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PayPal Debuts a Credit Card That Offers 2% Cash Back (bloomberg.com)
PayPal is turning to its old nemesis, plastic, to help it expand beyond the digital realm. From a report: The online payments venture is introducing a credit card that offers customers 2 percent cash back on purchases -- one of the industry's highest rebate rates -- with no annual fee. The rewards will appear in users' online wallets and can be spent immediately on additional PayPal purchases or transferred to a bank. The move is part of Chief Executive Officer Dan Schulman's effort to transform PayPal from a payments button on websites into a versatile financial tool for everyday use, even in brick-and-mortar stores. He's forged 24 deals over the past 18 months with technology and financial companies including Apple, Visa and JPMorgan Chase, looking to make PayPal ubiquitous in the lives of its 210 million customers. The company already tested the card with some of them.
The actual no-brainer is to stop carrying credit card debt from month to month. Use the card by all means, reap the cash-back benefits, and then pay it off in full at the end of every month. If you need a "debt consolidation" loan, and it'll take you 3 years to pay it off, that's pretty a pretty fucking dumb way to manage your credit.
Apparently you didn't learn your lesson from filing bankruptcy a few years ago.