PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

PayPal Cashback Mastercard®

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Card details

  • Get 2% cash back* every day, every purchase, every time you use your card. No exceptions. No rotating categories to keep track of.

  • No annual fee**

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

Rates, fees & offers

  • Annual fee

    $0

  • Rewards rate

    2%

  • Bonus offer

    None.

  • Intro APR

    N/A

  • Ongoing APR

    APR: 19.99%-26.99% Variable APR

    Cash Advance APR: 26.99%, Variable

  • Foreign transaction fee

    3%

Recommended credit score

Compare to other cards

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Learn more
Annual fee

$0

Annual fee

$95

Annual fee

$0 intro for the first year, then $95

Regular APR

19.99%-26.99% Variable APR

Regular APR

15.99%-22.99% Variable APR

Regular APR

13.99%-23.99% Variable APR

Rates & Fees

Intro APR

N/A

Intro APR

N/A

Intro APR

0% intro APR on Purchases for 12 months

Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

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NerdWallet review

By Gregory Karp

Rating details

4.8

Editor's overall rating

Pros and cons

Pros
  • No annual fee

  • High rewards rate

  • Cash rewards

Cons
  • Must be a member/customer

  • No new cardholder bonus offer

  • No 0% intro APR

  • Limited redemptions

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.