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PayPal Cashback Mastercard® review

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Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
15.24% ‐ 27.24% (Variable)
Interest Rate: Purchases
15.24% ‐ 27.24% (Variable)
Balance Transfer
Balance Transfer
2% cashback (cashback rewards*)
2% cashback (cashback rewards*)
Signup Bonus
$100 after spending $500
Signup Bonus
$100 after spending $500

Informr score
The PayPal Cashback Mastercard® currently has an Informr score of 8.2 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...


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
The Balance
The Balance

Offers cash back on all of your purchases at one of the highest rates on the market, without requiring you to earn a certain amount of cash back before you can redeem it. There’s just one catch: You have to have a PayPal account.

- LaToya Irby, Matthew Klammer, The Balance

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 minor 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 ca...

- Gregory Karp, NerdWallet

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 perks are kind of spa...

- Nick Cole, Clark

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,


Interest Rates
Regular APR Interest Rate 15.24% ‐ 27.24% (Variable)

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

Balance Transfer Interest Rate

Cash Advance Interest Rate 27.24% (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


Sign up bonus $100 after spending $500

On purchases within the first 90 days

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
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
Additional comments

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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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