Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

PayPal Cashback Mastercard® review

Compare Compare  
Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
17.99% ‐ 29.99% (Variable)
Interest Rate: Purchases
17.99% ‐ 29.99% (Variable)
Balance Transfer
-
Balance Transfer
-
Rewards
2% cashback (cashback rewards*)
Rewards
2% cashback (cashback rewards*)
Signup Bonus
$100 after spending $500
Signup Bonus
$100 after spending $500


8.3/10
Informr score
The PayPal Cashback Mastercard® currently has an Informr score of 8.3 out of 10. This score is based on our evaluation of 9 sources including reviews from users and the web's most trusted critics.

Am I eligible?


PayPal Cashback Mastercard® is typically available to those with good 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...


CNBC
CNBC

The PayPal Cashback Mastercard is a solid cash-back credit card for consumers looking for simplicity and a way to save on their purchases. However, it’s light in other benefits and features.

- Brett Holzhauer, CNBC
NerdWallet
NerdWallet

It's one of the best flat-rate cash-back cards on the market — as long as you're willing to have and use a PayPal account.

- Gregory Karp, NerdWallet
Clark
Clark

If you are looking for a straightforward cash back card, the PayPal Cashback Mastercard could definitely fill that role in your wallet. The unlimited 2% cash back on all purchases, ease of redemption of cash back rewards and lack of an annual fee are all real positives. But the gamechanger for this...

- Nick Cole, Clark
CreditCards.com
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
LendEDU
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

Details


Interest Rates
Regular APR Interest Rate 17.99% ‐ 29.99% (Variable)

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

Balance Transfer Interest Rate


Cash Advance Interest Rate 29.99% (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 5%

Minimum of $10

Foreign Transaction Fee 3%
Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus $100 after spending $500

On purchases within the first 90 days

Rewards
All Purchases 2% cash back

3% cash back when you check out with PayPal

Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability No
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments Apple Pay, Google Pay
Virtual Cards Yes
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments


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: