PayPal Cashback Mastercard

PayPal Cashback Mastercard

in Personal Credit Cards from PayPal Inc


PayPal Cashback Mastercard


in Personal Credit Cards from PayPal Inc

SuperMoney Net Recommendation Score +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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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

PayPal Cashback Mastercard is a cashback credit card issued by PayPal Inc. If you're wondering whether PayPal Cashback Mastercard is the right card for you, read on. This is everything you need to know 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 should probably try with another card if your credit score is below 720.
PayPal Cashback Mastercard Pros & Cons
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 Cashback Mastercard FAQ

Is there a PayPal Cashback Mastercard cash back or rewards program?

No, PayPal Cashback Mastercard does not offer a rewards program. PayPal Cashback Mastercard is a cashback card. This means you earn a percentage of your purchase as a cash reward. With PayPal Cashback Mastercard you receive 2% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $20 back in cash.

What are the PayPal Cashback Mastercard benefits?

PayPal Cashback Mastercard provides the following benefits:

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

What are the relevant APRs for PayPal Cashback Mastercard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. PayPal Cashback Mastercard has higher than average purchase APRs.

PayPal Cashback Mastercard 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 Cashback Mastercard have an introductory APR offer on balance transfers?

No, PayPal Cashback Mastercard does not come with an introductory APR offer for balance transfers.

Does PayPal Cashback Mastercard have an introductory APR offer on new purchases?

PayPal Cashback Mastercard does not offer an introductory rate on new purchases.
PayPal Cashback Mastercard Purchase Intro Offer

What are the fees for PayPal Cashback Mastercard?

The following fees apply to PayPal Cashback Mastercard:

PayPal Cashback Mastercard Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Late Payment Fee up to $38

Does PayPal Cashback Mastercard have a foreign transaction fee?

PayPal Cashback Mastercard does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

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 Cashback Mastercard

  • Visit the PayPal Cashback Mastercard 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: 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®


  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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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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