PayPal Business Cashback Mastercard®

The PayPal Business Cashback Mastercard® is a business card designed for business owners who prefer to pay with PayPal. If you do that, you’ll earn an unlimited 3% cash back on every purchase. All other purchases earn 2% cash back. Other benefits include cell phone protection and ID theft protection. There is no welcome offer, nor is there a 0% introductory APR offer. There are a few requirements to apply for this card. You need a PayPal Business account, minimum annual revenue of $5,000, and own a business that’s at least a year old. We dive into the details and your approval odds in this PayPal Business review.

Our Rating

4.0/5.0

Welcome Offer

None

Annual Fee

$0

0% on Purchases

N/a

Reward Rate

2% to 3% cash back

0% on Balance Transfers

N/a

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts, Identity theft protection
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay, PayPal
BenefitsCell Phone Protection, Extended Warranty Coverage, 24/7 customer service
Travel PerksAuto Rental Collision Damage Waiver

Rewards

2% cash back
On all other eligible purchases
Earn unlimited 2% cash back on other purchases.
3% cash back
Select Categories
Earn unlimited 3% cash back on PayPal purchases.

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR18.49% to 29.99% (V) APR

What Credit Score Is Required to Get the PayPal Business Cashback Mastercard®

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 680

Average Approved Credit Score: 707

App StatusDateCredit ScoreBureauCredit Limit
Approved04/14/2023
730
Not Provided
$7,500
Approved03/10/2023
711
TransUnion
$2,500
Approved02/03/2023
680
Experian
$10,000

Pros & Cons

Pros
  • No annual fee
  • No foreign transaction fee
  • 3% cash back on PayPal purchases
Cons
  • No welcome bonus
  • High APR
  • Requires good credit

What Are the Best Alternatives?

Ink Business Cash® Credit Card
Ink Business Cash® Credit Card

Rating

4.8

Rewards Range

1%-5%

Annual Fee

$0

The American Express Blue Business Cash™ Card
The American Express Blue Business Cash™ Card

Rating

4.6

Rewards Range

1% - 2%

Annual Fee

No annual fee

Capital One Spark Cash Plus
Capital One Spark Cash Plus

Rating

4.8

Rewards Range

2% to 5%

Annual Fee

$150

Related Articles