Earn While You Spend: A Comprehensive Guide For Those With Bad Or No Credit

Leveraging PayPal and Coinbase

• PayPal Debit Card:
  • No Credit Check Required: A great option for those with bad or no credit.
  • Monthly Cash Back Categories: Each month, you can select a category (like groceries, gas, or dining) to earn a 5% cash back rate.
  • General Cash Back: Even on non-category purchases, you can still earn a smaller percentage of cash back.
  • Cashback Rewards: Earn PayPal Rewards points on eligible purchases, which can be redeemed for cash back or other rewards.
  • Many Promotions: There are a lot of cash back promotions for large percentages for specific companies like Uber, Dominoes, CVS & more!
  • PayPal Savings: You can store you money using PayPal’s savings account feature with 4.3% APY.
  • Crypto & Shopping: You can buy/sell crypto and shop right on the PayPal app with your money.
  • Easy to Use: Link it to your PayPal balance or bank account and start spending.
• PayPal Pay Later:
  • Interest-Free Installments: Break down large purchases into smaller, interest-free payments.
  • Build Credit: Responsible use of Pay Later can help improve your credit score over time.
• Coinbase Card:
  • Crypto Rewards: Earn cryptocurrency rewards on your everyday purchases. The specific cryptocurrency and reward rate can vary depending on your spending habits and Coinbase's current promotions. You can earn Bitcoin, USDC, & more every time you use your card.
  • No Credit Check: You don't need a credit card to use the Coinbase Card.
  • Easy to Use: Link your Coinbase account and start spending.

Maximizing Your Earnings

To maximize your earnings with PayPal and Coinbase, consider these tips:

• Frequent Use: The more you use them, the more rewards you'll earn.
• Timely Payments: Pay your balances on time to avoid late fees and potential damage to your credit score for the Pay Later option.
• Diversify Your Earnings: Use both PayPal and Coinbase to earn different types of rewards.
• Utilize Monthly Categories: Choose categories that align with your spending habits to maximize your earnings.
• Shop Through PayPal: Whenever possible, use PayPal as your payment method to earn points.
• Stay Updated: Keep an eye out for special promotions and offers from PayPal.
• Timely Redemption: Ensure you redeem your rewards before they expire.

By understanding how these platforms work and using them strategically, you can start earning rewards while you spend, even with a less-than-perfect credit history. Remember, building a strong financial foundation takes time and discipline.