PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

Card details

  • Earn 2% cash back* on every purchase, no restrictions, no maximums, no rotating categories to keep track of

  • No annual fee**, no foreign transaction fee**

  • Redeem cash rewards right to your PayPal balance* at any time, use however you want. No thresholds or minimums

  • *Select ‘Apply Now’ to view the Rewards Program Terms and important information on redeeming Cash Rewards to your PayPal balance. Subject to credit approval. You must be at least 18 years old and reside in the US or its territories to apply.

  • **For New Accounts: Variable Purchase APR is 22.24%, 26.24% or 29.24%. The APRs are accurate as of 1/1/2019 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum interest charge is $1.50 for all types of cards in any billing cycle in which you owe interest.

  • View Rates and Fees

Rates, fees & offers

  • Annual fee


  • Rewards rate


  • Bonus offer


  • Intro APR


  • Ongoing APR

    APR: 22.24%, 26.24%, and 29.24% Variable

  • Foreign transaction fee


Recommended credit score

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NerdWallet review

By Gregory Karp

Rating details


Editor's overall rating

Pros and cons

  • High rewards rate

  • No annual fee

  • No foreign transaction fee

  • High APR

The PayPal Cashback Mastercard® offers an unlimited 2% cash back on everything you buy with the card. That’s an elite rewards rate for a flat-rate card in an industry where 1.5% cash back is more common.

The allure of the card is that it’s simple and rewarding. You don’t have to remember different rewards for different purchases or activating quarterly reward categories every quarter like some cards require. It has an annual fee of $0.

A potential downside is you must have a PayPal account to apply, and rewards are tightly tied to that account. But if you already have a PayPal account or don’t mind signing up for a free one, this is an excellent choice as a cash-back credit card.

For more information, see NerdWallet's full review of this card.