PayPal Cashback Mastercard® review

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Advertiser Disclosure

Interest Rate: Purchases
21.74% ‐ 28.74% (Variable)
Balance Transfer
-
Rewards
2% cashback (cashback rewards*)
Signup Bonus
-


7.9/10
Informr score
The PayPal Cashback Mastercard® currently has an Informr score of 7.9 out of 10. This score is based on our evaluation of 6 sources including reviews from users and the web's most trusted critics.

Am I eligible?


PayPal Cashback Mastercard® is typically available to those with average credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


CreditCards.com

Though the PayPal Cash Back Mastercard offers good rewards rate, cardholders who are not regular PayPal users may find the redemption options too cumbersome.

- Robin Ratcliff, CreditCards.com
NerdWallet

If you already have a PayPal account and don’t mind redeeming cash rewards into it — or an associated bank account — you have cleared the biggest hurdles for getting and using the PayPal Cashback Mastercard. The upside is a simple and valuable 2% unlimited cash back on all purchases that few other c...

- Gregory Karp, NerdWallet
LendEDU

While the PayPal Cash Back Mastercard may make sense for some frequent PayPal users, some of the best cash back credit cards on the market may offer lower interest rates and better terms. If the customer reviews are true, this card has room to offer better customer service. The PayPal credit card is...

- Jeff Gitlen, LendEDU
ValuePenguin

The PayPal Cashback Mastercard® is a great credit card for consumers to consider. The 2% rewards rate on all purchases beats most competitors when it comes to everyday spending.

- Robert Harrow, ValuePenguin
HighYa

We believe this card is best suited for someone who uses PayPal frequently and can take advantage of the fact that all cash rewards on the PayPal Cashback are deposited to your PayPal account.

- J.R. Duren, HighYa

Details


Interest Rates
Regular APR Interest Rate 21.74% ‐ 28.74% (Variable)

This APR will vary with the market based on the Prime Rate.

Balance Transfer Interest Rate


Cash Advance Interest Rate 28.74% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee
Cash Advance Fee 3%

Minimum of $5 (Either $5 or 3% of the amount of each cash advance, whichever is greater)

Foreign Transaction Fee 3%

Of each transaction in U.S. dollars.

Over Limit Fee $0.00
Late Payment Fee $38.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases 2% cash back


Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service Yes
Price Protection Yes
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits
  • Airport lounge access
  • Roadside assistance
  • Baggage delay insurance
  • Hotel/motel burglary insurance
  • Lost or damaged luggage insurance
  • Trip cancellation insurance
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments


Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


CreditCards.com

A serious contender into the credit card race

from CreditCards.com

Though the PayPal Cash Back Mastercard offers good rewards rate, cardholders who are not regular PayPal users may find the redemption options too cumbersome.

Read full review

Though the PayPal Cash Back Mastercard offers good rewards rate, cardholders who are not regular PayPal users may find the redemption options too cumbersome.

Read full review

Less

NerdWallet

2% back on everything makes it elite

from NerdWallet

If you already have a PayPal account and don’t mind redeeming cash rewards into it — or an associated bank account — you have cleared the biggest hurdles for getting and using the PayPal Cashback Mastercard. The upside is a simple and valuable 2% unlimited cash back on all purchases that few other cards can match.

Read full review

If you already have a PayPal account and don’t mind redeeming cash rewards into it — or an associated bank account — you have cleared the biggest hurdles for getting and using the PayPal Cashback Mastercard. The upside is a simple and valuable 2% unlimited cash back on all purchases that few other cards can match.

Read full review

Less

LendEDU

A lot to offer PayPal account holders

from LendEDU

While the PayPal Cash Back Mastercard may make sense for some frequent PayPal users, some of the best cash back credit cards on the market may offer lower interest rates and better terms. If the customer reviews are true, this card has room to offer better customer service. The PayPal credit card...More

While the PayPal Cash Back Mastercard may make sense for some frequent PayPal users, some of the best cash back credit cards on the market may offer lower interest rates and better terms. If the customer reviews are true, this card has room to offer better customer service. The PayPal credit card is only a good financial decision for those who can pay the full balance every month.

Read full review

Less

ValuePenguin

A great credit card for everyday use

from ValuePenguin

The PayPal Cashback Mastercard® is a great credit card for consumers to consider. The 2% rewards rate on all purchases beats most competitors when it comes to everyday spending.

Read full review

The PayPal Cashback Mastercard® is a great credit card for consumers to consider. The 2% rewards rate on all purchases beats most competitors when it comes to everyday spending.

Read full review

Less

HighYa

Offers 2% cash back and an interesting mix of shopping benefits

from HighYa

We believe this card is best suited for someone who uses PayPal frequently and can take advantage of the fact that all cash rewards on the PayPal Cashback are deposited to your PayPal account.

Read full review

We believe this card is best suited for someone who uses PayPal frequently and can take advantage of the fact that all cash rewards on the PayPal Cashback are deposited to your PayPal account.

Read full review

Less

Doctor Of Credit

Another interesting 2% cash back card

from Doctor Of Credit

This card is slightly better than other 2% cash back cards since there’s no minimum redemption as the other cards have. Another big advantage is that they’ve removed the foreign transaction fee which makes this an excellent no-fee card for international travel.

Read full review

This card is slightly better than other 2% cash back cards since there’s no minimum redemption as the other cards have. Another big advantage is that they’ve removed the foreign transaction fee which makes this an excellent no-fee card for international travel.

Read full review

Less

User Reviews


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