The PayPal Cashback Mastercard is an excellent choice for those looking for fast rewards and convenience in their daily payments.
If you’re in search of a card that offers cashback on all purchases without complications, this card might be the ideal choice for you.
It stands out for its simplicity and the flexibility it offers to users, especially if you’re a frequent PayPal user.
Is This Card the Best Option for You?
The PayPal Cashback Mastercard® is perfect for those who:
- Want cashback on all purchases: This card offers 1.5% cashback on all purchases, with no restrictions or specific categories. If you make a lot of daily purchases, this is a great incentive to get money back.
- Frequently use PayPal: If you’re already a PayPal user, the card integrates seamlessly. The PayPal Cashback Mastercard can be used directly with your PayPal account, making the payment process even more convenient.
- Prefer simplicity: There are no specific categories or complicated processes to earn rewards with the PayPal Cashback Mastercard. Any purchase you make with the card automatically generates cashback.
- Want a card with no annual fee: The card does not charge annual maintenance fees, which is a huge benefit, as many other cashback cards charge additional fees.
Drawbacks to Consider
While the PayPal Cashback Mastercard offers numerous benefits, there are some aspects that may not appeal to everyone:
- Cashback rate is not the highest in the market: Although the card offers 1.5% cashback on all purchases, this rate may be lower than other cards offering higher rewards in specific categories (such as 2% on groceries or 3% on fuel).
- No welcome bonus: The PayPal Cashback Mastercard® does not offer any sign-up bonus, unlike some other cashback cards.
- Requires good credit score: To be approved for the PayPal Cashback Mastercard®, you typically need a good credit score, which may exclude some applicants.
Requirements for Applying for the Card
To apply for the PayPal Cashback Mastercard®, you need to meet the following requirements:
- Minimum age of 18: Applicants must be 18 years of age or older to apply for the card.
- Residency in the United States: The PayPal Cashback Mastercard® is available to U.S. residents only.
- Adequate credit score: You must have a sufficiently high credit score for approval. PayPal typically requires a good credit score for card applications.

Associated Costs of the Card
Although the PayPal Cashback Mastercard® offers many advantages, it’s important to consider the associated costs:
- Annual fees: One of the main advantages of this card is that it does not charge annual fees for maintaining it.
- Interest rates (APR): The interest rate (APR) on purchases varies based on your credit profile but can range from 19.99% to 26.99%. This rate can be high if you don’t pay off your balance in full each month.
- Cash advance fee: The PayPal Cashback Mastercard® charges a cash advance fee, which is typically 5% of the withdrawn amount or $10, whichever is higher.
- Late payment fee: If you miss a payment, you may incur a late payment fee of up to $40.
- Returned payment fee: If your payment is returned due to insufficient funds, you may be charged a returned payment fee of $40.
Benefits and Rewards of the PayPal Cashback Mastercard
- 1.5% cashback on all purchases: The PayPal Cashback Mastercard® offers 1.5% cashback on all purchases, with no specific categories or limitations. This means you can quickly accumulate cashback, no matter where or what you’re purchasing.
- No annual fees: The card does not charge an annual fee, which is a significant attraction. Unlike many cashback credit cards, the PayPal Cashback Mastercard® keeps the cost affordable.
- Easy integration with PayPal: If you’re already using PayPal for online purchases or payments, this card offers direct integration, making it easier to manage your spending and rewards.
- Automatic rewards: There’s no need to worry about categories or complicated programs. Cashback is automatically credited to your PayPal account, allowing you to use your rewards quickly and conveniently.
- Global acceptance: As the PayPal Cashback Mastercard is a Mastercard-branded card, it is accepted at millions of locations worldwide, both for online and in-person purchases.
- No foreign transaction fees: The PayPal Cashback Mastercard does not charge foreign transaction fees, making it a great option for international travel.
- Fraud Protection: PayPal offers strong fraud protection services to cardholders. If your card is lost or stolen, PayPal offers a quick resolution process, including locking your card and issuing a replacement if necessary. Additionally, Mastercard provides zero liability protection, ensuring that you’re not responsible for unauthorized transactions.
- Enhanced Security with PayPal: The PayPal Cashback Mastercard is protected by PayPal’s advanced security features. PayPal uses encryption and authentication technologies to ensure secure transactions. Additionally, customers benefit from the ability to easily monitor and manage transactions via the PayPal mobile app, providing real-time alerts and control over account activity.
Additional Features and Flexibility
- Online Shopping Perks: PayPal’s integration with online shopping platforms provides additional perks, such as one-click payments and easy returns. Plus, you can leverage PayPal’s “Pay Later” feature for more flexible payments when shopping online.
- Mastercard Benefits: As a Mastercard, this card also includes additional perks such as exclusive discounts and offers from participating partners, travel assistance services, and access to Mastercard’s concierge service, which can help with everything from restaurant reservations to event ticket bookings.
Frequently Asked Questions About the Card

How do cashback rewards work?
The PayPal Cashback Mastercard offers 1.5% cashback on all purchases, with no specific categories or limitations. The cashback is credited directly to your PayPal account.
Does the card have annual fees?
No, the PayPal Cashback Mastercard does not charge annual fees.
What is the card’s interest rate?
The APR for purchases ranges from 19.99% to 26.99%, depending on your credit profile.
Does the PayPal Cashback Mastercard charge a foreign transaction fee?
No, the PayPal Cashback Mastercard does not charge foreign transaction fees.
How can I redeem my cashback?
The cashback earned is automatically credited to your PayPal account, and you can use it for online purchases or transfer it to your bank account.
Contact Information for PayPal
If you need assistance or have any questions regarding the PayPal Cashback Mastercard, you can contact PayPal through the following channels:
- Phone: Call PayPal’s customer service at the number available on their official website.
- Website: Visit PayPal’s official website for more information about the card at www.paypal.com.
- App: Manage your card and PayPal account through the PayPal app, available for iOS and Android.
Conclusion
The PayPal Cashback Mastercard® is a fantastic option for anyone seeking a simple, effective way to earn cashback on every purchase.
With 1.5% cashback, no annual fees, and no foreign transaction fees, it offers great value, especially for those who already use PayPal for online payments.
If you’re looking for an easy way to earn rewards without the hassle of categories or complicated programs, this card is definitely worth considering.
Whether you’re making everyday purchases or traveling abroad, the PayPal Cashback Mastercard offers the flexibility and benefits to help you maximize your spending power.
Plus, its integration with PayPal and Mastercard’s enhanced security and worldwide acceptance provide added peace of mind, making it a reliable and attractive choice for your financial needs.