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PayPal Cashback Mastercard®
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On PayPal's secure site
Rewards Rate
Earn 3% cash back on PayPal purchases and 2% on all other purchases.
Welcome Offer
n/a
Regular Purchase APR
20.24% - 32.24%, Variable, rates as of 9/1/2023
Card Network
Annual Fee
$0
Credit Score Needed
Excellent, Good
Offer Details
  • Earn unlimited 3% cash back on PayPal purchases and 2% cash back everywhere else Mastercard is accepted. Purchases subject to credit approval. See Rewards Program Terms for details and restrictions. https://www.synchronycredit.com/gecrbterms/html/PayPalCashbackRewardsTerms.htm

  • With the PayPal Cashback Mastercard®, earn unlimited cash back at millions of merchants.

  • No restrictions. No rotating categories. No annual fee. See Terms and Rates for New Accounts. https://www.synchronybankterms.com/gecrbterms/html/PayPalCashbackApplyTerms_combo.htm

  • Shop at millions of brands with PayPal to earn unlimited 3% cash back.

  • Earn rewards without the wait. Cash back is earned daily on completed purchases posted to your account. Redeem it to your PayPal balance account, and spend it however you want.

  • PayPal account required at application.

  • Applications are subject to credit approval. You must be at least 18 years old and reside in the US or its territories to apply.

Rated Best for:
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

The PayPal Cashback Mastercard®

January 30, 2024

In a world where convenience and financial flexibility reign supreme, the PayPal Cashback Mastercard emerges as a formidable contender in the realm of credit cards. As a product of the digital payment giant, PayPal, this credit card promises not only seamless transactions but also enticing cashback rewards that can make a significant impact on your bottom line. In this review, we'll delve into the features and potential drawbacks of the PayPal Cashback Mastercard to help you make an informed decision.

Features:

1. Cashback Rewards: One of the standout features of the PayPal Cashback Mastercard is its straightforward cashback program. Cardholders earn a flat 2% cash back on every purchase, with no restrictive categories or spending caps. This simplicity makes it an attractive option for those who want to maximize their rewards without the hassle of juggling bonus categories.

2. No Annual Fee: The absence of an annual fee is another feather in the cap of this credit card. For users looking to maximize their savings without worrying about recurring charges, the PayPal Cashback Mastercard provides a compelling value proposition.

3. Integration with PayPal: Given its parentage, the PayPal Cashback Mastercard seamlessly integrates with your PayPal account. This means you can easily manage your credit card transactions alongside your digital wallet activities, streamlining your financial life.

Drawbacks:

1. Foreign Transaction Fees: As mentioned earlier, the foreign transaction fees can be a drawback for individuals who frequently travel internationally. If this describes your spending habits, you might want to explore credit cards with more favorable terms for global use.

2. APR Considerations: While the PayPal Cashback Mastercard offers a competitive APR, it's essential to consider your own spending and repayment habits. If you tend to carry a balance, the interest charges could offset the benefits of the cashback rewards.

Conclusion:

In the crowded landscape of credit cards, the PayPal Cashback Mastercard distinguishes itself with its simplicity, generous cashback rewards, and integration with the widely-used PayPal platform. For individuals who prioritize straightforward rewards and appreciate the convenience of managing their finances within the PayPal ecosystem, this credit card proves to be a compelling choice. However, potential applicants should carefully weigh their spending habits, especially in terms of foreign transactions, to ensure that the PayPal Cashback Mastercard aligns with their financial needs and goals.

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Editorial Disclaimer
All content is written by editorial staff or writers engaged by the site, not by marketers/sales staff. Editors responsible for producing the content are not in contact or affiliated with any advertiser and are not compensated based on success of the affiliate links. All decisions regarding recommendations are determined separately from advertising relationships. Any opinions, analyses, reviews or recommendations expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.
Approval Odds
BestCreditCard calculates your approval odds by comparing your credit profile to other BestCreditCard members who were approved for this product. These approval odds are estimates only and do not guarantee approval. Credit card issuers use a variety of different types of credit scores and criteria to make credit decisions. The TransUnion credit score we provide is based on the VantageScore 3.0 model and may not be the credit scoring model used by financial institutions presenting offers on our website.