PayPal Cashback Mastercard

For People with
Fair Credit



The PayPal Cashback Mastercard is a rewards card issued by Synchrony Bank that offers an unlimited 2% cash back rate for every purchase you make.

This rewards program has no redemption threshold, and you can redeem cash back rewards at any time for a statement credit, among other options. If you want to redeem cash rewards to your PayPal balance, you’ll need to either have a PayPal Cash or PayPal Cash Plus account.

This PayPal credit card has no annual fee or foreign transaction fees, and comes with a purchase APR of 22.24%, 26.24% or 29.24% Variable.

This card has no signup bonus and doesn’t allow balance transfers, but comes with Identity Theft Protection and other Mastercard benefits.

To apply for this card you’ll need a PayPal account in good standing. If you close your PayPal account or if your card becomes unlinked, your account will be closed and your cash rewards will be forfeited.

The only other fee-free rewards credit card that provides a flat-rate unlimited 2% cash back is the Citi® Double Cash Card – 18 month BT offer, which is a cash back credit card that comes with a balance transfer intro APR offer and some decent perks.

Card Quick Facts

Card Quick Facts

  • Earn 2% cash back* every day, every time you make a purchase with your card. No exceptions. No rotating categories to keep track of.
  • Redeem Cash Rewards right to your PayPal balance^ and use them however you want. No redemption threshold.
  • Use your PayPal Cashback Mastercard to shop everywhere Mastercard is accepted. No purchase restrictions.
  • No Annual Fee**

*Purchases subject to credit approval. See Rewards Program Terms for details. To earn Cash Rewards, you must have an open PayPal Account in good standing to which your Card Account is linked. If your PayPal Account is closed for any reason, or if your Card Account is no longer linked to your PayPal Account, your Card Account will be closed and any Cash Rewards earned, but not redeemed, will be forfeited.

**See Rates and Fees for details.

^Important information on redeeming Cash Rewards to your PayPal balance: You need to have a PayPal Cash or PayPal Cash Plus account to have a balance. If you do not have one of those accounts, you can only transfer your Cash Rewards to your bank account or debit card linked to your PayPal account.

The PayPal Cashback Mastercard is issued by Synchrony Bank pursuant to a license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

For People with
Fair Credit



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Card Details



  • 2% cash back on all purchases
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 22.24%, 26.24% or 29.24% Variable
Intro Purchase APR -
Foreign Transaction Fee None
Chip Technology Chip-and-Signature
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score No
Penalty APR None
Late Fee Up to $38
Returned Payment Fee -
Balance Transfers

Balance Transfers

Intro Balance Transfer APR -
Regular Balance Transfer APR -
Balance Transfer Fee -
Cash Advances

Cash Advances

Cash Advance APR 29.24% Variable
Cash Advance Fee 3%, $5 minimum

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

  • Mastercard Benefits

    You will be provided with a list of Mastercard benefits that apply to you when you receive your card in the mail.

  • ID Theft Protection

    Provides assistance in the event of identity theft, including contacting credit bureaus and clearing your name with credit agencies.

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