![]() ![]() At the beginning of the calendar year, cardholders will receive 3X points until reaching a $1,000 spend.Īfterward, all future eBay purchases will yield 5X points per dollar – a bonus rate that expires at the end of that calendar year and must be re-earned each time. Essentially, the eBay bonus category can be thought of in two phases in which a $1,000 spending requirement is the tipping point. However, one of the biggest challenges of this card is cardholders have jump through hoops to unlock the 5X rewards rate. 2X points at gas stations, grocery stores, and restaurants.It allows cardholders to earn rewards for offline purchases with bonuses for gas station, grocery store, and restaurant purchases, and awards users most highly for eBay purchases. The eBay Mastercard® has common bonus categories typical of other cards offered by Synchrony Bank. As such, anyone who owns the eBay Mastercard® should plan on paying their balance in full each and every month. Cardholders with phenomenal credit scores will find themselves with an interest rate upwards of 20% (and those with Fair credit scores are more likely to see their interest rate edge towards 30%). The lack of an intro APR is particularly detrimental to this card since the APRs are high – even for a retail card. There is no introductory APR for purchases or balance transfers – in fact, this card doesn’t have the capability to conduct balance transfers at all. Sadly, the eBay Mastercard® doesn’t offer anything by means of financial support for someone planning an eBay shopping spree. No Introductory 0% APR Offer + a High APR = Could be Trouble But as is the case with the co-branded retail cards issued by Synchrony Bank, this card is meant to offer rewards for shopping-and little else. There are several notable limitations of the eBay Mastercard® as a financial or savings tool, namely the lack of the ability to conduct balance transfers and sky-high APRs. While handy, the hyper-specific nature of the redemption methods limits the card’s usability to all but the most frequent eBay users. Each transaction earns points that can be applied as a discount on the total purchase price from eBay checkout page, including taxes and even shipping costs. Despite this hurdle, the card presents the only opportunity for frequent shoppers to earn any rewards towards eBay through external purchases. The eBay Mastercard® has the potential to be lucrative for fans of the online marketplace, but cardholders will need to spend a pretty penny before unlocking the card’s most worthwhile benefits.
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