entertainment. Plus, redefine what TV can be by upgrading to FiOS Quantum℠ TV and get more storage, more control and more access.

Verizon FiOS order must be placed online through this link. Account must be active for 60 days to receive reward. Reward can take up to 90 days to post to account. New customers with 2 year term only. Offer valid one time only. Other conditions apply. Offer expires 12/16/2014.

Like the offer for Walmart, I have no idea why I got this offer. And I’m not interested at all. So, I don’t check anything further. Probably, you can find the same offer in cash back portal sites any time.


These are three offers from PayPal Prepaid MasterCard for the first time. They are a lot different from ones I expected. I found an offer for Peapod interesting. Cashback portal sites pay only new customers. If I continue to receive an offer, it’s worth keep using the card at supermarkets.

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