For the longest time now, you’ve been able to pay a certain bank with debit cards. Sure, you could use any debit card, but there was always a risk if you used too many different debit cards, there’d be a shutdown risk. That’s where the Paypal business debit card came into play. For some reason, when you paid this bank, the bank treated it as a debit card SIGNATURE purchase, which gave you the 1% cashback from Paypal. Your only bottleneck was your available CL on the PPBDC, which for most people was around $3K daily. On Saturdays, you could make a same day payment and then ‘schedule’ a Sunday payment I believe. Thus, you could make about ~$90K worth of payments in a given month for a cashback profit of ~$900. The only “catch” was that you had to have money in your Paypal account, so I’d add 9-10K from my checking account to Paypal once a week (I never maxed out the 90K a month.)
If you had the bank’s top tier card, you were getting 2.625% everywhere on the card. Add in the 1% PPBDC of payments and you’re looking at a 3.625% everywhere card. Now before you go whining that it’s capped at $90K of spend a month, that’s still A LOT OF SPEND in one month. Assuming you had a healthy 30K CL, you’re cycling 3X; most likely you’re at 15K and now you’re cycling 6X. The cycling would probably get you shut down before the payments got you knocked off.
Anyhow the deal is dead because the bank switched over to a new system on 1/1/19, and you can no longer use the PPBDC to make payments. I was waiting until now to see if anything had changed to make it work again, but at this point, it’s most likely dead. This has changed my ‘everywhere’ card to be my Discover Miles card since that’s 3%.