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.
Rates, fees & offers
APR: 22.24%, 26.24%, and 29.24% Variable
Foreign transaction fee
Recommended credit score
Not sure which card is best for you?
By Gregory Karp
Editor's overall rating
Pros and cons
High rewards rate
No annual fee
No 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.
For more information, see NerdWallet's full review of this card.
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.