PayPal Cashback Mastercard® Review (2022.5 Update: PayPal 3%, All Other Purchases 2% Cashback! $100 Offer)

PayPal Cashback Mastercard® Review

2022.5 Update: The newly improved cashback structure is: earn 3% cashback if you make the payment via PayPal; and earn 2% cashback on all other purchases! There’s also a new $100 welcome offer.

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Benefits

  1. $100 offer: earn $100 after spending $500 in the first 90 days.
  2. Earn 3% cashback if you make the payment via PayPal; and earn 2% cashback on all other purchases!
  3. Redeem Cash Rewards right to your PayPal balance and use them whenever you want. No redemption threshold.
  4. No annual fee.

Disadvantages

  1. It has foreign transaction fee, so it's not a good choice outside the US.

Summary

Previously this card is a simple no annual fee 2% cashback card. After the improvement in 2022, it can also earn 3% cashback if you make the payment via PayPal! This is a very strong cashback structure. If you spend a lot on websites supporting PayPal, then this card is very useful. If you don’t spend a lot on PayPal, then there’s other no annual fee 2% cashback cards to consider, such as: Citi Double Cash (DC).

Historical Offers Chart

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