PayPal Cashback Mastercard®
Advertiser Disclosure
Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.
PayPal Cashback Mastercard®
Highlights & Features
Rewards
- 2% cash back on all purchases
Balance Transfers
A balance transfer is a way to move credit card debt from one credit card to another with the goal of saving money on interest.
| Intro Balance Transfer APR | N/A |
| Regular Balance Transfer APR | N/A |
| Balance Transfer Fee | N/A |
Fees
| Penalty APR | N/A |
| Late Fee | Up to $38 |
| Returned Payment Fee | N/A |
| Additional Cards Annual Fee | N/A |
| Foreign Transaction Fee | None |
Cash Advances
Borrowing cash on your credit card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.
| Cash Advance APR | 29.24% Variable |
| Cash Advance Fee | 3%, $5 minimum |
PayPal Cashback Mastercard®
Highlights
- 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.
ABOUT THE ISSUER
Synchrony
Synchrony has several card types depending on your needs.
Manage your Account & Pay your Bill
You can usually pay your bill online on your
Credit card issuer's websiteThe 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 (you must pay at least the minimum due on time to earn rewards).
