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.
