What's good
- Earn 2% cash back* every day, every time you make a purchase with your card. No exceptions. No rotating categories to keep track of.
- Redeem Cash Rewards right to your PayPal balance^ and use them however you want. No redemption threshold.
- Use your PayPal Cashback Mastercard to shop everywhere Mastercard is accepted. No purchase restrictions.
- No Annual Fee**
What's bad
- No rewards
- No sign-up bonuses
- Requires excellent credit in order to qualify
Am I eligible?
To get this card, you must also:
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...
- Gregory Karp, NerdWalletIf 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...
- Jeff Gitlen, LendEDUWhile 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...
- Robert Harrow, ValuePenguinThe 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.
- Robin Ratcliff, CreditCards.comThough the PayPal Cash Back Mastercard offers good rewards rate, cardholders who are not regular PayPal users may find the redemption options too cumbersome.
- J.R. Duren, HighYaWe 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.
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate |
22.24% ‐ 29.24% (Variable) This APR will vary with the market based on the Prime Rate. |
| Balance Transfer Interest Rate |
|
| Cash Advance Interest Rate |
29.24% 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 |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age | 18 |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments |
*Purchases subject to credit approval. See Rewards Program Terms for details. To earn Cash Rewards, you must have an open PayPal Account in good standing to which your Card Account is linked. If your PayPal Account is closed for any reason, or if your Card Account is no longer linked to your PayPal Account, your Card Account will be closed and any Cash Rewards earned, but not redeemed, will be forfeited.
|
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.
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.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.
Use this card?
Help inform others by sharing your experience with PayPal Cashback Mastercard®
Rate It:
Critic Reviews
2% back on everything makes it elite
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.
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.
A lot to offer PayPal account holders
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.
A great credit card for everyday use
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.
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.
A serious contender into the credit card race
Though the PayPal Cash Back Mastercard offers good rewards rate, cardholders who are not regular PayPal users may find the redemption options too cumbersome.
Though the PayPal Cash Back Mastercard offers good rewards rate, cardholders who are not regular PayPal users may find the redemption options too cumbersome.
Offers 2% cash back and an interesting mix of shopping benefits
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.
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.
Another interesting 2% cash back card
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.
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.