SuperMoney
  PayPal Cashback Mastercard

PayPal Cashback Mastercard

in Personal Credit Cards from PayPal Inc

Claimed

PayPal Cashback Mastercard

Claimed

in Personal Credit Cards from PayPal Inc

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

6 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Purchase APR  (Variable APR) 22.24% - 29.24%
Balance Transfer APR  (Variable APR) N/A
Credit Score Range 720 - 850
Annual Fee $0
Number of Reviews 6

PayPal Cashback Mastercard Review

This is a cashback credit card issued by PayPal Inc. If you're wondering whether Paypal credit card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 22.24% up to 29.24%.
  • No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your purchases, but you don't have to pay an annual fee for the privilege.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Good or better credit required. You will have low approval odds if your credit score is below 720.
Pros & Cons of Paypal credit card
The Good The Bad
  • 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 or foreign transaction fee.**
  • No annual fee.
  • Extended warranty and price protection on purchases.
  • Identity Theft Protection.
  • No foreign transaction fee.
  • PayPal Cashback Mastercard reports to multiple credit bureaus.
  • You need excellent credit to qualify.
  • Interest rates are above average.
  • No signup bonus.
  • Higher than average purchase APRs.
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
Paypal credit card FAQ

Does Paypal credit card have a cash back or rewards program?

No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 2% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $20 back in cash.

What are the Paypal credit card benefits?

It provides the following benefits:

  • Extended Warranty Protection
  • Price Protection
  • Reports to major credit bureaus

What are the relevant APRs for Paypal credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It has a variable purchase APR that ranges from 22.24% up to 29.24%. It also has a variable cash advance APR of 29.24% .

Does Paypal credit card have an intro APR offer on balance transfers?

No, it does not come with an intro APR offer for balance transfers.

Does Paypal credit card have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

What are the fees for Paypal credit card?

The following fees apply:

Paypal credit card Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Late Payment Fee up to $38

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does Paypal credit card have a foreign transaction fee?

This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.

What is the customer service phone number for Paypal credit card?

The Paypal credit card customer service number is (402) 935-2050.

What is the support contact email for Paypal credit card?

The support contact email for Paypal credit card is service@paypal.com.

How do people rate the customer service and user experience of Paypal credit card?

Overall, Paypal credit card is strongly recommended based on community reviews that rate customer service and user experience.

Does PayPal Cashback Mastercard report your account activity to credit bureaus?

Yes, PayPal Cashback Mastercard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Paypal credit card

  • Visit the Paypal credit card website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

PayPal Cashback Mastercard Disclosure: *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. • **See Rates and Fees for details. • ^Important information on redeeming Cash Rewards to your PayPal balance: You need to have a PayPal Cash or PayPal Cash Plus account to have a balance. If you do not have one of those accounts, you can only transfer your Cash Rewards to your bank account or debit card linked to your PayPal account. • The PayPal Cashback Mastercard is issued by Synchrony Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. View PayPal Cashback Mastercard's published terms & conditions.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From PayPal Inc

Turn your everyday purchases into 2% cash back* with the PayPal Cashback Mastercard®

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Foreign Currency Transaction Fee 0%
No Annual Fee
No Foreign Transaction Fee
Annual Fee $0
Paper Statement Fee $0
Cash Advance Fee Minimum $5
Cash Advance Fee (%) 3%
Minimum Interest Charge $1.50
Late Fee Amount Up to $38
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 720 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Extended Warranty Protection
  • Identity Theft Protection
  • Price Protection
No Reward Expiration Period
Rewards Categories
  • Every Purchase
Cash Advance APR (Variable APR) 29.24%
Purchase APR (Variable APR) 22.24% - 29.24%
Card Type
  • Cashback
Card Network Mastercard

PayPal Cashback Mastercard Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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