# Did PayPal just kill the 5% cashback on their debit card?
Canonical: https://social-archive.org/arc/5BgJ4pNtR3
Original URL: https://www.reddit.com/r/CreditCards/comments/1sbizcr/did_paypal_just_kill_the_5_cashback_on_their/
Author: EDSman11
Platform: reddit
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## Content
I received this email yesterday (likely because I had the honey browser extension installed at one point). Does this change mean the “5% back” on the debit card will only be redeemable for gift cards after Aug 1st? “Notice: Amendments to the PayPal Rewards Program Agreement Effective: August 1, 2026 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 your points for gift cards on the Honey website.”