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Verdict: The eBay MasterCard left us very disappointed with it’s poor rewards program and fairly high interest rate. This card may officially have one of the worst rewards programs of any card I’ve reviewed this year.
Overview: The eBay MasterCard is offered through GE Money Bank and branded as the official “eBay Credit Card”. The idea behind this card is that you can earn rewards on eBay purchases or any purchases you make with the card.
Fees: This card has no annual fee.
Rewards: With the eBay credit card you can earn 1 point for every $1 you spend on eBay or anywhere that MasterCard is accepted. These points can then be redeemed for free shipping or for vouchers that can be used to buy items on eBay.
- 1,000 Points – Free Shipping (up to $7) on Any eBay Purchase
- 2,500 Points – $25 Off Any eBay Purchase
- 9,500 Points – $100 Off Any eBay Purchase
Overall the rewards program is extremely lacking and I was surprised at how unimpressive the actual rewards are. Earning $7 in free shipping for spending $1,000 just doesn’t cut it, and the other rewards aren’t much more impressive. If you do the math the rewards come out to less than 1% back on what you spend, which is pretty pathetic. There are rewards cards out there that will give you 5 – 10% back on certain purchases, and the eBay card doesn’t even come close to allowing cardholders to earn that much.
I would also beware of the “No Interest for 6 Months” offer with this card. If for some reason you can’t pay the purchase off in 6 months, the interest for the initial 6 months is then charged to your account and the interest rate isn’t exactly low.
- High APR.
- Horrible Rewards Program.
- Beware of the “No Interest for 6 Months” offer.