PayPal debit card?

[weluvdizne]

Is this worth it, or should I just keep getting the money deposited directly to my bank account? What are the advantages and/or disadvantages? Thanks

 

[minnie10]

I love mine. It is great to have instant access to my money.

 

[Disney-Kim]

We have it too as a backup. We can use it to pay for stuff when out shopping or whatever. We don't always move the money to our bank account...sometimes we leave it in paypal to collect for vacations, etc.

 

[weluvdizne]

We don't always move the money to our bank account...sometimes we leave it in paypal to collect for vacations, etc.

I like that idea. I had bought a few Disney gift cards to save towards a trip, but I hesitate buying more in case I need access to that money. If it's in the checking account, it gets spent, but I really like the idea to leave it in PayPal and pull it out for vacations, or the dreaded emergency. Thanks for the great idea!

 

[BCV2003]

Another benefit is that you get 1% back on purchases where it is used as a credit card.

 

[JB2K]

Another advantage is "pay-at-the-pump" for gas -- you don't have that pesky funds hold like you would with a debit card directly linked to your checking account.

Ditto for hotel reservations, too!

And that 1% (believe it or not) does add up pretty quickly if you use the card for "big ticket" purchases...

 

[julezdisney]

They also have an option where you're money is set up as a money-market fund so you get dividends on the balance. Great return- much better then the banks! Not to be used for entire savings of course, but a nice kick-back for things like trip-funds, etc.