subscribe to our newsletter

PayPal launches credit card

Online payments giant PayPal is set to roll out its first credit card in Australia, reporting user demand for physical plastic.

The PayPal Rewards card, which will launch in mid-July, will have zero annual fees and will be accepted across the Visa global network.

Andrew Toon, general manager of payments at PayPal Australia, commented there had been calls for a physical payment method from consumers who used the digital payment provider.

“Our customers have been telling us they want to take PayPal with them into physical stores for some time,” Mr Toon said.

“This is just one of the ways we are continuing to enhance the choice and flexibility we offer our customers for how they prefer to pay.”


The card will also have uncapped rewards points, marketed as allowing customers to redeem points however they like. PayPal reported users could potentially apply points to purchases, to offset the cost.

Customers will be able to redeem points across eligible brick-and-mortar stores, in addition to when shopping online and then track their progress on the PayPal app.

Mr Toon commented the pandemic had boosted demand for flexible rewards, with many travel-related points rendered useless.

“Consumers have said they want a flexible rewards program with points they can redeem however they’d like,” he said.

[Related: Symple Loans launches Qantas points offer]


PayPal launches credit card
PayPal launches credit card

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

Sarah Simpkins

Sarah Simpkins is the news editor across Mortgage Business and The Adviser. 

Previously, she reported on banking, financial services and wealth for InvestorDaily and ifa.

You can contact her on This email address is being protected from spambots. You need JavaScript enabled to view it..

Latest News

The digital property settlements platform has appointed independent company directors to its board as it expects to begin trading on the ASX...

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market...

Auction volumes were lower last week amid ongoing lockdown restrictions in Melbourne and a long weekend in several states and territories, a...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.