PayPal Cashback Mastercard® Review
2022.9 Update: There’s a $150 targeted offer in PayPal app. Offer ends in 2022/10/10. HT: DoC.
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.
Application Link
- PayPal Cashback Mastercard® no welcome offer public link
- PayPal Cashback Mastercard® $150 targeted offer: in PayPal app
Benefits
- Earn 3% cashback if you make the payment via PayPal; and earn 2% cashback on all other purchases!
- Redeem Cash Rewards right to your PayPal balance and use them whenever you want. No redemption threshold.
- No annual fee.
Disadvantages
- No welcome offer.
- 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
Application Link
- PayPal Cashback Mastercard® no welcome offer public link
- PayPal Cashback Mastercard® $150 targeted offer: in PayPal app
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