This is a bit disappointing compared to some other no-annual-fee cards. There is also no introductory rate on balance transfers or purchases. Welcome offerĪlthough the 2% cash back rate is higher than average, the PayPal Cashback Mastercard does not offer any welcome bonus. If you can jump this slight hurdle, you'll be positioned to reap the cash-back rewards. Keep in mind that you'll need a PayPal account to even apply, but it takes just a few simple steps. For those familiar with PayPal's electronic payment service, this Mastercard would be a breeze to use.īy signing up, you will receive newsletters and promotional content and agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. The card targets existing PayPal users and is also an effort to attract new customers to the platform. That's because it has a high, flat-rate 2% earning on everything you buy and no annual fee. Whether as a standalone card or combined with other cards that offer richer rewards or more perks, the PayPal Cashback Mastercard is valuable for most people. Who is this card for?Ī valuable cash-back card is an important component of any wallet. The card details on this page have not been reviewed or provided by the card issuer. The information for the PayPal Cashback Mastercard has been collected independently by The Points Guy. Let's take a closer look at the PayPal Cashback Mastercard to see if it's right for you. One downside, however, is that if you're not a regular PayPal user, you'll have to go through an extra step to transfer your funds to an external account. New to The Points Guy? Want to learn more about credit card points and miles? Sign up for our daily newsletter. If you're putting a priority on cash back in the current economic environment, this card fits the bill. The PayPal Cashback Mastercard is high on our list of cash-back cards for its uncomplicated 2% return on anything purchased. PayPal also offers two credit cards, one of which is spotlighted in this review. Card Rating*: ⭐⭐⭐⭐ *Card Rating is based on the opinion of TPG's editors and is not influenced by the card issuer.Ĭontactless digital wallets and online payment systems like PayPal are popular for paying friends and businesses with just a few clicks. Very few competitors can match the impressive 2% cash-back earning rate that this PayPard card awards. If you're looking for a rewarding card that offers simple cash back - and don't mind using the PayPal platform - this card makes a whole a lot of sense. View the current offers here.įor a cash-back card, it doesn't get much better than the PayPal Cashback Mastercard. Update: Some offers mentioned below are no longer available.
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