eBay Mastercard Rewards Credit Card Review

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eBay shoppers may be attracted to the eBay Mastercard Rewards credit card because it offers a $50 statement credit with $250 in purchases within 30 days.

The eBay Mastercard is issued by Synchrony Bank (formerly GE Capital), which also issues the Gap credit card, Amazon credit card, and a few other private label credit cards.

eBay Mastercard Details

Sign-up Bonus $50 statement credit when you spend $250 within 30 days of opening
Rewards Rate 1x-5x points per dollar spent
Ongoing APR 21.49% - 28.49% variable
Late Payment Fee Up to $39
Foreign Transaction Fee 3% of each transaction
This card does not have an annual fee, intro APR, balance transfer APR, balance transfer fee, or recommended credit score

Pros & Cons of eBay Mastercard

What We Like

  • 5x points on eBay purchases over $1,000

  • 3x points on all other eBay purchases

  • 60-day price protection

What We Don't Like

  • $10 statement credit for 1,500 points (which is a poor rate)

  • It is hard to say what APR you qualify for

  • 3% foreign transaction fee

eBay Mastercard Sign-Up Bonus

The eBay Mastercard Rewards credit card comes with a $50 statement credit with $250 in purchases within 30 days. However, the $50 statement credit may not be applied to your account for two billing cycles. This could be a deal breaker if you were hoping to use the credit to offset an eBay purchase right away.

Earning Points & Rewards

The eBay Mastercard rewards your purchases with points you can redeem for purchases, gift cards or cash in a PayPal account in increments. Earn 3 points per dollar on PayPal and eBay purchases, 2 points per dollar on restaurant and gas purchases (at standalone gas stations only), and 1 point per dollar on everything else. eBay purchases are worth 5 points per dollar after you spend $1,000 on the site in a calendar year. You can only accumulate a maximum of 50,000 points in a year.

Redeeming Rewards

Rewards points will be credited to your reward point balance within two billing periods after the corresponding purchase is posted to your account and will expire in 24 months if a sufficient amount has not been earned to be issued a statement credit. Each time you earn 1500 rewards points, you will be issued a statement credit in the amount of $10, and your rewards points balance will be reduced by 1500. Statement credits will be issued within two billing periods after your rewards points balance reaches 1500.

Reward points expire in 24 months if enough points have not accumulated to earn a redemption.

eBay Mastercard's Other Features

  • Extended warranties: Get double the original manufacturer’s or store brand’s warranty for up to one year.
  • Price protection: Get reimbursed if the price drops within 60 days.
  • Identity theft resolution: Receive ID theft alerts, card replacement, and ID Theft assistance.

eBay Mastercard's Additional Fees

Cash Advance APR 29.99%
Cash Advance Fee Either $10 or 5% of the amount of each cash advance, whichever is greater
This card does not have a penalty APR, returned payment fee, or overlimit fee

Is This Card Right For You?

If you are a serious eBay shopper, then this card's 5x bonus points on purchases over $1,000, and 3x on purchases below, could be big, but the $10 credit for 1,500 points is not very good, and points expire quickly if you do not accumulate enough.

Next Steps

To apply for an eBay Mastercard, visit ebay.com/creditcard.