Money Monday
Free Money Update. It’s been just over a year since I signed up for the PayPal debit card, and thus far I have earned $628.46 by using this card to buy my groceries. I really recommend this card for anyone who likes free money, and is willing to put a little bit of effort into it. If this is not your jam, I get it, just move on. It is my jam. I am the only one around here who enjoys this stuff. It’s a little different from the standard points credit card, because it’s a debit card and you have to have money there first before you spend it. Here are the details on how this particular card works.
- Open a PayPal account.
- Sign up for the PayPal debit card.
- Select your 5% category on the 1st of each month. I set an alarm on my phone for this, and I always choose groceries.
- Fund your card. Every payday, I transfer $500 from my checking account to my PayPal debit.
- Pay with the PayPal debit at the grocery store.
- Every once in a while, transfer your points to your PayPal account. You could spend it from there, or do as I do, and transfer it to a High Interest Savings Account.
You can earn up to $50 a month in your 5% category, plus of course you can use it for other spending as well if you want to. I have other cards that I use for all non-grocery items, including when I pass the $50 earned each month. But if you don’t want to play that game, but would still like to earn some easy cash, this is a good way to do it.
Have you heard of this cash back debit card? Do your eyes glaze over when people bring this sort of topic up?
3 Comments
AC
I remember this.
Birchie
No glazed over eyes here! Anytime that there is free money, take the money!!! If I wasn’t traveling then I would definitely get a card with bigger grocery rewards. For most of us, that’s a pretty large chunk of our spedning.
Michelle G.
I had not heard of this card – and it sounds like a good one! I always appreciate this kind of information, so thank you!