Credit Card News
Advertising Disclosure
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » News » Products » Synchrony Financial Continue Partnership with PayPal

Synchrony Financial Continue Partnership with PayPal

By
Add to Favorites:
Synchrony Financial Continue Partnership with PayPal
October
23

Synchrony Financial and PayPal are keeping their relationship going, inking an extension in which the card issuer will continue overseeing PayPal’s U.S. and Puerto Rico based Dual Card credit portfolio. This deal covers both the PayPal Extras MasterCard and the eBay MasterCard.

The two companies originally partnered up in 2004 to begin offering credit cards to their customers along with offering digital and mobile payment options as they became available. Both companies see this extension as being the next evolution in their relationship, and a chance to give more opportunities to their cardholders.

“We are pleased to deepen our relationship with these dynamic businesses and continue to meet the evolving needs of PayPal and eBay cardholders for convenient and safe payment solutions and valuable rewards,” said Tom Quindlen, executive vice president and CEO, Retail Cards, Synchrony Financial. “PayPal is at the forefront of digital payments and we look forward to building on our decade of adding greater value and simplicity to cardholder transactions.”

The MasterCards

Once cardholders are approved, whether they have applied for the PayPal Extras or eBay MasterCard, they are automatically signed up for the rewards program. From that point on regardless of which card they have, they earn double points on purchases made through PayPal or eBay. But they earn triple points on purchases made at gas stations and eating out, so date night or any family dinner becomes more lucrative. All other purchases earn one point per dollar spent on all other purchases.

Also accounts are also integrated with PayPal Wallet, so they can use their smartphone to check out, as well as access financing options when shopping at certain merchants. There are no annual fees for these credit cards.

Redeeming those points

When redeeming points the breakdown looks like this:

• 2,200 points gets you gift cards that can be used for gas, dinning out and merchandise
• 3,000 points can be used for merchandise, which can include electronics, home goods and sporting goods
• 6,000 points translates into $50 cash back, deposited into your PayPal Account
• 15 points can be used towards airfare, hotel or car rentals, when booked through Loyalty Travel Services using their reservation system

Add to Favorites:

Related News:

MasterCard and PayPal Stay Together

By Dar Dowling, Posted: August 15, 2016

The PayPal Extras MasterCard co-branded consumer credit card is still in play with an announcement that the pair have inked a multi-year extension deal for the credit card program in the U.S. and Puerto Rico. Continue reading
Pay With MasterCard Via PayPal

By Dar Dowling, Posted: September 09, 2016

PayPal and MasterCard have inked a deal giving MasterCard prime time visibility in the PayPal matrix. Whether using PayPal to buy a movie ticket, dinner or something else people will be able to choose to pay directly with their MasterCard ... Continue reading
EMV Credit Card Deadline Finds People Unprepared

By Elizabeth Nelson, Posted: September 30, 2015

Starting tomorrow, merchants are supposed to be ready to accept EMV payments from consumers—or face the possible consequences, which could mean picking up the tab. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit