PayPal Is Eliminating Cash Back Redemptions for Rewards Points

PayPal Is Eliminating Cash Back Redemptions for Rewards Points

PayPal is making changes to its PayPal Rewards Program. Starting in August, you will no longer be able to redeem PayPal Rewards Points for cash into your PayPal balance or linked accounts.

Here are the changes:

Please note that certain features of the PayPal Rewards Program are being updated as follows:

• • The option to redeem PayPal Rewards Points for cash back into your PayPal balance account or directly into a linked bank account or linked debit card will be discontinued.
  • The option to redeem PayPal Rewards Points for cash back deposited into a PayPal Savings account will also be discontinued.

If you would like to redeem your PayPal Rewards Points using either option listed above, you must do so before 11:59 PM Pacific Standard Time on August 1, 2026. Alternatively, you may explore other available options to redeem your Rewards Points, for example, by redeeming at checkout.

HT: yaboiur4