PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

Loading

Card details

  • With the new PayPal Cashback Mastercard®, earn unlimited cash back at millions of merchants. No restrictions. No rotating categories.

  • Earn unlimited 3% cash back on PayPal purchases and unlimited 2% on all other purchases. Be one of the first to know when it's available.

  • If you are an existing 2% Cashback Mastercard holder, you do not need to join the list. You will automatically receive this exciting new upgrade.

  • Redeem rewards without the wait. Cash back is earned daily on completed purchases posted to your account. Redeem it to your PayPal balance, and spend it however you want.

  • Enjoy peace of mind with Mastercard. From Tap & Go® to 24/7 Identity Theft Protection™, earning cash back is simple and secure.

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    2%

  • Bonus offer

    N/A

  • Intro APR

    N/A

  • Ongoing APR

    APR: 15.24%, 24.24 or 27.24%, Variable APR

    Cash Advance APR: 27.24%, Variable

  • Foreign transaction fee

    3% of each transaction

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn moreLearn moreLearn more
Annual fee

$0

Annual fee

$99

Annual fee

$199

Regular APR

15.24%, 24.24 or 27.24%, Variable APR

Rates & Fees

Regular APR

16.24%, 20.24% or 25.24%, Variable APR

Rates & Fees

Regular APR

See Terms

Intro APR

N/A

Intro APR

0% intro APR for 15 months on balance transfers made within 45 days of account opening.

Intro APR

N/A

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Not sure which card is best for you?

Take a simple quiz to find out

NerdWallet review

By Gregory Karp

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Rating details

4.3

Editor's overall rating

Pros and cons

Pros
  • No annual fee

  • High rewards rate

  • Cash rewards

Cons
  • Must be a member/customer

  • No 0% intro APR

  • Foreign transaction fee

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.