PayPal Cashback Mastercard
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The PayPal Cashback Mastercard is a cash back card designed for anyone seeking decent cash back rewards and no annual fee. It offers 3% cash back on PayPal purchases and 1.5% cash back on everything else: no rotating categories, nothing to keep track of. However, you won’t get a welcome bonus or a 0% introductory APR, and it’s a little skimpy on other rewards.
Our Rating
3.8/5.0
Welcome Offer
None
Annual Fee
$0
0% Intro on Purchases
None
Reward Rate
1.5% to 3%
0% Intro on Balance Transfers
None
Editorial Review
How Does the PayPal MC Compare?
This PayPal Cashback Mastercard compares well to other cards that offer a simple cash back reward structure. Cash back never expires, and there are no limitations on how much you can earn.
Who is the PayPal MC best for?
If you shop online frequently and often use PayPal, you will enjoy the simple cash back reward that the PayPal Cashback Mastercard offers. However, this card does come with an 19.49% to 34.24% APR, so be careful to pay it off each month, if possible.
Who would do better with a different card?
If you carry a balance, the APR is high, so you might want to consider a card with a lower APR if you have good credit. The Wells Fargo Active Cash® Card card offers unlimited 2% cash back on purchases. If you’re planning a major purchase, it also offers a 0% introductory rate on purchases for 12 months from account opening.
If you don’t mind keeping track of categories, the Blue Cash Preferred® Card from American Express can earn you up to 6% cash back at the grocery store and 6% cash back on streaming services. Everyone shops at grocery stores, and these days, most people have at least two or three streaming services. There is a spending cap on these rewards, though. It also offers a 0% introductory rate on purchases for 12 months.
The Capital One Savor Cash Rewards Credit Card card also carries no annual fee, and you can earn up to 3% cash back. Plus, there’s a 0% intro APR on purchases for 15 months.
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Identity theft protection |
| Contactless Payments | Tap to Pay, Google Pay, Samsung Pay, PayPal |
| Benefits | Purchase Protection, 24/7 customer service |
| Travel Perks | None |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 3% of each transaction. |
| Regular APR | 19.49% to 34.24% (V) APR |
What Credit Score Is Required to Get the PayPal 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: 650
Average Approved Credit Score: 789
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 01/19/2023 | Not Provided | ||
| Approved | 04/14/2023 | Not Provided | ||
| Approved | 09/29/2023 | TransUnion | ||
| Approved | 02/02/2024 | Equifax | ||
| Approved | 02/02/2024 | Experian | ||
| Approved | 02/02/2024 | Experian | ||
| Approved | 02/02/2024 | Equifax | ||
| Approved | 02/02/2024 | TransUnion | ||
| Approved | 02/02/2024 | TransUnion | ||
| Approved | 12/30/2023 | Not Provided |
Pros & Cons
- No annual fee
- Up to 3% cash back
- No welcome bonus
- High APR
- Foreign transaction fee
- Requires good credit
What Are the Best Alternatives?
Wells Fargo Active Cash® Card
Rating
4.9
Rewards Range
2%
Annual Fee
$0
Blue Cash Preferred® Card from American Express
Rating
4.5
Rewards Range
1%-6%
Annual Fee
$0 intro annual fee for the first year, then $95.
Capital One Savor Cash Rewards Credit Card
Rating
4.5
Rewards Range
1% -10%
Annual Fee
$0