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 19.99%, 23.99% or 26.99%. The APRs are accurate as of 4/1/2020 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
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
None
Recommended credit score
Compare to other cards
PayPal Cashback Mastercard® | ||
|---|---|---|
| Learn more | ||
Annual Fee$0 | Annual Fee$95 | Annual Fee$0 |
Regular APR14.99% - 23.74% Variable APR | ||
Intro APRN/A | Intro APR0% intro APR on Purchases for 12 months | Intro APR0% intro APR on Purchases for 15 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
High rewards rate
No annual fee
No foreign transaction fee
Cons
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.
