PayPal has DESIGNATED a policy update and the big change is that it will no longer be possible to redeem PayPal cashback rewards. This policy will take effect on August 1, 2026. The relevant terms are as follows:
Changes to the PayPal Rewards Program Agreement
Effective: August 1, 2026
Please note that some features of the PayPal Rewards Program are being updated as follows:
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- The option to redeem PayPal Rewards Points for cash in your PayPal balance account or directly to 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 wish to redeem your PayPal Rewards Points using any of the options listed above, you must do so in advance 11:59 PM Pacific Standard Time on August 1, 2026. Alternatively, you can explore other options available to redeem your reward points, for example by redeeming them at checkout.
Please also note that in or after June 29, 2026participating in and receiving future program benefits may require your registration or opt-in through the PayPal app, website, or during checkout (for example, by taking a specific action or checking a box).
The hits keep coming in 2026. Redemption options will become:
- Charitable donation
- Gift cards through the Honey extension
- Payment by Paypal (only valid for some purchases)
Hats off to him yaboiur4
