PayPal Cashback Mastercard®
PayPal Cashback Mastercard®
PayPal Cashback Mastercard®
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
| Learn more | ||
Annual fee$0 | Annual fee$95 | Annual fee$0 intro for the first year, then $95 |
Regular APR19.99%-26.99% Variable APR | Regular APR15.99%-22.99% Variable APR | |
Intro APRN/A | Intro APRN/A | Intro APR0% intro APR on Purchases for 12 months |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
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.
For more information, see NerdWallet's full review of this card.
